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US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...
Nike's Swoosh Web3 Platform Surpasses $1 Million in Sales
26.5.2023
SWOOSH, a web3 platform developed by the popular sports brand Nike, has already generated more than $1 million in sales from its first sneaker-themed non-fungible token (NFT) collection.
The strong sales number indicates that despite some early technical issues and delays, the demand...
Crypto Exchange Gemini Selects Ireland for Its European Headquarters
26.5.2023
Crypto exchange Gemini will have a second home in Ireland after co-founder Cameron Winklevoss announced it would make Ireland its European headquarters.
Gemini, which is run by both Cameron Winklevoss and his twin Tyler, is based in New York. ...
Read More: Crypto Exchange Gemini Selects Ireland...
Open Games Unveils Luke Goss as Ambassador for Europe’s Leading Gaming, Art, and Blockchain Event
26.5.2023
PRESS RELEASE. Zaragoza – Open Games is thrilled to announce the appointment of Luke Goss as the Ambassador for Europe’s most prestigious gaming, art, and blockchain event. This four-day extravaganza, Open Game Con, set to take place in Zaragoza, promises to be a unique celebration that...
US Lawmakers Urges the SEC To Include State-Regulated Custodians in New Rule
26.5.2023
Lawmakers urged a US regulator to not further limit certain financial stakeholders in its proposed rule tightening cryptocurrency custody requirements.
Republican Rep. Mike Flood of Nebraska and Democratic Rep. Ritchie Torres of New York sent a letter to the Securities and Exchange Commission...
EU Investment Firms Should ‘Clearly Disclose’ That Some Assets, Including Crypto Are Unregulated: ESMA
26.5.2023
Investment firms should make sure clients are aware of the regulatory status of the products they offer, including cryptocurrency, according to the latest notice from the European Union’s financial markets regulator.
The European Securities and Markets Authority, or ESMA, said it was concerned...
Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
26.5.2023
Tsuyoshi Chino added that Binance J.apan may be still "a long way off" its business and activities being properly understood in gaining regulatory acceptance
Microsoft's Smith Calls for More Regulation of Artificial Intelligence
26.5.2023
Artificial intelligence (AI) may the “the most consequential” technological change in our lifetime, and governments now need to learn how to control it, according to Microsoft President Brad Smith.
Speaking at a panel discussion in Washington, D.C. on Thursday, Smith said that “government needs...
Multichain Daily Bridging Volume Sees 5x Increase After Alleged Team Arrest, Barely Any Panic for Fantom
26.5.2023
Rumors have been spreading throughout the cryptoverse that the major blockchain bridge Multichain team has been arrested by the Chinese police - with the shockwaves hitting the Fantom (FTM) ecosystem softer than expected.
Per several Twitter accounts, the Chinese community has been reporting...
Tradeblock, DCG Subsidiary, to Be Shuttered Due to Crypto Winter
26.5.2023
Amid an ongoing crypto market downturn, digital asset-focused venture capital firm Digital Currency Group (DCG) has announced it is closing its subsidiary TradeBlock which offers its trading services to institutional investors.
The trading platform is scheduled to be shut down on May 31, Bloomberg...
Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain
26.5.2023
On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....
Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report
26.5.2023
The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.
Central banks representing...
DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News
26.5.2023
TradeBlock, an institutional investor focused subsidiary of Barry Silbert’s crypto conglomerate Digital Currency Group, is closing down, according to Bloomberg News.
“Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital...
Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy
25.5.2023
Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company.
Fahrenheit, which consists of a group of crypto firms, was selected as the winning bid on Thursday morning, according to a press release.
The...
Binance CEO: China TV Broadcast 'Big Deal' for Crypto
25.5.2023
A segment on Chinese state television about crypto has caught the attention of the cryptoverse, with Binance CEO Changpeng Zhao (CZ) pointing out that similar reporting in the past has triggered bull runs.
“CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese...
Ripe for the squeeze? Bitcoin mining stocks remain under attack from short sellers
25.5.2023
BTC price has struggled for nearly a month, but Bitcoin miners revenue is up, calling into question the logic of short sellers betting against mining stocks
Crypto-Assets Impact on Traditional Markets Is Small, but Can Pose Systemic Risk: EU Watchdog
25.5.2023
Europe’s financial overseer does not seem overly concerned about cryptocurrencies’ impact on the financial system, but still said regulators should monitor risks in case.
The European Systemic Risk Board released a report on Thursday titled “Crypto-assets and decentralised finance- systemic...
Ripple Purchases Bitstamp Shares as it Ponders Further M&A
25.5.2023
US fintech firm Ripple has bought shares in the European crypto exchange Bitstamp, taking another step on its journey to expand internationally.
Ripple has so far not disclosed anything about the transaction, which was revealed in Galaxy Digital’s latest quarterly report, where Galaxy said it...
Solana Labs Launches ChatGPT Plugin for Blockchain to Help Bridge the Gap
25.5.2023
As a rising number of blockchains are exploring the possibility of integrating artificial intelligence (AI) capacities into their operations, Solana says it has become the first Layer 1 blockchain to roll out a ChatGPT plugin for its users. ...
Read More: Solana Labs Launches ChatGPT Plugin...
Sam Altman’s Crypto Project Worldcoin Raises $115M Led By Blockchain Capital
25.5.2023
Other investors in the Series C round included Bain Capital Crypto and Distributed Global