Sam Altman-Sponsored Study Shows UBI Boosts Spending on Essentials, Philanthropy
An Openresearch study, backed by Sam Altman, found that UBI recipients in Texas and Illinois primarily used their $1,000 monthly stipend to cover basic needs like food, transportation, and rent. Openresearch, an investigative lab that includes Openai’s founder and CEO Sam Altman on its board, has published the findings of a study that aimed to […]
Coinbase Files Motion to Compel SEC Chair Gensler to Release Emails
Coinbase has filed a motion to compel the SEC to produce Gary Gensler’s private emails amid their ongoing legal battle. Coinbase has submitted a motion to compel the United States securities regulator to disclose Gary Gensler’s private correspondence in the context of its ongoing legal dispute with the regulator. It follows Coinbase’s letter to Judge […]
US House Rep. Approves New Crypto Bill to Combat Illicit Finance
The US House passed a new crypto bill to combat illicit finance, creating a government working group and promoting public-private partnerships. A new crypto legislation has been enacted by the US House of Representatives, this time to combat its use for illicit finance. The bipartisan financial services would establish a government working group measure to […]
Ripple Targets Leadership in Digital Asset Infrastructure
Ripple aims to modernize financial systems with advanced digital asset tools and the XRP Ledger, focusing on secure and compliant DeFi solutions. Monica Long, the president of Ripple, recently published a blog post that delineated the company’s approach to modernizing conventional financial systems by incorporating sophisticated digital asset tools. She underscored Ripple’s dedication to providing […]
Swan Bitcoin Cancels IPO, Shuts Down Mining Unit
Swan Bitcoin cancels IPO plans, shuts down mining unit, and scales back spending with staff reductions. Swan, a Bitcoin investment corporation Bitcoin has decided to discontinue its managed mining operations and has ceased its intentions to go public in the near future. CEO Cory Klippsten announced in an X post on Monday that the company […]