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“It’s unclear where we, as a state issuer, would net out in that legislation,” he said. “We are talking to the different teams that are involved with drafting it. We expect to have a voice in the process. I think it’s a step in the right direction to quite quickly put really any legislation in place around the crypto industry.”
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Gensler’s tenure, which began in April 2021, featured high-profile lawsuits against Coinbase and Binance, as well as a crackdown on unregistered securities offerings. His last day of working is Jan. 20.
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Nate Geraci, president of The ETF Store, noted the significance of these filings.
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Earlier this week, asset manager VanEck, on Jan. 15, submitted an application to the SEC for the “Onchain Economy” ETF. According to the filing, the fund aims to invest in a broad range of crypto-focused firms, including software developers, mining companies, exchanges, infrastructure builders, payment providers and other businesses within the cryptocurrency sector.
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China has denied responsibility for the attack, telling Reuters it “firmly opposes the US’s smear attacks against China without any factual basis.”
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Storm is also charged with conspiring to operate an unlicensed money-transmitting business and money laundering conspiracy. He said that this, too, should be scrapped.
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In his motion, Storm argued that the district court said it couldn’t rule on whether Tornado Cash was immutable when it denied his motion to dismiss in September, but the appeals court opinion “decided as a matter of law” that it was.
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Byte Federal said it had discovered the attack on Nov. 18, more than 30 days after it occurred on Sept. 30, with a bad actor exploiting a vulnerability in software provided by a third party.
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Musk has said the company’s ultimate goal is to increase Starship’s payload capacity while reducing launch costs. If SpaceX succeeds, Musk plans to send humans to Mars via dozens of Starships.
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SpaceX’s Starship recently shattered the record for the largest rocket ever launched with its 33 Raptor engines producing a combined total of around 17 million pounds of thrust — nearly double that of NASA’s Space Launch System (SLS) rocket, which puts out about 8.8 million pounds of thrust.
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In related news, launch costs might be on the verge of bottoming out thanks to billionaire mogul and SpaceX CEO Elon Musk’s vision for the human colonization of Mars.
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“Launch costs need to be reduced,” Todd said, adding that if an equity point can be reached between the cost of launching and the potential for profit, “the economics of it might make sense.”
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According to Todd, “There’s nothing fundamentally stopping space mining from being possible.” He does, however, go on to point out that this technological feasibility doesn’t imply that such facilities will actually be built any time soon.
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Moreover, Todd backs up his claims with calculations and simplified explanations that serve to debunk the general idea that it wouldn’t be technologically feasible to put a mining station in space.
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His post challenges assertions that cooling miners in space would be an issue by asserting that the nature of space would allow for radiative cooling — heat dissipation through thermal radiation. He further adds that latency would be manageable to the point at which it would become negligible through a combination of sun-synchronous orbit and proximal positioning.
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However, according to Todd, “These people are wrong,” have “read too much over-simplified pop science,” and “haven’t done the physics for themselves.”
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As Todd put it in his blog post, “Every time this is discussed, people inevitably raise the objections that ‘space isn’t cold,’ ‘keeping things cool in space is almost impossible,’ and ‘latency is too high.’”
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On the technology side, both sides seemingly agree that there are obstacles that would need to be overcome to conduct operations in space even if it were financially feasible to launch such a project.
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Meanwhile, Cardano founder Charles Hoskinson has proposed the integration of Bitcoin with Cardano’s DeFi ecosystem.
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Some of the features of Halo 2 are recursive proofs that allow the breaking down of big problems into a series of simpler problems. This feature is expected to enhance scalability and security.
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