As AI-generated porn becomes more advanced, adult film performers—like their mainstream peers—are calling for more protections against the unauthorized use of their likenesses and fair compensation for their content. For legendary adult performer and head of Star Factory PR, Tanya Tate, the rise of artificial intelligence and deepfakes is eerily familiar. “It feels to me the way it did when…
Charged with lawsuits, investigations, and widespread regulatory action worldwide, crypto exchange Binance has seen a deluge of top-tier executives leave the company. Led by the elusive CEO and co-founder Changpeng Zhao (CZ)—who personally faces charges in the United States from the CFTC, SEC, and potentially the Department of Justice—the company has also been charged in the U.S., France, Brazil, and…
The ticker for BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours. The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of a potential soon-to-come spot ETF…
Two U.S. senators from opposite sides of the aisle have introduced a bill that they say will establish safeguards against another FTX-type collapse. The Proving Reserves of Others Funds (PROOF) Act is the brainchild of Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO), who shared a draft of the legislation on Friday. The legislation intends to guard against unethical co-mingling…
Cryptocurrency exchange Coinbase offered a judge its final take on Tuesday as to why a lawsuit from the Securities and Exchange Commission (SEC) should be put to rest, arguing tokens are not securities and that the SEC has overstepped its regulatory bounds. The company outlined its stance in a legal brief for Southern District of New York Judge Katherine Polk…
Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency. Crypto’s role in the conflict came into focus on Oct. 10, when Israeli police froze crypto accounts used for…
The U.S. Securities and Exchange Commission today settled charges against BlackRock for “failing to accurately describe investments in the entertainment industry”—with the Wall Street giant agreeing to pay a $2.5 million fine. The charges come as the financial world awaits the results of the SEC’s review of BlackRock’s application for a Bitcoin exchange-traded fund (ETF), which would be the first…
Tom Emmer, the current majority whip and a crypto proponent, has reportedly dropped his bid to become the next Speaker of the United States House of Representatives — a position second in line to the U.S. presidency. According to multiple reports from major news outlets on Oct. 24, Rep. Emmer ended his campaign for Speaker after he was unable to…
Publicly traded crypto funds worldwide absorbed over $61 million in new capital on Monday—enough to account for more than 10% of all net deposits into crypto funds since the start of the year—and almost all if it was funneled into Bitcoin funds. The influx of capital occurred as Bitcoin (BTC)’s price swelled to $35,000 on Monday as investors grow more…
The crypto community rejoiced Tuesday upon learning that Representative Tom Emmer (R-MN), an outspoken advocate for the novel financial industry, had secured the Republican nomination for Speaker of the House. That excitement may be short-lived, however, given mounting objections to the nomination from key Republicans—including former president Donald Trump. In a closed-door, informal vote among the House’s 221 Republicans, Emmer…
