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Celebrating Bitcoin Pizza Day: 13 Years of Revolutionizing the Crypto Industry; Vitalik warns about Ethereum & NairaCoin

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Bitcoin Pizza Day is a momentous occasion in the world of cryptocurrencies that has highlighted the first-ever purchase made using Bitcoin. On May 22, 2010, Lazlo Hanyecz bought two large Papa John’s pizzas for 10,000 Bitcoin, heralding the start of a new era for the digital asset industry. As the 13th anniversary of this iconic day is commemorated, it is worth contemplating the transformative power of Bitcoin and its lasting impact on the global financial landscape. Let’s explore these updates on CryptoTvplus.

Bitcoin Pizza Day: A Historic Milestone

Bitcoin Pizza Day, celebrated every year on May 22nd, unites enthusiasts and investors to honor the modest beginnings of Bitcoin. This day acts as a reminder of the remarkable growth Bitcoin has undergone since that historic event. The transaction between Laszlo Hanyecz and Papa John’s Pizza signified a crucial milestone, propelling Bitcoin towards its present standing as a trailblazing cryptocurrency that has transformed the financial world. The observance of Bitcoin Pizza Day is a delightful occasion for numerous individuals globally.

Nigeria’s Blockchain Policy and the Rise of Naira Coin

In Nigeria, the government recently introduced the national blockchain policy and established a steering committee. This significant development comes two years after the Central Bank of Nigeria banned financial institutions from facilitating crypto transactions. In a related development, Michael Nsiak, a Nigerian developer, launched what he claims to be the first native coin on a blockchain. Known as Naira Coin, this digital asset, hosted on five delegated services worldwide, embraces a uniquely Nigerian perspective. Visit www.niracoin.africa to learn more.

Vitalik Buterin’s Warning on Ethereum’s Consensus Layer

Vitalik Buterin, co-founder of Ethereum, warns against overburdening Ethereum’s consensus layer in his new blog post. He cautions that expanding Ethereum’s network consensus for purposes beyond its primary functions could introduce significant systemic risks to the ecosystem. The blockchain’s minimalistic nature must be maintained to prevent major vulnerabilities.  Buterin emphasizes that exercising caution is critical when dealing with the consensus process in Ethereum which validates blocks through the proof-of-stake mechanism.

Joe Biden’s Stance on Crypto Traders and the Debt Ceiling

The ongoing discussions surrounding the regulation and taxation of cryptocurrencies in the United States have been brought into the spotlight following President Joe Biden’s opposition to a proposed debt ceiling agreement by Republican leaders during the Group of Seven (G7) Summits in Hiroshima, Japan. 

Biden spoke out against the terms of the proposed deal, labeling them as unacceptable. Among the President’s concerns was a clause that would protect wealthy tax cheats and crypto traders while putting nearly one million Americans in jeopardy of losing their food assistance.

Upcoming Blockchain Events: Crypto Expo Asia

The crypto industry is looking forward to Crypto Expo Asia, which is set to take place on June 7th-8th, 2023. This in-person event in Asia strives to deliver top-notch information and updates on cryptocurrencies, enabling participants to investigate investment prospects with intelligence and protection. As the crypto sector is poised for more expansion and change, this occasion provides important perspectives on the crucial elements influencing the market, networking chances with specialists and investors, and interactions with leading industry figures.

Conclusion

The annual celebration of Bitcoin Pizza Day serves as a powerful reminder of the incredible growth and transformation that Bitcoin has undergone since its first real-time transaction. In just 13 years, we’ve witnessed tremendous progress in the digital asset industry. From Nigeria’s blockchain policy to the launch of Naira Coin, Vitalik Buterin’s cautionary message regarding Ethereum’s consensus layer, and Joe Biden’s stance on crypto traders – all of these factors continue to shape the ever-evolving landscape of cryptocurrencies.

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