Canada is moving closer to banning political donations made in cryptocurrency, as lawmakers in Ottawa tighten rules around how money flows into elections. That’s after a proposed law — Bill C-25, the Strong and Free Elections Act — passed a second reading in the House of Commons on Friday. The vote signals that lawmakers support…
In brief xAI and Colorado jointly moved to pause the lawsuit over SB24-205. Enforcement of Colorado’s AI law is on hold while lawmakers consider amendments. The case could resume if revisions fail to address xAI’s constitutional concerns. Colorado’s legal fight with Elon Musk’s artificial intelligence company xAI is on pause for now. In a joint…
Tennessee Governor Bill Lee has signed a bill into law that will officially ban the use and installation of cryptocurrency ATMs and kiosks in the southeastern US state, leaving only a matter of weeks for companies to be in compliance. Lee signed Tennessee House Bill 2505 into law on April 13, making the installation of…
In brief DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million, as of Monday. The coordinated relief effort has drawn participation from across the crypto industry, including contributions from Consensys and the Avalanche Foundation. The total amount raised was contingent on governance proposals, including one on Arbitrum that’s expected…
Consensys and Ethereum co-founder Joe Lubin have joined DeFi United, committing as much as 30,000 ETH to a recovery effort aimed at restoring rsETH backing after a $290 million bridge exploit triggered widespread disruptions across DeFi. The initiative, led by participants in Aave DAO, aims to support affected users and stabilize rsETH markets, with governance…
In brief Analyst Ming-Chi Kuo reports OpenAI is co-developing a smartphone chip with Qualcomm and MediaTek, with Luxshare as exclusive manufacturing partner and mass production targeting 2028. Qualcomm surged as much as 12% intraday on the unconfirmed analyst report, partially recovering from its 13% year-to-date decline. The reported phone would replace apps with AI agents….
Key points: Bitcoin continues to face resistance near $79,500, but the trajectory remains up as long as the price holds above $76,000. Most major altcoins are not showing any directional bias, suggesting a near-term consolidation. Bitcoin (BTC) attempted to rise above $79,500, but the bears held their ground. BTC investor and author Michael Terpin told…
The European Commission announced a package of crypto-related sanctions against Russia in response to the country’s military actions against Ukraine. In a Thursday notice, the commission said the sanctions targeted Russia’s energy and financial sectors, including a “total sectorial ban on carrying out exchanges with any Russian crypto asset service provider as well as any…
In brief A Federal Reserve study found US programming job growth dropped roughly 50% after ChatGPT launched in November 2022. Researchers estimate roughly 500,000 developer jobs that would have otherwise existed were never filled. The employment gap didn’t appear until mid-2024—about 18 months after ChatGPT’s launch. The Federal Reserve just put a number on something…
In brief LayerTwo Labs CEO Paul Sztorc has proposed a Bitcoin hard fork called eCash. The fork would clone and “reassign” coins linked to Bitcoin creator Satoshi Nakamoto and give them to eCash investors. Previous Bitcoin and Ethereum hard forks have been far less successful than the originals long-term. Bitcoin developer Paul Sztorc has proposed…