Cryptocurrency exchange Kraken is shutting down its staking services for U.S. clients and paying a $30 million fine as part of a settlement with the Securities and Exchange Commission, the agency announced Thursday. The SEC had alleged that Kraken offered and sold unregistered securities through its staking services. Staking refers to a process used by some blockchains to validate transactions...
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Larry Summers Has a Message for Silicon Valley

Larry Summers has a message to all of us here in Silicon Valley: It’s time to switch up that reading list. “Perhaps pay a little more attention to history relative to science fiction in terms of understanding all the things that the future may hold,” he said during a conversation with me and The Information subscribers Tuesday.
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