FameEX Morning Crypto News Recap | May 24, 2023

Dash Block Production Resumes After Temporary Halt Due to Miner Complaints
After a temporary disruption during a Dash blockchain upgrade, the resumption of block production is underway, with 552 confirmed blocks recorded. Although the issue was resolved on-chain by Dash Core 19.1.0, certain individuals have voiced grievances regarding mining on a different chain.

Calls for Reform of Outdated, Dysfunctional, and Unfair Global Financial System Made by UN Secretary-General
UN Secretary-General António Guterres voices strong criticism of the existing global financial system, describing it as outdated, dysfunctional, and unfair. He emphasizes the presence of a systemic bias that benefits wealthy nations and causes frustration among developing countries. Urgent reform is called for to rectify these issues and establish a more equitable framework.

Bankrupt Crypto Exchange FTX Explores Relaunch Options, Court Records Show
FTX's newly appointed CEO, John Ray III, is diligently exploring possibilities to revive the disabled trading platform, as disclosed in recently filed court records of the insolvency case. The records highlight the CEO's active investigation into revival options and the early formulation of restructuring strategies for the platform's revival.

Connecticut Banking Regulator Imposes Fine on Crypto ATM Operator Bitcoin of America
Bitcoin of America, a crypto ATM and kiosk operator, has reached a settlement with the Connecticut Department of Banking. Commissioner Jorge Perez announced that the settlement requires the company to pay $86,000 in restitution and cease all operations in Connecticut.

Bitcoin Nears 50,000 Recorded Stamps on Blockchain as SRC20 Tokens Make Their Debut
Bitcoin Stamps, with almost nine million ordinal inscriptions, is on the verge of reaching 50,000 stamps recorded on the Bitcoin blockchain. The concept allows users to mint fungible tokens using the SRC20 standard, akin to the BRC20 token economy.

JPMorgan CEO's Warning: Brace for Increasing Interest Rates from Current Levels
JPMorgan Chase CEO Jamie Dimon, at the investor day event, diverged from market expectations by warning of the likelihood of further interest rate increases. Dimon also highlighted the potential risks in the commercial real estate sector, spurred by concerns expressed by Charlie Munger of Berkshire Hathaway.

CBDCs on the Horizon: A Comprehensive Look at Global CBDC Initiatives
Central bank digital currencies (CBDCs) have been subject to criticism in the crypto community, yet they serve as a prominent application of blockchain technology. Despite skepticism, CBDCs are actively being explored by central banks globally, reflecting their substantial potential for innovation and financial transformation.

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