News

Bitcoin ATM Growth Surges in Australia Following Years of False Starts

Bitcoin automated teller machines in Australia have surged in recent years, with the country now the fastest-growing market in the world. There were just 73 Bitcoin ATMs in the country in September 2022. That number has since surged to 1,162 installations, according to data from Coin ATM Radar. It places Australia third in total installs, behind only the U.S. and Canada, whose numbers dwarf that of the island nation, at 31,861 and 3004, respectively. The U.S. has had around the same number of ma...

Tesla, Musk Dodge $258 Billion Dogecoin Lawsuit as Judge Dismisses Case

On Thursday, a federal judge dismissed a class action lawsuit accusing Tesla and its CEO, Elon Musk, of market manipulation through public praise of Dogecoin. The plaintiffs, representing investors who claimed to have lost money due to Musk’s comments on social media in recent years, had sought $86 billion in damages, with a request for triple damages, bringing the total to $258 billion. The lawsuit centered on Musk’s various public statements about Dogecoin, primarily made via posts on X (forme...

OpenAI and Anthropic Open Up to US AI Safety Institute

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has made a deal with top AI developers OpenAI and Anthropic to establish formal collaboration with the U.S. AI Safety Institute (AISI), the agency said on Thursday. The institute would “receive access to major new models from each company prior to and following their public release,” according to the announcement. Anthropic is developing Claude, while OpenAI offers ChatGPT. The arrangement will allow the Inst...

Art Is Not a Security

NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issue...