Twenty-five Fields Medal recipients have voiced opposition to the race among AI companies to solve complex mathematical problems. In a joint statement, they warned that using such results to showcase model capabilities could harm science and researcher training. Signatories include Terence Tao, Peter Scholze, Maryna Viazovska, and Maxim Kontsevich. Tao explained that the document was […]
BitMEX co-founder Ben Delo has announced a £36 million (approximately $48.7 million) donation to the UK political party Reform UK, led by Nigel Farage. This marks the largest single donation to a political party in the country’s history, according to The Telegraph. Source: The Telegraph. In discussions with journalists, Delo explained that he wants to […]
On September 9, lawyer Steven Aarons was fined $5,000 for submitting appeal documents containing fabricated testimony generated by the ChatGPT chatbot. This was stated in a decision by the New Mexico Supreme Court. Aarons represented Oscar Rene Sandoval, who was sentenced in February 2025 to life imprisonment for the murder of Shirin Al-Jibouri and an […]
This week’s “Deconstruction” focuses on the widespread adoption of digital currencies in the MENA region, infrastructure vulnerabilities in crypto projects, manipulation of the LAPTOP token, and the development of the tokenized assets market. MENA’s Shift to Alternative Finance In the Middle East and North Africa, cryptocurrencies are rapidly becoming the norm due to macroeconomic pressures. […]
Citadel Securities has called for the SEC to oversee prediction markets involving bets on the performance of public companies. These contracts pay out based on a company’s achievement of specific metrics. The market maker highlighted the risk of insider trading and opposed the launch of such instruments through the CFTC’s simplified procedure, bypassing securities regulations.
In August, the U.S. Consumer Price Index (CPI) increased by 0.4% following a 0.1% rise in July. After the inflation data release, Bitcoin sharply fell to $76,000 but fully recovered within the next half hour. According to the BLS, annual inflation remained at 3.4%. The core CPI, excluding food and energy prices, rose by 0.3% […]
The Albuquerque City Council in New Mexico, USA, has banned crypto ATMs and digital asset transactions through cashiers. Once the ordinance takes effect, operators must immediately disable the machines and remove them within 45 days. The new regulation prohibits the installation, operation, maintenance, and placement of crypto ATMs within the city. The restriction applies to […]
OpenAI has reached out to members of the U.S. Congress to clarify whether a coordinated slowdown in the development of advanced AI models would violate antitrust laws. This was reported by WIRED, citing sources close to the company. The issue arises because OpenAI, Anthropic, Google, and other industry players are competitors. An agreement among them […]
Polymarket and Kalshi have not obtained the authorizations typically required to sell event-outcome contracts in the European Union, the European Securities and Markets Authority (ESMA) said. Both platforms block trading only for users from certain EU countries. The regulator questioned this approach: “It is unclear why not all EU member states are included on the […]
On September 10, India introduced Demat 2.0, a pilot project for issuing tokenized corporate bonds with settlements in digital rupees. The launch was announced by the Securities and Exchange Board of India (SEBI). The initiative was developed in collaboration with the Reserve Bank of India (RBI) and unveiled at the Global Fintech Fest in Mumbai. […]