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Crypto
Apple’s new headset could put a rocket under metaverse tokens
Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry.In January, the native tokens of blockchain-based…
MoonPay Launches App In More Than 130 Countries
MoonPay, a cryptocurrency infrastructure company, has launched its app in over 130 countries, offering more than 5 million claimed users a streamlined multi-wallet management solution. The app,…
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws…
Biden Administration Proposes 30% Tax On Energy Used By Bitcoin Miners
The President's new budget proposal for Fiscal Year 2024 includes the Digital Asset Mining Energy (DAME) excise tax, which would require bitcoin mining firms to pay 30% of the cost of electricity…
OpenAI preps release of open source AI model: Report
An open-source artificial intelligence (AI) model is reportedly being prepared for public release by OpenAI, the firm behind the AI chatbot ChatGPT.In a May 16 report in The Information citing a person with knowledge of the plan, OpenAI…
Fedi Raises $17 Million In Fundraising Round Led By Ego Death Capital
Fedi, Inc., a U.S.-based developer of community-empowering financial and data technology utilizing Fedimints on Bitcoin, has raised $17 million in a Series A round of financing. Fedi is set to pre-launch an alpha version of its…
Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’
President of the Minneapolis Federal Reserve Bank, Neel Kashkari, participated in a fireside chat at the Minnesota Transportation Conference and Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and…
Bitcoin Argentina Launches Introduction To Lightning Network Course
Bitcoin Argentina, an NGO focused on promoting Bitcoin, is offering a virtual training course called "Introduction to Lightning Network."According to a press release sent to Bitcoin Magazine, the…
Digital asset market shrinks as fund outflows reach $200M: CoinShares
On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of…
North Carolina County Enacts One-Year Ban On Commercial Bitcoin Mining, But Not Without Pushback
As first covered in Bitcoin Magazine on April 6, Buncombe County, North Carolina proposed a one-year moratorium on bitcoin mining and held a public hearing on May 2.The text of the proposal…