Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.

Microsoft has just launched a new AI tool called Copilot. It will be a similar tool to ChatGPT, which users can use for Word, Excel, PowerPoint, Outlook, etc.

Edwin Garrison has spearheaded a class action lawsuit against influencers promoting FTX on YouTube and other platforms. He seeks $1 billion in damages since they made money from promoting the FTX crypto scam without disclosure.

Meta has just announced a second round of layoffs. It was 11,000 employees four months ago. This time, Meta is firing 10,000 people.

Meta ended support for NFTs on Instagram and Facebook after one year. The company said it will focus on different ways to support businesses and creators.

The federal government will not provide a bailout for Silicon Valley Bank, according to Treasury Secretary Janet Yellen. However, she reassured nervous depositors that efforts are being made to assist them.

The euro strengthened against all fiat currencies, supporting the ongoing trends. EUR/AUD jumped 1.5%, while EUR/JPY and EUR/GBP are up 1.2%.

Texas introduced a bill that should protect Bitcoin miners, holders, and developers. The bill explains how Bitcoin made several technological breakthroughs, including blockchain and distributed ledger.

After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.

Canada’s annual inflation rate dropped to 5.2% from the previous month’s 5.9%. This is the lowest reading since January 2022 and falls short of the market’s projection of 5.4%. Core inflation decreased as well, from 5% to 4.7%.

After Balaji made a bet that Bitcoin would hit $1 million, Strike CEO, Jack Mallers, joined him. This is due to fears of hyperinflation in the US. In the meantime, the fear and greed index reached 16-month highs, bringing euphoria to the crypto market.

Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.