In an unexpected plot twist, China seems to be altering its stance on cryptocurrencies after years of stringent regulations and outright bans on initial coin offerings (ICOs) and crypto exchanges. A signal of this transformation is the newly released "Web3 Innovation and Development Whitepaper," an epic doctrine recognizing the power of Web3 technology as a key player in shaping the future of the internet industry. 🙃 

Beijing has declared its ambitions to become the global innovation hub of the digital economy and is willing to put a considerable amount of money where its mouth is – 100 million yuan ($14 million) annually until 2025. 🇨🇳 

Get ready for a digital revolution in the world of finance as JP Morgan brings artificial intelligence to investment advice with their newly proposed software, IndexGPT. This is not a "chat" about the weather or your favorite music, but instead a sophisticated AI system for selecting financial securities based on customer needs. 🤖🤝 

The move, as exciting as it is, has been met with some skepticism. Financial commentator and Bitcoin critic Peter Schiff pondered over the quality of advice the AI might provide, comparing it to the advice of their human counterparts. 👨 

Despite the mixed response, one thing's clear: with this development, your future investment advice might just come from a sophisticated algorithm. 💥 

In a stern move against cryptocurrencies, Bali has warned tourists against using digital assets for payments. Governor Wayan Koster made it clear at a press conference that only the Indonesian rupiah is accepted as legal tender, with violators risking deportation, criminal penalties, and fines. 🦹‍♂️ 

This hard stance comes amid plans to limit tourist numbers and curb disruptive behavior. While holding crypto isn't an issue, using it as a means of payment could have severe repercussions, including substantial fines for unlicensed foreign exchange activities. The message? Leave your Bitcoin at home when visiting Bali. 🏡 

El Salvador's President Nayib Bukele has tapped the expertise of Saifedean Ammous, the maestro behind 'The Bitcoin Standard', as an Economic Advisor to the National Bitcoin Office. 🤝 

Ammous, who's a celebrated name in the Bitcoin community, will play the role of Yoda, guiding the country on matters related to economic policies, and helping to amplify Bukele's mantra of "economic liberty and bitcoin". 🧡 

Interestingly, Ammous is a strong advocate of Austrian economics - a school of thought that believes in letting the free market dictate prices, sans government meddling. This starkly contrasts with the Keynesian model that supports government intervention to stimulate the economy. In 'The Bitcoin Standard', Ammous paints a utopian world where Bitcoin is king and its limited supply keeps governments from mismanaging the economy and eroding citizen savings. 🚀