Illustration by Mitchell Preffer for Decrypt This week saw several surprising developments for the crypto ecosystem—some positive, some troubling. On Monday, an Ethereum NFT of the photo that inspired the Dogwifhat meme and eventual multi-billion dollar meme coin phenomenon sold at auction—for a whopping $4.3 million worth of ETH. Congrats, Achi! On Nov. 17, 2018, Achi’s owners captured him in…
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […] Source: https://news.bitcoin.com/eu-anti-money-laundering-laws-ban-provision-of-services-for-anonymous-cryptocurrency-accounts/
Award-winning musician Akon recently pleaded with his fans on a video-sharing website not to request him to record crypto-related messages. However, in a post on the website, the music producer did not share reasons for his newfound disinterest in cryptocurrencies. Singer Unwilling to Endorse Crypto A few years after promoting the futuristic, Wakanda-style city in […] Source: https://news.bitcoin.com/rb-artist-akon-tells-fans-not-to-request-crypto-related-messages/
According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains […] Source: https://news.bitcoin.com/japanese-crypto-influencer-calls-ethereum-improvement-proposal-4844-a-layer-1-middle-ground/
Blackrock’s head of digital assets has revealed that bitcoin is the overwhelming favorite cryptocurrency for the asset management firm’s clients. “And then a little bit Ethereum, and very little everything else,” he added. Blackrock’s spot bitcoin exchange-traded funds (ETF), the Ishares Bitcoin Trust (IBIT), has amassed approximately 243K bitcoins since its launch. Blackrock’s Head of […] Source: https://news.bitcoin.com/bitcoin-tops-crypto-priority-for-blackrock-clients-as-ibit-holdings-reach-243k-btc/
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of […] Source: https://news.bitcoin.com/renowned-investor-jim-rogers-expects-all-cryptocurrencies-to-disappear-says-bitcoin-will-go-to-zero-someday/
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals […] Source: https://news.bitcoin.com/robert-f-kennedy-jr-sees-cryptocurrency-as-the-best-inflation-hedge-says-crypto-takes-control-away-from-the-government/
The U.S. government has attempted to persuade Kenyan officials to lift the suspension of Worldcoin’s operations in the country, but these overtures have been rejected, the Kenyan Interior cabinet secretary has said. The Kenyan government is also considering restricting officials’ use of the social media platform Tiktok. No Review of the Suspension Decision The Kenyan […] Source: https://news.bitcoin.com/kenya-resists-us-governments-lobbying-for-worldcoin-considers-limiting-use-of-tiktok/
Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game…
John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to […] Source: https://news.bitcoin.com/ftx-ceo-disputes-sam-bankman-frieds-claims-of-solvency-and-no-harm-to-creditors/
