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Today in Crypto: Key App Reveals Bridge Connecting Solana & Ethereum, ECB Publishes Two Reports on Digital Euro, Russia Abandons National Crypto Exchange Plans, CoinEx Launches BitHK

30.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Key App Reveals Bridge Connecting Solana & Ethereum, ECB Publishes Two Reports on Digital Euro, Russia...

ECB Finalizes Digital Euro Prototypes as Development Decision Looms

30.5.2023
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency

Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident

30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...

Laos government reportedly prioritizes blockchain technology for digital transformation

29.5.2023
Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation

US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

29.5.2023
Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition...

Japan launches digital yen pilot project after second successful proof of concept

29.5.2023
With the end of the proofs of concept, the Bank of Japan has initiated its CBDC pilot and plans more to gather more public and business feedback

Chinese Healthcare, Energy Firms Enable CBDC Pay – Digital Yuan Adoption Accelerating?

28.5.2023
Chinese healthcare and energy sector providers will allow patients and customers to pay with the digital yuan, in new breakthroughs for the nation’s central bank digital currency (CBDC). Per the Chinese media outlet WXRB, both outpatients and hospitalized mental healthcare patients can now use...

AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days

28.5.2023
Roughly three months ago, 74 AI-driven digital currencies boasted a market value exceeding $4 billion. However, since that time, the AI-centric crypto market has experienced a loss of more than $1 billion in value. The Decline in AI-Driven Cryptocurrencies: $1 Billion Wiped Out From Market At...

Dogecoin’s Transaction Surge Surpasses Bitcoin and Ethereum With 2 Million Transactions Settled in 24 Hours

28.5.2023
The Dogecoin blockchain has witnessed a significant surge in transaction activity ever since the inception of DRC20 tokens. When compared to other prominent networks, Dogecoin has stood out with its substantial volume of processed transactions. Recent statistics reveal an unprecedented milestone...

Economist Peter Schiff Surprises Critics, Dives Into Bitcoin-Backed NFT Market

27.5.2023
Economist and ardent gold advocate Peter Schiff caused a stir on Friday by announcing his participation in an upcoming art sale featuring non-fungible tokens (NFTs). These unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology. Schiff’s...

Nigerian crypto company suspends withdrawals after BTC and naira compromise

27.5.2023
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media

EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, New Payment Card

27.5.2023
Three integration unions with Russian participation, BRICS, SCO, and the EAEU, should adopt joint policies on the use of digital currencies, according to a top representative of one of them. He also believes the international organizations should develop a new payment system with its own bank...

ECB sums up digital euro prototyping exercise as it nears possible pilot launch

26.5.2023
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets

Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’

26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...

First Mover Americas: Digital Currency Group is Closing Down TradeBlock

26.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets

Bitpanda advances the concept of digital investing by partnering with Coinbase

26.5.2023
Bitpanda has introduced its partnership with Coinbase to the community. The objective is to reach out to as many institutional clients of Coinbase as possible, enabling them to leverage the power of Investing as a Service, also known as IaaS. Institutional clients of Coinbase include banks...