President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security. Source
But I also understand why figures like Selkis are championing crypto into a political cause. Actually, they are simply noticing that crypto already was a partisan issue and acting in accordance. It’s common to hear that because blockchains strive to be “credibly neutral” that the industry itself is apolitical, but that simply isn’t true. Crypto is a check on the government; it is and always has been a political project. As I wrote in 2021: “If Bitcoin solved the climate crisis, it would be through successful, freer markets – not…
However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023, FalconX voluntarily “changed and enhanced its approach to collecting customer-identifying information” – including requiring customers to identify the location of the assets’ ultimate beneficial owners, the location of their corporate headquarters, and the location of employees controlling the investor’s Edge account. Source
The DOJ also argued in a court filing that FinCEN’s guidance addressing crypto mixers didn’t address the idea of “control,” a stance that the senators’ letter took issue with. In its filing from last month, the DOJ said anything that facilitates the transfer of funds would meet the legal definition of a “money transmitter,” likening the wallet to a USB cable that transfers data or a frying pan that transfers heat. Source
Yes, the metaverse buzz diminished for the public. However, in the broader gaming aspect, we really entered the world of user-generated content with some of the biggest gaming platforms, including, for example, Fortnite. We’re doing it, we believe in it. It’s what we stand for. And it is probably one of the biggest trends in interactive media today. Source
TheRoaringKitty’s return potentially brings a new narrative to meme coin trading. The immediate rise in X-Men characters and meme coins related to Gamestop and Melvin Capital, the hedge fund that got squeezed out of a GME short three years ago, demonstrates a clear crossover from TheRoaringKitty’s traditional finance following and crypto meme coins. Source
GameStop's Halting Rally Has Crypto Howling Source
We have issued a reprimand to Birmingham Children’s Trust Community Interest Company after the personal information of a child was inappropriately disclosed to another family. The child protection and review department at Birmingham Children’s Trust Community Interest Company, which is owned by Birmingham City Council, was working with two neighbouring families when the data breach occurred. A child protection plan was disclosed to one family that contained both personal information and criminal allegations relating to a child from the neighbouring family. This information was included in error after being copied…
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Officially, the U.S. is a bicameral system, with the two legislative bodies working to craft bills that are sent to the president for signature. But the reality is the balance of power is a three-part affair, with the president able to reject what’s sent to him, or bills dying from between the House and the Senate, or being substantially modified in the process. Source