Author: GT

Bhutan, the small landlocked country wedged between India and China, is perhaps best known for “Gross National Happiness,” the alternate measure that the country claims gives a fuller understanding of economic development than GDP. But the country wants to be known for more than just spiritual tourism and Himalayan mountains. Bhutan now hopes to attract foreign investment, foster new industries, and enter the global economy. It’s a steep hill to climb for the isolated Himalayan country, which has recently grappled with a brain drain problem as young Bhutanese travel abroad for new opportunities. “Geography is a challenge for us, demography…

President Donald Trump has fired Shira Perlmutter, who leads the U.S. Copyright Office. The firing was reported by CBS News and Politico, and seemingly confirmed by a statement from Representative Joe Morelle, the top Democrat on the Committee for House Administration. “Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle said. “It is surely no coincidence he acted less than a day after she refused to rubber-stamp Elon Musk’s efforts to mine troves of copyrighted works to train AI models.” Perlmutter took over the Copyright Office in 2020, during…

If you’re looking to mix things up with your traditional investment portfolio and want to bring a more feisty risk tolerance to your strategies, cryptocurrency may serve to fill that role. The wildly volatile, speculative asset class has provided investors with both astounding returns and devastating losses. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. Check Out: Warren Buffett’s Berkshire Hathaway Bought Over $73 Million in Shares of This Tech Company — Here’s Why For You: The New Retirement Problem Boomers Are Facing Many cryptocurrencies regularly post losses of 50% or…

23andMe, the genetic testing giant once valued in the billions, is now navigating Chapter 11 bankruptcy and notifying millions of current and former customers that they may be eligible to file claims as part of the restructuring process. The company and 11 of its subsidiaries, including Lemonaid Health and LPRXOne, filed for bankruptcy protection on March 23 of this year in the Eastern District of Missouri. Customers were alerted Sunday that they have until July 14 to file claims for losses incurred. The bankruptcy follows a tumultuous 18 months for 23andMe, marked by declining sales, executive departures, and a devastating…

Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its “State of Rootstock” report, published on Thursday. Rootstock is now secured by 81% of Bitcoin’s total hashrate, meaning miners that account for amount the hashrate are also approving transactions on the layer 2. The figure was just 56% before the the onboarding of Foundry and Spiderpool, the…

The mobile controller company Backbone unveiled its Backbone Pro controller this week, which brings iOS and Android gaming experiences to the next level. A successor to the Backbone One controller, the Pro features full-size joysticks, re-mappable buttons, and Bluetooth compatibility, making for a more premium gaming setup. Unlike its predecessor, the Backbone Pro doesn’t need to be attached to a phone to work, meaning that you could use it as a wireless controller. That functionality gets extra useful when using cloud gaming services like Xbox Game Pass. You can play a game with the Backbone Pro controller on your TV,…

OpenAI is currently in “a tough negotiation” with one of its biggest investors and partners, Microsoft, according to the Financial Times. The AI startup recently announced a major change to its corporate restructuring plans — while it still aims to convert its business arm into a for-profit public benefit corporation, its nonprofit board will remain in control. The FT says it spoke to multiple sources who describe Microsoft, which has invested $13 billion in OpenAI to date, as a key holdout needed to approve the restructuring. While the crux of the negotiation is how much equity Microsoft will receive in…

Whoop has backed down, somewhat, from the controversial upgrade plans around its Whoop 5.0 fitness tracker. When the company first announced Whoop 5.0 this week, it said members who wanted the new device could either extend their subscriptions by 12 months or pay a one-time upgrade fee of $49 ($79 for the model with EKG sensors). This seemed inconsistent with Whoop’s overall value proposition, where it charges higher subscription prices (ranging $199 to $359 a year) while allowing customers to upgrade their hardware for free. More specifically, it seemed to contradict a statement on the company’s website promising users free…

WASHINGTON (AP) — The Trump administration has fired the nation’s top copyright official , Shira Perlmutter, days after abruptly terminating the head of the Library of Congress, which oversees the U.S. Copyright Office. The office said in a statement Sunday that Perlmutter received an email from the White House a day earlier with the notification that “your position as the Register of Copyrights and Director at the U.S. Copyright Office is terminated effective immediately.”On Thursday, President Donald Trump fired Librarian of Congress Carla Hayden, the first woman and the first African American to be librarian of Congress, as part of…

Missouri could soon become the first U.S. state to eliminate capital gains tax entirely — a move that would have profound implications for crypto holders, stock investors, and real estate stakeholders alike. Missouri House Bill 594, which passed a final vote in the state legislature, now awaits Governor Mike Kehoe’s signature. If signed, it would enact a 100% income tax deduction on all capital gains, including profits from digital assets like Bitcoin and XRP. At the time of writing, Bitcoin is trading above $104,000 and XRP holds at $2.38 — both up in the last 24 hours as investors digest…