Author: Coindesk

In the late 1990s and early 2000s, companies began moving away from outdated operational technology and embracing the benefits of the World Wide Web and email en masse. Transitioning from fax to email and filing cabinets to cloud storage, those who lived through this technological revolution can remember the arduous onboarding and clunky changeover. Over recent years, employees across all industries have been keeping up with the rapid changes taking place, such as incorporating instant messaging, generative AI, time tracking, multi-factor authentication — the list is endless. But we are so eager to forget the lessons learned and our impressive…

“With increasing interest in tokenized real world assets, WisdomTree Connect opens up additional business-to-business (B2B) and business-to-business-to-consumer (B2B2C) opportunities for WisdomTree to provide access to digital funds to on-chain firms without leaving the ecosystem,” Will Peck, head of digital assets at WisdomTree, said in a statement. Read the full article here

Trump made the stop at the Manhattan bar ahead of his rally in Long Island on Wednesday. A Fox News video shows the Republican nominee entering the pub and then, with PubKey staff’s assistance, completing a transaction, becoming the first U.S. president, sitting or former, to publicly use the Bitcoin network. Trump bought burgers at the bar, according to a PubKey social media post. Read the full article here

“The SEC also alleges that Rari Capital and its co-founders misleadingly touted the high annual percentage yield that investors would earn, but they failed to account for various fees and, ultimately, a significant percentage of Earn pool investors lost money on their investments,” the agency said in a release. Read the full article here

Civic, developer of a tokenized identity solution on the verifiable web, has partnered with Rentality, described as the first Web3 car rental platform, “to securely verify drivers’ licenses and enforce age minimums on the Base network.” According to the team: “Using Civic’s ID Verification Pass, users can verify licenses virtually, streamlining the car rental process. This solution enhances security, trust and compliance in car rentals and peer-to-peer marketplaces by eliminating the need for physical verification and reducing friction in the transaction, setting a new standard for secure rentals.” Read the full article here

So, the question is whether they’re going to do 25 basis points or 50 basis points. I, at a high level, think that they should not be raising rates. I believe that the U.S. economy is quite strong. If you’ve seen the GDP prints over the last eight or nine quarters, it’s been consistent growth. The U.S. government continues to spend an insane amount of money, which is keeping economic growth at a very fast pace. And, obviously, that helps with the re-election chances or election chances of Kamala Harris and her running mate which I think is the goal…

Cryptocurrency-related stocks also advanced on Wednesday after the rate cut. MicroStrategy (MSTR) was up 3.6% through the day, while shares of crypto exchange Coinbase (COIN) and investment firm Galaxy (GLXY) gained 2%-3%. Bitcoin miners Marathon Digital and Riot Platform were up 1.6% and 3%, respectively, while TeraWulf (WULF), Bit Digital (BTBT) and Core Scientific (CORZ) led the rally with some 7% gains. Read the full article here

The U.S. Securities and Exchange Commission was hammered for two hours in a congressional hearing on Wednesday in which the witness list predominantly included agency critics, including former Commissioner Daniel Gallagher, who is now at Robinhood. Read the full article here

Fair AI is the amalgamation of technologies and economic incentives that, together, ensures AI evolves in a way that is beneficial to everyone who enables or uses it. There are some core principles to Fair AI — ownership, permission, and fair compensation. Specifically, fair compensation for the contribution of data, compute, and content to datasets. Consider this example — a user could give permission to contribute their data from their social profile – say, Twitter/X. This is not dissimilar from the process that happens when you give certain applications access to your calendar. These contributions create new datasets for developers…

According to Fed funds futures, the market is currently pricing 100 basis points of rate cuts this year, which means the benchmark borrowing cost will drop to 4.5% by the year-end. Still, that is an attractive yield compared to passively holding stablecoins, Deschatres quipped. Read the full article here