Securities and Exchange Commissioner Hester Peirce highlighted that despite a very bad year, there are lessons for the crypto industry to learn. 1956 Total views 30 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT Hester Peirce, a commissioner on the Securities and Exchange Commission (SEC), said that after a terrible year, industry players need to remember what crypto is really about.
In a speech at the Digital Assets at Duke conference, Peirce laid down some lessons to be learned from the issues that the crypto industry had to face last year. According to the commissioner, 2022 was a terrible, horrible, no good, very bad year for both the crypto space and regulators. However, Peirce believed there were valuable takeaways from the series of problems that arose last year. She explained: Underlying these lessons is the truth that technology takes time to develop and often must combine with innovative developments in other fields to realize its full potential.
In addition, the SEC commissioner underscored that the industry must always keep in mind that crypto is not about driving the prices up and dumping tokens to someone else. Peirce highlighted that the industry must remember that the underlying technology is about solving a trust problem and how people can interact and transact with people they dont know. She explained that: Traditionally, people have looked to centralized intermediaries or government to solve this problem, but technology like cryptography, blockchain and zero-knowledge proofs offer new solutions.
Apart from this, the commissioner also urged people who believe in cryptos future not to wait for regulators to fix problems but instead act to stamp out harmful practices and encourage good behavior within the industry.
Peirce also said that its up to people within the industry to develop cryptos value. Cryptos value proposition depends primarily on the builders of this technology, not on regulators like me, who lack technical expertise and stand on the periphery looking in, she noted.
Related: Former SEC chief blasts bogus catchphrase: Regulation by enforcement
The last year was filled with challenges for those who believe in the space. Despite the catastrophes, there are still some good accomplishments for the space, like its display of resilience against market challenges that somehow sets the stage for a stronger foundation. #Conference #SEC #Regulation Related News What is impermanent loss and how to avoid it? Amid crypto winter, central banks rethink in-house digital currencies Ripple CEO: XRP lawsuit resolved by June, SEC conduct embarrassing Nexo agrees to $45M settlement with SEC and states over Earn product SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
Former LSU wide receiver Kyren Lacy, accused of causing a crash that killed a 78-year-old man on Dec. 17 and then fleeing the scene without rendering aid or calling authorities, turned himself in to authorities Sunday night, was jailed and then released on $151,000 bail, according to police records.
Lafourche (Louisiana) Parish Sheriff’s Office records indicate that Lacy was charged with negligent homicide, felony hit-and-run with death and reckless operation of a vehicle.
According to a news release from Louisiana State Police on Friday, Lacy was allegedly driving a 2023 Dodge Charger on Louisiana Highway 20 and “recklessly passed multiple vehicles at a high rate of speed by crossing the centerline and entering the northbound lane while in a designated no-passing zone.”
“As Lacy was illegally passing the other vehicles, the driver of a northbound pickup truck abruptly braked and swerved to the right to avoid a head-on collision with the approaching Dodge,” a Louisiana State Police news release said.
“Traveling behind the pickup was a 2017 Kia Cadenza whose driver swerved left to avoid the oncoming Dodge Charger. As the Kia Cadenza took evasive action to avoid impact with the Dodge, it crossed the centerline and collided head-on with a southbound 2017 Kia Sorento.”
Police alleged that Lacy, 24, drove around the crash scene and fled “without stopping to render aid, call emergency services, or report his involvement in the crash.”
Herman Hall, of Thibodaux, Louisiana, who was a passenger in the Kia Sorento, later died from injuries suffered in the crash, according to state police. Hall was 78.
The drivers of the Cadenza and Sorento also sustained moderate injuries, according to police.
Lacy’s agent, Rocky Arceneaux, said in a statement that his client is “fully cooperating with the authorities.”
Lacy played two seasons at Louisiana before transferring to LSU in 2022. This past season, he had 58 catches for 866 yards with nine touchdowns and declared for the NFL draft on Dec. 19, two days after the crash.
A peak resembling a man-made pyramid, situated in the snow-covered expanse of Antarctica, has captured widespread attention due to its striking symmetry. Located within the southern Ellsworth Mountains, this natural formation features four steep, symmetrical faces, drawing comparisons to ancient Egyptian pyramids. Rising approximately 4,150 feet (1,265 meters), the mountain has become a focal point of speculation since it gained internet fame in 2016, with many questioning whether its shape could be the work of ancient civilizations or extraterrestrial beings.
Natural Formation Through Erosion
As reported by Live Science, the unique geometry of the mountain is attributed to natural erosion processes. Experts suggest that the peak was likely sculpted by freeze-thaw erosion over millions of years. Mauri Pelto, a professor of environmental science at Nichols College, explained to Live Science that during this process, water fills rock crevices during the day, freezes at night, and expands, causing chunks of rock to break off gradually. This slow but consistent erosion is believed to have given the mountain its distinct pyramidal shape. Pelto noted that while three of the mountain’s sides appear to have eroded evenly, the fourth side—the eastern ridge—formed separately.
Conspiracy Theories and Expert Opinions
Speculation about the mountain’s origin surged when its images circulated online. Claims involving forgotten civilizations or extraterrestrial construction have been widely shared by conspiracy theorists. However, Eric Rignot, professor of Earth system science at the University of California, Irvine, and senior research scientist at NASA’s Jet Propulsion Laboratory, dismissed these ideas while talking to Live Science. Rignot stated that pyramid-like shapes are not uncommon in nature, citing that peaks with one or two steep faces are often observed, though fully symmetrical formations are rare.
Historical and Geological Significance
First observed during a 1935 flight by American aviator Lincoln Ellsworth, the Ellsworth Mountains hold significant geological history, including 500-million-year-old fossils. The pyramid-shaped peak adds to the intrigue of this remote region but is regarded by scientists as a testament to nature’s sculpting power rather than evidence of advanced or extraterrestrial involvement.
However, Tesla has since brought the Cybertruck to market with no solar roofs or tonneau cover options. A year after the launch, there’s no word about solar options coming to the electric pickup truck.
But now a third party has decided to offer its own solution, and it is even more ambitious: an entire solar cell wrap for the Tesla Cybertruck.
California’s Sunflare Solar is a developer of flexible solar cells that can be used as a wrap. They claim to have wrapped the entire Cybertruck with it to produce up to 1.5 kW of solar power.
For the area, it is a fairly small amount of solar, but it could technically add a similar amount of range, around 15 miles, as Musk claimed the solar tonneau cover would.
The entire Cybertruck solar wrap costs $10,000 and comes with a 5 kW battery inverter to send the energy to the truck.
Electrek’s Take
I think this is cool, but it’s also gimmicky and comes with massive reliability risk. One of the main features of the Cybertruck is its rugged paintless stainless-steel exterior that you don’t care about scratching that much .
Now, it is replaced by expensive and somewhat fragile solar cells. I don’t know about that.
Also, as always, a car is not the optimal place for solar panels. I do like the idea of solar roofs on super-efficient EVs, like Aptera’s solar car, which can add significant range thanks to the efficiency, but if you want to power your electric vehicle with solar power, the best place to install your solar panels are on your home, not your car.
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