Former UFC Champion Conor McGregor Sparks Bitcoin Conversation on X

Former UFC champion and self-declared future Irish presidential hopeful Conor McGregor took to X on May 11 to ignite a conversation

Former UFC champion and self-declared future Irish presidential hopeful Conor McGregor has sparked conversation around Bitcoin and the broader world of cryptocurrencies. In a recent post on X, originally Twitter, McGregor mused on the growing significance of digital assets.

"Bitcoin or cryptocurrency? I can see lots of transparent and trustless applications within crypto. And I can see an immutable people's money with Bitcoin. What cryptos can help bring accountability to a government? Why??," McGregor wrote on May 11.

The post quickly drew responses from leading figures in the crypto industry, such as Cardano founder Charles Hoskinson and Orqestra co-founder Stephen Cole, who shared their thoughts on blockchain's role in civic trust and transparency.

To a comment from Hoskinson inviting collaboration, McGregor replied, "Let's chat."

In contrast, Cole offered a pointed analysis, asserting that Bitcoin remains the strongest contender among all digital currencies due to its unique decentralization model.

"Bitcoin is the only one socially decentralized enough to resist pressures. All the so-called 'stablecoins' and other altcoins are fundamentally limited by the small number of entities who maintain the code base and economic interest in its stability," Cole stated.

He further argued that Bitcoin's resilience and inability to be easily influenced or altered make it the most viable tool for ensuring accountability.

"The founders of any of the major altcoins could quickly become billionaires if their coin explodes in price. They'd be motivated to exert influence to that end, and they'd be susceptible to pressure from governments and other powerful actors to do so," Cole elaborated.

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HashKey Europe Secures VASP License from Central Bank of Ireland

HashKey Capital, a prominent digital asset management company, has announced the launch of its European operations with the acquisition of a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. This development marks a significant step in HashKey's expansion into the European market.

The acquired license will enable HashKey Europe to provide a diverse range of services within the legal framework of the European Union (EU). These services include cryptocurrency exchange and brokerage, as well as custody solutions for institutional investors.

The news of the VASP license comes after HashKey completed a $100 million Series A funding round in December 2023. The company is actively seeking to expand its presence and offerings in the evolving cryptocurrency landscape.

As the cryptocurrency market continues to grow and mature, the role of regulated and licensed entities like HashKey is becoming increasingly crucial in fostering the responsible adoption of digital assets.

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