FameEX Morning Crypto News Recap | May 24, 2023

Resumption of Dash Block Production Following Disruption Amid Miner Complaints
Following a temporary disruption during a Dash blockchain upgrade, block production has resumed with 552 confirmed blocks so far. While Dash Core 19.1.0 resolved the issue on-chain, some individuals have raised complaints about mining on an alternate chain.

UN Secretary-General Urges Reform of Outdated, Dysfunctional, and Unfair Global Financial System
UN Secretary-General António Guterres criticizes the current global financial system as outdated, dysfunctional, and unfair. He highlights the systemic bias favoring wealthy nations, leading to frustration in developing countries. Reform is urged to address these issues and promote a more equitable framework.

Court Records Reveal Bankrupt Crypto Exchange FTX's Ongoing Exploration of Relaunch Possibilities
Newly submitted court records in the FTX insolvency case reveal that the exchange's new CEO, John Ray III, has been actively investigating options for reviving the disabled trading platform. The records also indicate the early development of restructuring strategies as part of the revival plan.

Crypto ATM Operator Bitcoin of America Fined by Connecticut Banking Regulator
The Connecticut Department of Banking has reached a settlement with crypto ATM and kiosk operator Bitcoin of America, as disclosed by Commissioner Jorge Perez. The settlement involves Bitcoin of America paying $86,000 in restitution and being obligated to halt operations in Connecticut.

Introduction of SRC20 Tokens Coincides with Bitcoin Approaching 50,000 Recorded Stamps on Blockchain
The Bitcoin Stamps trend, characterized by nearly nine million ordinal inscriptions, is approaching a significant milestone of 50,000 stamps recorded on the Bitcoin blockchain. In parallel to the BRC20 token economy, the Bitcoin Stamps concept enables users to mint fungible tokens using the SRC20 standard.

JPMorgan CEO Cautions: Prepare for Interest Rates to Rise From Current Levels
During JPMorgan Chase's investor day event, CEO Jamie Dimon addressed concerns over interest rates. Contrary to market expectations, Dimon cautioned that rates are likely to rise further. He also discussed the potential risks in the commercial real estate sector, prompted by concerns raised by Berkshire Hathaway's Charlie Munger.

Exploring the Current Landscape of CBDC Initiatives Worldwide: CBDCs on the Horizon
Central bank digital currencies (CBDCs) have faced criticism within the crypto community, but they represent a prominent use case for blockchain technology. Despite skepticism, CBDCs hold significant potential and are being actively explored by central banks worldwide.

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