Hey friend,
Cheers to the weekend!
Let's catch up on some interesting news from the cryptocurrency markets this week. After a few weeks of stagnation, we finally saw some growth. Surprisingly, there wasn't a lot of news driving the prices either way. In the U.S., regulators maintained their stance that the existing rules are sufficient for the industry. On the other hand, Gemini, a domestic crypto exchange, expanded its operations offshore.
There were a couple of noteworthy events on Crypto Twitter that caught my attention. Congressman Warren Davidson tweeted about the new U.S. debt ceiling agreement, revealing that it blocked an unpopular White House proposal for a 30% excise tax on crypto mining firms based on their electricity consumption. In the world of Bitcoin, the Ordinals NFT project achieved a new milestone.
El Salvador made headlines as well. Their National Bitcoin Office, responsible for promoting Bitcoin as legal tender in the country, announced that President Nayib Bukele had hired a new Bitcoin consultant. On a different note, Nansen, a blockchain data and research company, made some changes by streamlining their operations, which unfortunately led to a 30% reduction in staff. The CEO mentioned the bear market as one of the factors behind this decision. Also, blockchain investigator ZachXBT uncovered a heartless scam that was exposed on Thursday.
Now, here's something intriguing. Can you imagine earning a million just by opening your wallet? Well, in the world of blockchain, it has actually happened. It's amazing how technology is evolving!
Speaking of technology, there's been a lot of talk about AI lately, with many industry leaders expressing concerns about its potential threat to humanity. However, OpenAI CEO Sam Altman took a more down-to-earth approach, suggesting that things might just continue as they are without any drastic changes. On the NFT front, there's some good news as NFT theft is declining, but unfortunately, the Blur marketplace is gaining popularity for trading stolen digital goods, according to PeckShieldAlert.
On Thursday, Messari analyst Ally Zach explored Solana's newest users and how the blockchain is catering to consumer applications. And over the weekend, crypto wallet provider Atomic issued a warning about compromised wallets, while crypto investigator ZachXBT revealed the staggering amounts of cryptocurrency at stake.
Phew! That was quite a roundup of the latest happenings in the crypto world. What caught your attention the most? Let me know your thoughts!
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