EUR/USD 1.16012
-0.272%
Gold 5113.91
-0.516%
Oil 76.739
1.967%
USD/JPY 157.720
0.430%
GBP/USD 1.33482
-0.176%
GBP/JPY 210.532
0.275%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to TASS, Russian military intelligence chief Kostiukov said that the United States needs the Russia-Ukraine negotiations more than Russia does.Qatar says Iran launched 14 missiles and 4 drones on Thursday.Qatar claims it intercepted four drones launched from Iran.On March 5th, neurotechnology company Science Corp. raised $230 million from investors to commercialize its implantable device for the blind and develop more advanced brain-computer interface devices. Sources familiar with the matter revealed that this round of financing brings Sciences valuation (including the new funds) to $1.25 billion. This makes it the second most valuable brain-computer interface company globally, after Elon Musks startup Neuralink. The company is also one of the best-funded companies, having raised a total of $489 million to date. Science is developing a retinal implant called PRIMA, a chip implanted at the back of the eye that helps blind people regain sight with the aid of special glasses that project images into the eye. A study published last October in the *New England Journal of Medicine* showed that the system improved vision in 26 of 32 patients with advanced age-related macular degeneration. In recent years, investors have poured more than $2 billion into the top six brain-computer interface companies in the United States. Currently, the U.S. Food and Drug Administration (FDA) has not approved any devices for long-term commercial use, so these devices are only available in clinical trials.March 5th - TD Securities strategists noted in a report that unless Fridays US non-farm payroll report is significantly weak, it is unlikely to have a major impact on the US dollar. They stated that US economic data may take a backseat, with market focus shifting to the Middle East conflict and its potential impact on the Federal Reserves ability to cut interest rates this year. The strategists said, "You need to see a much worse report, and an increase in the unemployment rate, for the market to refocus on this weeks non-farm payroll data and reverse recent price movements." They believe that given the USs energy independence and the reduced prospect of interest rate cuts, the dollar should remain strong if oil prices remain high.

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