In short Billionaire Jeremy Grantham is skeptical about crypto’s place in the financial world, calling it ‘useless’ and a ‘speculative mechanism’. Grantham …
dismisses
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Finance
Jeremy Grantham Says SpaceX Defines AI Bubble Peak and Dismisses Bitcoin as ‘Unnecessary Nonsense’
by shayaanby shayaanJeremy Grantham, co-founder of Boston-based institutional investment firm GMO, made the comments during a wide-ranging interview on Steven Bartlett’s Youtube series “The …
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Smart Contracts
Elon Musk Loses Again to OpenAI as Judge Dismisses xAI Trade Secret Lawsuit
by shayaanby shayaanIn short A federal judge dismissed xAI’s trade secret lawsuit against OpenAI without leave to amend. Judge Rita Lin ruled that xAI …
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Bitmine, the world’s largest Ethereum treasury, has ramped up its ETH buying during the latest crypto market correction, making the company’s largest …
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Addressing the lawsuit filed by the Wisconsin Department of Justice against Coinbase and four other prediction market platforms, Paul Grewal, chief legal …
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Regulation
SEC admits crypto crackdown went too far ‘headlines’ as it dismisses 7 cases
by shayaanby shayaanIn November 2024, the SEC celebrated 583 enforcement actions and a record $8.2 billion in remedies, saying crypto was proof it could …
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Regulation
California court dismisses Coinbase user’s challenge to IRS summons
by shayaanby shayaanA California court on Wednesday dismissed a Coinbase user’s attempt to block an IRS summons for his financial records, in at least …
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Regulation
CZ says CEXs have ‘zero motive’ to aid terrorists as court dismisses terrorism case
by shayaanby shayaanFormer Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a …
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Finance
Fed’s Neel Kashkari calls crypto ‘utterly useless,’ dismisses stablecoins as ‘buzzword salad’
by shayaanby shayaanNeel Kashkari, president of the Federal Reserve Bank of Minneapolis, offered a blunt take on digital assets, arguing that cryptocurrencies, including bitcoin …
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The U.S. Securities and Exchange Commission has dismissed its civil enforcement action against Gemini Trust Company, LLC, with prejudice. The dismissal follows …