Bitcoin bull and Microstrategy co-founder Michael Saylor said the latest Ordinals craze has been a catalyst for Bitcoin adoption “Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, its a catalyst,” said Saylor on the PBD Podcast. He roped in bank failures, hyperinflation, regulators calling…
United States President Joe Biden recently shared an infographic on Twitter, calling to end “tax loopholes” that allegedly help wealthy crypto investors. Members of the community responded to the tweet, questioning the figures shared by the president and if the said loopholes do exist. Cutting such loopholes would save about $18 billion according to Biden. However, the president did not…
Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong Kong’s central banking institution has…
The Aragon Association has pulled plans to give ANT holders voting rights over its DAO in the wake of the attack. Source: https://cointelegraph.com/app/public/index.php/news/aragon-launches-defensive-measures-against-arca-s-51-attack
An artificial intelligence (AI) chatbot dubbed “Wendy’s FreshAI,” will take orders from Wendy’s drive-thru customers after the fast-food chain partnered with Google Cloud to create the bot. Over three-quarters of Wendy’s customers prefer to place their orders via drive-thru, according to a May 9 announcement from Google Cloud and the Tech Giant claimed using a chatbot to service these customers…
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization. The Aragon Association, a Switzerland-based organization that oversees the management of Aragon said in a May 9 tweet it exercised its “fiduciary duty” to secure its treasury…
U.S. President Joe Biden set forth an unexpected dichotomy on Tuesday, saying “MAGA House Republicans” support “tax loopholes that help wealthy crypto investors,” and oppose food safety inspections. Biden’s Twitter post was in support of his proposed fiscal year 2024 budget, which has so far failed to meaningfully advance given united Republican opposition in the U.S. House. Biden notes that…
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.” Nigerian Federal Government Accused of…
Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst. On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block space demand, adding: “Unlike conventional…
It comes after Coinbase launched a campaign on March 9 called “It’s time to update the system.” OKX’s message came at the end of a 60-second video campaign launched May 9 that takes aim at the so-called “broken ways” of the centralized financial system. Crypto exchange OKX has seemingly called out rival exchange Coinbase in a new global ad campaign…
