Did US Federal Reserve Chairman Jerome Powell threaten to raise the fees?Powell continued to argue that following the Fed’s decision on Wednesday to stabilize interest rates, the president’s tariff policy continued to insist that there was a risk of inflation igniting it.”The increase in tariffs is driving prices up,” Powell said. “The short-term measure of inflation expectations has risen.””You can say,” continued Powell, “The Fed is looking at inflation by not hiking (prices).”The market was not kind to the comments. Bitcoin (BTC) prices quickly fell to nearly 2% to $115,800, with major US stock indexes moving from about 0.5% to…
Author: ₿e Proud
If you’ve been hearing about Trump’s AI Action Plan and wondering who it actually benefits, you’re not alone. On today’s episode of Equity, Rebecca Bellan caught up with Amba Kak and Dr. Sarah Myers West from the AI Now Institute, a think tank focused on the social implications of AI and the consolidation of power in the tech industry. Their recent report, dubbed Artificial Power, lays out the political economy driving today’s AI frenzy and what’s at stake for everyone else. Artificial Power pushes back on what AI Now calls the “too big to fail” myth, arguing that AI companies…
Meta CEO Mark Zuckerberg shared his vision on Wednesday for “personal superintelligence,” the idea that people should be able to use AI to achieve their personal goals. Smuggled into the letter is a signal that Meta is shifting how it plans to release AI models as it pursues “superintelligence.” “We believe the benefits of superintelligence should be shared with the world as broadly as possible,” wrote Zuckerberg. “That said, superintelligence will raise novel safety concerns. We’ll need to be rigorous about mitigating these risks and careful about what we choose to open source.” That wording about open source is significant.…
After months of forecasts, the Donald Trump administration has finally deleted a comprehensive report on the digital asset market. Headline? They seek swept reform proposals, strong pro-crypto languages, and clarity of regulations. However, one major detail is notable. This is a reference to the long-standing National Bitcoin Reserve.This absence is surprising, especially after Donald Trump’s executive order in March called for a formal strategic Bitcoin reserve and another digital asset stockpile. Many people were hoping that this report would outline how the plan would unfold. Instead, the administration focused on regulatory overhauls, stable integration, and clearing the path of new…
AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the way back when co-founder and CEO Neil Tewari, now 24, was in high school. He got busted one day watching a TechCrunch Disrupt livestream during class, was sent to the principal’s office, and had to stay late. Afraid to call his parents and tell them…
Key Takeaways The White House report introduces a broad crypto regulatory framework but does not address government Bitcoin reserves. The framework supports stablecoins, opposes US CBDCs, and recommends regulatory clarity for digital asset trading and taxation. Share this article A highly anticipated report from President Donald Trump’s Working Group on Digital Asset Markets appears to sideline an actionable plan for a national Bitcoin reserve, according to details in its fact sheet preview first reported by CoinDesk.The full report, set to be released later today, follows President Trump’s January executive order (EO) establishing the working group. That order tasked the group…
Welcome to Protocol, where Coindesk is a weekly summary of the most important stories in cryptocurrency technology development. I’m Margaux Nijkerk from Tech & Protocols Reporter at Coindesk.In this issue:10 Ethereum: Next Place for Computers in the World? L2 upgrade player burns ETH in all L2 transactions, announces Roadmapair for “Internet Capital Market”.Unknown block type “divider”, specify the component with the `components.types` optionNetwork NewsEthereum in 10: When Ethereum began on July 30, 2015, it was going to be more than just another cryptocurrency. The aim was to broaden the boundaries of blockchain technology itself. While Bitcoin was in digital gold,…
As Silicon Valley races toward a future where AI agents do most of the software programming, a new problem is created: finding the AI-generated bugs before they are put into production. Even OpenAI is dealing with such issues, a former employee has described. Newly funded startup PlayerZero has created a solution: use AI agents trained to find and fix problems before the code is put into production, the startup’s CEO and sole founder, Animesh Koratana, tells TechCrunch. Koratana created PlayerZero while he was at the Stanford DAWN lab for machine learning under his adviser and lab founder, Matei Zaharia. Zaharia…
The Securities and Exchange Commission (SEC) has confirmed that it has been filed by NASDAQ, proposing the amendment. Black Rock Ishares Ethereum Trust (ETHA). The proposal allows ETFs to wager their Ethereum holdings, join the consensus mechanism of ETH certification and potentially earn staking rewards. What happens when institutional staking becomes mainstream? BlackRock has received regulatory approval to include staking in the Spot Ethereum ETF. As It was mentioned By X’s çağrıyaşar, we acknowledge it Submit It is not a minor regulatory checkbox. It is key to the Securities and Exchange Commission (SEC) and is left to its engine, not…
Google has confirmed it will sign the European Union’s general purpose AI code of practice, a voluntary framework that aims to help AI developers implement processes and systems to comply with the bloc’s AI Act. Notably, Meta earlier this month said it would not sign the code, calling the EU’s implementation of its AI legislation “overreach,” and stating that Europe was “heading down the wrong path on AI.” Google’s commitment comes days before rules for providers of “general-purpose AI models with systemic risk” go into effect on August 2. Companies likely to be affected by these rules include major names…