US gov’t actions give clue about upcoming crypto regulation
The Trump administration has taken a new approach to regulation of the cryptocurrency industry. It repealed the Securities and Exchange Commission’s SAB 121, which had effectively prohibited banks from holding cryptocurrencies. On March 7, the Office of the Comptroller of the Currency released its own interpretive guidance, Letter 1183, undoing Letter 1179. The latter required banks to ask OCC for …
Maria Cantwell and Chuck Grassley have introduced a bipartisan bill to rein in President Trump's tariffs. President Trump has threatened to veto the bill. Cantwell's colleague, Sen. Ron Wyden, is introducing another resolution related to this issue. The House has introduced a bill with two Democrats and two Republicans.
Prisoner in Arizona serving 16 consecutive life sentences is accused of killing three inmates
Ricky Wassenaar is the sole suspect in the deaths of three inmates at Arizona State Prison Complex Tucson's Cimarron Unit on Friday. He is serving 16 life sentences for a 2004 standoff at a correctional institution. He and another inmate took two prison guards hostage in 2004 and held them captive in one of the longest prison standoffs in U.S. …
The Financial Conduct Authority (FCA) is working on plans for a new "gateway" authorization regime for crypto activities by 2026. The focus of the FCA's crypto focus was mainly on Anti-Money Laundering (AML) checks. The shape of these rules remains in flux, so what's "in scope" can still shift. Anyone building layer 2 structures that touch financial flows could find …
Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst
Bitcoin's futures market is de-leveraging after the cryptocurrency's multiple weeks of correction. The current market conditions indicate a healthier market reset, which could pave the way for a steady price recovery. Sina, the co-founder of 21st Capital, believes Bitcoin is getting significantly de-risked.
Donald Trump's newly imposed tariff regime sent the market into free fall, wiping away trillions of dollars in a matter of days. Most Americans oppose the tariffs and are worried about the impact on the economy. Many of them voted for Trump because they wanted to get rich. The anti-wealth consensus excludes upwardly mobile voters.
The Catalan researcher that Trump quotes to justify his tariffs: "What he is doing is an animated, he will cause a recession"
Pau S. Pujolas and Jack Rossbach wrote an article entitled "Commercial Deficits with Commercial Wars". It is an economic analysis of who would win in a commercial war between the United States and China. It was cited by the Trump administration to justify the calculation of tariffs. The model used by the researchers cannot justify Trump's measures.
L.A. County Dist. Atty. Nathan Hochman will allow prosecutors to pursue the death penalty in rare circumstances. California has the largest population of prisoners awaiting execution of any state. Los Angeles County has more people on death row than any other state except Florida. Santa Clara County is working to call back the death sentences of 14 men.
Owning a Dog Does Extensive Environmental Damage — Here’s How to Lower The Toll
There are around 1 billion dogs in the world today. Review of previous studies found that pet dogs have a number of negative effects on the environment, from their disruption of wildlife to their contribution to the problems of pollution and climate change. There are things that you can do to reduce the environmental toll of your dog, and they're …
Illinois has been at the forefront of the data center boom. At least a dozen data center projects have broken ground or been completed in the suburbs in recent years, including in Elk Grove Village, Hoffman Estates, Mount Prospect and Aurora. The industry boom has prompted concerns about the impact on the environment and the electricity grid. State Sen. Steve …
Experimental medication helps treat cocaine addiction
A new medication targeting reward pathways in the brain helps people addicted to cocaine reduce their drug use. Medications are available to treat alcoholism and opioid use disorder, but none are approved for addictions to stimulants like cocaine and methamphetamine. These drugs contribute to roughly half of all overdose deaths in the US.
Cuts to NOAA's National Weather Service and Department of Government Efficiency (DOGE) have affected NOAA's 4,200-strong workforce. Over 1,000 people at NOAA have lost their jobs since the DOGE cuts started. Early career scientists were especially hard hit. Canceling research and training grants across the entire science community has far-ranging effects.
Food bank leaders spent millions on cars, Vegas trips, home renovations, lawsuit says
The state has filed a lawsuit against the Foodbank of Southern California alleging that its leaders misappropriated more than $11 million in state funds to enrich themselves and their families over the course of a decade. The nearly 50-year-old Long Beach nonprofit shuttered most operations in September after the state halted all funding and California Highway Patrol agents raided the …
The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team. Deputy Attorney General Todd Blanche said in a memo the department is not a digital assets regulator. Blanche's memo stated the Justice Department will no longer pursue cases of unintentional violations of the Bank Secrecy Act. The decision aligns with the Trump administration's approach to cryptocurrency.
Dire Wolf De-Extinction Breeds Both Hope and Uncertainty
Dallas-based Colossal Biosciences has re-discovered the extinct dire wolf species. Romulus, Remus and Khaleesi were born from a de-extinction project. They are living in a 2000-acre preserve. The company is planning to expand the pack to eight wolves.
Dani Alves's acquittal has raised a lot of questions about sexual violence. Jordi Nieva-Fenoll points out that the punishment of a prison is psychological ailments of a victim. The recovery and emancipation process of the assaulted is overlapping within the process of scrutiny and sanction of the aggressor. The repair of the victims cannot collide with the limits of institutional …
Premium: The Death Fakers
Katie Herzog and Jesse Singal scour the internet for the craziest, silliest, most sociopathic content. They are trying to extract meaning and humanity from a landscape of endless raging dumpster fires. .
Health Secretary Robert F. Kennedy Jr. wants to stop recommending fluoridation in drinking water nationwide. The Environmental Protection Agency is reviewing new information on potential health risks with fluoride. The EPA's standard for changing its policy has a much higher bar than the CDC's and requires an evidence base. Utah became the first state to ban fluoride in public drinking …
Like Monopoly: Trump plays with the whole world - the power of his words is gigantic
Donald Trump degrades everyone to extras with his words. Trump announced comprehensive new tariffs on April 2. The outcry was great and the slump in the markets was even greater. Panic broke out on Monday (April 7th) at the latest. Billions of (book) values were destroyed. The seven-minute Rally lifted the DAX. Two days later the customs break follows-published by …
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Trump’s long history hating global trade — and loving tariffs
Donald Trump has been talking about tariffs since the 1980s. He believes other countries are taking advantage of the U.S. and he wants to use tariffs to reshape the economy. Trump's tariff frenzy has sent markets into turmoil and left some investors worried about a recession.
Imports and exports account for roughly a quarter of the U.S. economic output. A full-blown trade war could reduce the volume of goods going in and out of the United States and significantly hamper GDP. The International Monetary Fund predicted the economy would grow 2.7 percent in 2025, but some economists lowered that estimate to around 1.5 percent after President …
New reports suggest lethal force being considered against Mexican cartels
President Trump signed an order designating Mexican drug cartels as foreign terrorist organizations. The C.I.A. is reviewing its authority to use lethal force against drug cartels. Mexico's President Claudia Sheinbaum has warned against the use of the U.S. military to help secure the border. This week the Supreme Court essentially green-lighted its use for now.
President Trump doubled the tariffs on Chinese imports by 104 percent. China retaliated with its own tariffs on U.S. goods from last week. China and the United States are at the brinkmanship stage, each trying to force the other to offer a deal on bended knee.