Cryptocurrency was supposed to be all about cutting out the middleman, but it turns out there are still plenty of people taking a cut. Exchanges, wallet providers, and blockchain networks are all charging fees that can make traditional banks seem like a bargain. Take Ethereum, for example. When the
OpenAI's AI tool, Sora, has faced backlash for generating deepfake videos of Martin Luther King Jr. These videos, which showed the civil rights leader in disrespectful and altered scenarios, led to his estate requesting OpenAI to stop. The AI tool has become popular for creating realistic videos, bu
Japan is taking a big step to regulate cryptocurrency trading. They are updating their laws to include crypto under the Financial Instruments and Exchange Act (FIEA). This move aims to prevent insider trading, making crypto rules similar to those for stocks and bonds. The Securities and Exchange Su
BlackRock, a heavyweight in the finance world, is making bold moves into the crypto space. The company has revamped one of its money market funds to cater to stablecoin issuers, showing its commitment to this growing market. This isn't just a small step; it's a significant leap into the digital asse
The Federal Election Commission (FEC) is supposed to keep an eye on campaign money, but right now, it's not doing much watching. The reason? It doesn't have enough people to make decisions. The FEC needs at least four members to function properly, but lately, it's been running with just two. This is
Caster Semenya, the South African Olympic champion, has decided to stop her legal fight against track and field's sex eligibility rules. This decision comes after a long battle that spanned seven years and reached the highest courts. Her lawyer, Patrick Bracher, confirmed that they won't take the ca
Adrienne Harris, who led the New York Department of Financial Services (NYDFS) for four years, has decided to step down. She expressed gratitude for the opportunity to serve and highlighted the department's growth under her leadership. In her final interview, Harris backed the idea of a US-UK crypt
The SEC has shaken things up in the crypto world. They've asked companies to pull their old ETF filings. Why? Because they've got a new rule. Now, crypto ETFs can be approved anytime, as long as they meet the right standards. This isn't a step back. It's a faster path to getting these ETFs out there
People are changing how they watch TV. They don't want to wait for scheduled shows anymore. They want to watch what they like, whenever they like. YouTube is making this possible. This shift is causing trouble for old-school TV companies. Jimmy Kimmel's show faced a problem recently. Two big TV com
TikTok's future in the US is taking shape, but the details reveal a complex profit-sharing arrangement. ByteDance, the Chinese parent company, stands to gain a significant portion of the profits from TikTok's US operations, despite not owning a majority stake. This is all part of a deal that aims to
