This Report will provide you with some important and quick news about cryptocurrencies that happened around the world.
1) Elon Musk Is Supportive Of The Decentralized Web On Dogecoin
Elon Musk, the chief executive officer of Tesla, has hinted at his support for Dogecoin’s “web69” token. “Wandrinstar,” a Dogecoin user, recently tweeted, “If Jack and Bitcoin can construct web5, then Dogecoin can create web69.” Former Twitter CEO and Block creator Jack Dorsey responded to Elon Musk’s tweet with “your move” while tagging him…[continue reading]
2) Farfetch Will Begin Accepting Cryptocurrency Payments, Similar To Other Premium Brands
Following in the footsteps of Gucci and other upscale firms that have embraced cryptocurrencies as a means to grow their operations. Farfetch, an online marketplace for luxury apparel, has announced that it would begin taking cryptocurrency payments later this year…[continue reading]
3) Jack Dorsey Is Developing A Bitcoin-Based Version Of “Web 5”
In an effort to avoid Web3 totally, Block Inc. plans to implement a new Bitcoin-centric identity management paradigm. Foreshadowing the importance that Jack Dorsey places on Bitcoin (BTC) and its blockchain network, TBD, a subsidiary of Block, has revealed ambitions to construct a decentralised web based on the Bitcoin blockchain…[continue reading]
4) U.S. Inflation Rate Reaches A Four-Decade High Of 8.6%
Inflation in the United States rose to a four-decade high of 8.6 percent in May, above experts’ predictions. The annual inflation rate in the United States has now reached 8.6 percent, a 41-year high, according to the most recent statistics released today by the U.S. Bureau of Labor Statistics…[continue reading]
5) NFT Was Used To Serve A Restraining Order On An Anonymous Hacker
The asset recovery division at Holland & Knight, a global legal firm, used an NFT to provide service to a hacking defendant. A nonfungible token was used for the first time to serve a temporary restraining order on a defendant in a hacking case by the law firms Holland & Knight and Bluestone…[continue reading]
According to crypto legal expert Jeremy Hogan, the US Securities and Exchange Commission (SEC) is erroneous in its XRP action against Ripple. William Hinman, a former SEC director, delivered a lecture in 2018 stating that Ethereum (ETH) was not a security, which has sparked recent litigation…[continue reading]
7) FTX And OpenSea Make The Forbes Fintech 50 List
According to the business magazine, all nine of the firms that made it into the Forbes Fintech 50 list for 2022, such as the cryptocurrency exchange FTX, raised a combined total of $6.5 billion in venture capital. The list was revealed on Tuesday…[continue reading]
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