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Tornado Cash’s TORN Token Up 10% as Attacker Submits Proposal to Undo Attack
22.5.2023
The proposal would revert Tornado Cash’s governance back to token holders, but not everyone in the community agrees that it's a benevolent plan
Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes
22.5.2023
Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome...
UBS Offers 3 Reasons to ‘Buy Gold Now’ — Forecasts All-Time High This Year
22.5.2023
Global investment bank UBS has provided three reasons for investors to “buy gold now.” Expecting gold to break its all-time high later this year, the Switzerland-based investment banking giant has retained its “most-preferred rating” on gold. UBS Sees 3 Key Reasons to Buy Gold Now...
Our Favorite Cosplay From C2E2 2023
22.5.2023
The Chicago Comic & Entertainment Expo, better known as C2E2, was held a few weeks back and brought in nearly 100,000 attendees over its three days.Read more
First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?
22.5.2023
ALSO: Crypto companies and trade organization are spending a fraction of the amount that other industries are allocating for lobbying. That may change
Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms
22.5.2023
U.S. President Joe Biden says he will not agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk” as the U.S. faces the risk of defaulting on its debt obligations. “I’ve done my part,” Biden stressed, adding that it is now time...
Bitcoin Blockchain Continues to See Growth in Ordinal Inscriptions and BRC20 Tokens
21.5.2023
As of Sunday, May 21, 2023, over 8.3 million Ordinal inscriptions have found their place on the Bitcoin blockchain, accompanied by a count of 24,677 BRC20 tokens. These new BRC20 tokens have also amassed a collective market capitalization of $483 million. Statistics reveal that over 1.3 million...
Crypto Miner Marathon Pledges $500K in Matching Funds to Brink for Bitcoin Development
21.5.2023
Marathon CEO Fred Thiel tells CoinDesk in an interview that he wants to make sure development and maintenance of the open-source Bitcoin Core client software are "properly funded."
De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov
21.5.2023
The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s top diplomat is convinced that Russia’s position on the matter is shared by many other countries while the West is undermining the role of the U.S. currency. Russia’s...
Clash of Presidential Contenders: Bitcoin Gains Prominence as 2024 US Election Approaches
21.5.2023
With the 2024 U.S. presidential election drawing near, the enthusiasm of bitcoin and cryptocurrency advocates has intensified, as two candidates have emerged in the race who openly express their support for bitcoin and willingly accept the dominant digital asset for campaign contributions....
Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions
21.5.2023
From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days. Stablecoins Experience a Significant...
Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers, and More — Bitcoin.com News Week in Review
21.5.2023
Another exciting week in crypto and finance has come and gone, with news of U.S. government accusations against South Africa, regarding the alleged supply of the Russian state with ammunition. In other news, ten Southeast Asian nations are challenging U.S. dollar dominance, having agreed...
Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round
21.5.2023
Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and Philippines operations. Later, Jia will also use the capital...
Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System
21.5.2023
Russia and the Islamic world are currently discussing how to deepen the de-dollarization agenda to create a new financial system. According to statements from Russian Deputy Prime Minister Alexey Overchuk, these topics are inscribed in broader deglobalization talks, and the Russian government...
Attacker Takes Over Tornado Cash DAO With Vote Fraud, Token Slumps 40%
21.5.2023
A malicious proposal allowed an unidentified attacker to take over Tornado Cash, opening up the floodgates to a potential treasury drain
Luxury Auction House Sotheby’s Sells Portion of 3AC’s NFT Collection for $2.5 Million
21.5.2023
Sotheby’s, the luxury auction house, successfully generated $2.5 million through the sale of non-fungible tokens (NFTs) from the now-defunct crypto hedge fund Three Arrows Capital (3AC). Among the sold pieces was Fidenza #725, a digital collectible crafted by the artist Tyler Hobbs. This...
‘Apple and Google Are Systemic Risks to Crypto,’ Says Ex-Coinbase CTO
21.5.2023
Authorities in the U.S. and elsewhere may try to compel tech firms like Apple and Google to exfiltrate private keys from devices and apps under their control, crypto entrepreneur Balaji Srinivasan warned on social media. The former executive of Coinbase believes this would be done to remit funds...
Bitcoin set to 'tick, tick, tick' by the end of 2023: DeFi exec
21.5.2023
In an exclusive interview with Cointelegraph, Obi Nwosu, CEO and co-founder of Fedi explains why it will “be clear” that Bitcoin’s ecosystem will come out on top by the end of this year
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
Renowned Investor Jim Rogers Warns US Dollar’s Time ‘Coming to an End’ as Countries Seek Alternatives
21.5.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar’s time is coming to an end as more countries are seeking alternatives to the USD. “Many friends of America are moving, trying to find something to compete with...