Day: April 23, 2023

Chinese city public servants to receive digital RMB salaries from May

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A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023.  According to the notice issued by local Chinese authorities, Changshu Local Financial Supervision Bureau and the Changshu Municipal Bureau of Finance, civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment. An on-site staff member of a local hospital…

Google DeepMind restructuring aims to deliver next-gen AI breakthroughs

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Google and Alphabet CEO Sundar Pichai announced the merger of two entities with the company to form a separate business unit dedicated to the development of the next generation of artificial intelligence (AI) breakthroughs and products. The new unit, Google Deepmind, was formed by merging the Brain team from Google Research and DeepMind, a London-based AI company Google had purchased in 2014. The newly-formed business unit aims to accelerate the company’s progress in developing AI in a safe and responsible manner. We’re proud to announce that DeepMind and the Brain…

How to play and earn in CryptoKitties

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Reminiscent of Tamagotchi and Pokémon, the wildly popular digital pets and creatures of the 1990s, CryptoKitties is a blockchain-based game where players can collect, trade and breed digital virtual cats. CryptoKitties was the first Ethereum-based game, and its popularity underscored many of the network’s scaling issues. This digital cat-breeding blockchain game caused quite a bit of congestion on the Ethereum blockchain, peaking in 2020. However, the game’s creators were able to address these issues. What is CryptoKitties? Launched in 2017, CryptoKitties was built by Dapper Labs, the company that uses…

Russia to Work With Digital Currencies of Other Nations – Finance Bitcoin News

The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of Russia The system underpinning the issuing and circulation of Russia’s central bank digital currency (CBDC) may well work with the digital legal tenders of other nations, representatives of the Russian monetary policy regulator indicated this…

Biden’s comms director barred from former crypto clients: Report

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United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation. According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.” Decentralized exchange UniSwap and venture capital firm Andressen Horowitz – an early investor in Coinbase Global Inc – were both former clients…

China and Singapore team up to scale green and transition financing

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Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region.  The Monetary Authority of Singapore (MAS) announced the collaboration with the People’s Bank of China (PBC) in establishing the China-Singapore Green Finance Taskforce (GFTF). With GFTF, the duo aims to co-develop a set of financial standards, products, technologies and definitions to lower carbon footprints. According to MAS’ assistant managing director and chief…

China Warns of Global Financial Instability From US Economic Policies – Economics Bitcoin News

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a spokesperson for China’s Ministry of Foreign Affairs, expressed concerns over the state of the global economy at a press conference Thursday. Commenting on the recent International Monetary Fund (IMF) Global Financial Stability report pointing out…

SBF’s lawyers unable to tap his parent’s phones to meet bail conditions

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Sam Bankman-Fried’s legal team have requested a third extension on the enforcement of his revised bail conditions, citing difficulties in installing monitoring software on his parents cell phones to capture a photo of the user “every five minutes.” In an April 19 court filing in the Southern District of New York, Sam Bankman-Fried’s lawyers, Mark Cohen and Christian Everdell, stated that they have successfully implemented “all of the bail conditions set forth in the Order,” with the exception of monitoring the usage of Bankman-Fried’s parents’ cell phones. It was noted:…

Economist Peter Schiff Warns ‘Death Blow’ Coming for US Dollar — USD to Lose Reserve Currency Status – Economics Bitcoin News

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Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going to be far more impactful than the 2008 crisis,” Schiff stressed. Peter Schiff on U.S. Dollar’s ‘Death Blow’ Economist and gold bug Peter Schiff explained that a death blow is coming for the U.S. dollar as a…

Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin — Expects BTC to Hit $100K – Markets and Prices Bitcoin News

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Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.” Why Robert Kiyosaki Loves Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, shared on Twitter Thursday why he loves bitcoin. He expects to see the price of BTC hit $100K. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.…