Month: May 2023

A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen – Featured Bitcoin News

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The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s creator Satoshi Nakamoto has been making rounds. Andresen expressed his concern about the software’s scripting language, which made him “nervous.” He also pointed out that there could be ways to “abuse” the scripts-in-a-transaction scheme. Nakamoto…

Snapchat influencer turns simps into cash using an AI doppelganger

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A 23-year-old Snapchat influencer has seemingly taken a leaf out of the SimpDAO book by launching an Artificial Intelligence (AI)-based girlfriend version of herself via OpenAI’s chatbot ChatGPT. The influencer in question, Caryn Marjorie, has 1.84 million subscribers on Snapchat, along with 215,000 followers on Instagram. Dubbed CarynAI, the project was built by Forever Voices, which utilizes more than 2,000 hours worth of audio from Marjorie’s deleted YouTube videos to create the virtual girlfriend. It comes in a text and audio-based format, with the AI closely replicating her actual voice…

Elon Musk’s tweet sends milady coin’s price soaring over 3000%

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Milady coin has been making headlines in the cryptocurrency world lately, thanks to a recent tweet from tech mogul Elon Musk. Musk posted a picture related to @miladymemecoin on his Twitter account, which caused the price of $LADYS to skyrocket by more than 3000% within hours of the tweet. A step towards female empowerment The recent surge in price of milady coin has caught the attention of traders, who are now monitoring the token closely. Experts…

Coinbase calls PEPE a ‘hate symbol,’ prompting calls to boycott the exchange

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An email sent out to Coinbase customers describing memecoin Pepe (PEPE) as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the memecoin community.  Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter from May 10 to his 96,000 followers, which cites a 2016 decision from the Anti-Defamation League to place the frog-themed character in its database of online hate symbols. Why is @coinbase sending out emails telling people that $pepe is an alt-right hate symbol?? pic.twitter.com/UNzClQlwwv — borovik.eth (@3orovik) May 11, 2023 Fans and…

BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit – Economics Bitcoin News

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The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies? Why are we committed to trading through the dollar?” BRICS Currency to Be Discussed at Upcoming Leaders’ Summit The BRICS countries are planning to discuss the feasibility of introducing a common currency at their upcoming leaders’ summit, which will be hosted…

EU makes progress on plan to share cryptocurrency tax data

The E.U.’s Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients’ transactions to help combat tax-related criminal activities such as tax evasion. This move is part of the E.U.’s effort to tighten regulations on cryptocurrency and bring them in line with traditional financial services. The DAC8 amendment Under the commission’s proposal unveiled in December, companies that have E.U. clients must register in the bloc and report digital assets, including crypto and some non-fungible tokens (NFTs), to tax authorities to tackle tax evasion…

Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards – Bitcoin News

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Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK after World War II.” He stressed: “Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS are accelerating plans to take power from the U.S.” Impact of BRICS Currency on US Dollar and American Living Standards Investment analyst Jon Wolfenbarger, CFA, published a blog post titled “Will a New BRICS Currency Change Anything? Maybe” on Mises…

Pepe’s market cap sinks $1B in 5 days, some whales are still buying

The market cap of new memecoin Pepe (PEPE) has fallen $1.1 billion from its May 6 peak, though on-chain data shows it’s still being bought by some crypto whales.  Over the last five days, the price of the memecoin has plummeted more than 56% falling from a peak of $0.00000431 to $0.00000193, according to CoinGecko. The downward price action of Pepe has seen the token’s total valuation sinking from a peak of $1.82 billion on May 6 to $820 million at the time of publication. The market capitalization of Pepe…