The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Source
MicroStrategy (MSTR), the largest corporate holder of bitcoin, added 12%, approaching $255 and is just a few percentage points away from a record high that would represent a 280% climb this year. Crypto exchange Coinbase also gained 12% as did crypto miner Riot Platforms (RIOT). Other miners also rallied, with Marathon Digital Holdings (MARA) rising 11% and IREN (IREN) 12%. Source
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader. Source
Over the past five years, the ratio has risen from 0.02 to a peak of above 0.08 in early 2022, meaning ETH quadrupled in value relative to BTC at the time. Since then, it’s been on decline. Even as BTC set a lifetime high, ether has yet to break through its high from 2021 and is down 46% from its peak. Source
We have today issued a series of recommendations to AI developers and providers to ensure they are better protecting job seekers’ information rights. AI is increasingly being used in the recruitment process to save time and money, helping to source potential candidates, summarise CVs and score applicants. If not developed lawfully, these tools may negatively impact jobseekers who could be unfairly excluded from roles or have their privacy compromised. We audited several providers and developers of AI tools for recruitment and made almost 300 recommendations, such as ensuring personal information…
“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win,” one trader said. Source
We have shared key questions organisations should ask when procuring AI tools to help with their employee recruitment. Many recruiters may be looking to procure these tools to improve the efficiency of their hiring process, helping to source potential candidates, summarise CVs and score applicants. If not used lawfully, however, AI tools may negatively impact jobseekers who could be unfairly excluded from roles or have their privacy compromised. We recently audited several providers and developers of AI tools for the recruitment industry, which uncovered considerable areas for improvement, such as…
Crypto has not been a major issue through this election cycle, though Trump, the Republican candidate for president for a third election in a row, did a great deal of outreach to the crypto industry, by speaking at a bitcoin conference, handing out burgers at a crypto bar and otherwise making statements appealing to the industry, including promising to fire Securities and Exchange Commission Chair Gary Gensler. Harris, the Democratic candidate, has on a handful of occasions shared some general comments about supporting the industry but did not delve deeply…
An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices. Source
With the aid of tens of millions the industry spent in Ohio through its Fairshake political action committee, Sherrod Brown’s long Senate career is over and a blockchain businessman, Bernie Moreno, will take his place. The loss of Brown, the Democratic chairman of the Senate Banking Committee, also contributed to the Republicans seizing the Senate majority, meaning Brown’s committee will have a new GOP chairman who will likely welcome crypto legislation rather than leave it in limbo, as Brown had. Source