Senate Democrats Block GENIUS Act Over Trump Ties and Crypto Regulation Gaps

Senate Democrats recently blocked a significant cryptocurrency regulation bill, the GENIUS Act, which aimed to regulate “stablecoins,” a type of digital currency tied to the US dollar’s value. Despite months of negotiations between Democrats and Republicans, the final vote tallied at 49-48, with Republican Senators Rand Paul and Josh Hawley joining Democrats in voting against…

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Microsoft Introduces Phi-4-Reasoning-Plus to Advance Scalable Structured Thinking in Open AI Models

Microsoft Research has introduced Phi-4-reasoning-plus, an open-weight language model designed to excel in deep and structured reasoning tasks. An evolution of the previously released Phi-4, this new 14-billion parameter Transformer model incorporates supervised fine-tuning and reinforcement learning to deliver superior performance on complex tasks in domains such as mathematics, coding, and science. It is trained…

Kuwait Bans Crypto Mining to Protect Power Grid Amid Energy Crisis and Summer Demand Surge

Kuwait has officially outlawed cryptocurrency mining, labeling it “illegal and unlicensed” as the nation grapples with a deepening energy crisis. This marks a significant policy shift aimed at reducing pressure on its overburdened power grid, which has been pushed to the brink by soaring summer temperatures and increasing air conditioning demand. Unlike Dubai, which has…

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Categorized as Crypto