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- 🚀 OpenAI CEO Close to Landing $100M for Worldcoin
🚀 OpenAI CEO Close to Landing $100M for Worldcoin
⛏️ Texas ditching CBDCs for Gold-Backed Crypto, 💰 Tether made $1.5B in Profits in Q1, 2023, and holds 2% Bitcoin in Total Reserves etc
DeFi God
May 15, 2023
Yo, its time agian for the 🌶️ est crypto news for the day. Let’s go…
🔥 What's hot today 🔥
🚀 OpenAI CEO Close to Landing $100M for Worldcoin
💰 Tether made $1.5B in Profits in Q1, 2023, and holds 2% Bitcoin in Total Reserves
🏦 Nearly $1 Trillion Flees US Banks in a Year
⚔️ Ripple CTO Dubs BEN Coin a 'Scam,' Bitboy Steps In
⛏️ Texas ditching CBDCs for Gold-Backed Crypto
📚 Market analysis of the day
🐦 Tweet of the day
🧠 Wisdom of the day
🚀 OpenAI CEO Close to Landing $100M for Worldcoin
OpenAI's top gun Sam Altman is reportedly close to securing a whopping 💰$100M in funding for Worldcoin, an ambitious global cryptocurrency project. Since its inception, Worldcoin has attracted substantial backing from big names including a16z, Coinbase Ventures, and LinkedIn's co-founder. 🤝 In a world increasingly complicated by AI, Worldcoin is tackling key issues and is gearing up to launch its blockchain protocol within the next six weeks. Plus, it recently rolled out a gas-free crypto wallet exclusive for verified humans.
What a week! From 🌍📱 to ( 🪩_🔴 ), the Worldcoin protocol and its partners have covered a lot of ground in a few short days.
Let's recap! ⬇️
— Worldcoin (@worldcoin)
3:34 PM • May 13, 2023
💰 Tether made $1.5B in Profits in Q1, 2023, and holds 2% Bitcoin in Total Reserves
Tether (USDT) soared in Q1 2023, earning $1.5 billion amidst US banking turmoil 📈. Diversifying into Bitcoin and gold, it now holds $81.8 billion in assets. Leveraging the Repo market, it's reducing reliance on bank deposits for liquidity
🏦 Nearly $1 Trillion Flees US Banks in a Year
US banks saw a massive $910 billion exit in the past year, taking the balance down from $18.06 trillion to $17.15 trillion. Despite turmoil in the sector and concerns over 700 banks' safety, the Fed assures a "resilient" system. Will Powell's potential rate increase add more stress? Stay tuned!
⚔️ Ripple CTO Dubs BEN Coin a 'Scam,' Bitboy Steps In
Ripple's CTO, David Schwartz, labels the BEN Coin project a "rug pull" scam. Crypto influencer Ben Armstrong, aka "Bitboy," vehemently defends the project, even announcing his takeover of BEN Coin. Despite the controversy, BEN token shows bullish tendencies on the price chart.
⛏️ Texas Strikes Gold: Ditching CBDCs for Gold-Backed Crypto
Texas has proposed a bill to ban CBDCs, highlighting concerns over government surveillance and control🕵️. Instead, the state is considering a gold-backed digital currency, ensuring privacy, security, and stability for its residents
Banning #Bitcoin mining is like the fiat version of a 51% attack.
They don't want to put in the work to DoS attack the network via hash, so they just use regulatorily captured politicians to attack honest hashers using oppressive laws.
It will backfire in their faces.
— Jason Lowery (@JasonPLowery)
7:15 PM • Mar 13, 2022
📚 Market analysis of the day
Litecoin's active addresses are skyrocketing📈, with smaller transactions taking the lead. Could LTC20, Litecoin's new NFT standard, be the cause? The smallest LTC wallets are growing fast, hinting at LTC20's potential impact. Stay tuned for more on this exciting trend!
🐦 Tweet of the day
True wealth is created in bear markets.
Just buying the dip won't help.
Here's how 👇
— Defi God ⟠ thedefigod.eth 🇮🇳 (@_defi_god_)
12:25 PM • May 14, 2023
🧠 Wisdom of the day
💡 What is Bitcoin Mempool?
Acting as a 'memory pool', this space within the Bitcoin network temporarily hosts pending transactions before they are validated and added to the blockchain ⛓️. Miners cherry-pick transactions to include in the next block, typically leaning towards those with higher fees 💰.
Let’s take an example to understand this.
The dynamic mempool can resemble a packed restaurant on a Friday night, with transactions vying for priority much like customers offering higher tips to secure a table 🍽️. Just like watching the waiting list at a restaurant, monitoring the mempool can offer valuable insights into network conditions, transaction fee trends, and the transaction backlog ⏱️.