Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under Chair Jerome Powell at the central bank until 2036. Federal Reserve Governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him in position to become the Federal…
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Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May. Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbase has quietly launched…
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According to the 215 computer science professors surveyed, AI might not be as big of a displacer as the C-suite claims. A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence governance, according to a survey conducted by Axios, Generation Lab, and Syracuse University. The survey polled…
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Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation. Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse, but for treating it as “a laboratory for experimenting with cutting-edge policy.” In the…
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The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on specific countries. The United States Department of Commerce said on Aug. 31 that the Biden administration has “not blocked chip sales to the Middle East,” according to a report from…
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A proposed contract with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade. The Public Service Commission of the state of Kentucky has denied a proposed contract that would have allowed a mining firm to receive a discounted rate on…
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The SEC has delayed its decision on BTC exchange-traded fund applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Bitwise Asset Management and Fidelity. The United States Securities and Exchange Commission (SEC) has postponed its decisions on six applications for spot Bitcoin exchange-traded funds (ETFs). According to SEC filings dated Aug. 31, the commission has designated a longer…
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Trump NFT prices spiked after the former U.S. president’s mugshot in police custody was released. Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.…
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The SEC may have a limited window to appeal the court decision, while Grayscale could move forward with an amended application for its spot Bitcoin exchange-traded fund. A federal judge has overturned the United States Securities and Exchange Commission’s decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin Trust, but many…
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Along with longshot Democratic hopeful Robert F. Kennedy Jr., Francis Suarez was one of the few openly crypto-friendly candidates running in 2024. Miami Mayor Francis Suarez, one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement on…
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