Elon Musk announced Thursday afternoon that he would soon be stepping down as Twitter CEO, and had chosen a new candidate.
“Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software and sysops,” he wrote.
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🧬 OpenAI boss Sam Altman is reportedly in “advanced talks” of securing $100 million funding for Worldcoin, a project aimed at creating a collectively owned and globally distributed cryptocurrency.
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🇨🇳 Chinese prosecutors to crack down on ‘pseudo-innovation’ in NFT market
On May 15, the Supreme People’s Procuratorate of the People’s Republic of China — the national agency responsible for legal prosecution — shared its thoughts on the nonfungible token (NFT) market. In an article, three authors outlined the prosecutors’ vision of the market risks and the reasons to combat them more actively.
The article pays attention to the tendency of “securitization” of NFTs, i.e., the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness.
@DeCenterOrg
On May 15, the Supreme People’s Procuratorate of the People’s Republic of China — the national agency responsible for legal prosecution — shared its thoughts on the nonfungible token (NFT) market. In an article, three authors outlined the prosecutors’ vision of the market risks and the reasons to combat them more actively.
The article pays attention to the tendency of “securitization” of NFTs, i.e., the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness.
@DeCenterOrg
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💎 The NFT collection that made it
At the end of last year, anonymous Telegram usernames in the form of NFTs were launched on the TON blockchain. Initially, they were sold for 9 TON (≈$16) during a limited period, with a total of 137,000 usernames released.
Today, their minimum price stands at 185 TON and continues to rise, having doubled in just the past few days. Technically, this is the most successful mass NFT collection.
We have looked into what is happening and what prospects there are for these anonymous usernames »
@DeCenterOrg
At the end of last year, anonymous Telegram usernames in the form of NFTs were launched on the TON blockchain. Initially, they were sold for 9 TON (≈$16) during a limited period, with a total of 137,000 usernames released.
Today, their minimum price stands at 185 TON and continues to rise, having doubled in just the past few days. Technically, this is the most successful mass NFT collection.
We have looked into what is happening and what prospects there are for these anonymous usernames »
@DeCenterOrg
DeCenter
The NFT collection that made it
Anonymous Telegram numbers in the form of NFTs based on the TON blockchain represent a unique NFT collection. It is one of the few collections created in 2022 that has real-world utility. The launch took place at the end of last year and generated enormous…
🛰 A physical coin loaded with 1 BTC, along with the Genesis Block text, will venture beyond the atmosphere on a space launch this summer.
BitMEX has announced that it will be sending the first physical bitcoin to the Moon in partnership with Astrobotic Technology Inc. and Bitcoin Magazine. The rocket carrying a physical Bitcoin wallet is scheduled to launch from the Kennedy Space Center this summer, marking a significant milestone for both space exploration and the bitcoin industry.
The bitcoin, engraved with a public address and private key, is loaded with 1 BTC and will become the first-ever financial asset sent to space. This endeavor symbolizes the exploration of Bitcoin's use cases beyond Earth and opens up possibilities for future interaction with the token.
@DeCenterOrg
BitMEX has announced that it will be sending the first physical bitcoin to the Moon in partnership with Astrobotic Technology Inc. and Bitcoin Magazine. The rocket carrying a physical Bitcoin wallet is scheduled to launch from the Kennedy Space Center this summer, marking a significant milestone for both space exploration and the bitcoin industry.
The bitcoin, engraved with a public address and private key, is loaded with 1 BTC and will become the first-ever financial asset sent to space. This endeavor symbolizes the exploration of Bitcoin's use cases beyond Earth and opens up possibilities for future interaction with the token.
@DeCenterOrg
🇹🇭 Binance gains first Southeast Asian license from Thailand
Thailand's Securities and Exchange Commission on Friday approved a joint venture between Binance and Gulf Energy Development to operate a digital asset exchange and brokerage, granting the cryptocurrency giant its first license in Southeast Asia.
Operations will launch in the fourth quarter of 2023 as a 51-49 joint venture between Gulf Innova and Binance. The former is the fintech arm of Gulf Energy, one of Thailand's largest private power producers, which invested $20 million for a 0.4% stake in Binance's U.S. operation.
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Thailand's Securities and Exchange Commission on Friday approved a joint venture between Binance and Gulf Energy Development to operate a digital asset exchange and brokerage, granting the cryptocurrency giant its first license in Southeast Asia.
Operations will launch in the fourth quarter of 2023 as a 51-49 joint venture between Gulf Innova and Binance. The former is the fintech arm of Gulf Energy, one of Thailand's largest private power producers, which invested $20 million for a 0.4% stake in Binance's U.S. operation.
@DeCenterOrg
Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.
The collapse of several United States banks this year has prompted concerns that the pool of crypto-friendly banks is shrinking. former key banking partners, Silvergate, Silicon Valley Bank, and Signature Bank have all capitulated this year.
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🇨🇦 OSC investigating crypto exchange Binance despite Canadian exit
Weeks after global crypto giant Binance announced it was pulling out of Canada because it didn’t agree with new rules put in place by the country’s regulators, a document published the Ontario Securities Commission shows Canada’s largest watchdog is investigating the crypto platform’s conduct in this country.
Documents filed by Binance and published by the regulator May 30 show the OSC is attempting to use its powers, including summons, to compel the production of documents and data from Binance and potentially third parties.
@DeCenterOrg
Weeks after global crypto giant Binance announced it was pulling out of Canada because it didn’t agree with new rules put in place by the country’s regulators, a document published the Ontario Securities Commission shows Canada’s largest watchdog is investigating the crypto platform’s conduct in this country.
Documents filed by Binance and published by the regulator May 30 show the OSC is attempting to use its powers, including summons, to compel the production of documents and data from Binance and potentially third parties.
@DeCenterOrg
🇭🇰 Hong Kong-based First Digital introduces USD stablecoin
Hong Kong-based qualified custodian and trust company First Digital is introducing a new stablecoin that will be pegged to the U.S. dollar but regulated in Asia.
Dubbed "First Digital USD," or FDUSD, the coin is intended to be backed on a one-to-one basis by one U.S. dollar or asset of equivalent fair value, the company said in a statement, adding that the reserves would be held in segregated accounts at institutions in Asia.
The stablecoin is programmable and capable of enabling the execution of financial contracts, escrow services and insurance without intermediaries, First Digital said.
@DeCenterOrg
Hong Kong-based qualified custodian and trust company First Digital is introducing a new stablecoin that will be pegged to the U.S. dollar but regulated in Asia.
Dubbed "First Digital USD," or FDUSD, the coin is intended to be backed on a one-to-one basis by one U.S. dollar or asset of equivalent fair value, the company said in a statement, adding that the reserves would be held in segregated accounts at institutions in Asia.
The stablecoin is programmable and capable of enabling the execution of financial contracts, escrow services and insurance without intermediaries, First Digital said.
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🇸🇻 El Salvador's Volcano Energy secures $1B in commitments for 241 MW Bitcoin mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
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Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
@DeCenterOrg