EUR/USD 1.15976
-0.164%
Gold 4360.67
-1.985%
Oil 86.829
1.682%
USD/JPY 160.036
0.191%
GBP/USD 1.35352
-0.100%
GBP/JPY 216.620
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Treasury Secretary Bessen: We look forward to all countries working with us to address the Iran issue.September 1st - According to The Information, sources familiar with the matter revealed that Elon Musk has recently restructured SpaceXs data center construction team, replacing several key personnel and bringing in executives from the rocket and satellite internet businesses to strengthen data center infrastructure. Two sources indicated that this data center restructuring stems from civil engineering issues and ongoing reliability problems at SpaceX AIs existing data center facilities in Tennessee and Mississippi. In the early stages of AI infrastructure construction, SpaceX AI rushed the construction of these data centers, resulting in some facilities operating for months without backup cooling and power systems. Sources stated that this increased the risk of system downtime.British Prime Minister Burnham said he would attend the climate conference in November.On September 1st, Sheng Qiuping, Standing Committee Member of the Jiangxi Provincial Party Committee and Secretary of the Nanchang Municipal Party Committee, met with Jim Farley, President and CEO of Ford Motor Company. Sheng Qiuping expressed his hope that Ford Motor Company would remain confident in its development in Nanchang, continuously deepen its cooperation with Jiangling Group, constantly improve the cooperation mechanism, further innovate cooperation models, expand cooperation areas, and promote the transformation and upgrading of Nanchangs automotive industry. Nanchang will continue to create a favorable business environment, strengthen resource guarantees, improve service efficiency, and fully support Ford Motor Company and its partners in developing in Nanchang.According to the Ukrainian agricultural lobby UCAB, Ukraines food exports fell 41.5% month-on-month in August to 2.15 million tons.

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