BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
    10 May 2023

    At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies. The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Crypto and Digital…

    Epic CEO mocks ‘metaverse is dead’ notion — 600M coming to the ‘wake’
    10 May 2023

    Epic Games CEO Tim Sweeney made fun of a recent Business Insider article suggesting the metaverse had run its course. Epic Games CEO Tim Sweeney is just as optimistic about the metaverse as ever, after poking fun at a recent suggestion that online virtual worlds are “dead.” The now-billionaire video game entrepreneur — creator of…

    Aragon launches defensive measures against Arca’s ‘51% attack’
    10 May 2023

    The Aragon Association has pulled plans to give ANT holders voting rights over its DAO in the wake of the attack. Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization. The…

    Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst
    10 May 2023

    Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain. Increased fees and a backlog of transactions are besieging the Bitcoin network, and it’s due to a popular new “token” standard, according to a CryptoQuant analyst. Axel Adler Jr, an analyst with the crypto data firm, explained on May 9…