Finance

Bitcoin Core developers propose blocking Ordinals and BRC-20

Bitcoin Core team members Ali Sherif and Luke Dashjr have advocated integrating "spam filtering" into Taproot transactions. This would block tokens based on BRC-20 and NFT Ordinals, but would also take the strain off the network.

"I think everyone here knows what has happened to the bitcoin meme in the last 96 hours. Because of the sheer volume of third-party projects like BRC-20, real BTC transactions are overvalued, and that's what's causing massive overloads," Ali Sheriff said in a statement.

This stance has faced criticism from members of the NFT industry. First, they see the potential in these tokens, and second, Bitcoin is primarily a public project. Consequently, developers have no right to make such important decisions alone.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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