Biden reaches ‘tentative’ US debt ceiling deal: Report
    28 May 2023
    191 Views

    United States President Joe Biden has urged both the United States House and Senate to “pass the agreement right away.” Amid growing concerns of a potential default by early June, the United States President Joe Biden and Republican Kevin McCarthy have reportedly reached an “agreement in principle” to raise the federal government’s multi-trillion dollar debt…

    The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam
    27 May 2023
    182 Views

    The executive appears to have now recovered his account. Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake…

    ECB sums up digital euro prototyping exercise as it nears possible pilot launch
    27 May 2023
    168 Views

    The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets. The European Central Bank (ECB) has published a summary of the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated offline use of a simulated digital…

    Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls
    27 May 2023
    159 Views

    Memecoins have come a long way from the early days of being joke cryptocurrencies. Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin in 2013, inspired by an internet meme and a critique of the wild crypto market at the time. Dogecoin was developed by software developers Billy Markus and Jackson…

    Chinese city releases policy draft for metaverse industry development
    26 May 2023
    188 Views

    The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city. The capital of China’s Henan Province, Zhengzhou, on May 24, announced a series of policy proposals designed to provide support for metaverse companies operating in the region. As part of these initiatives, the municipal government intends to establish…

    RGB protocol may offer solution to Bitcoin’s Ordinals jam, proponent claims
    26 May 2023
    143 Views

    The founder of Digital Bitcoin Art and Assets believes that smart contracts on Bitcoin could solve the myriad problems created by Ordinals. Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact…