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View More NewsThe company’s STORJ token fell 16% to about 6 cents. Almost $20 million worth of the token changed hands against a market value of about $27 million, meaning close to the entire supply turned over in a day. The token is down 79% over the past year and 98% from its March 2021 peak of $3.81.The restructuring proposal contains a provision rarely seen in bankruptcy: Storj said it plans to share ownership of the reorganized company among management, token holders and investors. Token holders normally have no legal claim on an issuer and receive nothing in a Chapter 11 process.The…
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Three thousand years ago, Homer gave us the face that launched a thousand ships. This weekend, Christopher Nolan gave us the film that launched a million grifts, and he buried them.His Odyssey opened to $124 million domestically and a whopping $264 million worldwide. The haul does not prove the film is good. It does prove that the seven-month social-media campaign against it face-planted the moment real people bought tickets.Their indictment ran on three charges. Nolan cast Lupita Nyong’o, a black actress, as Helen of Troy, the legendary beauty of the ancient world. Elliot Page, the transgender star, was said to…
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In brief Reps. Ted Lieu and Nathaniel Moran introduced the bipartisan AI Kill Switch Act on Thursday, two days after OpenAI admitted its models…
Democratizing weather derivatives with tokenizationThis is where tokenization enters, and where I think the crypto industry has a genuinely important role to play in…
Daily NK reported that North Korea arrested former state cyber operators accused of hacking two state banks and laundering funds through crypto. Read the…
Fidelity called on the US Senate to pass the CLARITY Act, joining industry groups and crypto firms pushing for market structure legislation. Read the…
When I was in college, liberals, not conservatives, were more zealous in defending free speech, when it came to issues like whether pornography ought…
The United Kingdom has imposed sanctions on a group of cryptocurrency exchanges, payment firms and individuals accused of helping Russia evade Western restrictions and…
Bitcoin miner TeraWulf has acquired a large data center development site in the US state of Kentucky, adding significant capacity to its artificial intelligence…
In brief TeraWulf acquired an eastern Kentucky site capable of supporting more than 1 gigawatt of AI and high-performance computing data center capacity. The…
Last week, President Donald Trump settled his own spurious lawsuit against the government he controls by wresting $1.8 billion from the federal treasury to…
Craig Swan’s eyes light up, and his smile widens when he speaks of Bermuda’s ambitions to become the world’s first economy to go fully…
Spain’s gambling regulator blocked local users from Polymarket and Kalshi “as a precautionary measure” as authorities there address allegations the prediction markets platforms were…
In brief Indonesian authorities blocked Polymarket on Friday, citing violations of local gambling laws. The ministry is tracing affiliated social media accounts and warned…