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Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist?
3.5.2023
Modern payments tools may eventually compete with banks. But is there a place for tokenized bank deposits and central bank digital currencies in DeFi?
AX1 Releases Research on Binance Key Project – Trust Wallet
3.5.2023
PRESS RELEASE. AX1 company recently conducted research on the Trust Wallet, a popular cryptocurrency wallet that has gained a significant following in recent years. The research aimed to understand the level of security and trustworthiness of the wallet, and to identify any potential...
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
3.5.2023
On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million in cash and cryptocurrencies. This joint venture...
Digital Currency Group's Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here's the Latest
3.5.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.
For the first quarter this year, DCG’s revenue totaled $180 million, up a respectable 63% from the prior...
Sui Mainnet Goes Live, Token Trades at $1.33
3.5.2023
The much-awaited Aptos rival put its hundreds of million of VC funding to the test during its mainnet launch, and struggled with speed and decentralization
Sui Token Surges to $2 on Trading Debut as Network's Fully Diluted Value Hits $13B
3.5.2023
SUI tokens were offered to users of multiple crypto exchanges in a presale last week
New Crypto VC Firm Credibly Neutral Raises $5.5M
3.5.2023
The developer-led firm received funds from the founders of the Polygon and Solana blockchains, among others
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms
3.5.2023
Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process....
First Mover Americas: Bitcoin Layer 2 Stacks Begins May on Top
3.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko
3.5.2023
Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg
Celsius Founder Mashinsky Denies ‘Baseless’ Fraud Claims From New York State
3.5.2023
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender
Crypto Trading Platform Enclave Starts Fully Encrypted Spot Exchange
3.5.2023
Enclave Spot is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave
Iran Sets Up Platform to Facilitate Crypto Payments for Imports
3.5.2023
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies...
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
3.5.2023
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of the dollar
Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
3.5.2023
Bitcoin already has one of the most diverse layer 2 ecosystems of any network, according to Bitcoin developer Lisa Neigut
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
3.5.2023
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks...
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
3.5.2023
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
3.5.2023
Over $8 million in fees have been paid to the network by inscription creators since their inception
UK Set to Ban Cold Calls Selling Financial Products, Including Crypto
3.5.2023
The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022
Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government
3.5.2023
Bitdeer said the agreement marks "a crucial expansion into Asia" and expects fundraising efforts to commence this month