The bill would criminalize the creation or issuance of new “endogenously backed stablecoins” like TerraUSD (UST) under the current bill. However, the legislation includes a grace period of two years for existing algorithmic stablecoin providers to change their models and ensure they are offered differently.
The draft law obliges the US Treasury to conduct a study of algorithmic stablecoins. The consultations will include the Federal Reserve System (FRS), OCC, the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission.
One of The Block’s sources noted that issuers of stablecoins backed by fiat currency will fall under the control of banking regulators and the Fed. Financial institutions will be able to issue their own “stable coins” under the supervision of the FDIC and OCC.
According to the media, emission without the approval of the authorities threatens with imprisonment for up to five years and a fine of $1 million.
The current version of the document is under discussion between House Financial Services Committee Chair Maxine Waters and Congressman Patrick McHenry. The latter, according to sources, has not yet approved the bill.
Recall that the reason for the attention from the House of Representatives was that TerraClassicUSD (USTC), formerly known as TerraUSD (UST) is an algorithmic stablecoin that lost its 1:1 peg to the US dollar in early May, hitting an all-time low of $0.006 in mid-June, resulting in losses of tens of billions of dollars.
The team of the popular Antutu benchmark has published a fresh monthly rating of the most productive Apple mobile devices.
At the end of September, it became clear how good smartphones in the new iPhone 14 line are in terms of performance. According to Antutu experts, although the iPhone 14 did not perform very well, the iPhone 14 Pro still boasts good results thanks to the A16 SoC and 6 GB of RAM.
As we can see, the iPhone 14 Pro managed to take 4th place in the ranking, losing in performance to Apple tablets – iPad Pro 5 of different diagonals and iPad Air 5 based on the Apple M1 SoC. At the same time, the more expensive and larger iPhone 14 Pro Max took fifth place, scoring less than the iPhone 14 Pro.
According to Antutu experts, the reason for this is due to the large screen size of the iPhone 14 Pro Max. Assuming that the basic configuration of the two models is almost the same, the difference in screen size gives a difference of about 2000 pixels. The base model iPhone 14 got into the Antutu rating, but only in tenth place.
Last year’s iPhone 13 Pro and iPhone 13 Pro Max took eighth and seventh places, respectively, and the iPhone 13 was not included in the ranking.
The data was collected from September 1 to September 30, 2022. It is worth noting that the table shows the average, not the highest results, while at least 1000 tests were used for each model.
As it became known, the annual Qualcomm Snapdragon Summit will be held from November 14 to 17. The flagship SoC Snapdragon 8 Gen2 is expected to be unveiled at the event.
Presumably, the first flagship smartphone will be officially presented, in which Snapdragon 8 Gen2 will debut. In addition, manufacturers will announce support for the platform and promise to release new products.
Mydrivers writes that almost every Chinese manufacturer has already received a new chip, while some received it quite a while ago. The Snapdragon 8 Gen2 is expected to be manufactured on TSMC’s 4nm process and use the new “1+2+2+3” eight-core architecture. The super core will be replaced by Cortex X3, which will have 22% higher performance than Cortex X2.
In addition, the GPU of the chip is expected to be upgraded to Adreno 740 and the X70 5G modem will support download speeds up to 10Gbps. The result in AnTuTu is expected to exceed 1.2 million points.
It is expected that the first smartphone based on the new platform will be Xiaomi 13. The smartphone should formally be announced on the same day, November 14, but the full presentation will take place later.
New 2023 Toyota Corolla unveiled
Toyota has unveiled an updated 2023 Corolla family for the Japanese market. In this generation, the Japanese completely abandoned turbocharging and limited themselves to only two power plant options – a naturally aspirated gasoline engine and a hybrid.
Toyota says the 1.8-liter hybrid version has an improved electric motor, while the 1.5- and 2.0-liter petrol models have modified engines to provide improved fuel economy. In addition, a choice of new body colors with updated exterior details.
Together with the turbo engine from the Corolla range for Japan, the “mechanical” all-wheel drive with a clutch on the rear axle also disappeared. The three-cylinder 120-horsepower 1.5-liter engine became the base for the sedan and station wagon, and for the hatchback this is a 2.0-liter 170-horsepower “aspirated” engine. Both units are paired with a Direct Shift CVT.
The upgraded hybrid includes a 98-horsepower 1.8-liter naturally aspirated engine and a new electric motor, the power of which has increased from 72 hp. up to 95 hp, and the torque increased from 163 Nm to 185 Nm.
Also improved is the E-Four hybrid all-wheel drive, available only for sedans and station wagons. If earlier a very modest electric motor with a capacity of 7.2 hp was placed behind. with 55 Nm of torque, now the all-wheel drive Corolla has a 41-horsepower electric motor at the rear, delivering 84 Nm of torque.
Outwardly, the cars are distinguished by new headlights, a different radiator grille and decor, and inside, in older versions, a digital instrument model, a multimedia system with a screen enlarged to 10.5 inches and a full-time DVR appeared.
In Japan, sales began immediately at a price of $13,700 per sedan. The Touring station wagon starts at $14,300, while the Corolla Sport hatchback is offered from $15,200.
The team of the popular Antutu benchmark has published a fresh monthly rating of the most productive Apple mobile devices....
As it became known, the annual Qualcomm Snapdragon Summit will be held from November 14 to 17. The flagship SoC...
New 2023 Toyota Corolla unveiled
Toyota has unveiled an updated 2023 Corolla family for the Japanese market. In this generation, the Japanese completely abandoned turbocharging...
The best Android smartphones in terms of price and performance. Xiaomi and Redmi lose their champion status in AnTuTu ratings
The AnTuTu benchmark team has published rankings of the best Android smartphones in terms of price and performance in different...
Software6 days ago
Google Photos still messes with old photos, but a solution is on the way. The problem exists on Android and iOS
Headphones6 days ago
AirPods Pro 2 software issues may be fixed, but what about the build quality? New owner complaints
Electric Cars7 days ago
Tesla Roadster at the minimum. Chinese startup China Car Custom, in which Xiaomi has invested, introduced the SC-01 electric sports car for $42,000
News6 days ago
Samsung Galaxy S23/S23+ lost outright to Xiaomi 13 Pro in the first comparison. Accurate data on charging power appeared