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The top global standard setter for banking regulation -- The Basel Committee for Banking Supervision, a group of global central bankers and regulators -- proposed a strict new rule that would require banks to set aside a dollar in capital for every dollar of bitcoin or other crypto assets they own. Stablecoins (cryptocurrencies pegged to traditional assets) would be subject to lower capital requirements. Continue Reading →

President Biden has issued Executive Order on Protecting Americans’ Sensitive Data from Foreign Adversaries, rescinding the previous administration's Executive Orders, which banned TikTok, WeChat, and other Chinese apps including Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office. Continue Reading →

The crypto markets got hammered over fears that the FBI had recovered the ransom Colonial Pipeline paid in bitcoin (true), and, therefore, all crypto can be easily hacked (false). The FUD is still rampant, and the depth and breath of misinformation and misunderstanding about the hackability of cryptocurrency is profound. Continue Reading →

Apple's Worldwide Developer Conference (WWDC) kicked off on Monday with a keynote showing off new operating systems for all of its hardware. Here's everything you need to know. Continue Reading →

Mike Novogratz has a good reason to believe that crypto is valuable. In March 2021, he revealed that cryptocurrencies made up nearly 85% ($4.8 billion) of his $5.65 billion net worth. But is crypto useful? Continue Reading →

The NFT marketplace peaked on May 3, when $102 million worth were sold in a single day. Crypto-collectibles accounted for $100 million of those sales, but according to data analyzed by Protos, just $19.4 million in NFT sales (including $9.2 million in crypto-collectibles) were processed in the past week: a near-90% collapse from the market's peak just one month ago. Continue Reading →

Cybersecurity firm NortonLifeLock will add a cryptocurrency mining feature to its Norton 360 platform. The test group of customers will be able to mine ether (ETH), the second most popular cryptocurrency after bitcoin (BTC). Continue Reading →

I have often wondered which would be worse: a world where social media platforms are not held responsible for the content people post, or a world where they are. This "thought experiment" just became less hypothetical, as Twitter is testing three levels of warning labels for tweets its algorithm scores as potentially containing misinformation: "Get the latest," "Stay Informed," and "Misleading." Continue Reading →

If you have an Alexa-enabled device or any Amazon device that is Amazon Sidewalk-capable, you are automatically opted in to sharing up to 80Kbps (capped at 500MB per month) of your WiFi network with Amazon and your neighbors. After I tell you how to opt-out, I'll tell you what it is and why Amazon thinks it's a good idea. If you want to use the service and lend part of your WiFi network to Jeff Bezos, you don't need to do anything. You are opted-in unless you do the following. Continue Reading →

The moment comes when you realize there's real money in your crypto wallet and you start wondering about hackers and ransomware and all kinds of bad stuff. If you've set up a digital wallet, bought some crypto, and collected a few NFTs and you're starting to trade across a range of marketplaces and exchanges, you are starting to experience the exceptional financial freedom the world of DeFi has to offer. Of course, there's a catch… Now, you're also in charge of guarding the treasury. Continue Reading →