A federal judge has cleared the way for betting on election results in the US for the first time in the modern era, overturning a prohibition imposed on gambling companies by the Commodities Futures Trading Commission, a financial regulator. In November, the CFTC was sued in the District of Columbia by New York-based Kalshi, which … Read more
Impersonators have descended on a soon-to-be-announced crypto venture tied to presidential candidate Donald Trump and his family, capitalizing on gaps in information about the project to promote inauthentic crypto tokens. Led by Eric Trump and Donald Trump Jr., the sons of the former president, the Trumps have embarked on a campaign to promote an upcoming … Read more
This week Mark Zuckerberg sent a letter to Jim Jordan, the chair of the House Judiciary Committee. For months, the GOP-led committee has been on a crusade to prove that Meta, via its once-eponymous Facebook app, engaged in political sabotage by taking down right-wing content. Its investigation has involved thousands of documents, and the committee … Read more
Suffice it to say that this mountain of evidence from direct sources weighs more heavily than marked-up images from conservative commentators like Chuck Callesto and Dinesh D’Souza, both of whom have been caught spreading election disinformation in the past. When it comes to accusations of AI fakery, the more disparate sources of information you have, … Read more
Even if Trump were to restrict the reserve to bitcoin seized through law enforcement activity, his administration must also weigh up the opportunity cost associated with holding onto bitcoin. Whereas some assets—like bonds—generate a consistent income stream for holders, bitcoin does not, making it expensive to hold. “The question comes down to what the government … Read more
Trump’s speech is an hour behind. A half hour into the wait, restless attendees start chanting “Trump.” The woman sitting in front of me murmurs her own chant: “Bitcoin, bitcoin—that’s what they should be chanting.” She must have gotten the memo: It’s not a Trump rally; it’s a bitcoin rally. When Trump finally takes the … Read more
“Then on the other extreme, [the left-wing New Popular Front] have been so vocal about all the taxation measures they want to bring back that it looks like we’re just going back to pre-Macron period,” Varza says. She points to France’s 2012 “les pigeons” (or “suckers”) movement, a campaign by angry internet entrepreneurs that opposed … Read more
