Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment System Indonesia will introduce a…
The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new report. The United Kingdom is currently working on a crypto regulatory framework that would mix existing financial asset laws with new crypto-specific rules. However, in a May 17…
“I am the reason OpenAI exists,” Tesla and Twitter CEO Elon Musk said Tuesday in an interview with CNBC. When asked by interviewer David Faber how much he invested in the creator of ChatGPT, Musk replied, “I’m not sure the exact number, but it’s some number on the order of $50 million.” “It wouldn’t exist without me,” he added. Elon…
“I am the reason OpenAI exists,” Tesla and Twitter CEO Elon Musk said Tuesday in an interview with CNBC. when asked by interviewer David Faber how much he invested in the creator of ChatGPT, Musk replied, “I’m not sure the exact number, but it’s some number on the order of $50 million.” “It wouldn’t exist without me,” he added. Elon…
Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network. Source: https://cointelegraph.com/public/index.php/news/lightning-labs-launches-updated-protocol-bitcoin-brc20-congestion
Bitcoin (BTC) users have been given a possibly more efficient way to mint new assets on the blockchain aft an updated edition of the recently-rebranded Taproot Assets Protocol was released by Lightning Labs. In a May 16 blog post, Lightning Network infrastructure firm Lighting Labs criticized the current methods by which assets are inscribed on the Bitcoin blockchain calling them…
United States District Judge Analisa Torres made the order on May 16 in a win for Ripple. Source: https://cointelegraph.com/app/public/index.php/news/sec-ripple-court-denies-sealing-hinman-documents
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on the concept of how the group can respond to this interest,” she detailed. “Many countries are looking…
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intermediate Horizen cryptocurrency (ZEN) appeared as a result of the ZClassic hard fork, which is a fork of Zcash. Horizen cryptocurrency was formerly named ZenCash. The main aim of the development is to ensure users’ anonymity. At the end of 2019, ZEN cryptocurrency price began to grow. What are the prerequisites for asset growth? Find out in Horizen (ZEN) price…
