Day: May 31, 2023

‘Bitcoin Jesus’ says Ethereum is the front-runner for global crypto adoption

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Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto.  On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s scaling issues and the other layer-one “clones” that have popped up in its wake, the Ethereum ecosystem is still where the action is: “Even though Ethereum doesn’t have the biggest market cap compared to Bitcoin,…

a detailed guide to mechanics

Bluelight.inc is a Silicon Valley simulator that functions within the metaverse of San Crypto. Players can create the company of their dreams, accomplish hundreds of projects, earn KALE, and become famous. This guide explains how things work and what users can do. Game modes Tycoon (Office) mode To start the game, you need an office first. There is no need to buy it – you can start for free in a co-working space. The office should be well-equipped for employees to begin working. Ensure they are comfortable and all their needs…

Bitcoin Standard author Saifedean Ammous becomes economic advisor to El Salvador

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Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador. On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various economic policies. Dr. Ammous’ now famous book, The Bitcoin Standard, was first published in April 2018 and analyzes the transition between solid stores of value to inflated assets and fiat currencies. It also traces the history of money and…

Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers

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Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins in recent weeks — Ben Coin (BEN), PSYOP, and LOYAL. Pre-sales of these memecoins — which require Ether (ETH) to be sent directly to the creator himself — have allowed Ben.eth to gather thousands of…

Binance restarts TORN deposits on ETH and BNB blockchains

On May 20, 2023, Binance made an announcement on Twitter that “Due to circumstances surrounding the protocol, Binance will temporarily pause $TORN deposits until further notice.” The exchange has since followed up the suspension with an announcement on May 29, stating that deposits are resumed. Restoring governance within the TORN DAO Binance has officially reopened deposits for the token on both the Ethereum (ERC20) network and the BNB Smart Chain (BEP20). The move comes after the successful execution of a proposal aimed at restoring governance within the TORN DAO, prompting…

Hong Kong and UAE central banks collab on crypto rules, fintech development

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Hong Kong and the United Arab Emirates’ (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development. On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at the Central Bank of the United Arab Emirates (CBUAE), with the two agreeing to “strengthen cooperation” on “virtual asset regulations and developments.” The two central banks also pledged to facilitate discussions on “joint fintech development initiatives and knowledge-sharing efforts” with each region’s respective innovation hubs. Financial infrastructure and financial market connectivity between the…

China to gain most from restrictive US crypto regulations: Coinbase CEO

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“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong.  In a May 30 op-ed for MarketWatch, Armstrong again warned that while recent turbulence in crypto markets might tempt U.S. policymakers “to write it off as an unstable asset class,” doing so could see the U.S. cede its status as a financial leader and innovation hub. In today’s @MarketWatch I’m sharing an op-ed encouraging policymakers to see the big picture with crypto. It’s important for American technology leadership and national…

Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator

Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem. With principal incubation bases in Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area, and Singapore, the incubator aims to foster Web3.0 Massive Adoption, DePIN, and AI. The Future3 Campus will also launch an inaugural seed fund of $50 million to nurture Web3.0 projects, thus truly serving innovators in the Web3.0 field. The first incubation batch, known as Future3 Camp 1, will focus on Web3.0 Massive Adoption. Applications…

XRP network sees address activity spike, token rallies

The XRP Network has experienced two significant spikes in address activity, marking the second and third-largest surges of all time, according to data from Santiment, a leading cryptocurrency market analytics platform.  The current rise in price is reminiscent of a similar event on March 18, ultimately leading to a more substantial decoupling of XRP from other altcoins. Should history repeat itself, this recent activity spike may signify a more significant price divergence for XRP in the near future, according to Santiment analysis. These developments have sparked intrigue within the cryptocurrency…

Bitcoin BTC Price and volatility have a tricky relationship.

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Bitcoin’s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan’s re-election as president of Turkey, K33 said in the report. Original