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How Kamala Harris Could Usher in a Clean Slate for Crypto Regulation
She may not be appearing at Bitcoin Nashville this year alongside Donald Trump. But, if elected president, Kamala Harris could reshape the U.S.'s policy on digital assets. Penn State Dickinson Law professor Tonya Evans sketches out what could (and should) be her agenda.
$GREED 2.0: A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes
"In Sh*tcoin Season, any pointless cryptocurrency with a Twitter account can enchant thousands of traders into playing memecoin musical chairs. Throwing money at the wall and reason out the window, they let greed get the best of them. Sometimes literally." That is how I started my May 2023 story about $GREED, a social experiment that duped crypto traders hoping to score a quick buck into embarrassing themselves on Twitter (now X). It was a lesson in good judgment disguised as a money-making opportunity. The story's moral did not stick. In less than a year, speculators' memecoin greed prompted them to once again trade their good judgment for too-good-to-be-true returns. Presale scammers pitching exclusive memecoins earlier this year stole $122 million from wannabe get-rich-quick degens, according to on-chain sleuth ZackXBT. I was interested to see how much SOL has been sent as a result of the presale meta and calculated >655,000 SOL ($122.5M) raised from 27 presales. pic.twitter.com/dvsW4TSoov
Crypto for Advisors: Making Sense of Crypto
As the momentum of the crypto and blockchain industry continues to grow, securities advisors are undoubtedly facing a greater number of questions from clients about specific crypto assets and the projects which underlie them. Evaluating these projects requires a thorough understanding of several crucial factors to ensure informed investment decisions.
Morpheus, Decentralized AI Project From Lumerin, Goes Live on Arbitrum Test Network
Lumerin, a protocol on the Arbitrum blockchain, announced that its new Morpheus project for decentralized AI computing will go live Friday on a public test network. The premise of the technology is to avoid pitfalls of centralized AI models, which might be prone to censorship or monopoly control, according to a press release shared exclusively with CoinDesk on Thursday. The project relies on "personal AIs," referred to as "smart agents," which could be paid for using cryptocurrencies, according to the release. It is being deployed on Arbitrum's Sepolia test network. "The new Morpheus public testnet will be used to decentralize and more efficiently allocate AI compute power across the Morpheus AI network and enable users to engage in a decentralized Chat GPT-like interface," Lumerin said.
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation's junior Home Minister Nityanand Rai said to parliament on Wednesday.
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