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View More NewsStripe’s newly launched Machine Payments Protocol (MPP) could mark a turning point for micropayments — a long-promised but underutilized use case in crypto and beyond — as AI agents reshape how transactions are made.That’s the key takeaway from newly published analysis by Forrester senior analyst Meng Liu, who argues that MPP may succeed where decades of earlier efforts failed.Introduced earlier this month, MPP enables AI agents to execute transactions automatically, removing the need for human approval at each step. It is described as an open protocol for coordinating payments between AI agents and services. Liu frames this as a structural…
Backpack Exchange, a Solana-based cryptocurrency trading platform, launched on Monday its native token, BP, detailing a token generation event (TGE) that includes a mix of user distribution, lockups and a mechanism tied to company equity.At launch, 25% of the token’s 1 billion total supply—around 250 million BP—will be distributed, primarily through an airdrop to existing users. Most of that allocation is set aside for participants in Backpack’s points program, with a smaller portion reserved for holders of its “Mad Lads NFT collection.”The company said no tokens have been allocated to founders, team members or investors at inception, a departure from…
AI & Crypto
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From Justice Sotomayor’s dissent from the denial of certiorari today in Villarreal v. Alaniz, which strikes me as quite persuasive:To defeat a claim of qualified immunity, an individual must show that an official violated her constitutional rights, and that the…
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A review of The West: A New History in Fourteen Lives by Naoíse Mac Sweeney, 448 pages, Dutton (May 2023).At the 2019 Annual Meeting of the Society for Classical Studies in San Diego, California, independent scholar Mary Frances Williams stood up at the end of a panel on “the future of classics,” and suggested that classicists should view their field as the study of the foundations of Western civilisation. Classics “matters,” she went on, “because it’s the West.” Sarah Bond, a professor at the University of Iowa, cut in, declaring that ‘‘Western civilisation is a construct—a complete construction.”Since then, how…
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In brief Adam Schiff and John Curtis plan to introduce a bipartisan bill banning sports-related prediction markets. The proposal targets platforms like Kalshi and…
NovaBay Pharmaceuticals (NBY) — a nanocap with a market capitalization of about $30 million — has renamed itself Stablecoin Development Corporation and changed its…
US Senators Adam Schiff and John Curtis are expected to introduce a bipartisan bill on Monday that would bar sports betting and “casino-style” contracts…
The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets…
In brief Three Tennessee minors have sued xAI, alleging Grok generated CSAM from their real photos and spread it online, causing severe harm. The…
Law enforcement agencies from the U.S., U.K. and Canada started a joint initiative called Operation Atlantic aimed at disrupting cryptocurrency fraud schemes known as…
US President Donald Trump has again pressured the Federal Reserve to cut interest rates immediately, saying at a White House meeting that they should…
In brief The former LASD deputy was sentenced in a federal extortion case tied to crypto “Godfather” figure Adam Iza. The case details how…
from the if-the-knock-off-shoe-fits dept Normally, a post about the signing of an NFL free agent wouldn’t make it anywhere near these here Techdirt pages.…
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Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury firm, bought 60,999 ether (ETH) last week as it continues to build up its holdings of…
