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View More NewsThe US Department of Justice (DOJ) is seeking forfeiture of more than $61 million in Tether’s USDT stablecoin, alleging the funds came from black-market sales of sanctioned Iranian oil and were intended to finance Iran’s government and military, including the Islamic Revolutionary Guard Corps (IRGC). On Monday, the DOJ alleged that Blessed Trust and Hexa Whale, both incorporated in Hong Kong, used Binance accounts to move proceeds from oil sold to buyers in China. A network of related addresses allegedly received and distributed more than $1.5 billion, including transfers to IRGC-linked money-transfer businesses, cryptocurrency addresses and an Iranian exchange.A Binance spokesperson…
In brief Strategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million between September 8 and 13, funded entirely from its USD Cash reserve. The company bought no Bitcoin for a second straight week, holding steady at 845,050 BTC acquired for $63.73 billion at an average of $75,412 per coin. Roughly $1.05 billion remains under Strategy’s $2 billion digital credit securities repurchase program, alongside $1 billion still available for MSTR stock buybacks. Strategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million in the week to September 13, according to an 8-K filed with the Securities…
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Karl Popper invited us to be clear about the problem we are trying to solve. Testing a claim is not the same as evaluating the character of the person making it, and the latter cannot be asked to stand in for the former. Because it takes cognitive effort to parse data, weigh arguments, and assess logical coherence, we often default to name-calling, ad hominem, and guilt-by-association instead. This is a lazy and unscrupulous way to argue, and it drags down discourse, not least because its prevalence has made it unremarkable.A news item in the Guardian on 31 August by the…
Latest News
In brief Trump told reporters Sunday aboard Air Force One that he likes Flock’s AI cameras because they help law enforcement, his clearest public…
Onchain records show that an $800 million crypto stake that matched Donald Trump’s holding was moved into a vesting contract, locking any sales until…
Bitcoin (BTC) returned to $79,000 after Monday’s Wall Street open as markets dissected mixed signals over the US-Iran war.Key points:Bitcoin rises above $79,000 as…
In brief Microsoft AI published a draft Code of Conduct on September 14 barring its AI models from assisting with certain weapons, cyberattacks, and…
“Given everything happening with safety, right now would be an ill-advised moment to go public,” OpenAI CEO Sam Altman told Fortune. Read the full…
The first murder I witnessed was at age 3, on September 11, 2001. Although I was too young to fully grasp what the burning…
Anthropic’s Dario Amodei, OpenAI’s Sam Altman and Elon Musk have agreed on an unusual position: frontier AI development may need to slow as systems…
Politicians generally operate within their partisan bubbles, as they stake out poll-tested positions that conform to the political lean of their districts and the…
The combined haul equals the largest individual political donations in U.K. history, sharply scaling up crypto industry backing. Read the full article here
The ABA kindly allowed me to post it; it was originally published in Communications Lawyer. It answers a question that I’ve often seen asked, including…
In brief BitMEX co-founder Ben Delo gave Reform UK £36 million on Friday, the largest single donation in British political history. Tether investor Christopher…
My new essay in Civitas Outlook tries to trace modern-day constitutional law to that fateful day twenty-five years ago. Every generation has a defining moment.…