{"id":302,"date":"2023-04-29T11:00:26","date_gmt":"2023-04-29T11:00:26","guid":{"rendered":"https:\/\/wagecan.com\/blog\/?p=302"},"modified":"2023-06-04T19:33:27","modified_gmt":"2023-06-04T19:33:27","slug":"weekly-headlines-2023-4-w4","status":"publish","type":"post","link":"https:\/\/wagecan.com\/blog\/2023\/04\/29\/weekly-headlines-2023-4-w4\/","title":{"rendered":"Weekly Headlines 2023.4 W4"},"content":{"rendered":"\n

\u201cIt takes great virtue to keep anything, whether it\u2019s your reputation, integrity, or Bitcoins.\u201d  <\/em><\/strong>\u2013 Jimmy Song<\/em><\/p>\n\n\n\n

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

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

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

1. What to Expect at Consensus 2023<\/p>\n\n\n\n

\u2013 April 26-28 conference in Austin run by CoinDesk, Consensus 2023 brings together major figures in crypto, finance, Web3, regulation, entertainment and more.<\/p>\n\n\n\n

2. ChatGPT, Midjourney, other AI tools to make their way into EU legislation<\/p>\n\n\n\n

\u2013 The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials.<\/p>\n\n\n\n

3. OpenAI\u2019s ChatGPT reenters Italy after obliging transparency demands<\/p>\n\n\n\n

\u2013 The revocation of the ban in Italy required ChatGPT to reveal its data processing practices and implement age-gating measures, among other legal requirements.<\/p>\n\n\n\n

4. Elon Musk introduces Twitter monetization avenues for content creators<\/p>\n\n\n\n

\u2013 The latest user-centric revamp aims to improve follower engagement and create new revenue streams on the social media platform.<\/p>\n\n\n\n

5. Binance Japan Will Start Operations After June<\/p>\n\n\n\n

\u2013 Binance, the world\u2019s largest crypto exchange acquired Sakura Exchange BitCoin in November. Binance is set to begin operations in the Japanese market, according to a notice published on Friday.<\/p>\n\n\n\n

6. U.S. House Will Have Crypto Bill in 2 Months: McHenry<\/p>\n\n\n\n

\u2013 Rep. Patrick McHenry, chairman of the House Financial Services Committee, says his and the Agriculture panel will meet jointly in May as they work on crypto legislation.<\/p>\n\n\n\n

7. PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets<\/p>\n\n\n\n

\u2013 The feature will become available in May, PayPal\u2019s Jose Fernandez da Ponte said during a panel at Consensus 2023.<\/p>\n\n\n\n

8. Chinese city public servants to receive digital yuan salaries starting May<\/p>\n\n\n\n

\u2013 Personnel in public service, public institutions and state-owned units at all levels in the city will be compensated with the digital yuan.<\/p>\n\n\n\n

9. MeWe social network with 20M users to integrate with Polkadot parachain<\/p>\n\n\n\n

\u2013 Social network MeWe will integrate with the Frequency blockchain network, a parachain of Polkadot, according to an April 26 announcement at Consensus 2023. The announcement added that the company will begin moving its users\u2019 accounts over to the network during this quarter.<\/p>\n\n\n\n

10. Bahamian Prime Minister Doesn\u2019t Regret FTX<\/p>\n\n\n\n

\u2013 Philip Davis says the country is \u201copen for business\u201d for legitimate digital-asset companies.<\/p>\n\n\n\n

11. Circle Unveils New Method for Moving USDC Between Blockchains<\/p>\n\n\n\n

\u2013 USDC issuer Circle Internet Financial on Wednesday released a new method to move the major stablecoin between blockchains that it says is faster, safer and cheaper than the \u201cbridges\u201d that are widely used in decentralized finance.<\/p>\n\n\n\n

12. Zimbabwe to Introduce Gold-Backed Digital Currency: Report<\/p>\n\n\n\n

\u2013 The country\u2019s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so that they can hedge against the currency\u2019s volatility.<\/p>\n\n\n\n

13. Blockchain features on WEF whitepaper as a tool to fight climate change<\/p>\n\n\n\n

\u2013 CISA executive Brynly Llyr said that it\u2019s important to consider and research emerging technologies that can help address climate change.<\/p>\n\n\n\n

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

1. Where crypto can grow: Digital asset regulations around the world<\/p>\n\n\n\n

\u2013 While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.<\/p>\n\n\n\n

2. Bitcoin Is Poised to Reclaim Crypto\u2019s Spotlight: Berenberg<\/p>\n\n\n\n

\u2013 More investors recognize the digital asset as a sensible alternative not only among crypto tokens but also within a global financial context, the firm said.<\/p>\n\n\n\n

3. The U.S. Should Lead the Digital Future of Money<\/p>\n\n\n\n

\u2013 In his speech at CoinDesk\u2019s Consensus festival Wednesday, Chris Giancarlo, the head of the non-profit Digital Dollar Project, said a U.S. central bank digital currency is too important to be left to central bankers to design. Money is a social issue requiring broad-based public engagement.<\/p>\n\n\n\n

4. ECB Mulls Decentralized Settlement for Wholesale Financial Markets<\/p>\n\n\n\n

\u2013 The European Central Bank wants its centralized financial settlement systems to better interact with distributed ledger technology as it seeks to keep pace with technological developments in financial markets.<\/p>\n\n\n\n

5. Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms<\/p>\n\n\n\n

\u2013 Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.<\/strong><\/p>\n\n\n\n

6. California County approves blockchain-based digital wallet for gov\u2019t services<\/p>\n\n\n\n

\u2013 Santa Cruz voted to approve the use of a blockchain-based digital wallet for government services and official documentation and is set to begin a pilot program in July 2023.<\/strong><\/p>\n\n\n\n

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

1. Bye-Bye Bitcoin Bear<\/p>\n\n\n\n

\u2013 No investor or financial advisor has a crystal ball that can predict the movement of an asset, including bitcoin, with total certainty. But past bitcoin halvings can provide clues on what we could potentially expect.<\/p>\n\n\n\n

2. Bitcoin Held on Binance Surges to Record High of 692K BTC: Glassnode<\/p>\n\n\n\n

\u2013 The tally has increased by more than 50,000 bitcoins in four weeks, reversing the exodus seen late last year.<\/p>\n\n\n\n

3. Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows<\/p>\n\n\n\n

\u2013 Bitcoin\u2019s \u201clong-term holder spent output profitability ratio\u201d shows coins moved on-chain that have a lifespan of at least 155 days or higher are being sold for a profit.<\/p>\n\n\n\n

4. Jack Dorsey\u2019s Block Snaps Up Bitcoin Mining Chip as Intel Winds Down Production<\/p>\n\n\n\n

\u2013 The payments company could start selling bitcoin mining hardware as early as next year.<\/p>\n\n\n\n

5. Ripple Sold $336M Worth of XRP Tokens in Q1, Reports Strong XRPL Growth<\/p>\n\n\n\n

\u2013 The firm has continued to sell XRP only in connection with its international transaction product.<\/p>\n\n\n\n

6. Bitcoin Use Cases Are Seeing \u2018Explosive Growth,\u2019 Trust Machines Says<\/p>\n\n\n\n

\u2013 \u201cBitcoin is fun again because there\u2019s a place to build again,\u201d said Muneeb Ali, CEO of Trust Machines and co-founder of Stacks, on StageX at Consensus 2023.<\/p>\n\n\n\n

7. Cross-Chain Bridge Stargate\u2019s Volume Soars as Airdrop Hunters Set Sights on LayerZero Token<\/p>\n\n\n\n

\u2013 Crypto traders are using the Stargate bridge in the hope that they will be eligible for a rumored LayerZero airdrop.<\/p>\n\n\n\n

8. Bitcoin\u2019s \u2018Estimated Leverage Ratio\u2019 Hits Lowest Point Since December 2021<\/p>\n\n\n\n

\u2013 The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.<\/p>\n\n\n\n

9. Tokenization of Real-World Assets \u2018Changes How Value Is Transferred\u2019<\/p>\n\n\n\n

\u2013 Institutions and fund managers have wanted to tokenize assets for some time, but it\u2019s been a manner of infrastructure catching up.<\/p>\n\n\n\n

10. Bitcoin\u2019s Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data<\/p>\n\n\n\n

\u2013 The 90-day correlation coefficient between bitcoin and the dollar index has slipped to -0.70 from -0.11 four weeks ago.<\/p>\n\n\n\n

11. 46% of millennials across major economies own crypto: Bitget research<\/p>\n\n\n\n

\u2013 The study featured over 255,000 respondents across 26 countries in four age groups.<\/p>\n\n\n\n

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

1. NFT Collective Proof Is Building a 3D World for Its Moonbirds Community<\/p>\n\n\n\n

\u2013 The Moonbirds Monaverse on 3D world-building platform Mona will let NFT holders participate in virtual community experiences.<\/p>\n\n\n\n

2. Romania Embraces Web3 by Launching National NFT Marketplace<\/p>\n\n\n\n

\u2013 Romania is entering the realm of NFTs and Web3 with its national NFT marketplace. The country\u2019s National Institute for Research and Development in Informatics (ICI Bucharest) wishes to fuel Web3 adoption by launching an in-house NFT trading platform.<\/p>\n\n\n\n

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

DeFi Needs More Than \u2018Synthetic High-Yield Products\u2019: Dragonfly\u2019s Haseeb Qureshi<\/p>\n\n\n\n

\u2013 The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto\u2019s market structure and why Ponzi bubbles always burst.<\/p>\n\n\n\n

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

1. Google Cloud to Help Accelerate Polygon\u2019s Growth Via New Agreement<\/p>\n\n\n\n

\u2013 Google Cloud is working with Polygon Labs to help developers make it easier to build, launch and grow their Web3 products and dapps on the Ethereum-based layer 2 blockchain.<\/p>\n\n\n\n

2. Web3 Music Requires Fresh Ideas to Succeed, Says Warner Music Exec<\/p>\n\n\n\n

\u2013 The digitally augmented space is a key part of Warner Music Group\u2019s future plans, Chief Digital Officer Oana Ruxandra said at Consensus 2023.<\/p>\n\n\n\n

3. Regulation Clarity Will Bring on More Consumer Web3 Users, PepsiCo\u2019s Executive Says<\/p>\n\n\n\n

\u2013 PepsiCo Head of Next Gen DTC Connections and Innovation Kate Brady talks about the urgency in regulatory clarity in the customer web3 space at CoinDesk\u2019s Consensus 2023 conference.<\/p>\n\n\n\n

4. Marvel Studios Founder Says Web3 Has \u2018Same Seed\u2019 of His Early Marvel Days<\/p>\n\n\n\n

\u2013 Marvel Studios\u2019 founding chairman made his first public talk at Consensus 2023 since he sold Marvel to Disney 10 years ago.<\/p>\n\n\n\n

5. Web3 Can Be \u2018the Trust Layer\u2019 to Counter Issues Raised by AI<\/p>\n\n\n\n

\u2013 Journey\u2019s Cathy Hackl shares how the Web 3 ecosystem can empower AI during CoinDesk\u2019s Consensus 2023 conference.<\/p>\n\n\n\n

6. Blockchain and crypto leaders converged at DAO Tokyo as Japan increases adoption<\/p>\n\n\n\n

\u2013 Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses.<\/p>\n\n\n\n

April 29, 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIt takes great virtue to keep anything, whether it\u2019s your reputation, integrity, or Bitcoins.\u201d  \u2013 Jimmy Song Weekly News Report: News 1. What to Expect at Consensus 2023 \u2013 April 26-28 conference in Austin run by CoinDesk, Consensus 2023 brings together major figures in crypto, finance, Web3, regulation, entertainment and more. 2. ChatGPT, Midjourney, other AI […]<\/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":[67,8,65,66,28,81],"_links":{"self":[{"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/302"}],"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=302"}],"version-history":[{"count":3,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/302\/revisions"}],"predecessor-version":[{"id":386,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/posts\/302\/revisions\/386"}],"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=302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/categories?post=302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagecan.com\/blog\/wp-json\/wp\/v2\/tags?post=302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}