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Kenyan Central Bank: CBDC Not a Priority ‘in the Short to Medium Term’
6.6.2023
The Kenyan central bank has said implementing a central bank digital currency (CBDC) may not be a priority for Kenya in the short to medium term. According to the central bank, Kenya’s “pain points in payments can potentially be solved by strengthening innovations around the existing payment...
Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
6.6.2023
The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said
Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says
5.6.2023
If Coinbase faces charges from SEC, at least 37% of the crypto exchange's net revenue would be at risk, analysts says
How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5
5.6.2023
There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence
Is it Too Late to Buy Solana? SOL Price Shoots Up 5% and This AI Crypto Signals Platform Helps to Find the Next Coin to Pump – Best Low Cap Gem?
5.6.2023
Market traction is growing behind Solana, as months of stalemate price action have given way to an impressive +15% SOL price pump, but is it too late to buy Solana?
At the time of writing Solana (SOL) is currently trading at $21.54 (24hr change -1.33%).
After a month of downside price action,...
Ethereum gas fees cool down after May memecoin frenzy
5.6.2023
Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May
Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
5.6.2023
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there are still over 257,000 pending transactions awaiting confirmation. Furthermore, from May 1 onwards, the network has successfully verified anywhere from 355,000 to over...
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July
3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...
Musk’s alleged price manipulation, the Satoshi AI chatbot and more: Hodler’s Digest, May 28 – June 3
3.6.2023
DOGE investor lawsuit against Elon Musk, the Satoshi Nakamoto chatbot, and the ongoing crypto debanking worldwide
NFT Sales Climb 39% in One Week, While Bitcoin NFT Sales Maintain Rapid Momentum
3.6.2023
While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the trailing week demonstrate that the Bitcoin blockchain...
Mysterious Disappearance of Multichain CEO Sends Shockwaves Through Crypto Community
3.6.2023
Four days ago, on May 31, 2023, the cross-chain protocol Multichain announced on Twitter that the team has been unable to locate the firm’s CEO. As a result, controls to several blockchain network routers have been impaired. The project’s native token, MULTI, has experienced a...
Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’
3.6.2023
The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended...
Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined
2.6.2023
The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure
CBDC 'may not be a compelling priority,' says Kenya's central bank
2.6.2023
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022
Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software
2.6.2023
The miner's bitcoin production per unit of computing power was low in April
Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations
2.6.2023
Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session. Cardano...
DigiByte shares its accomplishment for May 2023
2.6.2023
June has started, and the end of the second quarter is inching closer. DigitByte, for one, is looking to end the said period on a higher note. If the recent announcement is anything to go by, then there is a surety that DigitByte will end Q2 better. It saw several partnerships and listings getting...
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
2.6.2023
Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes
Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi
2.6.2023
May saw fewer exploits than April, suggesting better security practices among crypto users and developers
May 2023 Report for Interactive Broker is out!
2.6.2023
Daily Average Revenue Traders, also known as DARTs, and client accounts are at the center for Interactive Broker in its May 2023 report. The American trading platform has revealed that there was a rise in DARTs in May 2023, with the number rising in the single digit of 5%. DARTs for May 2023...