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Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push
19.5.2023
Venezuelan President Nicolas Maduro has announced that Venezuela will shift away from using U.S. dollars in trade, emphasizing that the de-dollarization process is “inevitable.” He described: “This is the path of Venezuela and the path of a free economy where currencies are not used...
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
18.5.2023
At the Bitcoin Builders Conference, Daniel Fogg from IOV Labs and Rootstock spoke with Cointelegraph about how emerging markets are shaping the future of the crypto space
U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy
18.5.2023
A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
18.5.2023
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors...
Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards
18.5.2023
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry...
First Mover Asia: Biden’s Tough Talk, Tether’s Bitcoin Bet Not Moving Crypto
18.5.2023
PLUS: We really need to see the Hinman emails
Regulators Should Not 'Front-Run' Congress on Stablecoins
17.5.2023
The House has made it clear that passing a stablecoin bill is a top priority. Regulators – like the SEC – shouldn’t get ahead of the legislative process, say Bain Capital’s Tuongvy Le and Khurram Dara
Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent
17.5.2023
Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this new feature, with numerous digital...
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
17.5.2023
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High
16.5.2023
Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion....
GREED Token Is Not a Crypto Scam, but a Lesson on How to Get Scammed Amid Meme Coin Mania
15.5.2023
Despite multiple warnings from Voshy, the meme coin's creator, speculators turned over Twitter permissions to get access to the token. They got a valuable lesson in account security
Microsoft Activision Deal Might Not Be Dead After All, Approved In Europe
15.5.2023
Last month, regulators blocked Microsoft’s purchase of Activision Blizzard in the UK, seemingly spelling doom for the $69 billion deal. On May 15, however, European Union regulators announced it has been approved on the continent, giving the gaming companies some fresh momentum as they seek...
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
14.5.2023
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower transaction fees, Robert Miller, the vice president of growth at Fuse, a layer 1, EVM-compatible blockchain for launching dapps, has asserted....
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
14.5.2023
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department...
No I Will Not Be Waiting In A Zelda: Tears Of The Kingdom Line, Thank You
12.5.2023
It is May 12, 2023, The Legend of Zelda: Tears of the Kingdom release day, and the temperature in New York City is creeping dangerously close to 90 degrees. In Midtown, bankers are sweating through their Brooks Brothers dress shirts and slacks, while tourists have busted out the cargo shorts. As...
Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...
Shiba Inu news may not be enough to push the price up; Avorak trade suggests
12.5.2023
Shiba Inu, the popular meme-inspired cryptocurrency, has been headlining the crypto space due to its various developments, such as the impending launch of Shibarium. While these developments have generated buzz among the cryptocurrency community, Avorak Trade, a blockchain, and AI-powered trading...
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause
12.5.2023
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences...
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
11.5.2023
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right...