The SEC asked Coinbase to halt trading of all cryptocurrencies except bitcoin before suing them, indicating the agency wants to assert broader authority over crypto. Coinbase’s CEO said complying would have effectively ended crypto trading in the US. The SEC’s lawsuit identified 13 lightly-traded cryptos on Coinbase as securities, but their earlier request covered all 200+ tokens offered. This suggests the SEC views most cryptocurrencies as deposits under its regulatory purview, not just the 13 cited. However, ether was notably absent from the SEC’s lawsuit against Coinbase and Binance. Crypto oversight has been a gray area between the SEC and CFTC. More SEC oversight would impose stricter compliance standards that could force crypto exchanges to halt operations. The implications for the wider crypto industry, if Coinbase agreed to only offer bitcoin trading, would be severe, likely requiring Congressional intervention.
AI Will Dramatically Impact Many Jobs
According to Cochrane, artificial intelligence is advancing rapidly and will dramatically transform white-collar jobs in the next 1-3 years. Knowledge workers need to start preparing now. The jobs most likely to survive will be big “thinkers” who come up with creative ideas and subject matter experts who can validate AI outputs. More routine “thunking” jobs like creating documents and spreadsheets will likely be automated.
Privacy and Security Breaches Abound
Several stories highlighted the prevalence of privacy and security breaches today. The FBI was using spyware from controversial firm NSO Group despite a US ban. Medicare patient records were breached in a hack of a healthcare contractor. Breaches like these show the constant challenges around protecting user data.
Space Discoveries Excite
On a more upbeat note, Queen guitarist Brian May helped NASA select an asteroid sampling site for its recent mission. May has a new book out about his passion for space science. Also, the Hubble telescope captured a stunning photo of the dense core of stars at the center of our Milky Way galaxy. These stories highlight exciting new space discoveries on the horizon.
Big Tech Dominance and Policy Shifts
Those are some of the topics in the latest episode of the Geek News Central podcast covering many important tech stories and trends on his show.5 Best Godaddy Promo Codes
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- 31:32–FBI investigation reveals using NSO-backed software
- 33:06–Amazon will now share recalls
- 33:43–eBay charged with complaints
- 35:12–SEC sues influencer
- 37:04–Brian May helped NASA
- 30:10–Amazon doubling same-day delivery facilities
- 37:41–SEC will require specific data breaches disclosed
- 38:27–5 ways you can create an online community
- 39:03–What’s the worst iPhone to buy?
- 39:32–When its ok to use AI
- 40:17–Can your GPU be used to track you online?
- 41:13–NASA offers satellite technology to help deforestation
- 42:20–Twitter gets special permission
- 43:24–IPv4 addresses cost too much
- 45:11–Apps that will help you travel safely
- The best types of intelligent gadgets for kids
- 46:23–Google’s privacy can easily be found in Search
- 46:56–Biden to sign an order
- 47:43–The Milky Way’s Disco Ball
- 48:24–August supermoons
- 48:43–A US senator blames Microsoft for Chinese hack
- 24:51–A brief history of AI
- 49:47–SpaceX’s Falcon Heavy
- 50:38–Medicare Patients’ health records were breached
- 51:10–iPhone 15 Pro