Fed rate hikes won’t bring down gas prices. Why the bond market is pushing for them anyway.
The 10year Treasury yield is sitting on the doorstep of 5%, and that’s a warning sign for stocks. Source:MarketWatch
Is Clarity dead? A vibes-based analysis: State of Crypto
I dunno, flip a coin. Source:CoinDesk
Quantum-proof blockchain: why math, not machines, holds the key
lockchains don’t need quantum computers to be quantumsafe, argues Optimum cofounder and MIT professor Muriel Médard. Classic math already gives us the tools.…
Corporate profit forecasts are topping expectations to an unusual degree. AI is a big reason why.
The informationtechnology sector stands out when it comes to issuing upbeat earnings outlooks. Source:MarketWatch
The price of almost everything on your dinner table is climbing at once — and Wall Street is taking notice
Rising crop prices are making the current inflation problem bigger than just oil and the Iran war. Source:MarketWatch
Fed rate hike is about Wall Street, not inflation, says economist
Goldman Sachs late Friday became the last of the major banks to retract its forecast of no rate hike next week. Source:CoinDesk
Crypto's Clarity Act is a Schrödinger's cat in life-death limbo as U.S. Senate returns
The crypto industry eagerly awaits a September 15 vote, though it might not happen. Or maybe it will. Or it might get delayed or reappear in some other form.…
Anthropic chief urges slowdown in AI development to safer pace
OpenAI CEO Sam Altman agrees with safety concerns regarding AI development, says no initial share sale this year. Source:Cointelegraph
Revolut says customer data exposed through fake government email
Passports, selfies and financial transaction histories of some customers were revealed to a fraudster using a government agency domain. Source:Cointelegraph
Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year
Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘illadvised’ time for the ChatGPT creator to go public Source:MarketWatch
OpenAI IPO won't happen this year, says Sam Altman
"Given everything happening with safety, right now would be an illadvised moment to go public," OpenAI CEO Sam Altman told Fortune. Source:CoinDesk
Bitcoin Suisse plans to cut up to half its Swiss jobs as it shifts work abroad
The company is closing its Copenhagen IT site while maintaining Bratislava and opening a new hub in Vietnam to reduce costs. Source:CoinDesk