The Biggest Bank Heist in History Is Coming

Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt. But they want institutions to use permissioned networks rather than the decentralized blockchains that keep assets safe from hackers.

Reddit Is Making a Deal With the AI Devil

The social media giant’s $60 million real-time data deal with Google is latest example of internet companies selling out their users who have nominally “consented” to share their personal information but have no control. Blockchains and ZK-proofs could help prevent corporate overreach, Nym CEO and privacy advocate Harry Halpin writes.

How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance

A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies. The ruling doesn’t make a determination on whether the tokens are indeed securities or not, but it’s significant in broader securities cases nonetheless.