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Fixed-Rate Market Upgrade 🔧 We're upgrading our fixed-rate interest model, During the upgrade window, the fixed-term markets will temporarily pause borrowing and repayments. All Flexible markets are c

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• USD/ZAR rose on Tuesday as investors weighed heightened geopolitical tensions linked to the Iran conflict, which boosted demand for the U.S. dollar and pressured emerging-market currencies like the 

FxWirePro: USD/ZAR recovers some ground but upside is limited - EconoTimes

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On April 21, Fed Chair nominee Walsh stated that the Federal Reserve should reduce its reliance on forward guidance and warned that excessive transparency could hinder policy flexibility when circumst

Walsh: Fed Should Gradually Reduce Forward Guidance

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Vote to help HTX win & share 300 USDT!NY lawmaker proposes ‘AI dividend’ to address potential job losses A New York state assemb

NY lawmaker proposes ‘AI dividend’ to address potential job losses



A New York state assemblymember and congressional candidate has proposed an artificial intelligence dividend program for US citizens to address potential job losses stemming from advances in AI technology.

In an X post on Sunday, New York lawmaker Alex Bores outlined a plan to prepare the US and its citizens for the "potential large-scale displacement of human labor by artificial intelligence."

"Today, I'm proud to announce the AI Dividend, my plan to prepare for the AI economy with direct payments to Americans funded by tax reform that simultaneously incentivizes hiring humans instead of AI," he said.

Bores' move comes amid growing concerns that AI could eventually drive mass unemployment. According to a recent Goldman Sachs report, AI adoption has resulted in the loss of about 16,000 jobs per month over the past year.

Alex Bores’ proposed AI dividend program. Source: Alex Bores

The proposed program would be funded through avenues such as a tax on AI use, equity stakes in leading AI companies, and tax reforms to the "treatment of labor and capital."

Bores is currently touting the policy as part of his run for a seat in Congress, and its progress in getting off the ground may be dependent on the success of his campaign.

Alongside paying dividends to US citizens, the funds would also go toward investments in "workforce transition, training and education" and establishing oversight and safety infrastructure.

Related: One year under Paul Atkins, SEC's crypto stance shows break with past

"At its core, the AI Dividend is simple: if AI dramatically increases productivity and concentrates wealth, the American people have a stake in those gains,” the dividend plan read.



NY lawmaker proposes ‘AI dividend’ to address pote

$ZRX is gradually climbing with a +3.36% increase, reflecting a steady accumulation phase rather than aggressive speculation. The structure indicates a potential buildup before a larger move. If resis

HTX DAO's First Hackathon Launches!

Claim1,200 USDT in the Monthly Creation ChallengeHTX Community April Creation ContestPost To Earn BonusDoorDash is working with Stripe-backed Tempo blockchain to bring stablecoin-powered payouts to it

Claim1,200 USDT in the Monthly Creation Challenge

DoorDash is working with Stripe-backed Tempo blockchain to bring stablecoin-powered payouts to its global marketplace.

Stripe, Coastal Bank and Latin American fintech ARQ are also beginning to run parts of their payment operations on stablecoin rails with Tempo.

Stripe, a payments giant that processes nearly $2 trillion in payment flows annually, is increasingly betting on stablecoins and blockchain becoming a core layer for global money movement.

DoorDash is bringing stablecoin payments to masses

The BIS General Manager has said that existing stablecoins fall short of the requirements for a widely accepted and used payment instrument. Stablecoins Remain A “Niche” Payment Instrument Pablo Herná

The BIS General Manager has said that existing stablecoins fall short of the requirements for a widely accepted and used payment instrument.

Stablecoins Remain A “Niche” Payment Instrument

Pablo Hernández de Cos, General Manager at the Bank for International Settlements (BIS), spoke on the topic of stablecoins at a Bank of Japan seminar in Tokyo on Monday. The BIS is an international financial institution that serves as a bank for central banks. It’s owned by constituent central banks, of which there are 63 in total at the moment. The institution has been vocal about its concerns regarding stablecoins in the past.

Stablecoins are cryptocurrencies that have their price tied to a fiat currency. In recent years, these tokens have gained popularity, inviting regulation from major economic hubs.

Since stables run on blockchain technology, they naturally offer relatively cheap 24/7 transactions. This has made their main use, besides being a store of value, as a mode of payments.

Stablecoins try to mimic fiat currencies, but do they count as “money”? de Cos has discussed the two features that decide the “moneyness” of an instrument: singleness and interoperability.

First, singleness is the idea that different forms of money should be perfectly substitutable at par across financial intermediaries and platforms. In fiat economics, this is facilitated by central banks. For the decentralized stablecoins, there is no such central settlement so deviations can emerge.

Though, these differences tend to be relatively modest. “Yet confidence shocks can widen discounts abruptly and, when they do, users may refuse to accept certain stablecoins, as seen on several occasions in the past,” said de

The BIS General Manager has said that existing stablecoins fall short of the requirements for a widely accepted and used payment instrument.

Stablecoins Remain A “Ni

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Fantastic breakdown of the what, why and hows of FIP-101 from @Fractal_TLB.🤩 As highlighted, FIP-101 is not just about reward allocation, it's about building a more sustainable indexing layer for Frac

Claim1,200 USDT in the Monthly Creation ChallengeHTX Community April Creation ContestPost To Earn BonusBitcoin is holding above the key $75,000 level, but traders are wary that the looming expiration 

Bitcoin is holding above the key $75,000 level, but traders are wary that the looming expiration of the U.S.–Iran ceasefire could trigger sharp moves across risk assets.

Markets are also focused on Federal Reserve chair nominee Kevin Warsh’s Senate confirmation hearing, which could sway expectations for interest-rate policy and broader asset prices.

After the weekend's hack of KelpDAO that hit Aave’s ecosystem and drove its token sharply lower, DeFi and memecoin indexes are posting gains


Bitcoin trades above a make-or-break level ahead o

A critical counterweight The need for a "conterrevolution" Advertisement Former U.K. Prime Minister Liz Truss has embraced cryptocurrency as a necessary tool to dismantle the financial establishment. 

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