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“Vatican tech flop: Pope Leo’s AI crusade needs Trump — not the UN” Pope Leo XIV is right about the need to make AI answer to the human good — artificial intelligence has to be subject to human moral responsibility. But whose? The pope warns against power accumulating in private hands: A few companies, led…
Apple is launching new tools to comply with the growing number of age verification laws both in the U.S. and abroad. As part of the changes, Apple will block the downloads of apps rated 18+ in Brazil, Australia, and Singapore, while also rolling out other features to comply with laws in the U.S. states of…
Despite President Nayib Bukele’s claim that El Salvador’s government wouldn’t stop buying Bitcoin, the IMF said negotiations for the sale of its wallet were ”well advanced.” The International Monetary Fund’s mission chief for El Salvador issued a statement confirming that government authorities were proceeding with negotiations for the sale of the country’s Chivo Bitcoin wallet….
Bhutan is quietly building a low-carbon Bitcoin economy using hydropower, sovereign capital and clear regulatory guardrails. Bhutan is using surplus, carbon-free hydropower to mine Bitcoin, converting excess electricity into a liquid digital export rather than curtailing generation. Mining and custody are handled by the sovereign investment arm, Druk Holding and Investments (DHI), and confined to…
CFTC acting chair Caroline Pham says Monday was her last day at the regulator, with Michael Selig being officially sworn in to chair the agency. The US commodities watchdog has a new leader. Michael Selig was sworn in as chair of the Commodity Futures Trading Commission on Monday as acting chair Caroline Pham departed the…
CFTC acting chair Caroline Pham says Monday was her last day at the regulator, with Michael Selig being officially sworn in to chair the agency. The US Commodity Futures Trading Commission has officially undergone a change of leadership, with acting chair Caroline Pham saying she will leave the agency on Monday, while Mike Selig was…
Hong Kong’s insurance regulator is reportedly weighing a proposal to let insurers invest in cryptocurrencies with a 100% capital charge. The Hong Kong Insurance Authority is reportedly proposing to allow insurance capital allocation to cryptocurrencies and infrastructure projects. Bloomberg reported on Monday that the city’s regulator started reviewing the risk-based capital regime to support the…
Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets fall under federal commodities law, not state gambling rules. Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance…
Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has been speaking out against crypto debanking. The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the…
XRP has a “number of reasons” that are attracting traditional investor dollars, which has helped to push XRP ETFs over $1 billion in assets, says CF Benchmarks CEO Sui Chung. XRP exchange-traded funds have surpassed $1 billion in assets due to the long-standing recognition of the token among mainstream market participants, combined with its strong…