{"id":291,"date":"2023-05-20T11:02:47","date_gmt":"2023-05-20T11:02:47","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=291"},"modified":"2023-06-04T19:30:41","modified_gmt":"2023-06-04T19:30:41","slug":"weekly-headlines-2023-5-w3","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/05\/20\/weekly-headlines-2023-5-w3\/","title":{"rendered":"Weekly Headlines 2023.5 W3"},"content":{"rendered":"\n

\u201cThe intransigent minority is intransigent because they believe in something.<\/em><\/strong><\/p>\n\n\n\n

The wishy-washy majority are wishy-washy because they’re opportunists.<\/em><\/strong><\/p>\n\n\n\n

The future belongs to those who have conviction.\u201d   <\/em><\/strong>– Jimmy Song<\/em><\/p>\n\n\n\n

\n\n\n\n
\"\"<\/figure>\n\n\n\n

Weekly News Report:<\/strong><\/p>\n\n\n\n

News<\/strong><\/p>\n\n\n\n

1. Jack Dorsey\u2019s TBD announces new Web5 toolkit<\/p>\n\n\n\n

– TBD, a division of fintech company Block, which is led by CEO Jack Dorsey, announced a novel Web5 decentralized web platform at Bitcoin 2023 in Miami on May 19.<\/p>\n\n\n\n

2. EU finance ministers approve MiCA crypto regulation<\/p>\n\n\n\n

– The Economic and Financial Affairs Council of the European Union \u2014 comprising finance ministers of all member states \u2014 has given the green light to the highly-anticipated Markets in Crypto-Assets (MiCA) regulation after a vote on May 16.<\/p>\n\n\n\n

3. FTX leadership sues Sam Bankman-Fried over $220M deal made prior to bankruptcy<\/p>\n\n\n\n

– When FTX tried to sell the platform after filing for bankruptcy, the top bid was for just $1M, representing a 99.5% decline in value.<\/p>\n\n\n\n

4. Australia marks first FX transaction using a CBDC as eAUD pilot continues<\/p>\n\n\n\n

– The Australian digital dollar was used in a trade for a United States dollar stablecoin using an Ethereum layer-2 blockchain.<\/p>\n\n\n\n

5. OpenAI launches official ChatGPT app for iOS, Android coming \u2018soon\u2019<\/p>\n\n\n\n

– While it is currently only available in the United States, a full global rollout could see more than a billion users access to the official app on iOS.<\/p>\n\n\n\n

6. China state-owned Greenland to apply for Hong Kong virtual asset trading license<\/p>\n\n\n\n

– The real estate developer\u2019s fintech unit already has a digital banking license in Singapore; \u201cWe are ready to step into Hong Kong,\u201d CEO says.<\/p>\n\n\n\n

7. Telegram addresses camera exploit, points to Apple macOS security permissions<\/p>\n\n\n\n

– Messaging application Telegram has played down the severity of a discovered exploit that allowed researchers to gain access to camera systems of Apple macOS devices.<\/p>\n\n\n\n

8. Governor Ridwan Kamil and Samson Mow Envision the Future of Bitcoin in Indonesia at Bitcoin 2023<\/p>\n\n\n\n

– Governor Ridwan Kamil in Indonesia and Samson Mow, the CEO of JAN3 and a prominent global advocate for Bitcoin, revealed that the Indonesian government is actively exploring the potential benefits of Bitcoin adoption for the country and its citizens.<\/p>\n\n\n\n

Institution<\/strong><\/p>\n\n\n\n

1. Australian \u2018Big 4\u2019 bank begins trial for cryptocurrency payment blocks<\/p>\n\n\n\n

– One of Australia\u2019s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams.<\/p>\n\n\n\n

2. Updated European tax directive requires reporting on all crypto asset transfers<\/p>\n\n\n\n

– DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.<\/strong><\/p>\n\n\n\n

Market<\/strong><\/strong><\/p>\n\n\n\n

1. MicroStrategy Executive Chairman Michael Saylor Says Firm Exploring Use Cases for Bitcoin Ordinals<\/p>\n\n\n\n

– MicroStrategy\u2019s Michael Saylor recently suggested that Bitcoin Ordinals could immensely benefit the crypto ecosystem.<\/p>\n\n\n\n

2. Tether to buy Bitcoin based on monthly net profits<\/p>\n\n\n\n

– Tether said that Bitcoin\u2019s decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer.<\/p>\n\n\n\n

3. Bitcoin Ordinals\u2019 total mintage fees increase 700% from April: Report<\/p>\n\n\n\n

– The total number of Bitcoin Ordinals has surpassed 8 million since its inception in January.<\/p>\n\n\n\n

4. Twitter partnership created a \u2018symbiosis,\u2019 says eToro US CEO | Bitcoin Miami 2023<\/p>\n\n\n\n

– Lule Demmissie, CEO of eToro US, says that the new partnership with Twitter creates a symbiosis between social networks and social trading.<\/p>\n\n\n\n

5. 3 reasons why Lido DAO price jumped 40% in a week \u2014 Outperforming Bitcoin, Ethereum<\/p>\n\n\n\n

– LDO\u2019s price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.<\/p>\n\n\n\n

6. Tether, KriptonMarket to support USDT transactions at Argentina\u2019s Central Market<\/p>\n\n\n\n

– The Central Market supplies over 12 million people per month in Argentina. The move will allow companies to accept and pay bills with USDT.<\/p>\n\n\n\n

7. Distributed ledger tech could save TradFi $100B a year \u2014 Lobby group<\/p>\n\n\n\n

– Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).<\/p>\n\n\n\n

8. ARK Invest Analyst Warns US Will Lose Crypto Dominance To UAE And Other Nations<\/p>\n\n\n\n

– ARK Invest\u2019s analyst warned that the regulatory uncertainty in the United States puts innovation at risk.<\/p>\n\n\n\n

NFT<\/strong><\/p>\n\n\n\n

1. Web3 Education Leaders Team Up to Roll Out Beginner NFT Platform HeyMint<\/p>\n\n\n\n

– The platform will allow artists to mint their creative assets, enforce royalties on-chain and sell their NFTs in a process meant for Web3 beginners.<\/p>\n\n\n\n

2. ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth<\/p>\n\n\n\n

– Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.<\/p>\n\n\n\n

3. NFTs in the academy: Fighting fake credentials and unfair wages<\/p>\n\n\n\n

– Pepperdine University professor Beau Brannan believes that NFTs could allow verification for individual courses and give more insight into college degrees.<\/p>\n\n\n\n

DeFi<\/strong><\/p>\n\n\n\n

An expanding BRC-20 exchange fuels DeFi boom on Bitcoin<\/p>\n\n\n\n

– The rise of the BRC-20 token market has sparked a flurry of activity. Still, it\u2019s also brought challenges, including fragmented liquidity. One DeFi platform aims to solve these issues, bringing harmony to the BRC-20 ecosystem.<\/p>\n\n\n\n

Web3<\/strong><\/p>\n\n\n\n

Why Web3 and the AI-Internet Belong Together<\/p>\n\n\n\n

– Seeing crypto and AI as unrelated technologies is a mistake. They are complementary, each improving the other, says CoinDesk\u2019s Chief Content Officer, Michael Casey.<\/p>\n\n\n\n

May 19, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe intransigent minority is intransigent because they believe in something. The wishy-washy majority are wishy-washy because they’re opportunists. The future belongs to those who have conviction.\u201d   – Jimmy Song Weekly News Report: News 1. Jack Dorsey\u2019s TBD announces new Web5 toolkit – TBD, a division of fintech company Block, which is led by CEO Jack […]<\/p>\n","protected":false},"author":3,"featured_media":288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[72,8,5,28,14,60],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/291"}],"collection":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions"}],"predecessor-version":[{"id":368,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/291\/revisions\/368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media\/288"}],"wp:attachment":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}