FameEX Morning Crypto News Recap | May 16, 2023

Paul Tudor Jones Stays Committed to Bitcoin Despite Increasing Regulatory Scrutiny
Paul Tudor Jones, a prominent investor, discussed the future of bitcoin in an interview, acknowledging potential regulatory obstacles. Nevertheless, he emphasized his unwavering dedication to the dominant cryptocurrency, stating that he maintains a small portion of it in his investment portfolio and intends to continue doing so.

Bitcoin Cash (BCH) Reaches Milestone Upgrade, Unleashing Transformative Features of Cashtokens
Bitcoin Cash reached a major milestone on May 15, 2023, by integrating four advanced features into its consensus ruleset. The eagerly awaited upgrade went live precisely at 1:24 p.m. UTC, signifying a significant leap for the peer-to-peer electronic cash platform. Enthusiasts believe these transformative changes will revolutionize the blockchain ecosystem.

US Senators Reintroduce the "Accountability for Cryptocurrency in El Salvador (ACES) Act"
U.S. Senators Jim Risch and Bob Menendez have reintroduced the "Accountability for Cryptocurrency in El Salvador Act" (ACES Act) in the Senate. The legislation aims to evaluate the adoption of bitcoin as legal tender in El Salvador and its potential impact on the country's financial stability.

Digital Asset Market Contracts as Fund Outflows Reach $200M
According to CoinShares' "Digital Asset Fund Flows Report," Bitcoin funds experienced outflows of $38 million on May 15. In the past four weeks, total BTC outflows reached $160 million, comprising 80% of all outflows. Additionally, when considering short positions, the total value of outflows related to Bitcoin reached $201 million. These figures indicate a significant focus on Bitcoin in recent investor activity.

Minneapolis Fed President Kashkari Criticizes CBDC as 'Vague and Confusing Jargon'
During a transportation conference, Minneapolis Fed President Kashkari expressed his skepticism towards Central Bank Digital Currencies (CBDCs). He described CBDC discussions as vague and lacking evidence to support claims of their superiority, referring to them as "handwaving word salad" without any substantial backing.

G7 Urges Global Acceleration of 'Travel Rule' Implementation for Cryptocurrency Assets
During their meeting in Niigata, Japan, the G7 committee addressed the global financial impact of central bank digital currencies (CBDCs) and regulations concerning cryptocurrency asset transfers. In a communique, they expressed support for CBDC development, emphasizing the importance of transparency, the rule of law, economic governance, cybersecurity, and data protection as foundational principles that need further investigation.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.