EUR/USD 1.16800
0.015%
Gold 4648.25
0.680%
Oil 85.287
-1.162%
USD/JPY 158.925
-0.044%
GBP/USD 1.36465
-0.001%
GBP/JPY 216.883
-0.044%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hang Seng Tech Index fell further to 4%, with MINIMAX-W (00100.HK) dropping more than 10%.Blue Cloud Software Technology Solutions has signed a $150 million master services agreement with SpaceX (SPCX.O) Malaysia.According to Axios: Sources have confirmed that Luke Metz, a renowned AI researcher and former OpenAI employee, has joined Meta Platforms (META.O) Super Intelligence Lab.On August 24th, it was reported that Alibaba DAMO Academy, in collaboration with Shengjing Hospital of China Medical University and other institutions, recently developed DAMO LiON, an AI model for diagnosing liver cancer. This model can identify tiny liver cancer lesions through CT imaging. In a two-month real-world prospective clinical trial, DAMO LiON discovered 15 previously missed malignant tumors, the vast majority of which were lesions around 1 cm in size, helping patients receive timely surgical or drug treatment. The related paper was published in the top international academic journal *Nature Medicine*.August 24th - According to The Information, sources familiar with the matter revealed that Nvidia (NVDA.O) is in talks to invest in AI startup Perplexity as part of an equity funding round, which would value the company at over $30 billion. This funding round would amount to several billion dollars, representing a more than 50% increase in valuation compared to Perplexitys previous funding round a year ago. Sources stated that Perplexitys annualized revenue has grown from less than $250 million at the beginning of the year to over $750 million, partly thanks to its AI agent, Perplexity Computer. Nvidia has previously invested in Perplexity multiple times, and Jensen Huang has stated in interviews that he frequently uses Perplexity as his preferred chatbot. Perplexity has raised over $1.7 billion in total from Nvidia and other investors including New Enterprise Associates, Accel, and SoftBank.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

微信截图_20220707162601.png


Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

Suggestion