Nintendo will not use generative AI to build game titles
Nintendo’s president addresses the risks of intellectual property breaches with generative AI at a shareholder meeting.
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Elon Musk loses $20B since SNL, as Michael Saylor comes out firing
Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets. On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since the…

FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of July 2023. 1164 Total views 2 Total shares The United States Federal Reserve clarified that its new service for…

South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. 5397 Total views 12 Total shares The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading.Following a legislative notice lasting until Jan. 21, the amendment is likely to be enacted…

Apocalypse survival requires 1 BTC, says Joe Rogan guest
Bitcoin for the survival win? Celebrity and podcaster Adam Curry described the importance of Bitcoin (BTC) to podcaster and comedian Joe Rogan. He posited the asset's importance amid an internet-based world which thrives on personal data sales, banking activities, and centralized control. "The apocalypse is coming, and you're gonna need a Bitcoin — at least one,"…

Expert: India Will Lose an Almost $13 Billion Market by Banning Crypto
Sidharth Sogani, the CEO of crypto and blockchain research firm Crebaco Global Inc, believes that India will lose around $12.9 billion worth of market if cryptocurrency is banned in the country.Sogani shared his reasoning with the news outlet AMBCrypto, which reported the matter on Aug. 8. According to the report, Crebaco’s methodology included an analysis of…

Russia considers new energy tariffs as Chinese crypto miners relocate
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. 101 Total views 3 Total shares The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China.Russian Energy Minister Nikolai Shulginov announced Wednesday…

Propy partners with Abra to provide crypto-backed real estate loans
Cryptocurrency investors now have more options for purchasing property without having to sell their digital assets outright. 107 Total views 11 Total shares Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets. Propy customers can now…

Bitcoin mining stocks underwhelm in March, but brighter days could be around the corner
Bitcoin mining stocks had a dull performance in March, with small moves here and there that followed BTC's price movement. While it is encouraging to see that most stocks held onto their impressive January gains, Bitcoin's price action will be crucial for the short-to-medium-term performance of these stocks.Additionally, the expansion of the public Bitcoin mining…