US Securities and Exchange Commissioners Hester Peirce and Mark Uyeda responded to the US regulator’s decision to deny a rulemaking petition from Coinbase on Friday.

The two said that they disagreed with the decision, a contrast to the statement released by agency chair Gary Gensler that praised the decision. 

“The Petition raises issues presented by new technologies and other innovations, and addressing these important issues is a core part of being a responsible regulator. Any exploration of these issues should include public roundtables, concept releases and requests for comment, which would afford us the opportunity to hear from a wide range of market participants and other…

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Crypto is here for the middlemen. The industry is more than ready to replace these parasitic cogs with decentralized, transparent and secure alternatives. 

But crypto’s killer app — the way that crypto will truly launch into the mainstream — hasn’t arrived yet. 

Some of my favorite crypto thought leaders have said for years that the real killer app will be prediction markets, NFTs, tokenized real estate, metaverse, etc. The laundry list continues to grow. But I’m here to say right now that none of these are crypto’s killer app. While they are interesting speculative opportunities that offer diverse market exposure, these markets are not large enough to onboard the next…

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SafeMoon filed for bankruptcy in Utah on Thursday.

The company filed for Chapter 7 bankruptcy, which essentially means that the bankruptcy is focused on liquidation to distribute to creditors. 

In the filing, SafeMoon said that it has property that needs attention including “cryptocurrency, intellectual property and other intangible assets.”

The assets are expected to be worth $10 to $50 million, with anywhere from $100,000 to $500,000 in estimated liabilities. 

It listed roughly 50 to 99 creditors in the filing.

The filing comes a little over a month after the US Securities and Exchange Commission filed a suit against both SafeMoon and some of its top executives. 

Read more:…

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A study from two Europe-based nonprofits has found that Microsoft’s artificial intelligence (AI) Bing chatbot, now rebranded as Copilot, produces misleading results on election information and misquotes its sources. 

The study was released by AI Forensics and AlgorithmWatch on Dec. 15 and found that Bing’s AI chatbot gave wrong answers 30% of the time to basic questions regarding political elections in Germany and Switzerland. Inaccurate answers were on candidate information, polls, scandals, and voting.

It also produced inaccurate responses to questions about the 2024 presidential elections in the United States.

Bing’s AI chatbot was used in the study because it was one of the…

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The US Securities and Exchange Commission denied Coinbase’s 2022 petition for rulemaking on Friday.

The SEC opposes the petition’s view that using existing securities laws to enforce crypto regulation is “unworkable.”

“The Commission has discretion to determine the timing and priorities of its regulatory agenda, including with respect to discretionary rulemaking such as that requested in the Petition,” the SEC wrote.

Gary Gensler, Chair of the Commission, said that he agrees with the Commission’s denial.

“I disagree with the petition’s assertion that now is the right time for the regulatory action it suggests. The Commission and its staff are currently pursuing…

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As talk of the Bitcoin halving, exchange-traded funds and other macro factors seem to point to the beginning of the next bull market cycle for crypto, many might be considering starting a career in this space. It happens to many people involved with Bitcoin (BTC), blockchain or cryptocurrencies. 

At first, they are “investors” researching and buying assets in a new digital asset class. For some, this turns into a desire to enter the decentralized ledger technology and blockchain industry. Many have decided to find paths to employment and acquire the skills necessary to jump into careers in this space.

Since the beginning of the blockchain and cryptocurrency industry, most people have…

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