- Various individuals in the blockchain and cryptocurrency industry are lambasting Sam Bankman-Fried after the FTX CEO shared a regulatory proposal that, critics claim, hamstrings decentralized finance.
- Defenders of Bankman-Fried’s proposal cite the inevitability of regulation, as well as its supposed necessity to onboard public companies into crypto.
- Decentralized finance proponents have taken to Twitter to criticize Sam Bankman-Fried after the FTX CEO shared an “industry norms manual” that suggested websites facilitating trading on decentralized exchanges should be regulated.
Bankman-Fried’s suggestion of regulation for tools enabling retail traders to access DeFi protocols triggered horror among those who argue apps like Uniswap are simply software, not a legal entity that can be censured. To DeFi proponents, these decentralized exchanges (DEXs) are different beasts to the classic central counterparties required in traditional finance: they exist purely as code allowing individuals to trade with one another.
“If you host a website that makes it easy for U.S. retail to connect to and trade on a DEX, you would likely have to register it as something like a broker-dealer/FCM/etc. You would also potentially have KYC [know your customer] obligations,” Bankman-Fried wrote on Wednesday. At the same time, the crypto exchange executive said it’s “extremely important that on-chain code and Defi remain free and open, and uncensored.”
One particularly loud voice is that of scupytrooples, the pseudonymous founder of DeFi protocol Alchemix, who tweeted a list of unsubstantiated complaints against Bankman-Fried.
“I see them using the playbook of large corporations, where they ascend to the top, and then get involved in lobbying to make rules favorable for them to hurt the competition, and ultimately cement their position there,” scupytrooples told The Block in separate comments. “No different from Amazon, Exxon Mobil, Goldman, etc.”
An advanced multi-currency handling system is now available
Businesses deal with multiple customers across borders and it is a challenging task to collect payments in their preferred currencies. This is now easy with our new advanced multi-currency handling.
The globalization of business is moving towards an integrated world which has opened up various opportunities for companies to connect and grow. When doing business around the world, some challenges can also arise, such as making or receiving payments in different currencies. Zoho Books solved this problem with this new multi-currency capability to help you easily do business around the world.
This is how Advanced Multi-Currency Management will benefit your business:
1.Manage payments in multiple currencies
Now making payments to your international customers is easy. This can be done in your preferred currency or in any non-base currency. This feature allows you to create transactions for your customers and vendors in different currencies regardless of their location.
2.Record multi-currency transactions for a contact
It can be time consuming to create multiple customers or vendors to receive or make payments in different currencies, but advanced multi-currency handling will save you a good deal of time. Enabling this will help you record transactions in different currencies under a specific customer or vendor.
3.Automatically applied exchange rates
You don’t have to worry about exchange rates now. Zoho Books will automatically get the exchange rates for the given foreign currency when the transactions are created. These exchange rates are through our third-party service provider, Open Exchange Rates, against your organization’s base currency.
4.Get a statement summary
Get a list of outstanding accounts receivable for all currencies and unused credits involved in a contact’s transactions. You can also view a detailed statement with a breakdown of all currencies involved in a contact’s transaction, all in one place.
5.Reports for more visibility
Get detailed reports of all associated transactions made for each contact. You can see the currencies traded in each contact and understand the total expenses.
Elon Musk’s Neuralink Faces Federal Probe, Employee Backlash Over Animal Tests
Elon Musk’s Neuralink, a medical device company, is under US federal investigation for possible animal welfare violations amid staff complaints that its animal tests are being sped up, causing unnecessary suffering and death.
Neuralink is developing a brain implant that it hopes will help paralyzed people walk again and cure other neurological ailments.
The previously unreported federal investigation was opened in recent months by the US Department of Agriculture’s Inspector General at the request of a federal prosecutor, according to two sources with knowledge of the investigation.
The investigation, one of the sources said, focuses on violations of the Animal Welfare Act, which governs how researchers treat and test some animals.
The investigation came at a time of growing dissent from employees about Neuralink’s animal testing, including complaints that Musk’s pressure to speed up development resulted in failed experiments, according to a Reuters review of dozens of documents and reports. . Neuralink interviews with more than 20 current and external experts. former employees.
Such failed tests have had to be repeated, increasing the number of animals being tested and killed, employees said.
Musk and other Neuralink executives did not respond to requests for comment.
Reuters could not determine the full scope of the federal investigation or whether it involved the same alleged problems with animal testing identified by employees in Reuters interviews.
A spokesman for the USDA inspector general declined to comment. US regulations do not specify how many animals companies can use for research and give scientists significant leeway in determining when and how to use animals in experiments.
Neuralink has passed all USDA inspections of its facilities, regulatory documents show.
In all, the company has killed some 1,500 animals, including more than 280 sheep, pigs and monkeys, following experiments since 2018, according to records reviewed by Reuters and sources with direct knowledge of the company’s animal testing operations. .
Sources characterized that figure as a rough estimate because the company does not keep accurate records on the number of animals tested and euthanized.
Neuralink has also done research on rats and mice.
The total number of animal deaths does not necessarily indicate that Neuralink is violating standards or standard research practices.
Many companies routinely use animals in experiments to improve human health care, and face financial pressure to get products to market quickly.
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Usai Muntahkan Awan Panas, Gunung Semeru Naik Status Jadi Awas!
Jakarta – PVMBG Badan Geologi ESDM menaikkan status Gunung Semeru dari Awas menjadi Awas. Peningkatan dari level siaga 3 ke level 4 dimulai sore ini.
Dilansir detikJateng, kenaikan status tersebut dimulai pukul 12.00 WIB. Kepala Badan Geologi PVMBG Hendra Gunawan mengimbau untuk tidak melakukan aktivitas apapun dalam radius 8 km dari puncak Gunung Semeru.
“Tidak ada aktivitas dalam radius 8 km dari puncak, dan secara sektoral ke tenggara (Besuk Kobokan dan Kali Lanang) sejauh 19 km dari puncak. Surat resmi kenaikan status akan segera disampaikan,” ujarnya. dikatakan. Hendra Gunawan dalam keterangan tertulis.
Baca artikel detiknews, “Pasca Awan Panas, Gunung Semeru Naikkan Status Waspada!” selengkapnya
Letusan Semeru terjadi sekitar pukul 02.46 WIB dengan kolom abu setinggi 1.500 meter di atas puncak gunung, sekitar 5.176 meter di atas permukaan laut.
Kolom abu terpantau berwarna abu-abu dengan intensitas sedang hingga tebal di arah tenggara dan selatan. Erupsi ini terekam di seismograf dengan amplitudo maksimum 35 mm dan durasi 0 detik.
Baca artikel detiknews, “Pasca Muntahkan Awan Panas, Gunung Semeru Naik Status Waspada!” selengkapnya .
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