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👀 A long-dormant Ethereum address that participated in the blockchain's initial coin offering, or ICO, awoke after 7.7 years. It transferred one ether to a new address — which some speculate indicates a test transaction.
The wallet in question received 2 365 ETH — worth approximately $4.42 million today.
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🐳 A dormant address containing 6 071 BTC (178 128 678 USD) has just been activated after 9.3 years (worth 3 362853 USD in 2013).
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👀 1 million ether has been withdrawn since Ethereum's Shanghai hard fork.
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🔥 Twitter to let users access stocks, crypto trading through eToro as Musk pushes app into finance.
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🧬 Ethereum’s Shapella hard fork executed on mainnet
The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether from the Beacon Chain.
The long-awaited upgrade took effect at 10:27 pm UTC on April 12 at epoch number 194 048.
Currently, around 44% of validators, or 248 043 of the total active 559 549, can request a partial or full withdrawal.
The majority of withdrawals at this time range between 2.8 to 3.2 ETH, which suggests that it’s mostly staking rewards that are being withdrawn at this time.
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🇪🇸 Spanish tax agency to send over 328K notices to crypto holders
The Spanish Tax Administration Agency (AEAT) is increasing its efforts to charge the local holders of crypto assets. The AEAT intends to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year.
The notices represent the voluntary invitation to pay the tax, which varies between 19% and 23% for gains obtained through selling digital assets. Those who won’t pay the taxes in time would be subject to an additional 26% fine, calculated from the number of unpaid funds.
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🇺🇸 Texas lawmakers propose a gold-backed state digital currency
Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).
Senator Bryan Hughes introduced Senate Bill 2334 on March 10, with Representative Mark Dorazio introducing House Bill 4903 on the same day, stating that a fractional equivalent amount of physical gold would back the proposed digital currency.
“Each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust”.
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🧠 Google plans to add conversational artificial-intelligence features to its flagship search engine, Chief Executive Officer Sundar Pichai said, as he steers the tech company’s response to competition from chatbots such as ChatGPT and to wider business pressures.
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🔥 MicroStrategy has purchased an additional 1 045 Bitcoin ($29.3 million).
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🐶 Twitter updates its website logo to Dogecoin DOGE.
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🇸🇻 El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
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🇯🇵 Japan plans to form expert panel to explore digital yen
Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported.
According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer to a technical study conducted by the Bank of Japan (BOJ) over the past two years. The ministry intends to use the findings from the expert panel to prepare for the possible issuance of a digital yen.
CBDCs are digital versions of traditional currencies, such as the U.S. dollar, yen and euro, issued and backed by central banks. Unlike cryptocurrencies, which purport to be decentralized and not backed by any government or central authority, CBDCs are issued by a central bank and operate within a centralized system.
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🤖 Elon Musk, Steve Wozniak and others call for pause on AI development, citing risk to humanity
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems more powerful than GPT-4, they said in an open letter, citing potential risks to society and humanity.
The letter, issued by the non-profit Future of Life Institute and signed by more than 1000 people including Musk, Apple co-founder Steve Wozniak and Stability AI CEO Emad Mostaque, called for a pause on advanced AI development until shared safety protocols for such designs were developed, implemented and audited by independent experts.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," the letter said.
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⚡️ Binance and CZ Sued by CFTC Over Regulatory Violations.
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🇬🇪 Crypto exchange Binance launches new regional hub in Georgia
Binance announced on March 26 the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities.
According to the announcement, Binance’s Georgia division currently employs 25 people that cooperate with the local public and private sector to organize educational and hackathon events. The crypto firm expects to create “dozens more jobs” with the launch of its regional hub in Georgia by the end of 2023.
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🔋 Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility.
The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company.
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🤖 Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT
Elon Musk told Fox anchor Tucker Carlson that he’s developing a ChatGPT rival known as “TruthGPT,” a large language model (LLM) that Musk says will be trained to explore the mysteries of the universe.
“I’m going to start something which I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe.”
This truth-seeking AI, as per Musk, will also push back against what he perceives as “left-wing” bias in the industry. Musk told Carlson that ChatGPT “is programmed by left-wing experts, which train the chatbots to lie.” Carlson, for his part, also stated that “the deeper problem is not simply that it will become autonomous and turn us all into slaves, but that it will control our understanding of reality and do it in a really dishonest way,” adding that “it could be programmed to lie to us for political effect.”
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🇺🇸 Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss.
In an April 15 tweet responding to Coinbase’s legal chief, Paul Grewal, the crypto-friendly congressman announced his intention to have Gensler removed from his role after the SEC’s latest announcement about revisiting the proposed redefinition of an “exchange.”
"To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides)," Davidson tweeted.
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⛔️ Exploit involving Aave V1 and Yearn estimated to be around $10 million.
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🇺🇸 US inflation falls to 5%, lower than expectations.
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🔥 Bitcoin = $30 000
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🤡 CBDC will be used for ‘control,’ ECB president admits in vid chat with fake Zelensky.
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🍎 Bitcoin whitepaper is hidden on every Apple MacBook computer running recent versions of macOS software.
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🌍 Coinbase launches the international money transfer market
Americans spend over $12 billion a year in fees just to send money to friends and family abroad. These remittances are a vital lifeline for underbanked communities, enabling those who need it most to buy essential household goods, invest in healthcare and fund education. Yet the process for international transfers is shockingly slow and expensive.
Crypto international money transfers are significantly faster and over 96% cheaper, substantially relieving the burden placed on communities who wish to provide support for their families and friends abroad.
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🛰 Elon Musk’s SpaceX To Rocket 62 Bitcoin To The Moon
In an unprecedented move, LunarCrush, a prominent cryptocurrency firm, has announced that it will be sending a private key to a crypto wallet containing 62 Bitcoins to the moon via a SpaceX rocket in the fall of 2023.
The move is aimed at promoting interplanetary exploration and encouraging people to expand their horizons. In this article, we will explore the details of this intriguing move and why it is making waves in the cryptocurrency world.
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🇨🇷 In the Costa Rica market, you can pay for your purchase in BTC.
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🇭🇰 Hong Kong fund plans to raise $100 million for crypto investment
As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will aim at early-stage Web3 companies oriented at the regional market.
According to a Bloomberg report from March 30, ProDigital Future has finished its half-year fundraising period with about $30 million in its pockets. However, it plans to raise $100 million by the end of 2023.
The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a long-time tech investor from China. At this point, Sunwah Kingsway Capital Holdings and Golin International Group have already hopped in to support the fund.
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💬 Binance CEO CZ rejects allegations of market manipulation
Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or 'manipulate' the market under any circumstances.”
In a March 28 blog post, the chief executive responded to the CFTC’s lawsuit accusing Binance and CZ of engaging in improper compliance procedures and trading, calling the allegations “an incomplete recitation of facts.”
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🔥 Microstrategy Repays $205M Bitcoin-Collateralized Loan in Full at 22% Discount for $160M, Acquires Additional 6 455 BTC and Now Holds 138 955 BTC.
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🧬 Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.
The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism.
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