U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage. “One is that inflation doesn’t come down back to their target as they envisioned, and the […]

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), commented on pending spot Bitcoin ETF applications on Dec. 14. When asked by CNBC anchor Sara Eisen about the likelihood of these applications being approved, Gensler responded: “We have … between eight and a dozen [spot Bitcoin ETF] filings … And as you might […]

Government policy and challenges getting projects online complicate energy policy and may have grave consequences. The North American Electric Reliability Corporation (NERC), a nonprofit corporation that oversees regional organizations that support energy reliability, has released its annual long-term reliability assessment of the United States electrical grid. It identified large portions of the United States and […]

A screenshot circulating on Reddit and X suggests that OpenAI could be releasing its latest large language model GPT4.5 soon. OpenAI’s latest ChatGPT large language model, GPT4.5, could be launching sooner than expected. A purportedly “leaked” screenshot, which has been making the rounds on social media including X (formerly Twitter), shows a description of “GPT […]

Contrary to Jerome Powell’s intimations, inflation is likely to rise in the months ahead. If the Fed does not hike rates in 2024, the problem will get worse. December’s Federal Open Market Committee (FOMC) meeting was a huge boon for markets. Risk assets — including cryptocurrencies — soared as the central bank appeared to take […]

Shakeeb Ahmed, a security engineer who exploited two DeFi apps, has pleaded guilty, according to statements from authorities on Dec. 14. Damian Williams, United States Attorney for the Southern District of New York (SDNY), announced a guilty plea from the perpetrator. He stated: “Five months ago, my Office announced the first ever arrest involving an […]

According to CryptoUK, MPs Andrew Griffith and Lisa Cameron were among the top crypto proponents in the U.K. government. The self-regulatory trade association CryptoUK has reported roughly 5% of all Members of Parliament (MPs) in the United Kingdom have publicly spoken on crypto and blockchain, suggesting a lack of knowledge. In a report released on […]

Matrixport’s research team has observed a significant increase in U.S. money market fund deposits, doubling since the outbreak of Covid-19. This growth, they believe, bodes well for the continued expansion of the crypto asset market. Analysts anticipate that bitcoin will maintain its upward trajectory, regardless of whether a spot exchange-traded fund (ETF) is approved, citing […]

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin […]

Pope Francis called for an international treaty on the regulation of AI in the Vatican’s annual World Day of Peace Message on Dec. 14. The pope stated in his message: “The global scale of artificial intelligence makes it clear that … international organizations can play a decisive role in reaching multilateral agreements … I urge […]