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Biden wants to boost crypto industry revenue to 24 billion Biden wants to boost crypto industry revenue to 24 billion

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Biden wants to boost crypto industry revenue to $24 billion

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Today, US President Joe Biden made budget proposals, one of which promises to come as an unpleasant surprise to crypto industry representatives and investors, as it involves imposing a capital gains tax on some investors and applying the fictitious sale rule to cryptocurrencies.

Biden wants to boost crypto industry revenue to $24 billion

Daily Express illustration

This will put an end to the strategy of selling cryptocurrencies at a loss to fix losses that are not taxable. In the future, the investor again redeems the same amount of assets. US law already prohibits such manipulation of stocks and bonds.

“If the proposal is approved, many cryptocurrency holders who entered this space after the market peaks of 2021 will suffer huge losses,” said Koinly spokesman Danny Talwar.

The Biden plan also proposes to nearly double the capital gains tax rate for investors earning at least $1 million to pay 39.6% on long-term investments, up from the current 20% rate. He also plans to raise the income tax on corporations and wealthy Americans.

Earlier, former Biden adviser Dalip Singh said that the government is actively working to promote the digital dollar in order to oust private cryptocurrencies from the market. He explained this by the fact that such assets are used to implement fraudulent schemes and circumvent sanctions.

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NASA postpones first manned flight of Boeing’s Starliner

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NASA postpones first manned flight of Boeings Starliner

NASA announced the postponement of the first test manned flight of the Boeing CST-100 Starliner. It will take place not in April, but in May, after the Axiom Mission 2. Reportedly, the team is now assessing the readiness of the ship and conducting final pre-flight checks.

NASA postpones first manned flight of Boeing's Starliner

The reason for the delay was the need for additional testing of the Starliner manual control system. It is needed in case of a software failure so that the ship does not lose control.

The first Starliner crew will include astronauts Barry Wilmore and Sunita Williams. If everything goes according to plan, they will have to spend about two weeks on board the ISS. After the successful return of the ship, it will receive NASA certification for regular manned flights, such as SpaceX previously received with its Crew Dragon spacecraft.

Note that the development of Starliner has been going on since 2014, but so far the ship has not received permission for regular flights.

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Former head of Google China is preparing his own AI that will surpass ChatGPT

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Former head of Google China is preparing his own AI

Looks like the AI ​​race is just getting underway. Former Google China president and Chinese-Taiwan venture capitalist Li Kaifu has revealed that he is launching a new AI project called Project AI 2.0. And this is not just another chatbot similar to ChatGPT. The novelty will be able to offer more than just the generation of pictures and text.

Former head of Google China is preparing his own AI Generated by the Midjourney neural network

Details about the project have not yet been given, but it is already known that Kaifu has funded the computing power for Project AI 2.0 and intends to attract the best specialists from around the world for his project.

According to the businessman, the technology that is being created for Project AI 2.0 may become the most significant in the world in the near future. At the same time, there is no information about the launch date.

Li Kaifu announced his plans after Chinese technology companies including Baidu, Alibaba and Tencent announced their versions of ChatGPT-like chatbots. However, despite the competition, the former head of Google China is confident that Project AI 2.0 will be able to stand out from the rest due to its focus on global reach and productivity applications.

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In China, an orgy of discounts on cars is raging. Discounts reach 5000-6000 dollars, and somewhere they can give a whole car

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In China an orgy of discounts on cars is raging

In China, prices for cars fell. According to the Chinese Cars resource, many brands or their dealers offer cars at huge discounts, and in one case, you can get a second car as a gift!

In China, an orgy of discounts on cars is raging.  Discounts reach 5000-6000 dollars, and somewhere they can give a whole car

Almost all major market players offer discounts. The Chery Tiggo 8 Plus, for example, is on sale for around $4,500, bringing the base version to just $14,000. BYD machines are on sale with discounts up to $3,000.

The premium brand Zeekr lures otherwise: the 001 electric car is offered 22-inch wheels and a Z-Sport exterior and interior package, which would cost $5,100 in total. The Changan Deepal sub-brand offers both discounts and gifts at once, for a total of approximately $6,400.

But one of the Toyota dealers did the most impressive. When you buy the bZ4X electric crossover at full price, you get a budget Toyota Vios sedan as a gift, which in itself costs almost $11,000!

The situation with huge discounts began to take shape since the beginning of the year, when Tesla cut the prices of their cars very much. The source adds that most of the discounts do not apply to the newest gasoline models, but, as we can see, there are exceptions.

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