JUST IN: 🇪🇺 EU approves new sanctions on Russian banks, crypto platforms, and oil firms over its war in Ukraine.
The bloc’s 21st sanctions package targets 94 Russian financial institutions, including Moscow’s stock exchange, while banning transactions with more crypto platforms and oil traders.
It also keeps the Russian oil price cap at $44.10 per barrel.
@headlines
The bloc’s 21st sanctions package targets 94 Russian financial institutions, including Moscow’s stock exchange, while banning transactions with more crypto platforms and oil traders.
It also keeps the Russian oil price cap at $44.10 per barrel.
@headlines
JUST IN: India orders to remove Jack Dorsey’s offline Bitcoin messaging app Bitchat.
The government gave GitHub three hours to disable access to Bitchat's code.
It alleges that the Bluetooth messaging app could be used to bypass internet shutdowns and hinder investigations amid the ongoing CJP protests.
"India does not like technologies like Bitchat and wants it taken down," said Dorsey.
@headlines
The government gave GitHub three hours to disable access to Bitchat's code.
It alleges that the Bluetooth messaging app could be used to bypass internet shutdowns and hinder investigations amid the ongoing CJP protests.
"India does not like technologies like Bitchat and wants it taken down," said Dorsey.
@headlines
JJUST IN: Bitcoin ETFs sold $225 million on Thursday
🟠 Weekly inflows remain positive at $275 million
🟠 Still time to close a 3rd consecutive week of inflows
@headlines
🟠 Weekly inflows remain positive at $275 million
🟠 Still time to close a 3rd consecutive week of inflows
@headlines
JUST IN: Senator Lummis says the CLARITY Act defines when a digital asset is no longer a security.
"By defining 'ancillary assets,' we're giving builders a clear path forward instead of years of regulatory guesswork that's driven innovation offshore," Lummis said.
@headlines
"By defining 'ancillary assets,' we're giving builders a clear path forward instead of years of regulatory guesswork that's driven innovation offshore," Lummis said.
@headlines
JUST IN: Clarity Act draft includes rewards for white hat hackers 👀
The proposal had input from J. Christopher Giancarlo, former CFTC Chair. 👏
@headlines
The proposal had input from J. Christopher Giancarlo, former CFTC Chair. 👏
@headlines
🇺🇸JUST IN: The US State Department launches the "Freedom Tech Excellence Program" with the Bitcoin Policy Institute, Palantir, and Anduril as founding partners.
The program will embed private-sector employees in diplomatic efforts focused on digital freedom and counter-surveillance.
@headlines
The program will embed private-sector employees in diplomatic efforts focused on digital freedom and counter-surveillance.
@headlines
⚠️ALERT: North Korean hackers are using fake Zoom calls with AI-generated faces to target crypto wallets.
The group hijacks Telegram accounts of trusted crypto contacts, sends fake meeting links, then scans victims' browser wallets before delivering malware.
Victims see a familiar face on the call, but it's a ChatGPT-generated deepfake superimposed on body movements from previous meetings.
@headlines
The group hijacks Telegram accounts of trusted crypto contacts, sends fake meeting links, then scans victims' browser wallets before delivering malware.
Victims see a familiar face on the call, but it's a ChatGPT-generated deepfake superimposed on body movements from previous meetings.
@headlines
Forwarded from The Finance Journal
Descartes invented the method in 1637. Elon rediscovered it in Silicon Valley.
The results are comparable.
1. Most people reason by analogy. They look at what exists, what the consensus says is possible, and iterate from there. The result is usually just a better version of the same thing – 10% ahead of the field, moving in the same direction as everyone else. This is how industries calcify. This is how the car industry looked at the electric vehicle in 2003 and said: not possible.
2. Descartes’ method was different. Strip everything back to what cannot be doubted. Discard inherited assumptions. Rebuild from the foundations. The method requires not genius but a specific intellectual courage: the willingness to look idiotic while the reconstruction is underway.
3. Elon asked a simple question: why does a laptop battery last 10 hours while an electric car barely covers 100 kilometers? Same physical problem. Different chemistry. The entire impossibility of the electric car was a chemistry choice, not a physical law. First principles, not analogy, revealed this in an afternoon. The consensus was wrong because the consensus had never bothered to check.
4. First principles give you the direction, not the solution. Then come the iterations – the prototypes that fail, the cash burned, the problems nobody had solved because nobody had tried. The Cartesian method is not a shortcut. It is a compass. The road is still the road.
5. Most people stop at the first prototype that fails. The ego interprets failure as refutation. First principles reasoning makes failure informational rather than existential. The battery exploded. Interesting. Why? Fix it. Continue.
6. Descartes sat alone in a heated room in Bavaria and doubted everything until he found what he couldn’t doubt. Three hundred and seventy years later, an engineer in California asked why a car battery couldn’t work like a laptop battery. The method is identical. It requires no special intelligence – only the removal of ego, and the willingness to follow the reasoning wherever it leads, including to conclusions that make you look like a fool for the three to five years before they make you look like a genius.
The Finance Journal📈
The results are comparable.
1. Most people reason by analogy. They look at what exists, what the consensus says is possible, and iterate from there. The result is usually just a better version of the same thing – 10% ahead of the field, moving in the same direction as everyone else. This is how industries calcify. This is how the car industry looked at the electric vehicle in 2003 and said: not possible.
2. Descartes’ method was different. Strip everything back to what cannot be doubted. Discard inherited assumptions. Rebuild from the foundations. The method requires not genius but a specific intellectual courage: the willingness to look idiotic while the reconstruction is underway.
3. Elon asked a simple question: why does a laptop battery last 10 hours while an electric car barely covers 100 kilometers? Same physical problem. Different chemistry. The entire impossibility of the electric car was a chemistry choice, not a physical law. First principles, not analogy, revealed this in an afternoon. The consensus was wrong because the consensus had never bothered to check.
4. First principles give you the direction, not the solution. Then come the iterations – the prototypes that fail, the cash burned, the problems nobody had solved because nobody had tried. The Cartesian method is not a shortcut. It is a compass. The road is still the road.
5. Most people stop at the first prototype that fails. The ego interprets failure as refutation. First principles reasoning makes failure informational rather than existential. The battery exploded. Interesting. Why? Fix it. Continue.
6. Descartes sat alone in a heated room in Bavaria and doubted everything until he found what he couldn’t doubt. Three hundred and seventy years later, an engineer in California asked why a car battery couldn’t work like a laptop battery. The method is identical. It requires no special intelligence – only the removal of ego, and the willingness to follow the reasoning wherever it leads, including to conclusions that make you look like a fool for the three to five years before they make you look like a genius.
The Finance Journal
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JUST IN: Binance's internal Red Team runs monthly phishing attacks on its own employees to assess security awareness.
It sends fake recruitment outreach, free conference invitations, and attempts to collect personal information.
Employees who fail must undergo remedial training.
Binance says security hygiene has "improved significantly" since the program launched four years ago.
@headlines
It sends fake recruitment outreach, free conference invitations, and attempts to collect personal information.
Employees who fail must undergo remedial training.
Binance says security hygiene has "improved significantly" since the program launched four years ago.
@headlines
🇷🇺 JUST IN: $500B Sberbank, Russia's largest bank, plans to launch crypto trading infrastructure by December.
New regulations taking effect September 1 will only allow public trading of cryptocurrencies with an average market cap above $64 BILLION.
@headlines
New regulations taking effect September 1 will only allow public trading of cryptocurrencies with an average market cap above $64 BILLION.
@headlines