Friday, March 6, 2026

US federal regulators say banks don't need extra capital against losses when dealing with blockchain-based securities, calling their rules "technology neutral" (Reuters)

Reuters:
US federal regulators say banks don't need extra capital against losses when dealing with blockchain-based securities, calling their rules “technology neutral”  —  U.S. banking regulators clarified on Thursday that banks should not have to hold additional capital against losses …



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How AI gutted Kenya's essay-writing industry, which at its peak paid 40,000+ people in Nairobi to do overseas students' homework, leaving few paths back to work (New York Times)

New York Times : How AI gutted Kenya's essay-writing industry, which at its peak paid 40,000+ people in Nairobi to do overseas studen...