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Trump rages 'WHO OPENED IT?' as he shares photo claiming it proves 'witch hunt' after him
U.S. senator Bill Hagerty has warned about what he thinks are the true objectives behind the recent legal actions against exchanges like Binance and Coinbase, which have been charged by the Securities and Exchange Commission (SEC) with violating securities laws.
Hagerty, a long-time critic of the SEC’s stance against crypto, believes that the organization is purposefully leading platforms out of the U.S. with a single objective: to establish a single central bank digital currency (CBDC).
Hagerty stated:
Gary Gensler is finally saying the quiet part out loud: the Biden Admin wants to kill market innovation to pave the way for a CBDC, which would give the federal gov. unprecedented insight into your life.
John Reed Stark, a nineteen-year veteran former attorney in the United States Security and Exchange Commission's Enforcement Division and former SEC Office of Internet Enforcement chief, has warned to "get out of crypto platforms now."
The SEC sued Binance Holdings Ltd. and CEO Changpeng Zhao on June 5. The following day, the regulator sued crypto exchange Coinbase for allegedly violating securities laws. On this basis, Stark issued his warning.
"My take is that the SEC is spot-on with their crypto-related enforcement efforts," Stark tweeted, claiming: "No matter what the carnival barkers promise, it is axiomatic that crypto trading platforms are high-risk, perilous and inherently unsafe."
"Crypto trading platforms are under a U.S. regulatory/law enforcement siege which has only just begun," he added.
Hong Kong Legislative Council member Johnny Ng extends an invitation to Coinbase and global virtual asset trading operators to apply for regulatory licenses in Hong Kong.
Hong Kong's decision to allow retail investors to trade cryptocurrencies has sparked increased interest and demand for digital assets, positioning the region as a potential global hub.
In the midst of heightened regulatory scrutiny on the crypto market ecosystem in the United States, Hong Kong Legislative Council member Johnny Ng has extended an open invitation to global virtual asset trading operators, including Coinbase, to set up shop in the region.
The invitation is coming on the heels of the recent lawsuit the U.S. Securities and Exchange filed against crypto exchanges, Binance and Coinbase. The regulator alleged that these firms violated federal securities law and facilitated trading of unregistered security assets.
Ng’s invitation to the crypto firm reflects Hong Kong’s effort to become a financial hub for cryptocurrency in Asia. Several crypto stakeholders, like Binance CEO Changpeng ‘CZ’ Zhao and Tron Network founder Justin Sun, have highlighted how this approach could make the region a bedrock for the industry.
Financial behemoth JPMorgan says the trend of de-dollarization is gaining steam as central banks around the world unload their US dollar holdings.
In a new Reuters report, JPMorgan strategists Meera Chandan and Octavia Popescu say that the dollar’s share in central banks’ foreign exchange reserves has dipped to 58%, a record low.
China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.
The banks have recently lowered the ceiling on the rates — which are a spread over the US Secured Overnight Financing Rate — for both companies and individuals, said the people who requested anonymity discussing private matters. Some of the lenders’ provincial branches now offer around 5.7% on dollar deposits to their biggest clients, down from 6% previously
Gold bug and economist Peter Schiff is back with more warnings about the U.S. economy. He tweeted Friday that the Federal Reserve destroyed the U.S. banking system, emphasizing that it is insolvent and would collapse without government help. Schiff wrote:
Bank of America pays just .05% interest on savings accounts and nothing on checking accounts. But the Fed funds rate is 5.25% and the real inflation rate is much higher. The Fed destroyed the U.S. banking system. It’s insolvent and would collapse without government backstops.
Finance Minister Chrystia Freeland tried to reassure Canadians that the economy is still headed for calmer times after the central bank unexpectedly resumed raising interest rates.
“There are a lot of Canadians who are anxious right now and who will be concerned when they see this step taken by the Bank of Canada,” Freeland told reporters outside the Ottawa legislature.
Economists hope that Erkan’s policies will alleviate Turkey’s cost of living crisis, the Associated Press reported, as the country is facing staggering inflation, hitting a high of 85% in October 2022 and currently hovering around 40%.
In a brief interview after Box’s BOX most recent earnings report, Levie expanded on comments he made to Wall Street analysts that AI would be the “nail in the coffin” for legacy data centers, as well as the push that many companies need to move their data to the cloud. His theory is that generative AI systems have been designed to run in the cloud, as we saw with Open AI’s beta testing involving millions of users who were accessing ChatGPT via the cloud.
The classic way a large enterprise would manages its files, its contacts and marketing materials and project files, inside of a legacy center or like server environment, those files will be largely inaccessible by these latest AI models,” he said. “It would be so cost inefficient and counter-productive to try and bring AI through your on-prem data center in any kind of reasonable way.”
Walmart has been laying off thousands of workers, closing stores, and jettisoning assets to cut costs and preserve profits. Like many retailers, the company faces an uncertain economy marked by inflation and wary consumers.
But Walmart is still finding the time and resources to invest for the future. The company recently announced that it is creating an accelerator program for startups developing emerging technologies like the metaverse, artificial intelligence, and blockchain.
One of the program’s focuses is the development of decentralized e-commerce, which allows merchants to develop their own native payments systems without having to forward transactions to a centralized authority.
Walmart Store No. 8, a tech incubator the company created in 2017, will partner with Outlier Ventures to provide funding and mentorship to selected startups.
A few specific generative AI applications that AWS is already deploying are Amazon Lex, which helps developers build conversational interfaces that understand natural language and generate text responses; Amazon Polly allows developers to transform any text into human-like speech; Amazon Rekognition can identify objects, people, and scenes in images and videos. As AI continues developing, Amazon will likely play an increasingly important role. The company has the resources, expertise, and commitment to be a leader in AI.
In a new partnership announced this week between Google Cloud and Salesforce, the two companies promise to harness the power of AI to help businesses more fully understand their customers, in turn letting these businesses provide a better advertising experience.
Google Cloud this week announced next steps in its longstanding collaboration with Mayo Clinic, focused on new innovations for generative AI.
WHY IT MATTERS
Mayo Clinic is an early adopter of the Enterprise Search capability in Google's Generative AI App Builder. It will now be exploring how the combination of search with generative AI can surface important information for its clinicians and staff – and do so faster, more seamlessly and in a more conversational way.
ed Kaczynski, known as the “Unabomber,” who carried out a 17-year bombing campaign that killed three people and injured 23 others, died by suicide, four people familiar with the matter told The Associated Press.
Kaczynski, who was 81 and suffering from late-stage cancer, was found unresponsive in his cell at the Federal Medical Center in Butner, North Carolina, around 12:30 a.m. on Saturday. Emergency responders performed CPR and revived him before he was transported to a hospital, where he was pronounced dead later Saturday morning, the people told the AP. They were not authorized to publicly discuss Kaczynski’s death and spoke to the AP on condition of anonymity.
Kaczynski’s death comes as the federal Bureau of Prisons has faced increased scrutiny in the last several years following the death of wealthy financier Jeffrey Epstein, who also died by suicide in a federal jail in 2019.
died by suicide
Emergency responders performed CPR and revived him before he was transported to a hospital, where he was pronounced dead later Saturday morning
For a period of several weeks in 1966, Kaczynski experienced intense sexual fantasies of being female and decided to undergo gender transition.