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View More NewsShares in NovaBay Pharmaceuticals jumped nearly 19% after the company announced it would change its name to Stablecoin Development Corporation as part of its strategic crypto pivot.NovaBay Pharmaceuticals CEO Michael Kazley said in a statement on Monday that the company’s plan going forward is to access cash flows within the growing stablecoin economy.“The name change to Stablecoin Development Corporation reflects our conviction that stablecoins represent the most compelling structural opportunity in digital finance,” he said.It adds to a wave of companies over the last year that have pivoted to a crypto strategy to improve their fortunes. However, with crypto markets…
One of my favorite hobbies is scanning the Supreme Court’s orders list and trying to figure out why a Justice recuses. Justices Kagan, Sotomayor, and Jackson will indicate whether the recusal is due to prior government service or something to that effect. The other justices offer no explanation at all. Even then, it is usually easy to figure out the recusal. For example, Justice Alito has disclosed the ownership of certain stocks, which will often trigger recusals. In other cases, such as St. Isidore, we can speculate about a recsual due to a personal relationship. But then there are some recusals that…
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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…
Latest News
The Solana Foundation is making a new pitch to large institutions: privacy as a customizable feature, not a trade-off.In a report released on Monday…
The financial regulator’s plan to reinterpret how federal securities laws apply to crypto assets is ”pending review” by the White House’s Office of Management…
In brief A $90K global contest is rewarding AI influencers. Human judges behind top virtual stars are now part of the evaluation panel. An…
from the because-i-got-section-230 dept The internet has been rightfully enjoying videos from the defamation trial against Afroman, a musician known for his humorous songs…
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.…
I WANT FREE MINDS AND FREE MARKETS! Help Reason push back with more of the fact-based reporting we do best. Your support means more…
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…
Prediction markets platform Polymarket says it has now banned and reported users who pressured an Israeli journalist with death threats to amend a news…
In brief Bitcoin is trading above $75,000 ahead of PPI data and the Federal Reserve’s rate decision, breaking a key resistance zone. Forecasts point…