US lawmakers unite against AI abuse, support NO FAKES Act
A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators' rights.
A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators' rights.
Kraken firmly disputes SEC allegations, citing the lack of clarity in federal securities law and overreach in its regulatory scope.
Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.
It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws.
According to BlockBeats, the number of initial jobless claims in the United States for the week ending September 7 reached 230,000. This figure aligns with the expected number of 230,000 claims. The previous week's number was revised from 227,000 to 228,000.
According to Odaily, the European Central Bank (ECB) has reduced its deposit facility rate for the second time within its current cycle, lowering it from 3.75% to 3.50%. This adjustment brings the rate to its lowest level since June 2023 and aligns with market expectations.As of September 12, the ECB's main refinancing rate stands at 3.65%, consistent with forecasts and down from the previous rate of 4.25%. The deposit facility rate, also as of September 12, is now 3.50%, matching market predictions and down from the prior rate of 3.75%.
According to CoinDesk, Russia's largest banks are required to support a digital version of the ruble for customers starting July next year. This initiative by the Bank of Russia aims to facilitate the use of the digital ruble for both retail and commercial purposes. The central bank has mandated that these banks enable their customers to open and top up digital ruble accounts, make transfers, and accept digital rubles within their infrastructure. Following this initial phase, the widespread use of the digital national currency is planned, ensuring it is accessible to citizens and businesses alike, allowing them to use it on an equal basis with cash and non-cash funds.The digital ruble is a central bank-issued digital currency (CBDC). Globally, banks have been exploring the use of CBDCs for various purposes, including retail, institutional, and wholesale applications. Some countries, such as the Bahamas and Nigeria, have already introduced their own CBDCs. In Russia, the central bank has been testing its CBDC with 12 banks. Earlier this month, the trials expanded significantly, involving 9,000 participants, up from the initial 600.
According to BlockBeats, on September 12, XTB MENA market analyst Milad Azar noted that Eurozone government bond yields have increased ahead of the anticipated rate cut by the European Central Bank (ECB). Azar stated in a report that yields might eventually decline if there are further indications of rate cuts. He mentioned, 'After the ECB announces its rate decision, yields may resume their downward trend, especially if the ECB hints at additional rate cuts.' The market has fully priced in the expectation that the ECB will lower the deposit rate by 25 basis points tonight. According to Tradeweb data, the yield on 10-year German government bonds rose by 2.5 basis points during the day, reaching 2.123%.
According to Odaily, Naoki Tamura, a member of the Bank of Japan's board, has emphasized the necessity of timely and gradual interest rate increases. The current market perspective on the interest rate trajectory is progressive.
According to Odaily, several U.S. lawmakers sent a letter to SEC Chairman Gary Gensler on September 11, expressing concerns over potential politically motivated hiring practices within the agency. The joint letter, signed by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.), outlines specific worries regarding political considerations in SEC's recruitment of senior employees.The investigation aims to determine whether the SEC has taken political affiliations into account when hiring senior staff, potentially compromising the agency's impartiality and violating federal law. The lawmakers cited evidence suggesting that under Gensler's leadership, political factors have influenced the hiring of senior personnel. The letter specifically mentions Dr. Haoxiang Zhu, who was appointed as Director of Trading and Markets in November 2021. Reportedly, prior to his appointment, Zhu assured Gensler of his political compatibility in an email dated May 2021, stating, 'I believe I am in the right place politically,' following discussions with Gensler about the role.