Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S. The move was revealed via a joint announcement on April 27 from Congressman McHenry, Glenn Thompson, Chairman of the House Agriculture Committee, French Hill, Chairman of the…
A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group. “This requires a thorough analysis and delicate internal work by the five countries to reach a consensus,” according to Russia’s Foreign Ministry. Member Countries Discuss BRICS Expansion Maria Zakharova, the spokeswoman for the Russian Foreign…
press release PRESS RELEASE. Pleasant Grove, Utah – The Mirror Protocol, a trailblazing decentralized finance (DeFi) project, proudly announces the launch of its highly anticipated pre-sale. This state-of-the-art platform empowers users to seamlessly diversify their portfolios with the most sought-after blue-chip cryptocurrencies available today. The pre-sale event showcases an extensive array of The Mirror Protocol tokens, including XRP-MP, ETH-MP, ADA-MP,…
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The Shanghai Cooperation Organization (SCO) is…
U.S. Securities and Exchange Commission Chair Gary Gensler may have appeared to sidestep questions recently on whether Ethereum and other crypto assets are securities—but he certainly seemed confident back in 2018. A video has emerged on Twitter showing the top regulator giving a lecture at the Massachusetts Institute of Technology. In it, he says that Ethereum is “not a security”…
Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley Bank (SVB). The banks closed…
FTX published the fourth in a series of interim financial updates on Friday showing the bankrupt cryptocurrency exchange spent a total of $86 million through the end of March, according to court documents. The report shows the vast majority, $67 million, worth of FTX’s spending went towards legal fees. The company said it has $2 billion in cash and brought…
A former key researcher at OpenAI believes there is a decent chance that artificial intelligence will take control of humanity and destroy it. “I think maybe there’s something like a 10-20% chance of AI takeover, [with] many [or] most humans dead, ” Paul Christiano, who ran the language model alignment team at OpenAI, said on the Bankless podcast. “I take…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Battle royale fans rejoice—a Web3 Wild West shooter is coming. The tale of Grit’s development is somewhat long and storied, which for better or worse is common in the multi-year trenches of video game development. After previously being set to launch on PC gaming marketplace Steam for $20, Web3…
At the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services to emerging Web3 entrepreneurs. Meanwhile, the United Kingdom government has allocated $125 million in funding for a task force aimed at accelerating the country’s artificial intelligence (AI) readiness. The task force…
