Day: May 12, 2023

Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs

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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 of CBDCs issued by foreign governments and calls on other states to use their commercial codes to institute similar prohibitions. At the signing ceremony for the bill, DeSantis said he…

Bitcoin falls 10%, crashing below $27,000 as bears press on

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC), the leading cryptocurrency, is weak at spot rates, dropping about 10% in the past trading week. Experts suggest that bitcoin’s weakness could continue as some altcoins outperform the legacy coin. BTC price to dip lower? Currently, the cryptocurrency market is on edge as bitcoin struggles and upward momentum fizzles. Bitcoin’s recent decline from a high of $31,000, registered in April 2023; to its current level of just above $26,000 is raising concern, especially among…

bitcoin, ethereum, XRP, and altcoins bracing for weekend downturn

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC), ethereum (ETH), ripple (XRP), and other top 10 coins by market cap are down, sliding from recent peaks. Coins may post even more losses over the weekend. Cryptocurrency prices are struggling to regain momentum as the market grapples with several challenges, such as diminished liquidity, increased regulatory scrutiny in the United States, and macroeconomic headwinds. Cryptocurrency prices by market cap | Source: CoinGecko Bitcoin As the crypto market heads for a looming downturn, bitcoin experienced…

Musk Tweets a Milady Meme, Access to Ordinals NFTs Is Opening Up

This week, Ordinals moved further into the mainstream after leading cryptocurrency exchange Binance announced that it would soon add support for the Bitcoin-based non-fungible tokens (NFTs) in its marketplace. Meanwhile, Miladys, the eerie, wide-eyed NFT project that has spawned a cult following, saw a brief spike in its floor price after Elon Musk tweeted out a meme featuring an avatar from the collection. Source

SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO – Market Updates Bitcoin News

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Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba inu (SHIB) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO. Musk, who acquired the social media company last year, has been at…

Ripple Gains Recognition As Blockchain Leader by Dubai Government Media

The Dubai government’s official media has praised the blockchain company Ripple as a leader. The recent spotlighting is coming shortly after the firm launches its new business office in the country. Dubai Government’s Media Office Spotlights Ripple The official media Twitter page of the Dubai government spotlighted the blockchain company behind the crypto asset XRP. The tweet recognized the firm as a prominent player and a master in enterprise blockchain and crypto solutions. The government’s media office praised while responding to the expansion move into the country. It further highlighted…

Moonbirds Partners with Spotify to Enable NFT Music Unlocks

The integration of Spotify with NFT projects including Moonbirds has helped its stock rally more than 80 percent YTD. The Moonbirds (MOONBIRD), an Ethereum ERC-721 NFT token with a total supply of 10k units, has announced a strategic partnership with Spotify Technology S.A (NYSE: SPOT) to enable the NFT holders to unlock certain music creations on the online platform. According to the announcement, Moonbirds holders in the United States, the United Kingdom, and Australia, another few selected geographic regions can access Moonbirds playlist dubbed Sounds of a Digital Renaissance on…

NBCUniversal veteran could replace Elon Musk as Twitter CEO: Report

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Reports from major media outlets have suggested that NBCUniversal’s chair of global advertising and partnerships, Linda Yaccarino, could follow Elon Musk as the next chief executive officer at Twitter. According to a May 12 report from Axios citing people familiar with the situation, Yaccarino will leave her position at NBCUniversal, where she has worked for more than 11 years. She is reportedly in talks to become the CEO of Twitter. On May 11, Musk announced that he would be stepping down as CEO to become the social media company’s executive…

SMIC Sustains 20.6% YoY Revenue Fall in Q1 2023 to Record First Income Deficit in Three Years

Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.  Semiconductor Manufacturing International Corporation (SMIC) has seen its revenue fall according to its latest quarterly figures. On Friday, the Chinese chipmaking giant posted revenue of $1.46 billion for Q1 2023 amid challenging macroeconomic parameters. In addition to being down 20.6% year-on-year (YoY), SMIC’s latest revenue haul represents the first income deficit in over three years. The last time the Shanghai-based semiconductor maker experienced a sales decline was in…