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View More Newsfrom the the-lobbyist-with-the-most-money-wins dept Earlier this year I noted how the Trump FCC, at the direct request of wireless phone giants, destroyed popular phone unlocking rules that would have made it easier and cheaper to switch wireless carriers. The rules, applied via spectrum acquisition and merger conditions after decades of activism, required that Verizon unlock your phone within 60 days after purchase so you could easily switch to competitors. Verizon, as I’ve long established, hates competition, and early last year immediately got to work lobbying the Trump administration to destroy the rules (falsely) claiming, without evidence, that the modest phone unlocking…
TeraWulf began as a bitcoin miner, running warehouses of specialized computers to earn newly issued coins, a business whose margins tightened after last year’s halving cut the mining reward in half. Like several of its peers, it has pointed its power capacity and sites at hosting AI computing instead, where a single tenant on a long lease offers steadier income than the volatile economics of mining. The company still runs a bitcoin operation, but the Anthropic lease and its wider pipeline may now define its value.Meanwhile, TeraWulf added it will sell its entire 50.1% stake in the Abernathy data-center joint…
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I brought a 510-million-year-old trilobite I’d split out of Cambrian shale four hours north of Las Vegas to show a class of eighth graders. I passed it around the room and explained what it was: an ancient arthropod called Bristolia, from the same branch of the tree of life as every insect and crab alive today, that lived in a warm shallow sea that used to cover Nevada. It predated the dinosaurs by 250 million years. It was older than plants on land. It had what was probably the first real compound eyes that ever evolved on Earth—and when I…
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In brief Bernstein analysts kept a $150,000 Bitcoin price forecast in play despite its nearly 50% retrace from all-time highs. Analysts pointed to potential…
“That’s when the deflationary impulse from falling oil prices should remind everyone that the Fed isn’t going to hike and that – if anything…
The decentralized autonomous organization (DAO) behind the Bonk (BONK) memecoin reported that an unknown entity had removed $20 million worth of the tokens in…
In brief BONK suffered a $20 million exploit related to a malicious governance attack. A passed proposal sent 4.4 trillion BONK tokens to an…
NCC The National Constitution Center’s annual Supreme Court Review event is being held on July 7 in Philadelphia. I wanted to highlight it here,…
If bitcoin and Ethereum had been invented on the same day, nobody would have heard of bitcoin. I sold every bitcoin Bit Digital held…
Key takeaways:Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions.Institutional spot Bitcoin flows vastly surpass miner…
In brief Amodei says the era of transparency-first AI regulation is over, and the US needs FAA-style testing requirements for frontier models now. The…
For months now, Congress has been kicking the ball down the road—temporarily postponing the expiration of the mass surveillance authority Section 702 of FISA…
from the calls-are-coming-from-inside-the-house dept The more things change, the more they remain the same. That could be said of anywhere in this country, now…
In a brief filed on Friday, Associate Attorney General Stanley E. Woodward Jr. argues that a lawsuit challenging President Donald Trump’s brazenly corrupt “Anti-Weaponization…
The Coinbase-backed group Stand With Crypto UK called on its 286,000 members to file formal complaints against British retail banks over blanket restrictions on…