Gensler says U.S. government shutdown would reduce SEC to skeleton crew

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), told Bloomberg on Sept. 20 that a government shutdown could hinder his agency. Other reports indicate that the U.S. government could... Read more »

Is ‘smart money’ that smart? Top 5 DeFi wallets have unrealized losses

In finance, ‘smart money’ typically refers to institutional or professional investors presumed to possess greater market knowledge and resources. However, an intriguing pattern emerges when examining the top holders across major DeFi... Read more »

Joe Biden addresses UN on international AI regulation: ‘It’s going to take all of us’

In a Sept. 19 address to the United Nations, U.S. President Joe Biden expressed an urgent need for preemptive regulation of artificial intelligence, inverting the existing paradigm that has seen a scramble... Read more »

ELI5:50 – What is a Zk-proof and why it matters for the future of finance

From securing blockchain transactions to enhancing privacy, Zero-Knowledge Proofs (zk-proofs) is a transformative technology reshaping the future of finance. Let’s peel back the layers of this complex concept, from a five-year-old’s perspective... Read more »

Ethereum Holesky testnet launch flops, relaunch is expected in coming weeks

Ethereum’s Holesky testnet experienced an error that will require another launch attempt, community members and developers said on Sept. 15. Ethereum researcher Diederik Loerakker, aka protolambda, wrote that one developer entered certain... Read more »

Humanity will use AI to destroy itself long before AI is sentient enough to rebel against it

As artificial intelligence rapidly advances, legacy media rolls out the warnings of an existential threat of a robotic uprising or singularity event. However, the truth is that humanity is more likely to... Read more »

Genesis to halt all trading services by Sept. 21

Genesis will soon close all of its services, according to a Sept. 14 report. A Genesis spokesperson was on record saying: “Genesis has decided to stop offering digital asset spot and derivatives... Read more »

CoinEx over $27M hack loss traced to North Korean hackers

The over $27 million hack of crypto exchange CoinEx was carried out by the North Korean Lazarus Group, blockchain security firm SlowMist reported on Sept. 13. The findings were corroborated by prominent... Read more »

Elizabeth Warren criticizes upcoming closed-door AI summit between senators, tech leaders

Senator Elizabeth Warren criticized a series of upcoming meetings with AI industry leaders in a conversation with NBC on Sept. 12. There, Warren commented on the closed nature of proceedings, stating: “These... Read more »

Despite industry objections, SEC’s Gensler continues to classify crypto as securities

Securities and Exchange Commission (SEC) Chairman Gary Gensler remains steadfast that most cryptocurrencies fall under the agency’s securities regulations despite ongoing criticism from the crypto industry. In written testimony on Sept. 12... Read more »
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