Month: May 2024
Save $100 Off the Sony PSVR 2 Gaming Headset for a Limited Time – CNET
Sony’s Days of Play sale is underway and now Amazon and Best Buy are discounting the PSVR 2 headset to celebrate.
Sony’s Days of Play sale is underway and now Amazon and Best Buy are discounting the PSVR 2 headset to celebrate.
OpenAI former safety researcher Jan Leike joins rival AI startup Anthropic
Despite its success in the generative AI space, OpenAI continues to experience the departure of several key members from its leadership team. The latest is Jan Leike, one of the company’s lead safety researchers who resigned earlier this month to
The post OpenAI former safety researcher Jan Leike joins rival AI startup Anthropic first appeared on Tech Startups.
Despite its success in the generative AI space, OpenAI continues to experience the departure of several key members from its leadership team. The latest is Jan Leike, one of the company’s lead safety researchers who resigned earlier this month to […]
The post OpenAI former safety researcher Jan Leike joins rival AI startup Anthropic first appeared on Tech Startups.
Colorado Enacts Right-to-Repair Law for Electronics
Colorado Governor Jared Polis has signed the “Consumer Right to Repair Digital Electronic Equipment” bill into law. The legislation grants consumers the right to repair their own electronic devices, including cell phones, gaming systems, computers, and televisions. According to Polis, the bill will provide Coloradans with the necessary information to repair their own equipment or choose their preferred repair provider, potentially leading to lower prices and faster repairs through increased competition.
State Senator Jeff Bridges, the bill’s prime sponsor, called for the federal government and other states to follow Colorado’s lead, claiming that this bill is the strongest repair legislation in the country. Bridges emphasized that the law addresses issues such as “parts pairing” and repair restrictions that have prevented owners from fixing their devices in the past. The bill expands on Colorado’s previous right-to-repair law for agricultural equipment, which Polis cited as a successful precedent for this new legislation.
Read more of this story at Slashdot.
Colorado Governor Jared Polis has signed the “Consumer Right to Repair Digital Electronic Equipment” bill into law. The legislation grants consumers the right to repair their own electronic devices, including cell phones, gaming systems, computers, and televisions. According to Polis, the bill will provide Coloradans with the necessary information to repair their own equipment or choose their preferred repair provider, potentially leading to lower prices and faster repairs through increased competition.
State Senator Jeff Bridges, the bill’s prime sponsor, called for the federal government and other states to follow Colorado’s lead, claiming that this bill is the strongest repair legislation in the country. Bridges emphasized that the law addresses issues such as “parts pairing” and repair restrictions that have prevented owners from fixing their devices in the past. The bill expands on Colorado’s previous right-to-repair law for agricultural equipment, which Polis cited as a successful precedent for this new legislation.
Read more of this story at Slashdot.
Judge orders SEC to pay crypto firm Debt Box’s legal fees
A U.S. federal judge has ordered the Securities and Exchange Commission (SEC) to pay approximately $1.8 million in legal fees… Continue reading Judge orders SEC to pay crypto firm Debt Box’s legal fees
The post Judge orders SEC to pay crypto firm Debt Box’s legal fees appeared first on ReadWrite.
A U.S. federal judge has ordered the Securities and Exchange Commission (SEC) to pay approximately $1.8 million in legal fees to crypto firm Digital Licensing Inc., also known as Debt Box, after dismissing the SEC’s case against the company without prejudice. This means that the case could potentially be reopened in the future.
Judge Robert Shelby of the Utah District Court ruled in a filing on Tuesday that the SEC must cover the attorney fees and relevant legal costs incurred by Debt Box. The judge also stated that the final amount of fees requested by the defendants and the receiver is reasonable.
In a separate filing on the same day, Judge Shelby dismissed the case without prejudice at the SEC’s request. The Commission argued that this type of dismissal would protect investors and serve the public interest, while not causing legal prejudice to the defendants. Debt Box celebrated the court’s decision in an X post following the order:
The court has imposed sanctions on the SEC, requiring them to cover the attorney fees and costs that D.E.B.T. Box incurred during this legal battle. This is a significant step towards justice and transparency. […] This means the case is closed, and any future action by the SEC would have to go through Judge Shelby.
A long-fought battle
The case began in July 2023 when the SEC filed a complaint accusing Debt Box of defrauding investors of at least $49 million. However, in a March filing, the federal judge criticized the SEC’s conduct in obtaining the temporary restraining order, which included an asset freeze and the appointment of a receiver to take control of the company.
In April, two SEC lawyers leading the case against Debt Box reportedly resigned after the Utah judge stated that the case was “marred by false statements and misrepresentations.” The SEC admitted in December that it had made inaccurate statements and had fallen short of the expectations to be accurate and candid in court.
The SEC’s strongly anti-crypto stance is nothing new. The regulator only approved the first US-listed spot Bitcoin ETFs in January after many years of legal battles with the industry and back-and-forth ETF registrations and refusals. Earlier this month, the SEC also expressed strong disapproval for a recently approved bill widely seen as pro-crypto.
The post Judge orders SEC to pay crypto firm Debt Box’s legal fees appeared first on ReadWrite.
BlackRock’s Bitcoin ETF overtakes Grayscale’s GBTC
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF), IBIT, has overtaken Grayscale’s GBTC to become the largest product of its kind.… Continue reading BlackRock’s Bitcoin ETF overtakes Grayscale’s GBTC
The post BlackRock’s Bitcoin ETF overtakes Grayscale’s GBTC appeared first on ReadWrite.
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF), IBIT, has overtaken Grayscale’s GBTC to become the largest product of its kind.
According to data shared by the company, this shift occurred after IBIT experienced a substantial inflow of $102 million on Tuesday.
As of Wednesday morning, IBIT holds nearly $20 billion worth of Bitcoin, according to its product page. In contrast, Grayscale data shows that GBTC now holds $19.7 billion after experiencing outflows of $105 million on Tuesday. Since its launch in January, IBIT has attracted $16.5 billion in investments, while the Grayscale fund has seen withdrawals amounting to $17 billion.
BlackRock’s commitment to its Bitcoin ETF was further demonstrated on Tuesday when the firm added IBIT to its income and bond-focused funds in the first quarter. The Strategic Income Opportunities Fund (BSIIX) now holds over $3.5 million worth of IBIT, and the Strategic Global Bond Fund (MAWIX) has invested $485,000 in the ETF.
Bitcoin ETFs enjoy bullish sentiment
The recent surge in buying activity for IBIT can be attributed to the bullish sentiment surrounding Bitcoin and the broader crypto market. This positive momentum gained traction following the approval of ether (ETH) ETF listings and renewed support for cryptocurrencies among U.S. political parties.
Prior to May 15, IBIT had experienced low or even zero inflows and recorded its first-ever day of outflows in April, which had led to bearish sentiment. However, the recent developments have marked a significant turnaround for the ETF.
Last week, U.S.-listed spot Bitcoin exchange-traded funds achieved a new record in terms of holdings, with more than 850,000 BTC in custody. This surpassed the previous high of 845,000 BTC recorded in early April.
The SEC approved the first US-listed spot Bitcoin ETFs in January, and investors anticipate that both ETNs and ETFs could open the gateway for mainstream capital to flood the crypto market. Earlier this month, Bitcoin and Ethereum spot ETFs were also launched on the Hong Kong stock exchange.
Bitcoin currently ranks as the top cryptocurrency by market capitalization, valued at $1.335 trillion. The price of BTC stands at $67,774, a decrease of 0.94% over the past 24 hours and 2.98% over the past week.
However, the leading cryptocurrency has seen impressive gains of 8.90% over the past month and a remarkable 142.83% over the past year. Bitcoin’s liquidity is increasing further, with the London Stock Exchange (LSE) having listed Bitcoin and Ethereum (ETH) exchange-traded notes earlier this week.
Bitcoin’s all-time high (ATH) of $73,738 was reached on March 14, 2024, and the current price represents a 7.83% decline from that peak. The 24-hour trading range for BTC was between $67,201 and $68,831, with a market cap change of -0.99% over the same period.
The post BlackRock’s Bitcoin ETF overtakes Grayscale’s GBTC appeared first on ReadWrite.