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Today in Crypto: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain Fund, Circle Won't Hold Treasurys Past June, Bittrex Allowed to Borrow $7M
11.5.2023
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: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain...
Half of North Korea's Missile Funding Comes from Cybercrimes and Cryptocurrency Theft, Says White House
11.5.2023
As North Korean military activities continue to capture the attention of decision-makers and analysts across the world, around 50% of the country’s secretive missile program could be financed by cyberattacks and cryptocurrency theft, according to Anne Neuberger, the U.S. deputy national security...
Crypto Signals Announces Partnership with Bybit Crypto Exchange to Offer Copy Trading for VIP Members
11.5.2023
The world of cryptocurrency trading is rapidly evolving, with new technologies and tools emerging to help traders stay ahead of the game.
One such tool that has gained significant popularity in recent years is copy trading, which allows traders to automatically replicate the trades of experienced...
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
11.5.2023
On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5....
Argentine Coffee Shop Reveals x10 Rise in Crypto Pay in Past Year – Is Adoption on the Rise?
11.5.2023
An Argentinian coffee shop has announced a x10 rise in crypto-paying customers in the past year – and says it plans to open a branch in Chile.
Per Criptonoticias, the shop is named CrypStation, and has two branches in the capital, Buenos Aires.
In the past 12 months, the shop stated, over 10%...
Venom Foundation ventures into Kenya via a Government partnership
11.5.2023
Venom Foundation has announced that it has partnered with the government of Kenya, enabling the firm to venture its blockchain technology in the nation. The partnership is touted to help not just Kenya but other African nations as well. Specifically speaking, Venom Foundation will now establish...
Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq
11.5.2023
Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021
China launches national blockchain center to train half a million specialists
11.5.2023
The institution will reportedly train more than 500,000 specialists in distributed ledger technology
Brazilian Probe Unearths ‘Money Laundering’ at ‘Obscure’ Crypto Exchange – Militias Turning to Crypto?
11.5.2023
A notorious Brazilian militia group reportedly moved thousands of USD worth of money and coins through an “obscure” domestic crypto exchange.
Per reports from O Globo and Portal do Bitcoin, the Public Ministry of Rio de Janeiro (MPRJ) believes that the Tandera Militia “laundered money” through...
EY Announces Ethereum-Based Carbon Credit Traceability Platform – How Does it Work?
11.5.2023
One of the 'Big Four' accounting firms Ernst & Young (EY) announced that its Ethereum (ETH)-based platform for enterprises to track their carbon emissions and carbon credit traceability is now available in beta version.
According to the latest press release, the company's EY OpsChain ESG...
Franklin Templeton to List Blockchain Fund Targeting Institutional Investors
11.5.2023
The Blockchain Fund II is a private equity fund and will carry a minimum investment sum of $100,000
'We can't keep putting band-aids on the current system' — OKX CMO
11.5.2023
OKX launches a new campaign calling for a rewrite of centralized legacy financial and digital systems using blockchain technology and Web3 solutions
ChilizX announces support for the mainnet launch
11.5.2023
ChilizX has announced that it will support the launch of Chiliz Mainnet. Following the development, users will be able to see an additional method for depot and withdrawal for CHZ tokens. Per the announcement, users can deposit and withdraw the said token from May 10, 2023, at 10:00 CEST. Users...
Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub
10.5.2023
The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa
US House Lawmakers on Both Sides Seemingly Agree on Need for Crypto Legislation
10.5.2023
Lawmakers on both sides of the aisle seem to be reaching some sort of agreement on the need for legislation to regulate cryptocurrency.
Rep. French Hill, R-Ark., said his Democratic colleagues have told him they have supported “commonsense legislation for months.”...
Read More: US House Lawmakers...
Bankrupt QuadrigaCX Exchange to Commence 'Interim Distribution' of Funds
10.5.2023
The bankrupt Canadian crypto exchange QuadrigaCX is set to commence an “interim distribution” of funds to creditors, despite only a fraction of the missing funds being recovered.
“In the coming weeks, the Trustee intends to post a Notice to Affected Users providing details about the manner...
US Chamber of Commerce Backs Coinbase in Fight for Regulatory Clarity
10.5.2023
The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing.
The Chamber, which is the world’s largest business organization, said no one knows for certain which digital assets are securities under...
Billionaire Mike Novogratz's Galaxy Digital Crypto Firm Reports $134 Million Profit in Q1 2023 – Crypto Bull Market Back?
10.5.2023
Crypto bull Mike Novogratz’s firm Galaxy Digital reported a profit of $134 million in the first quarter of this year, missing analysts’ expectations.
Galaxy’s earnings per share (EPS) for the quarter came in at $0.55, missing an estimate by analysts of $0.76....
Read More: Billionaire Mike...
Crypto Self-Regulatory Organization Plan Floated in US House Hearing
10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge.
Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...
US Extradites UK Hacker Responsible for 2020 Twitter Breach and Crypto Theft
10.5.2023
The United State Department of Justice has announced the extradition of a 23-year-old UK citizen behind the 2020 Twitter hack and other cybercrimes, including the theft of $794,000 in digital assets.
Joseph Hames O'Connor has pleaded guilty to being a key player in orchestrating a series...