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House Panel Chairman Tells CFPB to “Go Back to the Drawing Board” Over Stringent Crypto Oversight Proposal
14.3.2024
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB), telling the independent government agency to “go back to the drawing board” regarding an oversight proposal that would...
Primitives Protocol: Simplifying consumer crypto apps on Solana
13.3.2024
Primitives Protocol is a protocol, and SDK meant for builders intending to create consumer crypto applications on Solana. They will utilize their sense of background to create consumer social products to release high-end decentralized social user exposure. In their opinion, this will help in roping...
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
12.3.2024
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates
Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
21.2.2024
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations
FTC Updates Rules to Address AI Deepfake Threats to Consumer Safety
16.2.2024
The US Federal Trade Commission (FTC) proposed making new updates on an artificial intelligence (AI) deepfake rule on February 16. The government agency said the proposed rule changes would protect users from AI impersonations. According to the ‘Rule on Impersonation of Government and Businesses’...
South Korea to Expel Crypto Exchanges Failing to Meet Its Stringent Conditions
15.2.2024
Cryptocurrency exchanges that fail to meet South Korea’s stringent operating standards will be expelled from the crypto market, the country’s financial intelligence agency has said. The Financial Intelligence Unit said its annual work plan incorporates the insights of cryptocurrency...
FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report
14.2.2024
Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...
Bitcoin Price Drops Back Below $49,000 After Hot US CPI Data Deals Blow to Fed Rate Cut Bets – Where Next for BTC?
13.2.2024
Bitcoin Price Chart / Source: Adobe / LuisaThe Bitcoin (BTC) price has dipped back below $49,000, a near $1,500 turnaround from the two-year highs it hit near $50,400 earlier in the session, in wake of the release of hotter-than-expected US Consumer Price Index (CPI) data for January. Last changing...
House Financial Services Committee Members Demand More Time to Debate New Digital Payment Proposal
2.2.2024
Leading members of the U.S. House Financial Services Committee, Chairman Patrick McHenry, Subcommittee Chairman French Hill, and Representative Mike Flood, have requested an extension of the public comment period for the CFPB’s proposed rule on digital consumer payment applications. This...
The Absolute Best Gadgets From CES 2024
16.1.2024
CES 2024 was certainly interesting this year; while we did anticipate AI being inserted into everything from TVs to cars, there were some genuine surprises from the show floor here in Las Vegas. Despite going to what felt like a million press conferences and keynotes, the Gizmodo team did manage...
AARP's Horrible AI-Powered Mario Hologram, Explained
10.1.2024
The Consumer Electronics Show (CES) is happening this week in Las Vegas and buried inside the massive convention floor—filled with new computers, a car you can drive with a PlayStation 5 controller, monitors, and other tech—is a strange, horrible, holographic Mario powered by AI and sponsored...
Sony’s New Smart Car Can Display Fortnite Ads, For Some Reason
10.1.2024
During January 8's Consumer Electronics Show (CES) in Las Vegas, Sony literally pulled up on stage with a new electric vehicle that can be driven with the PlayStation 5's DualSense controller. The vehicle, named AFEELA and created in partnership with car manufacturer Honda, has a bunch of features...
New PS5 Slim Colors From CES Are So Damn Boring
10.1.2024
Sony has made some pretty big reveals at tech showcase CES this year—a mixed-reality headset, a first look at the Gravity Rush movie, and a car that you can control with a DualSense—so it makes the desultory offerings of new PS5 Slim colorways all the more disappointing. Red, blue and silver...
Australian Government Official to Question Regulator Over Its Failure to Warn Crypto Investors
10.1.2024
The Australian government’s assistant treasurer, Stephen Jones, has stated his intention to query the country’s securities regulator over its failure to warn investors about the risks of investing in the now-collapsed crypto investment firm Hyperverse. Jones stated that a “bunch”...
Blockchain Association Rebuffs CFPB’s Proposal on Payment Apps and Digital Assets
9.1.2024
In a detailed critique, the Blockchain Association counters the CFPB’s latest proposal to oversee digital consumer payment applications, citing legal and jurisdictional overreaches in the bureau’s approach to cryptocurrencies and digital assets. CFPB Faces Criticism from Blockchain...
Oh God, Sony Reveals New Car That Can Be Driven Via A PlayStation Controller
9.1.2024
You know what’s a spectacularly terrible idea? Being able to control a real car with a PlayStation DualSense controller. Yup, that’s a real thing now. During Sony’s CES 2024 press conference, the Japanese tech giant took one giant leap into the preoccupied realms of “whether they could” by showing...
Best Buy Will Soon Stop Selling Blu-rays And DVDs
3.1.2024
The days of walking into a store and spending hours slowly exploring aisles of movies new and old are ending, as Best Buy’s previously reported plans to stop selling physical media begin in 2024. Read more
Paxos Receives Regulatory Approval to Expand into Solana Blockchain
22.12.2023
Source: Pixabay Paxos has announced an expansion of its stablecoin issuance to the Solana blockchain after securing regulatory approval from the New York Department of Financial Services. In a press release published Friday, the stablecoin issuer noted that the initiative is a “significant...
Bitcoin Price Prediction as Gary Gensler Says SEC Taking ‘New Look’ at Spot BTC ETFs – Approval Coming?
15.12.2023
In the dynamic landscape of cryptocurrency, Bitcoin, the pioneering digital currency, has recently seen a downturn, slipping below the $43,000 threshold. This decline aligns with the broader crypto market, which witnessed a 0.25% drop in its global market cap, now standing at $1.61 trillion. This...
It Sucks To Buy Anything In 2023
15.12.2023
Recently, my wife and I went out to do some Christmas shopping. We also grabbed some lunch while we were out, brought dinner home, rented a movie, and bought a game to play the next day. It should have been a chill weekend, but it wasn’t. In 2023, thanks to greedy billionaires and giant, shitty...