Best Twitter threads of the day – August 29th

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• Fine Dining with Elite Company At EDCON 2023 – Podgorica

  Some of Edcons participants went to bed after volunteering at Edcon all day. The other participants salute them for their service. Others went to the center of Montenegro’s capital to try to network and were quickly moving from one place to another, bars, nightclubs but no real events. Still others met at the Sky Bar of the Hilton Hotel with whoever would show up. These were the default situations of many participants the evening of day 0 at Edcon. Many lost participants would end up in the nightclub Biro with its extremely loud music and red lights making it difficult to network. But then the community got to organizing. A Telegram channel was made to share all of the side events and a web3 event page was made. https://www.web3event.org/topic/49#Topic A few notable side events took place, we shall describe some here: Testera XWinner On the evening of day 0 of Edcon, around 60 participants in the know were at Testera’s after party getting to know each other and networking. Testera opened up its office and terrace for this side event…

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• Zuck’s Threads about to have search and web features

  TL;DR Breakdown Meta’s Threads app is set to introduce search functionality and web accessibility features. Initially successful after launch, it experienced a significant decline in engagement over time. Mark Zuckerberg and Adam Mosseri plan to focus on improving the app’s fundamentals and user retention before pursuing growth and monetization. Description Mark Zuckerberg’s brainchild, Threads, is about to experience an upgrade. In an effort to combat dwindling user engagement and maximize its competitive edge, Meta is preparing to roll out search functionality and web accessibility features for the Twitter-like app. With Zuckerberg’s confidence and strategic foresight propelling the project forward, the world is watching to see … Read more Mark Zuckerberg’s brainchild, Threads, is about to experience an upgrade. In an effort to combat dwindling user engagement and maximize its competitive edge, Meta is preparing to roll out search functionality and web accessibility features for the Twitter-like app. With Zuckerberg’s confidence and strategic foresight propelling the project forward, the world is watching to see how Threads will evolve in the coming weeks. Bolstering Threads with improved functionality Released in July, Threads…

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• Congressman Torres takes aim at SEC’s crypto oversight, calls for investigation

  TL;DR Breakdown New York’s Congressman Ritchie Torres has called for an investigation into the SEC for its “haphazard and heavy-handed approach to digital assets.” Torress calls into question the politics behind the registration process approval for Prometheum, a special-purpose broker-dealer license. The Congressman asks SEC Inspector General Deborah Jeffrey to look into the  “unusual backroom deal” that resulted in Prometheum being awarded a power that no other crypto exchange has yet obtained.  6 Republican senators sent a letter to the DoJ and the SEC, asking the agencies to look into Prometheum’s alleged ties with China. Description According to two letters made public on Thursday, Congressman Ritchie Torres has asked for two separate independent investigations into the United States Securities and Exchange Commission (SEC) for its “haphazard and heavy-handed approach to digital assets.” The representative accuses Gensler of “politicizing” the registration process by approving Prometheum’s special purpose broker-dealer license. New York Congressman … Read more According to two letters made public on Thursday, Congressman Ritchie Torres has asked for two separate independent investigations into the United States Securities and Exchange Commission…

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• US-China trade defies geopolitical strains – How?

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• EU and US join forces for AI standards interim solution

  TL;DR Breakdown The European Union (EU) and the United States are joining forces to address the need for minimum AI standards as new comprehensive AI legislation is being developed. The EU’s forthcoming AI Act could be the world’s first comprehensive AI legislation, but it may take one to two years to be fully implemented. The fourth ministerial-level meeting of the Trade and Technology Council (TTC) will discuss generative AI algorithms and the need for regulatory oversight. In an unprecedented move towards global collaboration in the realm of artificial intelligence (AI), the European Union (EU) and the United States are jointly addressing the pressing need for an interim solution to AI standards. The call for an expeditious response comes as new legislation governing the use of AI is on the horizon but has yet to be formalized and enacted. Establishing AI standards: A global imperative Margrethe Vestager, the EU’s tech czar and Vice-President of the European Commission, stressed on the urgency to establish minimum standards to bridge the gap until the new laws take effect. The forthcoming AI Act from the…

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