Best Twitter threads of the day – August 29th

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• California Revises Cryptocurrency Campaign Donation Policies

  TL;DR Breakdown California now allows campaign donations in cryptocurrency but mandates immediate conversion to US dollars and requires donations to come through US-based payment processors adhering to KYC policies. While states like Minnesota, Arizona, and Colorado are embracing crypto donations, others like North Carolina and Oregon have banned the practice over transparency concerns. Description In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees … Read more In a significant move, the California Fair Political Practices Commission has unveiled its updated policies on cryptocurrency donations for campaigns. This comes as a response to the growing prominence of digital currencies in the financial landscape and their potential influence on political campaigns. The updated guidelines provide a more explicit framework for candidates and committees in California, ensuring transparency and adherence to federal regulations. Contents hide 1 A…

  Article 2023年8月12日

• Tom Emmer on crypto’s role in 2024 election

  Description As the 2024 election creeps closer, crypto isn’t merely lurking in the shadows of U.S. politics. Tom Emmer, the Majority Whip of the United States House of Representatives and a staunch crypto advocate, believes that many electoral candidates might be sleeping on a politically-charged ticking bomb: the digital asset world and the waves it’s making … Read more As the 2024 election creeps closer, crypto isn’t merely lurking in the shadows of U.S. politics. Tom Emmer, the Majority Whip of the United States House of Representatives and a staunch crypto advocate, believes that many electoral candidates might be sleeping on a politically-charged ticking bomb: the digital asset world and the waves it’s making in both state and federal politics. A Generational Tug-of-War in Digital Space U.S. politics, much like most facets of American life, is experiencing a generational tug-of-war. On one side, you have a younger, more technologically savvy cohort that understands and values the privacy and autonomy that cryptocurrencies offer. On the opposite end are the seasoned lawmakers who seem lost in the digital jargon, potentially crafting policies…

  Article 2023年9月19日

• 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…

  Article 2023年5月25日

• U.S. blocks China from getting any of the $52b chip funds raised

  TL;DR Breakdown The U.S. Commerce Department releases final rules to restrict semiconductor manufacturing subsidies from benefiting countries like China and Russia. $52.7 billion chip fund established under the “Chips and Science” law is the focus of these rules. Regulations aim to prevent U.S. fund recipients from investing in chip manufacturing or joint ventures in nations of concern. Description The rivalry between superpowers is nothing new, and the arena of this competition has once again shifted to technology. With silicon chips driving the next industrial revolution, the U.S. has made a clear statement: China and other nations of concern won’t get their hands on any part of the whopping $52.7 billion chip fund raised … Read more The rivalry between superpowers is nothing new, and the arena of this competition has once again shifted to technology. With silicon chips driving the next industrial revolution, the U.S. has made a clear statement: China and other nations of concern won’t get their hands on any part of the whopping $52.7 billion chip fund raised under the landmark “Chips and Science” law. Bit greedy,…

  Article 2023年9月23日

• Exploring the economics of Bitcoin halving and its ripple effects – 2024

  TL;DR Breakdown The next Bitcoin halving is expected on April 16, 2024, just 277 days away, and market analysts predict that the event will cause a positive sentiment to the struggling crypto market. Cathie Wood on Ark Invest predicts that Bitcoin will hit $1 million by 2030. The law of supply and demand is set to increase the price of Bitcoin to new time highs due to the scarcity effect. Description  As the crypto market continues to evolve, it is crucial to understand the effects of significant events like Bitcoin halving on the market, investors, and the broader economy. The leading crypto sparked a global shift in digital assets and has a distinctive monetary policy. Bitcoin’s halving event occurs approximately every four years. Contents hide 1 … Read more  As the crypto market continues to evolve, it is crucial to understand the effects of significant events like Bitcoin halving on the market, investors, and the broader economy. The leading crypto sparked a global shift in digital assets and has a distinctive monetary policy. Bitcoin’s halving event occurs approximately every four…

  Article 2023年7月13日