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Coinbase says deal reached on key provision of crypto bill
Coinbase said a compromise on a key stablecoin rewards provision could clear the way for landmark U.S. crypto legislation to advance in the Senate. The deal reportedly narrows restrictions on yield-like rewards while preserving the ability of crypto users to earn incentives tied to real activity on digital asset platforms.
The proposed bill, part of the broader Clarity Act framework, has been stalled by tensions between banks and crypto firms over stablecoin yield and deposit competition. The latest compromise also calls for new stablecoin disclosure rules and a list of permitted reward activities, as lawmakers try to create clearer regulations for the crypto industry.
Read the original article here: https://www.msn.com/en-ca/money/topstories/coinbase-says-deal-reached-on-key-provision-of-crypto-bill/ar-AA22cskB?ocid=BingNewsVerp
UK government announces plans to grow national AI infrastructure
The UK government has announced major new plans to strengthen Britain’s AI hardware infrastructure and position the country as a global leader in artificial intelligence.
Technology Secretary Liz Kendall emphasised that a sovereign AI strategy is essential for the UK’s long-term economic growth and national security. She confirmed that a new AI Hardware Plan will be officially launched at London Tech Week in June.
The UK will also work more closely with “middle-power” nations to help shape international AI standards and regulations. Kendall highlighted plans to deepen collaboration with countries including Germany, France, Canada, Japan, and South Korea, while continuing to maintain its strong strategic relationship with the United States.
This comprehensive sovereign AI push aims to enhance Britain’s technological independence, attract investment, and secure the country’s competitive edge in the global AI race.
Read the original article here: https://www.techrepublic.com/article/uk-government-announces-plans-to-grow-national-ai-infrastructure/
Sierra Leone signs permit with Shell allowing offshore surveys
Sierra Leone has signed an agreement with Shell to conduct advanced offshore geological and geophysical surveys across multiple blocks, aimed at unlocking the country’s deepwater oil and gas potential. The reconnaissance permit covers about 20,600 square kilometres and will include basin modelling and petroleum systems analysis.
Officials said the programme is designed to de-risk the basin, improve technical understanding and attract credible global investors ahead of future licensing rounds. Shell said the agreement is non-binding and does not commit the company to proceed, with any next steps subject to regulatory processes and due diligence.
Read the original article here: https://www.msn.com/en-us/news/world/sierra-leone-signs-permit-with-shell-allowing-offshore-surveys/ar-AA21t5o0?ocid=BingNewsVerp
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