politics

China’s revamped law bans online services that ‘induce addiction’ in kids

Long Wei/VCG via Getty Images China is implementing stricture measures in its bid to keep kids away from addictive digital content. The state-backed news agency Xinhua reported (via Reuters) that China has voted for revamped law that will ban internet products and services which “induce addiction” in kids. Game creators, livestream services and social networks …

China’s revamped law bans online services that ‘induce addiction’ in kids Read More »

UK closes loophole that allowed using your phone while driving

monkeybusinessimages via Getty Images The UK is about to make it clear that you shouldn’t grab your phone while you’re driving — regardless of what you intend to do. The government is closing a legal loophole (via BBC) that allowed people to pick up their phones while driving as long as they weren’t calling or …

UK closes loophole that allowed using your phone while driving Read More »

Cryptocurrency Is Just a Minor Threat to the State

Are cryptocurrencies a new form of money and, if so, do they threaten state power? Our friend Nic Carter has recently commented on these questions in dialogue with the Federal Reserve Bank of New York. We would like to add our perspective and thoughts on this, as we believe there is value to be derived from discussing these matters …

Cryptocurrency Is Just a Minor Threat to the State Read More »

EU reportedly drafts ‘hit list’ of big tech companies to face stricter rules

Budrul Chukrut/SOPA Images/LightRocket via Getty Images It’s no secret that the European Union wants a further crackdown on tech giants, and it may use a simple shortlist to decide which companies face new restrictions. Financial Times sources say the EU is drafting a “hit list” of up to 20 big tech firms that would face …

EU reportedly drafts ‘hit list’ of big tech companies to face stricter rules Read More »

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow

The central bank of Kyrgyzstan has disabled cross-border transactions on the SWIFT financial network amid widespread unrest over the country’s disputed parliamentary elections. Aida Karabaeva, an official representative of the National Bank of the Kyrgyz Republic, announced a temporary suspension of SWIFT in Kyrgyzstan in a statement on Oct. 7. According to Karabaeva, the bank …

Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow Read More »

Instagram starts labeling ‘state-controlled media’ accounts and posts

Wachiwit via Getty Images Over the last week, Instagram has started labeling state-backed media, following through on a policy the company’s parent Facebook announced last October and started implementing on its own social media network this past June.  The labels were first spotted by journalist Casey Michel. Users in the US will see them appear …

Instagram starts labeling ‘state-controlled media’ accounts and posts Read More »

Coinbase Employees Have Begun to Take Severance Packages

Companies can’t become “apolitical” overnight. According to multiple Coinbase workers, the plan to offer a clean exit for mission-dissenting staffers has been in the works for over six months. So far, at least three people in the 1,200-person firm have taken the severance package, one of these sources told CoinDesk on Friday. In the past …

Coinbase Employees Have Begun to Take Severance Packages Read More »

Twitter’s Jack Dorsey takes aim at Coinbase’s apolitical stance

Twitter CEO Jack Dorsey has taken major U.S. crypto exchange Coinbase to task over its open letter to employees published on Sep 28.  The letter, written by Coinbase CEO Brian Armstrong, explained why the firm intends to avoid political and social distractions, and instead focus on its core mission of building an open financial system …

Twitter’s Jack Dorsey takes aim at Coinbase’s apolitical stance Read More »

Coinbase’s New Policy: Anti-Woke or Just a Joke?

CEO Brian Armstrong’s letter has not just the crypto world but the larger world of tech and business talking about the role of corporations in society. Monday, Coinbase CEO Brian Armstrong published the innocuously titled “Coinbase Is a Mission-Driven Company.”  While the post talked a lot about Coinbase’s core mission, its real goal seemed to …

Coinbase’s New Policy: Anti-Woke or Just a Joke? Read More »

Uber can continue operating in London after winning court appeal

Mike Blake / reuters Uber has won the right to continue operating in London. The ride-hailing company was contesting a decision made by Transport for London (TfL) in November last year. The regulator believed that Uber wasn’t “fit and proper” and had shown “a pattern of failures” since entering the city in May 2012. Uber …

Uber can continue operating in London after winning court appeal Read More »