• Commentary,  Media,  People

    Did Cameron Winklevoss Libel Barry Silbert?

    Exceptionally nasty spat has Gemini chief accusing Genesis head of ‘fraud’

    The crypto world is abuzz about the can’t-look-away anger between Cameron Winklevoss and Gemini on one side versus Barry Silbert and Genesis on the other. As fun as it would be to see this cage match as the undercard on a Musk-Zuckerberg UFC dream bout, it will actually unfold in a courtroom in State Supreme Court in Manhattan sometime this fall. Last Friday, Gemini sued Genesis, claiming that “Defendants DCG and Silbert engaged in a fraudulent scheme to induce a variety of depositors, including Gemini users for whom Gemini acted as custodian and agent, to continue to lend huge amounts of cryptocurrency and U.S. Dollars to DCG’s subsidiary Genesis Global…

  • Opinion,  Uncategorized

    Harnessing AI’s Limitless Potential

    Head of Machine Learning at Iterate.ai Calls for Less Hysteria, More Nuance

    The recent op-ed published by The New York Times, “The AI Duopoly: Microsoft and Google’s Stranglehold on Our Future,” makes clear that a more balanced discourse around artificial intelligence (AI) and its impact on society is warranted. While Daron Acemoglu and Simon Johnson present a dire and pessimistic view of AI as a tool wielded primarily by Big Tech, the reality is that AI holds vast potential for diverse actors and contexts. Like all technological advancements, AI is not solely the domain of a few tech giants but a catalyst of innovation for businesses of all sizes. With a thoughtful approach and careful implementation, AI can help level the playing field, enabling…

  • Commentary,  Opinion,  Regulation

    Crypto’s Illness: Regulatory Reluctance

    Pending court decisions challenge SEC’s failed ‘regulation by enforcement’ strategy

    The U.S. crypto industry has been learning a rough lesson in regulatory compliance in the past few months. With fines, cease and desist orders, agency warnings, and traditional finance counterparties withdrawing from the industry, it is becoming increasingly apparent that crypto has a compounding problem. Press play to hear a narrated version of this story, presented by AudioHopper. The origin of this isn’t FTX, Voyager Digital, Terra Luna, or any other of the business failures or frauds of 2022. Those are symptoms of another disease. The sickness that’s causing crypto to fumble in front of U.S. regulators and counterparties goes all the way back to the founding principles of Bitcoin…

  • Commentary,  Opinion

    How the Lessons of Enron and Theranos can Inform Crypto Investors

    Luna Terra / UST scandal proves we’ve still got plenty of hubris

    Business leaders and investors are naturally drawn to the next big thing. Being an early investor in an exciting project can bring not only massive returns, but it can also bring much needed innovation and credibility to your investment portfolio. What if you are the first to see promise in the next Bitcoin? However, for every exciting new venture, there are just as many fraudulent companies. The collapse of Enron, the mortgage-backed security failures, Theranos, and the massive swings in the crypto market are the direct consequence of ignoring the fundamentals and riding the hype, greed, and ignorance train. Despite the naysayers and FUD surrounding it, blockchain technology and crypto…