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Tether's New Strategy: Buying Bitcoin with Profits
Tether, a leading stablecoin issuer, has unveiled a new investment approach emphasizing Bitcoin (BTC). The company will allocate up to 15% of its net realized operating profits to purchase Bitcoin, thereby diversifying and strengthening its reserves. As of March 2023, Tether already had approximately $1.5 billion in BTC reserves. UK Committee Suggests: Regulate Crypto Trading Like Gambling
In an unorthodox move, a group of British legislators has proposed that the trading of "unbacked cryptoassets" such as Bitcoin and Ethereum should be regulated akin to gambling, not as a financial service, according to a recent House of Commons Committee report. Nexa: L1 Blockchain from Bitcoin Unlimited Developers
Nexa is a Layer-1 blockchain that utilizes the Proof of Work consensus mechanism and aims to become the most scalable base chain. This decentralized ledger is designed to process more than 10 billion transactions per day or 100,000 transactions per second. 
A recently discovered bug in Ordinals, a system for writing digital collectibles onto the Bitcoin blockchain, has raised concerns and sparked a debate on how to address the issue. The bug was introduced by a developer known as Supertestnet, who initiated a transaction that didn't output a satoshi but was still considered valid in the Ordinals system. This caused the numbering system that Ordinals uses for inscriptions to be offset by one.
Ordinals creator Casey Rodarmor acknowledged the bug on GitHub, expressing uncertainty about the best course of action to fix it. While the bug doesn't break the primary Ordinals system of tracking satoshis linked to collectibles, it affects the vanity metric of inscription numbers, which indicate the order in which each Ordinal collectible was created.
Danny Diekroeger, founder of Bitcoin Lightning platform Deezy, downplayed the severity of the issue, stating that inscription numbers were already somewhat flawed. Another developer, Rijndael, agreed, noting that the bug should not impact the actual Ordinals themselves, but only the inscription numbering system.
As developers and the community discuss potential solutions, it's clear that the bug raises questions about the reliability and security of the Ordinals system. While it may not be a major problem in the grand scheme of things, it serves as a reminder of the importance of ongoing development and testing in blockchain-based systems. 
In a creative twist to raise cryptocurrency awareness and honor Satoshi Nakamoto, the creator of Bitcoin, an eyewitness to a tornado leveraged their unique footage of the extreme weather event. The individual agreed to share their video with NBC News on the condition that the news outlet mentioned Satoshi Nakamoto in the related story.
The tornado eyewitness, a cryptocurrency enthusiast, recognized the opportunity to garner attention for the decentralized digital currency and its mysterious creator. By weaving Satoshi's name into a mainstream news story, the witness aimed to pique the interest of viewers unfamiliar with the world of cryptocurrencies and possibly contribute to mass adoption.
NBC News, eager to obtain the dramatic tornado footage, agreed to the unusual request, resulting in a surge of curiosity surrounding Satoshi Nakamoto and Bitcoin. Unconventional approaches can sometimes lead to a broader public understanding and engagement in the crypto world. 
What Is BRC-20?
BRC-20 is a new standard for fungible tokens on the Bitcoin network. It uses sequential numbering to encode data in the smallest units of BTC, known as satoshis. This standard allows tokens to exist side by side with Bitcoin on its native blockchain, much like ERC-20 tokens in the Ethereum network. 
CashTokens Update from Bitcoin Cash with DeFi Features
Bitcoin Cash (BCH) has taken a significant step forward with the release of the CashTokens update, which allows users to create digital assets within the network. With this update, users can now create their own tokens and develop DeFi applications on the Bitcoin Cash network. BRC-20 Tokens Driving Growth on the Bitcoin Network
The notable increase in Ordinals inscriptions on the Bitcoin network, from 2.5 million to 4.78 million within a week, can be primarily attributed to the emergence of BRC-20 tokens. This new token standard was developed by a Twitter user named domodata on March 8, 2023. Spike in Bitcoin Tickers Raises Concerns
A sudden uptick in Bitcoin tickers, transaction fees, and unconfirmed transactions over the weekend sparked concerns about a potential Denial of Service (DoS) "attack" on the network. However, industry analysts have reassured the community that there's no cause for alarm. Bitcoin Gets a Boost Amid First Republic Bank's Bankruptcy
The crisis plaguing American regional banks intensifies. First Republic Bank (FRB) bankruptcy has become the second-largest in U.S. history, after the collapse of Washington Mutual Inc. in 2008. As of the end of April, FRB's shares plummeted by 73%. 
The Bitcoin mempool is overwhelmed
Over 225,000 unconfirmed transactions are currently in the Bitcoin memory pool (mempool), indicating a growing demand for the network, according to data from mempool.space on May 2. The mempool's size has surpassed 580 MB, nearly double its 300 MB limit, reaching levels last seen in 2017.