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Arthur Hayes, Maelstrom CIO and ex-BitMEX CEO, argues that AI-powered Decentralized Autonomous Organizations (DAOs) will revolutionize economic entities, making traditional structures obsolete due to their reliance on human labor and state-enforced contracts.
He asserts AI DAOs, unfettered by physical forms and therefore state laws, will use smart contracts on public blockchains for self-governance and service provision.
Hayes predicts that DAO capital markets will become the first genuinely global markets and decentralized exchanges will naturally monopolize the trading of DAO-issued tokens.
Hayes sees a future trillion-dollar AI-powered economy that would significantly boost the value of blockchains like Ethereum. Stably Unveils BRC-20 Stablecoin
Crypto startup Stably has unveiled Stably USD, a dollar-backed stablecoin aimed at transforming trading within Bitcoin’s thriving on-chain economy. The company asserts that its stablecoin offers a more cost-effective and efficient trading experience compared to fiat or Bitcoin itself. Tether to Drive Blockchain Education in Georgia
Tether, the leading stablecoin issuer, has announced a groundbreaking partnership with Business & Technology University (BTU) in Georgia to advance blockchain and cryptocurrency education in the region. The collaboration aims to empower students with the knowledge and skills needed to excel in the emerging digital economy. Commercial English Banks Could Be Denied Access to CBDCs
Andrew Bailey, the Governor of the Bank of England, recently spoke in Washington about the challenges facing the financial system, as well as potential solutions and the overall state of the economy. During his speech, he also discussed topics such as cryptocurrencies, stablecoins, and CBDCs. BlueMove NFT marketplace: a profitable opportunity for everyone?
BlueMove is riding high as one of the most popular NFT marketplaces on the Aptos and Sui blockchains. The project is all about community engagement and rewards active users with MOVE tokens, which are the heart of the project's economy. UK Targets Crypto Crooks with New Economic Crime Plan
The UK Treasury and Home Office are flexing their muscles against crypto money launderers and fraudsters, unveiling a three-year Economic Crime Plan. The government aims to protect consumers, boost the economy, and make the UK a magnet for crypto innovation.
The country intention to seek a court-ordered shutdown of Facebook unless the social media giant takes decisive action to address alleged investment and cryptocurrency scam advertisements on its platform. According to the Ministry of Digital Economy and Society, over 200,000 individuals fell victim to deceptive Facebook ads. The ministry highlighted that common tactics employed by scammers included crypto investment and trading schemes, often featuring images of celebrities and prominent financial figures, and promising daily returns of up to 30%. The ministry is in the process of gathering evidence regarding these scam advertisements, with their number estimated to be over 5,300. Unveiling LUKSO (LYXe): An Overwiev of the Project
LUKSO (LYXe) is the native token of the LUKSO platform, designed to cater to the needs of a dynamic and ever-changing creative economy. Originally introduced on the Ethereum blockchain, it has since transitioned to its own independent mainnet. Currently, LUKSO holds the 149th position in the cryptocurrency market cap rankings. Interview with Yulia Parkhomenko (Ukraine's MDT)
We recently had the opportunity to connect with Yulia Parkhomenko, the Head of the Digital Economy Department at the Ministry of Digital Transformation, during the latest Incrypted Crypto Summit in Kyiv. The exchange provided a crucial insight into the Ministry's stance on pressing crypto-related issues and the state of crypto adoption in Ukraine. Europe Eyeing Stricter Rules for DeFi
The European Systemic Risk Board (ESRB), the EU's financial stability authority, has voiced concerns that the rapidly expanding digital asset and decentralized finance (DeFi) sectors could pose a systemic threat to the economy. This warning has led to suggestions that further regulations may be needed to oversee major crypto conglomerates and smart contracts.
Ukraine's President, Volodymyr Zelensky, recently met with the leaders of BlackRock, the world's largest investment management company, to discuss the creation of an investment fund aimed at revitalizing the country's economy. The fund will be financed by both public and private capital and will support large-scale business projects in Ukraine.
The Ministry of Economy of Ukraine has signed a contract with BlackRock Financial Market Advisory to provide advisory services for the development of the Ukraine Development Fund. The creation of this fund marks an important milestone in the country's economic development, as Ukraine has not seen significant private investment at this scale before.
President Zelensky has highlighted that the successful implementation of the project will send a powerful message to both domestic and foreign investors about the country's investment climate. To ensure transparency and success, Ukraine has engaged top financial and consulting organizations such as BlackRock, JP Morgan, and McKinsey.
This initiative is a positive development for Ukraine's economy and a testament to the government's commitment to attracting private investment. The creation of the Ukraine Development Fund is a critical step towards achieving sustainable economic growth and prosperity for the country. Understanding how macroeconomic factors affect Bitcoin's price
The crypto media have been increasingly focusing on the topic of the global economy, and for good reason. The cryptocurrency market has become more responsive to changes in macroeconomic indicators, and Bitcoin itself has a strong correlation with the S&P 500 index during certain periods. How exactly do macroeconomic factors affect cryptocurrency prices?
James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak.
Positive changes were influenced by two factors:
- inflation in the USA has reached maximum levels
- relations between USA and China began to improve
Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more.
Gorman also suggested that the Fed will not raise rates above 25 basis points next month.
The crypto market seems to agree. 





