Albanese government gives firm ‘no’ to joining UK-US agreement to advance nuclear technology 
Tesla’s 5% Surge Sends S&P 500 Soaring Amid Tech Rally: 'Self-Driving Revolution On The Horizon' 
China’s Pony AI Pursues $4.55 Billion Valuation in Ambitious US IPO to Lead Robotaxi Surge 
Is Bitcoin’s Rally in Danger? Five Critical Signs Suggest Bull Run Could Be Nearing Its Peak 
Shiba Inu Scam Warning Shocks Community: Fraudsters Use Fake Tokens to Exploit Shibarium Enthusiasts 
How a solar Minecraft server is changing the way we play video games 
HBAR, OM, and APE Tokens Gear Up for Rally as Binance Reveals Major Trading Pair Expansion 
Nvidia Drives S&P 500 Gains as AI Enthusiasm Climbs Amid Rising Russia-Ukraine Nuclear Tensions 
Analyst Sounds Alarm: S&P 500 and Nasdaq Set to Dive as Sell Signals Emerge 
Trump Names Crypto Champion Howard Lutnick as Commerce Secretary, Signaling Digital Shift 
Nasdaq's Bitcoin ETF Options Ignite Market Buzz: Is a $200K BTC Rally Closer Than Ever? 
Shiba Inu’s 14.84 Trillion Surge: Are Whales Quietly Shaping SHIB’s Next Big Move? 
Apple Fights Back Against DOJ Monopoly Allegations Amid Rising Big Tech Antitrust Pressure 
AMD's Accounting Shake-Up: 'Smith's Sudden Exit Sparks Speculation' 
Trump Meets Coinbase CEO Brian Armstrong for Key Appointment Talks — WSJ 
AI feels like an unstoppable force. But it is not a panacea for businesses or society 
South Korea’s $36K Crypto Tax Threshold Sparks 2025 Battle: 20% Gains Levy in the Crossfire 
Jimmy Wales, creator of the popular web encyclopedia Wikipedia, has weighed in on blockchain and the various issues surrounding it. Speaking at the BlockShow event in Berlin in late May, the entrepreneur said that a lot of people are jumping onto the hype of blockchain and cryptocurrency without considering their consequences, Cointelegraph reported.
Wales was addressing not only crypto investors but also regulators who mean to build a legal framework for the technology. As it stands, the crypto bubble has yet to burst so it’s still anyone’s guess what the future holds for this budding industry.
One of the things that an interviewer asked Wales was his about perspective on the blockchain bubble. He answered that the bubble doesn’t mean it's all bad but, rather, there’s still value in it for the right company that will create the next best thing. However, Wales did add that there’s also a lot of red herrings in the industry, with investment going towards the wrong channels.
This sentiment is backed by a report released by China saying blockchain-based projects have an average lifespan of 1.22 years despite maintenance. It outlined that of the 80,000 global blockchain ventures, only 8 percent are seeing upkeep, and even then the possibility of them surviving is slim at best.
He also pointed out the fact that politicians who are trying to draft a legal groundwork that will govern the crypto sphere aren’t equipped enough to even understand the technology, let alone create regulations for it. Wales cited legislators who want to ban cryptography altogether. ”You can’t ban blockchain. It’s math,” the Wikipedia founder said.
When asked if he’s an investor in the crypto space, Wales said he has a few crypto coins here and there but he isn’t dabbling in investing. He added that he also isn’t planning on starting a blockchain project and has his attention focused on WikiTribune, which he described as “all about bringing high-quality neutral journalism to the world.”
