Sam Altman’s ouster shows Biden isn’t handling AI properly

CbatGPT developer OpenAI announced last week that it had fired CEO Sam Altman due to a loss of confidence by the board — only to see him return to the company after 90% of OpenAI staffers threatened to resign. The firing caused a flurry of excitement from companies offering to match OpenAI ...

Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker

Crypto-friendly Republican Congressman Tom Emmer is pursuing a nomination to become House speaker, with the 62-year-old receiving endorsement from multiple lawmakers. Congressman Patrick McHenry continues to oversee the position on an interim basis, following a first round of voting on Oct ...

Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

The United States Department of Defence has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense.On Aug. 10, the Pentagon announced the formation of “Task Force Lima” that would look into integrating AI ac ...

Robert Kennedy Jr. reveals buying 2 Bitcoin for each of his 7 children

Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC) earlier this year — buying two BTC for each of his seven children.Speaking in a July 26 Twitter Space, Kennedy said the decision came after he received “a lo ...

Crypto bills pass congressional committee in ‘huge win’ for US crypto

A key United States House panel has approved a pair of bills that could finally deliver some regulatory clarity to crypto firms — including clarifying the differences in jurisdiction between the U.S. securities and commodities regulators.On July 26, the majority of U.S. lawmakers vot ...

Two more crypto bills in the US: Law Decoded, July 17–24

Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). ...

AI companies commit to safe and transparent AI — White House

On July 21, The White House announced that prominent artificial intelligence (AI) companies, such as OpenAI, Google and Microsoft, have committed to developing AI technology that is safe, secure and transparent. The White House also acknowledged other companies like Amazon, Anthropic, Meta and In ...

Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector.On July 20, crypto think tank Coin Center and crypto advocacy group the Blockchain Association released sep ...

Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president

Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president. Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard cu ...

Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami’s conference

Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency.A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the ...

White House Raises Concerns Over DPRK’s Cyberattacks and Cryptocurrency Theft

White House spokeswoman said Washington's concerns grow as DPRK develops new weapons The White House believes that cyberattacks and cryptocurrency theft remain a key source of revenue for the DPRK regime. The Defense Department said that at least half of the c ...

FBI Searches Home of FTX Exchange Founder’s Associate Over Political Contributions

He is one of Bankman-Fried's closest associates He was involved in the creation of the exchange and served as co-CEO of the Bahamas unit Salame also received millions in royalties from Alameda Research, as did other members of top management In the ea ...