Republicans seek new oversight of online speech while boosting AI

Republican legislators have introduced legislation during last week which could give the federal government a closer understanding of certain technological platforms, while stimulating government control over artificial intelligence. The bill on the budget reconciliation of the Chamber and Trade Committee led by Les Républicains was presented on Tuesday and would give the federal government the…

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Bitcoin Surpasses $100,000 as Political Optimism Drives Gains

Bitcoin prices have repeatedly climbed above $100,000 today. (Photo illustration by Chesnot/Getty … (+) photos) Getty Images Bitcoin prices surpassed $100,000 on Wednesday, January 15, recovering from their recent fall below $90,000, as anticipation of crucial policy decisions propelled the digital currency higher. The world’s most valuable digital currency by market value surpassed $100,700 around…

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Custody of cryptocurrencies becomes a land grab for FinTech and non-banks

In traditional finance, custody is almost invisible. A custodian bank can hold trillions of dollars in securities, ensuring that ownership records are accurate and assets cannot be misappropriated. These institutions are regulated, insured and audited. The custody of cryptocurrencies traditionally takes place in a different universe. In blockchain, owning digital assets means controlling a private…

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