California removes teeth from AI law without addressing tech’s core concerns
The law appears more corporate friendly, but the implications for consumers are a bit murkier.
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Sam Altman thinks giving everyone ‘a slice of GPT’ could pay for UBI
He also reiterated his call for an international safety agency to protect against existential threats related to AI.

Better, faster, cheaper: How DeFi will kill the retail bank
The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global financial system. For consumers, this system runs through their retail bank. It is where most people save, spend and pay their taxes. This is the battleground for the coming…

Fed’s Kashkari hints at liquidity support — Is $100K Bitcoin back on the table?
Neel Kashkari, President of the Minneapolis Federal Reserve, addressed the issue of rising Treasury yields on April 11, suggesting that they might indicate a shift in investor sentiment away from United States government debt. Kashkari highlighted that the Federal Reserve has tools to provide more liquidity if necessary. While underscoring the importance of maintaining a

Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections
“We are witnessing a drive to make financial risk a tawdry political issue," said Sarah Bloom Raskin. 591 Total views 17 Total shares Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.According…

Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’
The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares but said SBF was “compelled to reply” given other claims. 413 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe legal team for former FTX CEO Sam Bankman-Fried has filed a…

Bitcoin just had its biggest mining difficulty drop since 2011
BTC price action remains relatively stable as the network automatically takes care of higher fees and slower block times. 3072 Total views 26 Total shares Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself.Data from monitoring resource BTC.com shows that the…

This $25K BTC price target would spell misery for Bitcoin shorters
Bitcoin (BTC) has an important new price target for bulls to meet — and it is closer than it seems.As noted by Philip Swift, co-founder of trading suite Decentrader, $25,000 is now a critical BTC price level.Bitcoin price rally near "a lot of liquidity"After putting in 40% gains in January, Bitcoin continues to consolidate around…

Axie Infinity teases new Web3 game as NFT outlook turns positive
Sky Mavis released the trailer for Atia’s Legacy, a new MMO set in the Axie universe, promising enhanced gameplay and NFT-based referral rewards. Non-fungible token (NFT) gaming project Axie Infinity released a new trailer for an upcoming video game, Atia’s Legacy, a massively multiplayer online (MMO) game set in the Axie universe. On Nov. 25