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Bankrupt Crypto Firm Celsius May Receive Second Chance from Wall Street
19.5.2023
The now-bankrupt crypto lender Celsius Network may get a second chance with the help of Wall Street investment giants.
According to a Wall Street Journal article from Thursday, two groups of investment heavyweights are currently engaged in a bidding war for what remains of Celsius, close to a year...
US Lawmakers Introduce ‘First Bipartisan Bill’ Blocking a CBDC
19.5.2023
US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency.
Republican Rep. French Hill of Arkansas and Democratic Rep. Jake Auchincloss of Massachusetts introduced the bill this week, dubbed the Power of...
Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill
19.5.2023
The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.
HB-1666, co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker, applies to digital asset service providers that...
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
19.5.2023
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: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise...
Bitcoin Mining Gets Tougher as Network Difficulty Reaches New Peak
19.5.2023
On May 18, 2023, at block height 790,272, Bitcoin’s difficulty reached an all-time high after rising 3.22% on Thursday. The network’s difficulty is now at an impressive 49.55 trillion, or 0.90% away from 50 trillion hashes, making it the most difficult it has ever been to discover...
Michael Sanders, Co-Founder of Horizon Blockchain Games, on Web3 gaming, Blockchain, and Ayahuasca | Ep. 231
19.5.2023
In an exclusive interview with cryptonews.com, Michael Sanders, Co-Founder & Storyteller of Horizon Blockchain Games, talks about the benefits of blockchain technology for gaming, the potential for web3 to shape the future of the gaming industry, and the challenges and opportunities of developing...
Bankrupt FTX Sues to Retrieve Over $240 Million from Trading Platform Embed
19.5.2023
The bankrupt crypto exchange FTX is taking legal action in an attempt to retrieve more than $240 million it paid for the stock trading platform Embed.
Embed was acquired by FTX’s American branch FTX.US in mid-2022, but representatives for FTX’s bankruptcy estate now say former company executives...
Bitcoin2023 Suffers from Low Turnout Amidst High Ticket Prices and Crypto Downturn
19.5.2023
"The world's biggest Bitcoin conference" seems to have shrunk – attendance-wise, that is.
According to the FAQ and the official social media sites, Bitcoin 2023 is the biggest Bitcoin conference in the whole world, but despite the variety of speakers, panels, and events announced, there...
Web3 zombie apocalypse is here: Last Remains joins Cointelegraph Accelerator
19.5.2023
Backed by industry heavyweights; this new blockchain game aims to get a foothold in the competitive arena
Hardware Wallet Rivals Offer Discounts in Wake of Ledger New Product Controversy
19.5.2023
In response to the latest controversy related to hardware wallet specialist Ledger and its new service, competitors are taking advantage of the worries expressed by some users. Among others, hardware producer Trezor hopes to capitalize on Ledger’s trouble by offering a discount to buyers.
“Open...
Litecoin Is Undervalued, Onchain Indicator Suggests
19.5.2023
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score
Crypto Browser Opera Integrates Layer 1 Blockchain MultiversX
19.5.2023
Users will be able to interact with the MultiversX network through its native tokens, NFTs and decentralized applications, all within the Opera browser interface
Australian stock exchange officially abandons blockchain plans: Report
19.5.2023
ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors
Top Argentine Lawyers Hit Out at Crypto ‘Ban’ – Will Government Respond?
19.5.2023
Top Argentinian lawyers have criticized the government’s partial “ban” on crypto trading.
Buenos Aires has moved to block firms from letting their customers conduct transactions with cryptoassets.
This month, the Central Bank of Argentina stated that domestic platforms must not “facilitate”...
Blockchain arms race risks being won by 'adversarial nations' — US crypto lobby group
19.5.2023
The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation
Square Enix Resolves to Continue with Web3, Blockchain Gaming Drive
19.5.2023
The Japanese gaming giant Square Enix has reasserted its commitment to blockchain gaming, announcing that it will continue to develop blockchain, Web3, and NFT games in the next 12 months.
The firm, which created the Final Fantasy series, issued an end-of-fiscal year statement this month.
Square...
US Lawmakers Reintroduce Securities Clarity Act Which Coins New Term
19.5.2023
US lawmakers introduced a bill on Thursday that aims to clarify how digital assets are labeled, in part through a new term coined an “investment contract asset.”
Reps. Tom Emmer, R-Minn., and Darren Soto, D-Fla., reintroduced the Securities Clarity Act, with backing from crypto advocacy groups...
Litecoin Network Surges With Activity as Ordinal Inscriptions Drive Transaction Volume
18.5.2023
Based on recent data, the Litecoin (LTC) network has seen a considerable surge in activity due to an increase in Ordinal inscription minting happening on its blockchain. The cryptocurrency’s value has risen by more than 13% in the past week, although it has dipped more than 4% within...
Ripple's $250 Million Acquisition of Swiss Blockchain Firm Metaco Marks Expansion into Tokenized Assets
18.5.2023
The American fintech Ripple has acquired the Switzerland-based blockchain firm Metaco for $250 million, marking its first entry into the asset tokenization field.
The acquisition was announced by Ripple on Wednesday, with the firm saying it expects the deal to help it expand its enterprise...
Chamber of Digital Commerce Pens Call to Action for US Congress To Pass Crypto Legislation
18.5.2023
The Chamber of Digital Commerce is calling on the US Congress to get it together and pass legislation for digital assets.
The advocacy group with members such as Binance, Circle, Fidelity Investments and others, say they want lawmakers to organize a “Digital Asset and Blockchain Technology...