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California Legislature Approves State Crypto Regulation Bill California Legislature Approves State Crypto Regulation Bill

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California Legislature Approves State Crypto Regulation Bill

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California Gov. Gavin Newsom is due to sign a recently passed bill that would require digital asset exchanges and other crypto companies to obtain a license to operate in the state.

California Legislature Approves State Crypto Regulation Bill

Thus, the law should equalize cryptocurrency companies with “traditional” firms. By September 30, the governor must either sign the bill or veto it. If approved, the document will enter into force in January 2025.

California Legislature Approves State Crypto Regulation Bill

The California Digital Financial Assets Act is based on the New York State BitLicense rules introduced in 2015.

“While the newness of cryptocurrencies is part of what makes investing exciting, it also makes it more risky for consumers because the crypto business is not properly regulated and doesn’t have to follow many of the same rules that apply to everyone else,” he noted. Assemblyman Timothy Grayson, lobbyist and sponsor of the bill, in his statement.

Among the requirements of the California document is a ban on the issuance of stablecoins by issuers that do not have the status of a bank or have not received a license from the State Department of Financial Protection and Innovation. The restriction will be phased out by 2028.

Another provision in the bill’s stablecoin section would require “stablecoin” issuers who hold securities as a reserve to have an amount “not less than the combined sum of all outstanding stablecoins issued or traded in the United States.” In addition, the bill provides that total market value must be calculated using United States generally accepted accounting principles.

In the aggregate of the proposed measures, the bill introduces stricter regulation and supervision of the industry. The NYC BitLicense Code of Practice has been repeatedly criticized for being too strict. His action led to the departure of some crypto companies from the state. The need for easing the rules was even announced by the State Financial Services Authority.

The California option was opposed by the industry lobbying organization Blockchain Association.

“The bill introduces short-sighted and unhelpful restrictions that will hinder the work of crypto innovators and push many out of the state,” the group said in a statement.

In the California Assembly, the bill received 71 yes and no votes. Nine members of the assembly abstained from voting. In the Senate, the bill received 31 “yes” and six “no” votes, with all six votes being Republican senators.

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Components

Is the cheapest video card of the current generation now from Intel? Arc A310 appeared on the company’s website

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Is the cheapest video card of the current generation now

Intel is indeed gearing up to launch the ultra-affordable Arc A310 graphics card. Yesterday the company introduced the flagship Arc A770 and new processors, but the A310 quietly registered on the company’s website.

Is the cheapest video card of the current generation now from Intel?  Arc A310 appeared on the company's website

It has only 6 Xe cores, that is, 768 FP32 blocks. The GPU runs at 2100 MHz, and there is also 4 GB of GDDR6 memory at 15.5 GHz and a 64-bit bus.

Is the cheapest video card of the current generation now from Intel?  Arc A310 appeared on the company's website

The card does not have a price, but with such parameters it cannot be large. In addition, the same Arc A380 is priced at only $140, while the A310 should be cheaper. This will mean that it is the Arc A310 that will become the cheapest current generation video card on the market, since the Radeon RX 6400 and GeForce GTX 1630 (if it can be attributed to the current generation at all) are simply more expensive.

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Phones

How do you like that, Apple? Garmin has introduced a satellite communicator for all smartphones

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How do you like that Apple Garmin has introduced a

While the iPhone 14 with its support for satellite communications is just entering the market, other manufacturers are offering their solutions. Garmin introduced the inReach Messenger device, which allows you to send and receive text messages via a satellite network. So far, only Iridium system support has been announced.

How do you like that, Apple?  Garmin has introduced a satellite communicator for all smartphones

The device pairs with Garmin solutions, including smartwatches, navigators, and more, as well as smartphones running iOS and Android. This is done using the Garmin Messenger app. Once connected, it can receive and send messages, transmit coordinates or send an SOS signal.

The inReach Messenger has its own screen, and the system itself is powered by a battery that lasts for 28 days of operation.

The novelty is equipped with an impact-resistant case with protection level IPX7, its dimensions are 80 x 60 x 15 mm, and the weight is 115 grams. The price of the communicator is $300, for data transmission you need to subscribe – 10 messages per month for $15, 40 messages out of $35 or unlimited for $65 per month.

Earlier it was reported that Samsung Galaxy smartphones will receive satellite communication support, like the iPhone 14 and Huawei Mate 50

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Components

It’s cooler than Apple and Microsoft: Intel introduced the Unison program for synchronizing messages and photos between iPhone, Android and PC

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Its cooler than Apple and Microsoft Intel introduced the Unison

Intel has announced a new program called Unison that will allow you to connect iOS and Android smartphones to PCs with Intel processors. This will make it possible to actually transfer all the main functions of smartphones to a PC. This program was shown along with a PC with a sliding screen.

Its cooler than Apple and Microsoft Intel introduced the Unison

The new program will allow you to make and receive calls on your PC using your smartphone, send and receive text messages, transfer photos and files, and receive various notifications.

It’s somewhat similar to the Link to Phone app in Windows 10 and Windows 11, but Unison offers more options. If Link to Phone only works with Samsung smartphones and some other brands, then the new system will appear for all mobile devices. At the same time, the iPhone version will be slightly less functional – this applies to text messaging and managing third-party applications. All this is due to the restrictions put forward by the company from Cupertino.

At the first stage, the new feature will be available only to owners of laptops based on 12th generation processors released by Acer, HP and Lenovo. These laptops are part of the Intel Evo program. After the release of models on chips of the 13th generation, the list will expand.

Note that there is a similar one on the MacBook, where you can synchronize data with the iPhone. Now the same is expected on Windows.

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