Tag: News

Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’ – Featured Bitcoin News

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Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody would buy crypto. He also likened replacing national currencies to replacing air, stating that “It’s massively stupid.” Berkshire Vice Chair Charlie Munger Says Replacing National Currencies Is Like Replacing Air Berkshire Hathaway Vice Chairman Charlie Munger continued his insults against cryptocurrency and its supporters Wednesday during a live-streamed interview with CNBC at the Daily Journal’s annual shareholders meeting. Referencing his recent opinion piece…

SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’ – Regulation Bitcoin News

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.” Gary Gensler Proposes Including Crypto in Expanded Custody Rules The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, announced Wednesday that he has proposed changes to federal regulations “to expand and enhance the role of qualified custodians.” All asset classes, including crypto,…

FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner – Bitcoin News

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The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent Examiner Ultimately Overruled by the Court’s Authority In the latest filing in the FTX bankruptcy case docket, judge John Dorsey has denied the appointment of an independent examiner. Dorsey stated that the current team, led…

Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure – Bitcoin News

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According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works. 100,000 Inscriptions and Growing: Increased Ordinal Inscriptions Lead to Record Bitcoin Metrics Roughly nine days ago, there were fewer than 10,000 Ordinal inscriptions on the Bitcoin (BTC) blockchain. Since then, inscriptions have increased by 1,434%, surpassing the…

Napster Expands Into Web3 Music Space With Acquisition of Mint Songs – Bitcoin News

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On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find new ways to connect with their fans. Napster Ventures Sets Its Sights on Web3 Music Startups After its Hivemind and Algorand acquisition in May 2022, Napster has reignited its focus on the Web3 space by…

Reversing Censorship on Ethereum | Blockchain News

Since October 11, the proportion of Ethereum blocks that are compliant with orders made by the United States Office of Foreign Asset Control (OFAC) has decreased to its current level of 47%, which is the lowest level since that date. The most recent achievement in the fight against censorship comes about two and a half months and one day after the proportion of OFAC-compliant blocks reached its all-time high of 79% on November 21. OFAC-compliant blocks are ones that do not include any transactions that involve parties who have been…

El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange – Bitcoin News

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On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.” Ambassador Milena Mayorga Fosters Growing Relationship Between El Salvador and Texas This week, Milena Mayorga, the Salvadoran ambassador to the U.S., discussed her recent meeting with Texas Secretary of State Joe Esparza. Mayorga stated that government officials were considering the possibility of…

Neon Link’s Gaming-Focused Neon Coin Presale Begins – Press release Bitcoin News

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press release PRESS RELEASE. LONDON, ENGLAND – February 15th, 2023 – Neon Link, the new blockchain gaming ecosystem consisting of a layer-1 blockchain, native coin, wallet, dex, bridge, games and more is opening up the opportunity to own part of this project by holding the NEON coin on the 15th February at 5PM UTC. By connecting a wallet and purchasing coins with ERC-20 $ETH or $USDT, anyone can invest in some of the 55 million coins that are on offer in this presale. Combining web3 innovation with gameplay-first experiences for…

DOGE, SHIB Surge as Elon Musk Tweets Dog CEO Pictures – Market Updates Bitcoin News

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Dogecoin rallied on Feb. 15, as Elon Musk tweeted a picture of a Shiba Inu dog, with the caption: “The new CEO of Twitter is amazing.” Following this tweet, both dogecoin and shiba inu surged, extending recent gains. Overall, the global cryptocurrency market cap is 2.42% higher as of writing. Dogecoin (DOGE) Dogecoin (DOGE) rose by as much as 6% on Wednesday, as markets reacted to tweets from Tesla CEO Elon Musk. DOGE/USD surged to an intraday high of $0.08707 earlier in today’s session, which comes a day after trading…

Former FTX Executive Accused of Fueling a Charity Through Discounted FTT Purchase – Bitcoin News

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A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating the tokens to Polaris Ventures, a charitable organization based in Switzerland, which later sold the FTT for millions of dollars. Anonymous Sources Claim Polaris Ventures Gained Most of Its Wealth From FTT Transfer in 2019 According to a report from the…