Illustration by Mitchell Preffer for Decrypt Despite a drop in crypto prices set off by discouraging inflation figures, Crypto Twitter managed to have quite a lot of fun this week, inspired by reasons ranging from genuine technological progress to good old-fashioned schadenfreude. On Wednesday, Ethereum’s much-anticipated Dencun upgrade went live, substantially lowering transaction costs across Ethereum layer-2 networks via a…
Starbucks has said it will discontinue its Odyssey non-fungible token beta program and members “have until March 25, 2024, to complete any remaining journeys.” Starbucks stated on its FAQ page that it will keep its NFT community in mind and is working to find a place for its members to connect in the future. Starbucks […] Source: https://news.bitcoin.com/starbucks-discontinues-nft-program-to-prepare-for-what-comes-next/
The Nigerian Securities Regulator has proposed a rule requiring virtual asset service providers to be incorporated and maintain an office within Nigeria. The regulator has also suggested a fivefold increase in the registration fee, which must be submitted alongside license applications from prospective crypto exchanges. Proposed Regulations to Foreign Operators Targeting Nigerian Users According to […] Source: https://news.bitcoin.com/nigeria-proposes-rule-requiring-foreign-crypto-exchanges-to-incorporate-in-the-country/
Indian Finance Minister Nirmala Sitharaman has stated that it is the position of the Indian government that crypto assets cannot be currencies, which are issued by central banks. She clarified that crypto assets can be used for trading, speculation, profit-making, and various other purposes. Moreover, she noted that India has raised the issue of crypto […] Source: https://news.bitcoin.com/indian-finance-minister-says-crypto-assets-cannot-be-currencies-expects-some-framework-emerging-from-g20-discussion/
Cetera Financial Group, a platform with $475 billion in assets under administration and $190 billion in assets under management, has approved four U.S. spot bitcoin exchange-traded funds (ETFs) for use in brokerage accounts on its platform. “We are prudently embracing bitcoin ETFs and we prioritized developing this important guidance to help our financial professionals implement […] Source: https://news.bitcoin.com/200b-financial-group-cetera-approves-4-spot-bitcoin-etfs-on-its-platform/
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the […] Source: https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/
Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin rises, there can only be 21 million coins. “That’s why […] Source: https://news.bitcoin.com/robert-kiyosaki-highlights-problem-with-gold-silver-and-oil-praises-bitcoins-limited-supply/
After the U.S. investment advisor Vanguard chose not to offer spot bitcoin exchange-traded funds (ETFs), its CEO Tim Buckley, in a recent discussion, described bitcoin as a speculative asset, unfit for inclusion in long-term investment portfolios. Vanguard’s CEO Confirms: No Change in Bitcoin ETF Policy, Cites Speculation Concerns Reaffirming Vanguard’s perspective on bitcoin during a […] Source: https://news.bitcoin.com/not-a-store-of-value-vanguard-ceo-labels-bitcoin-too-speculative-for-long-term-portfolios/
In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s money.” SBF’s Path From Finance Tycoon […] Source: https://news.bitcoin.com/prosecutors-demand-50-years-for-bankman-fried-citing-ftx-founders-repeated-gambles-with-other-peoples-money/
Social media giant Reddit has revealed that it is under investigation by the Federal Trade Commission (FTC) over its data licensing practices for artificial intelligence training. The disclosure comes as the company prepares for its long-awaited initial public offering. The disclosure appeared in an amended S-1 registration statement filed with the Securities and Exchange Commission yesterday, submitted the day after…
