Author: James Wilson

AI hallucinations news moved from courtroom embarrassment to career consequence as the Nebraska Supreme Court ruled to suspend Omaha attorney Greg Lake until further notice, after a court brief he submitted in a divorce appeal contained 57 defective citations out of 63, including 20 fully fabricated case references and four completely invented cases that do not exist in any jurisdiction. Summary Lake initially told justices he had uploaded the wrong version of the brief while traveling on his wedding anniversary with a broken computer, but later admitted to using AI, which the Nebraska Counsel for Discipline found constituted a failure…

Perpetual contracts have become a well-liked tool for traders wishing to leverage their positions without being constrained by expiration dates in the quickly developing field of cryptocurrency trading. The well-known bitcoin derivatives exchange Bybit has unveiled a cutting-edge tool known as “Perp Protect” to improve trading and give users more security. Let’s explore the details of Perp Protect and see how it can benefit traders. What is Bybit? Bybit is one of the world’s most visited crypto exchange platforms. It has the vision of “unleashing the full potential of crypto Web3 with next-generation tools, support, and opportunities”. With over 20…

Trump nominated Dr. Erica Schwartz as CDC director 2026 on Thursday, tapping a former Navy rear admiral and deputy surgeon general from his first term to lead an agency that has cycled through four leaders in the past 12 months and remains without a Senate-confirmed director since Dr. Susan Monarez was fired last August. Summary Schwartz, 57, holds a medical degree from Brown University, a law degree, and a master’s in public health from the Uniformed Services University, and spent 24 years in uniformed service including as the US Coast Guard’s chief medical officer and as deputy surgeon general from…

Moscow’s push to bring its cryptocurrency market under control has entered a new phase with the Russian government submitting a legislation to the State Duma that would make operating outside state-sanctioned crypto infrastructure a criminal offense. Under the proposed law, any individual conducting cryptocurrency transactions without going through a licensed intermediary, meaning a state-regulated exchange, broker, or depository, would face up to four years in prison and a fine of approximately $4,000. The threshold rises sharply for those operating as part of an organized group or generating what the law classifies as large-scale income. In those cases, penalties could reach…

The Trump administration announced Thursday that New York will lose $73.5 million in federal highway funding after the Federal Motor Carrier Safety Administration found the state has refused to revoke nearly 33,000 commercial driver’s licenses issued to immigrants whose legal status had since expired, in this latest Trump administration news on federal funding as a policy enforcement tool. Summary Transportation Secretary Sean Duffy said FMCSA audited 200 sample records and found that more than half contained significant problems, such as licenses remaining valid long after the holder’s authorization to be in the country had lapsed. Governor Kathy Hochul’s office called…

Federal securities regulators have filed suit against Donald Basile, a crypto executive accused of raising roughly $16 million from hundreds of investors through a digital token scheme built almost entirely on false promises, officials said. The US Securities and Exchange Commission(SEC) lodged the complaint Friday in the US District Court for the Eastern District of New York, alleging that Basile ran the operation through two companies under his control, Monsoon Blockchain Corp. and GIBF GP Inc., across a nine-month window in 2021. The instrument used to draw in investors was a series of Simple Agreements for Future Tokens linked to…

CBS News reported that AI in Hollywood has reached a new threshold as actor Val Kilmer, who died in April 2025 at 65, appears in over an hour of finished footage in the upcoming film As Deep as the Grave through state-of-the-art generative AI, constructed from archival material his family provided and executed under SAG guidelines with compensation paid to his estate. Summary Kilmer was cast as Father Fintan, a Catholic priest and Native American spiritualist, five years before his death but was too ill from throat cancer to shoot any scenes, leading director Coerte Voorhees to pursue a generative…

In the latest generative AI news, CBS MoneyWatch reported that US households are actively making room in their budgets for AI subscriptions, backed by Bank of America Institute data showing the number of paying AI subscribers has surged 38% from the 2024 average. Summary Approximately 3% of Bank of America households paid for AI services in early 2026, with median monthly spend at $20, up 10.4% year over year, driven by growing use of tools like ChatGPT Plus, Claude Pro, and Gemini. The share of subscribers paying $21 to $40 per month jumped 50% year to date versus 2024, suggesting…

Goldman Sachs filed a registration statement with the SEC on April 14 for the Goldman Sachs Bitcoin Premium Income ETF, the first bitcoin ETF news from the Wall Street giant that proposes directly issuing its own crypto income product rather than simply holding third-party spot funds. Summary The fund will invest at least 80% of net assets in instruments providing bitcoin exposure, primarily shares of spot bitcoin ETPs such as BlackRock’s IBIT and Fidelity’s FBTC, then sell call options on those positions to collect monthly premiums. The options overwrite level will range from 40% to 100% of exposure depending on…

Bitcoin price prediction turned aggressively bullish early Friday as CoinDesk reported that perpetual funding rates dropped to their most negative level since 2023 on a seven-day moving average, with ZeroStack CEO Daniel Reis-Faria targeting $125,000 within 30 to 60 days if the market’s heavily short positioning is forced to unwind. Summary BTC was trading near $74,700 in Asian morning hours Friday, up 3.5% on the week but down 0.4% on the day, with the 10-day global equity rally pausing ahead of the April 22 Iran ceasefire expiry. The 7-day moving average funding rate dropped to approximately -0.005% per Glassnode data,…