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View More NewsWhat is proof-of-reserves? At its core, proof-of-reserves is a public demonstration that a custodian holds the assets it claims to hold on behalf of users, typically using cryptographic methods and onchain transparency.If every crypto exchange can publish a proof-of-reserves (PoR) report, why can withdrawals still be delayed or halted during a crisis?The truth is that proof-of-reserves is not a trust guarantee. It shows whether verifiable assets exist on a platform at a single point in time, but it does not confirm that the platform is solvent, liquid or governed by controls that prevent hidden risk.But even when executed properly, PoR…
Currently being briefed before the U.S. Supreme Court on the merits is a test of the federal statutory ban, with severe felony penalties, for any marijuana “user” who possess a firearm or even a single round of ammunition. 18 U.S.C. sec. 922(g)(3). The Supreme Court’s docket page is here. And here is the amicus brief I coauthored on behalf of the National Rifle Association, FPC Action Foundation, and Independence Institute (where I work). The lead author was NRA’s litigation director Joseph Greenlee. As always in a Greenlee brief, the originalist legal history is complete and impeccable. Below is the Summary…
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Inflation is stubbornly refusing to be vanquished by presidential edict. Prices paid to domestic producers for their goods jumped by 0.5 percent during December, according to Department of Labor data released Friday morning. That surge in higher wholesale prices brought…
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Xi Jinping purges a million officials a year. China’s president finds corruption wherever he looks for it, like a Grand Inquisitor rooting out heresy. Lately, his fury has turned to members of the military command, and on 24 January, the great purge finally reached its zenith—a moment described by Dennis Wilder, former China analyst at the CIA, as “the most stunning development in Chinese politics since the early days of Xi’s rise to power.”As vice-chairman of the Central Military Commission, which heads the armed forces of the Chinese Communist Party (not of China, which has no army), Zhang Youxia was…
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from the modern-state-television dept If you’ve been napping, Trump-allied billionaire Larry Ellison and his nepobaby son David hired an unqualified troll named Bari Weiss…
Bitcoin’s BTC$84,126.28 sell-off late this week might have had little to do with crypto-specific factors and instead everything to do with the U.S. dollar.After…
The European Commission said it will send formal notices to 12 countries for failing to fully implement the EU’s tax reporting rules for digital…
In brief Tech investor Cathie Wood said Thursday that gold is the real asset bubble, not AI. Her comments came a day before gold…
In brief The Federal Reserve left its benchmark interest rate unchanged. Two members of the FOMC dissented from the decision. The central bank affirmed…
Federal immigration enforcement officers have flooded into Minneapolis, bringing mass chaos and the deaths of two bystanders. At issue is Minneapolis’ status as a…
The White House will meet with representatives from crypto companies and traditional banks in the coming days to work on stablecoin yield concerns in…
Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as…
In brief Coinbase launched its own prediction market for users in all 50 American states. Users can make trades using U.S. dollars or USDC…
Gregory Bovino, the United States Border Protection commander at large and head of “Operation Metro Surge,” the ongoing immigration crackdown in Minneapolis, was reassigned…
World Network (formerly Worldcoin) WLD token surged more than 27% on Wednesday after a Forbes report linked the controversial crypto project to OpenAI’s broader…
Bitcoin treasury company Strive said it has retired 92% of the debt it inherited after acquiring Semler Scientific earlier this month, and bought another…
