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Crypto

Bitcoin born of 2008 financial crisis: what warning was embedded in the first block

Bitcoin’s origins as an alternative to the 2008 global financial crisis and large-scale bank bailouts are drawing attention again, an analysis said. Bitcoin Magazine reviewed how monetary expansion policies during the crisis exposed limits of the existing currency system and helped spur Bitcoin’s emergence. It highlighted claims that such policies dilute purchasing power and act like an indirect tax. The report pointed to the genesis block message citing a Times headline on a second bank bailout.

Telecommunications & Media

MSIT and Broadcast Media Commission launch AI and media policy council

South Korea\'s Ministry of Science and ICT and the Broadcast Media Communications Commission will jointly respond on artificial intelligence, media and digital regulation, aiming to reduce policy gaps as industry boundaries blur. The two agencies launched a policy council in Seoul on Tuesday. Cooperation will cover AI, media and OTT services, and digital regulation and user protection. They also plan to share parts of broadcast video AI training datasets via MSIT\'s AI Hub for research and education.

Crypto

Analyst who called XRP peak says crypto market no longer as simple

As the cryptocurrency market gave back most of its May gains in five days in June, analysts offered differing interpretations. U.Today reported total market value fell about 15 percent, with XRP down 17 percent and bitcoin down 18 percent. Analyst Donald, known for projecting XRP’s surge in late 2024, said sentiment is at rock bottom and the market is no longer simple, citing derivatives, a proliferation of ETFs and AI-related risks.