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Californias Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers rights and likenesses.
They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.
Binance founder and former CEO Changpeng CZ Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.
Lawyer Dina Blikshteyn explains that many of the AI-related bills being drafted and passed in California may have good intentions but could burden small developers.
MicroStrategy has completed a $1.01 billion convertible note offering, allocating proceeds for Bitcoin purchases and debt repayment.
Billy Markus, Dogecoin (DOGE) cofounder, recently shared a bold opinion on social media platform X, calling for crypto conferences to be banned forever. Markus, better known as Shibetoshi Nakamoto online, is known for his witty and often unpredictable commentary in the digital currency space. His latest statement came in response to Vitalik Buterins presentation at […]
Kraken rejects the SECs securities allegations, Brazil lifts the freeze on Starlinks bank account, the UK clarifies crypto property rights, and Coinbase backs NFTs legal defense.
Congressman John Rose would make the agencies work together and listen to user and industry representatives.
The new legislation aims to provide legal clarity and protection for Bitcoin and digital asset owners.
Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple objectives. Centrifuge Wants Polkadot To Invest $3 Million In T-Bills In their proposal, allocating the $3 million to T-Bill as an investment will benefit the broader ecosystem. Of note, it will help boost the long-term sustainability of the Polkadot Treasury. This is because the T-Bill pool will generate stable yields from real-world assets, thereby further increasing the financial health of the Treasury. Related Reading: Cardano Foundation Reports Massive Growth In These Key Metrics ADA Price Soars 3% Though the funds will be from the foundation, Centrifuge argues that injecting the $3 million USDC into the T-Bill pool will help increase the network’s total value locked (TVL). Subsequently, this will also expand the Treasury’s assets. The foundation might consider investing in RWAs, as proposed by Centrifuge, as it could foster the growth of this technology within Polkadot, pushing adoption and growth as a result. Laying out their proposal, Centrifuge said if the foundation decides to invest, it would align with their previous investment in the Anemoy Liquid Treasury Fund. In turn, this may offer a unique opportunity for Polkadot to diversify and expand its investment basket. It is especially now that tokenization and RWA is picking up momentum. RWA Picking Up Steam, Will DOT Reverse Losses? BlackRock, one of the top asset managers in the world, is one of the leaders in tokenizing treasury bills. On Ethereum, the manager has launched BUIDL, a platform where institutions can invest in tokenized Treasury bills. As of September 10, BUIDL is the largest tokenized Treasuries provider, managing over $514 million, according to RWA.xyz. The proposal is so far garnering community support. Roughly a week before the decision, over 53% agreed with this proposal. However, some community members are expressing concerns. Related Reading: Ethereum Sees Massive Outflows from Derivatives: What Does This Mean For ETH? Most of them point to the potential risks and the negative implications of this on the network’s Treasury. One concern is that if this is approved, it could increase DOT spending requests, eventually depleting its reserves. While the prospect of RWA taking off in Polkadot is bullish, DOT is still under pressure. From the daily chart, DOT is down roughly 65% from March highs. It is also in a descending channel and retesting multi-month support. The primary support lies at around $3.5. On the upper end, resistance is at $5. A break above this line will lift sentiment, propelling the coin towards $6.5 in a buy trend continuation formation. Feature image from Unsplash, chart from TradingView
Metaplanet Inc allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japans market volatility.
Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.
Californias new AI safety bill SB 1047 is a current issue that is being discussed in the tech industry. This bill has garnered interest from high-profile personalities including Elon Musk the CEO of Tesla and Buterin Vitalik the co-creator of Ethereum. Both leaders have expressed their thoughts regarding the bill which which seeks to govern […]
Things are heating up on the AI legislation front with Anthropic voicing its support of an AI bill introduced by senator Scott Wiener, one which received a letter of opposition from OpenAI.
The Hong Kong Monetary Authority (HKMA) announced the results of the tenders for the People's Bank of China (PBOC) RMB Bills held on 21 August 2024. (Read More)
Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardanos Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 [...]
The post Cardano Kicked Out Of Top 10 Crypto By Market Cap, Whats Going On? appeared first on Crypto Breaking News.
Senator Scott Wiener defends Californias AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.
The Hong Kong Monetary Authority has issued a tentative schedule for Exchange Fund Bills and Notes for the fourth quarter of 2024. (Read More)
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