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Everyone expected a Bitcoin investing boom. Why it never came. USA TodayTrump's bitcoin push faces investor doubts as crypto ownership falls and bitcoin prices crash Hindustan TimesBitcoin dropped 2% then rebounded after Trump said he's 'a big crypto guy' — here are experts takes on buying the dip Yahoo FinanceBitcoin Rebound Fuels Investor Debate After Trump's Crypto Endorsement - Forward Guidance Trends dars.gov.et
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Sam Altman says we are in the singularity: 'This is the moment' Business InsiderSam Altman says humanity already in the singularity, warns of AI authoritarianism The Indian ExpressAre we closer to a real-life ‘genie' that grants any wish: Here's what Sam Altman thinks The News InternationalAltman Claims Humanity Has Entered the Technological Singularity ababnews.com
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I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
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