MakerDAO, the decentralized autonomous organization (DAO) behind the Dai stablecoin and its related Maker governance token, recently announced a slew of planned updates to its ecosystem, including a heavy focus on artificial intelligence (AI) technologies and the planned development of a new blockchain. Beginning with an upgrade to unify the organization’s brand, the new roadmap details a five-phase project called…
Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently established BRC20 token economy has…
The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes. Source: https://cointelegraph.com/app/public/index.php/news/florida-governor-signs-cbdc-bill-into-law-restricting-some-uses-of-us-and-foreign-cbdcs
Ignore the doomsayers. The United States is still the world’s leading economy and will remain so in the future. With its global talent pool and world-class institutions, the U.S. has a competitive edge in virtually every emergent technology. Web3 is no exception. Despite its advantages, America is bungling its chance to dominate the digital economy. In what Messari CEO Ryan…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG MechaFightClub, an NFT game from Irreverent Labs on Solana, is halting development indefinitely because its makers believe that crypto’s future in the United States is too uncertain right now amid regulatory challenges. “We don’t see a clear path forward to launch the economy from the U.S.,” Irreverent Labs CEO…
United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair. In a May 12 notice from the White House, President Biden said he would put forward Fed governor Philip Jefferson’s name to become the next vice chair of the…
Texas lawmakers vote to add digital currency to the state’s Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading. Source: https://cointelegraph.com/app/public/index.php/news/texas-bill-of-rights-crypto-digital-currency-voting
Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources. The governor urged state lawmakers in March to draft the bill. The new law prohibits the use of a United States federal CBDC “as money within Florida’s Uniform Commercial Code (UCC).” It also bans the use…
Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Source: https://cointelegraph.com/news/price-analysis-5-12-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
The promise of Web3’s manifesto of decentralization is to shake up industries that have been ossified by centralization—and now Web3 has Hollywood in its sights. Few industries are more ripe for decentralized disruption than film, with its high barriers to entry, gatekeepers, and rent-seeking middlemen carving off a share of the profits. Leading the charge is MetaCannes, which is bringing…
