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View More NewsFrom Jane Bambauer’s and my brief in Patterson v. Meta Platforms, Inc., pending now before New York’s highest court (for more on the case, see the lower court opinions)—many thanks to our excellent local counsel Vivek Tata, Molly O’Keefe, and Alastair Pearson (Elsberg, Baker & Maruri PLLC) for all their help with the brief: [* * *] Plaintiffs-Appellants are suing Defendants-Respondents because Defendants-Respondents hosted and displayed to users what appears to be constitutionally protected third-party speech. Such a theory of liability is inconsistent with the First Amendment, as many cases rejecting negligence liability based on the communicative impact of speech…
In brief OFAC designated Shelbit Exchange and Aban Tether, accusing both of moving funds for the Iranian armed forces and previously sanctioned Iranian exchanges. Treasury says Iran-linked wallets sent over $1 million to Shelbit, which sent more than $2 million back. The State Department is offering up to $15 million for tips disrupting the Iranian military’s financial machinery. The U.S. Treasury just sanctioned two crypto exchanges it says laundered millions for Iran’s Revolutionary Guard—naming one operator who ran the scheme from Georgia and the UAE, and a second platform based in Iran.OFAC announced the action on August 7 under its…
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In what we know as the Middle East, a dramatic jump in the emerging pattern of human violence took place around 5500 BCE, the primary evidence being circumvallation, the construction of walled fortifications around population centres.Circumvallation was not unprecedented. The massive and fabled walls of Jericho appeared around 8000 BCE. Twelve feet high and six feet thick, an estimated 1,800 feet in circumference, the walls were a mute indicator of both the place’s unprecedented wealth—perhaps derived from trading Dead Sea salt—and the need to protect it. But these fortifications stood alone for 2,500 years; and then, rather suddenly, equivalents began…
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The company’s deteriorating financial performance compounded these concerns. BitMEX continued to lose market share throughout the sale process as trading activity migrated to larger…
At first glance, this week’s biggest business stories could have come straight from Wall Street. BlackRock launched tokenized money market funds for stablecoin reserves.…
In brief Hackers are using BNB Smart Chain contracts to store malware instructions. Fake CAPTCHA prompts tell victims to paste malicious commands into Windows…
from the what-third-branch? dept There are many ways to describe the Trump Era, but the executive branch’s conviction that it can simply ignore the…
Nasdaq has moved closer to offering cash-settled bitcoin BTC$77,386.64 index options, a move set to democratize crypto risk management and eliminate legacy operational barriers.Last…
Artificial intelligence agents settling payments have gone from concept to reality in the last 12 months, with $73 million settled across 176 million transactions…
Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of…
The US Securities and Exchange Commission has reportedly postponed its plan to allow trading of tokenized stocks after stock exchange officials raised concerns over…
Just last year, Justice Elana Kagan wrote for a unanimous Supreme Court in Smith & Wesson Brands v. Estados Unidos Mexicanos that “the AR–15…
Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for…
Milla74/Dreamstime Last week, I participated in a Cato Institute an online event on “Trump v. Barbara: Birthright Citizenship at the Supreme Court.” The other…
Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the…