Author: RedWave Media
AP Image FILE – A Food and Drug Administration sign is displayed outside its offices in Silver Spring, Maryland, Dec. 10, 2020. Under government rules fiercely opposed by the testing industry, makers of thousands of medical tests that have long escaped oversight must prove they produce accurate results. The regulations, finalized Monday, April 29, 2024, will bring laboratory-developed tests under FDA control. The FDA has warned of growing risks to patients from the multi-billion-dollar industry. (AP Photo/Manuel Balce Senatar, File) A team leader at the U.S. Food and Drug Administration (FDA) has recommended approval of puberty-suppressing drugs for minors who…
The Evolution of Cryptocurrency Regulation: A Perspective from Joey Garcia of Xapo BankIn a recent interview, Joey Garcia, director and head of regulatory affairs and public affairs at bitcoin-focused Xapo Bank, shared his journey and insights into the evolution of digital asset regulation. Together with CryptoSlate senior analyst James Van Straten, Garcia detailed the challenges and milestones in shaping the regulatory framework for digital assets.The early days of cryptocurrency regulationJoey Garcia's journey with Xapo Bank began in 2014 when he met digital asset industry luminary Wences Casares, who approached Garcia with the idea of establishing a regulatory framework for cryptocurrencies…
“And as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my Administration, the United States of America, to retain 100% of all Bitcoin that the United States Government currently holds or acquires in the future,” Trump said. “I wish you all the best. This will effectively become the core of the nation's strategic Bitcoin stockpile.”
MicroStrategy posted a net loss of $123 million in the second quarter, an improvement from a loss of $137 million in the previous quarter.The company narrowed its quarterly loss due to lower impairment losses and a strategic increase in its Bitcoin holdings, which now total 226,500 BTC.Following the earnings release, MicroStrategy's stock price was up 4.18% in after-hours trading at the time of writing, reflecting investor confidence in the company's strategic direction and financial performance.Adjusted loss per share for the quarter was $7.62, slightly better than a loss of $8.26 per share in the prior quarter. By comparison, the company…
AP Image Newly released footage in the assassination attempt on former President Donald Trump shows a shadowy figure running across the roof of the American Glass Research (AGR) building where attempted assassin Thomas Matthew Crooks wounded the Republican presidential candidate.And bizarrely, the video was taken from the smartphone camera of James Copenhaver, one of two people injured by Crooks, who also killed firefighter Corey Comperatore.The Secret Service has been under fire since Crooks tried to assassinate President Trump on July 13, and the new findings in the shocking murder attempt are unlikely to make things any better. One reason is…
Selwyn Duke “'When I use a word,' said Humpty Dumpty disdainfully, 'it means just what I choose it to mean, and nothing more, and nothing less.'” — Lewis Carroll, Through the Looking-GlassHumans can't communicate telepathically, but we do, as a rule, use a common language with widely agreed-upon terms. And we don't arbitrarily change definitions. And if someone told you that their dog could enter the frog races at your county fair, you'd probably consider them a straightjacket target, even if they were happy that “dog” meant “dog” when they entered their dog in the Westminster Kennel Club Dog Show.…
simonkr/iStock/Getty Images Plus Broward County Public Schools in southern Florida on Tuesday suspended a staff member who allowed her transgender teenage daughter to play volleyball as a woman. Jessica Norton, a computer information specialist at Monarch High School who also coaches the girls' volleyball team, was suspended for violating the Florida Women's Sports Fairness Act, which was signed into law in 2021 by Gov. Ron DeSantis.The boy, now 16, began taking puberty-suppressing drugs when he was 11. He now takes estrogen to enhance his feminine features but has not yet had surgery. Norton and his family are plaintiffs in a…
CleanSpark announced in a press release on Thursday that it has acquired Wyoming's first bitcoin mining site. The company has signed contracts for 75 megawatts of power, with the first site expecting 30 megawatts to be operational by the end of 2024. The second site will add an additional 45 MW to CleanSpark's Wyoming hashrate. CleanSpark announced that it has signed a 75-megawatt power contract and acquired a new 30-megawatt bitcoin mining site in Cheyenne, Wyoming, adding to its growing power generation capacity. This is the company's first facility at the location, and when operational, CleanSpark announced that it will…
Injective Blockchain stakers approved the “Altaris Mainnet Upgrade Proposal” (aka “IIP-420”) on Thursday, with the upgrade's rollout beginning shortly thereafter, according to a social media post from the project. In a message to Protocol Village, the team described Altaris as “a major update that will enhance the experience for traders, stakers, developers and end users.” “This includes marketplace enhancements such as an advanced RWA oracle for expanded tokenized offerings, an improved INJ Burn Auction mechanism, and perpetual market launch permissions for our native DEX. Altaris also introduces SDKs in Python, Go and TypeScript for developers, enhanced interoperability with IBC hooks,…
Douglas Lissing/iStock/Getty Images Plus The Bureau of Labor Statistics said Thursday that people are being laid off at the fastest pace since last summer. It comes after payroll and human resources firm ADP reported Wednesday that new job growth had come to a near halt. Both reports underscore the Federal Reserve's success in slowing the economy.New state claims for unemployment insurance rose by 14,000 last week, the highest level since August 2023. Meanwhile, payrolls grew by just 122,000 in July, the slowest pace since January.Most telling is a privately-held report from global outplacement firm Challenger, Gray & Christmas, which found…
