Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial. Source: https://cointelegraph.com/public/index.php/news/hester-peirce-dont-label-all-crypto-financial-asset
A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature. On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, securely storing, insuring, and liquidating” both gold bullion and “virtual currency […] such as Bitcoin.”…
ARK Invest, one of the high-profile companies vying for a spot Bitcoin exchange-traded fund (ETF), has amended its SEC filing to add a surveillance-sharing agreement. The change occurred a week after BlackRock filed for its own spot Bitcoin ETF, which did include such an agreement. As ARK submitted its proposal to the SEC in April, nearly two months before BlackRock’s…
The American central bank has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.” The report issued on June 28 also showed relative weakness among the midsize and regional banks, however, the stress test only requires the 23 banks to participate in testing,. The list comprises of the…
Imagine this: You are chatting online with a guy you like, he checks all the boxes, things start to get spicy, you ask him to tell you something hot, and he replies: “I’m sorry, but as an AI language model I cannot go that far.” Welcome to the future of dating. A recent study by AttractionTruth dives headfirst into this…
Global investment titan BlackRock, which manages some $10 trillion in assets, has declared artificial intelligence a “mega force” that could create significant returns for investors in today’s “unusual” market. In its mid-year outlook report, the BlackRock Investment Institute detailed their thesis for increased investment in AI — pointing to multiple “disruptive” themes that could see the sector grow rapidly over…
Disinformation, propaganda, alternative facts—the deployment of biased or false information has been a part of politics and social engineering since the first caveman con artist. But the last few years of politics and social media has seen the practice grow exponentially—and the mainstream embrace of AI will only accelerate the practice. And AI appears to be even better at fooling…
Though the U.S. Securities and Exchange Commission (SEC) is waging legal war across the crypto space, Ethereum co-founder Joseph Lubin isn’t breaking a sweat. When asked about regulators potentially treating Ether (ETH) like a security, the Consensys CEO explained during a Tuesday interview with CNBC that the regulatory verdict on Ethereum is already in. “The SEC has spoken,” he said,…
Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, argues a commissioner at the U.S. Securities and Exchange Commission. On June 29, Commissioner Hester Peirce — dubbed “Crypto Mom” — appeared remotely at Australian Blockchain Week and was asked how she would regulate crypto, answering: “I think we have to…
Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers in the industry. #Bankitalia #26June…
