Productivity Metrics are a Scam

In the pantheon of economic metrics, few enjoy the undeserved reverence that “productivity” does. Politicians chant it like a prayer. Economists bow before it. Central banks cite it to justify wage suppression and tax cuts for capital. But behind the polished numbers and authoritative graphs lies a sleight of hand so brazen it borders on … Read more

Stellar Performance From XLM as It Posts Top 24H Percentage Gain Among Top 20 Cryptos

On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal described Stellar as a … Read more

xAI and Grok apologize for ‘horrific behavior’

In a series of posts on X, the AI chatbot Grok apologized for what it admitted was “horrific behavior.” The posts appear to be an official statement from xAI, the Elon Musk-led company behind Grok, as opposed to an AI-generated explanation for Grok’s posts. (xAI recently acquired X, where Grok is prominently featured.)

Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’

Bitcoin mining firm, BTC Digital (BTCT), has moved $1 million of company cash into ether (ETH), which it called its new “digital gold.” BTCT Moved $1M Into Ethereum Reserve, chief executive officer Siguang Peng said in a press release, adding that Ethereum has “emerged as the foundation of on-chain USD settlement and value transfer.” “By … Read more