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Number of Stablecoins Held on Exchanges Slips to 2-Year Low
2.5.2023
While the stablecoin exchange balance has dropped 44% this year, bitcoin's price has rallied by 70%
UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment
2.5.2023
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users
3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator
2.5.2023
The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange
Analysts Consider US National Security Policy a Pretext to Establish Trade Sanctions Against Other Countries
2.5.2023
International analysts have called out the supposed use of the national security policy of the U.S. as a tool to justify the establishment of blockades and economic sanctions against countries like China and Russia. While U.S. Treasury Secretary Janet Yellen has recognized that a decoupling of...
Bitcoin Cash Smart Contracts ‘Comparable to Those on Ethereum’ Possible via May Upgrade, ‘1000x Efficiency Advantage’: Dev Jason Dreyzehner
2.5.2023
Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as...
'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value
2.5.2023
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
2.5.2023
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors
Istanbul will be hosting Eurasia’s largest Blockchain event once again on May 10–11, 2023
2.5.2023
Teklip, an innovative tech-advertising and media company, is proud to present the Blockchain Economy Istanbul Summit, Eurasia’s largest Blockchain event. Istanbul is one of the world’s oldest historically and culturally rich cities. According to current estimates, 16% of Turkey’s...
China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
2.5.2023
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak...
Putin Says Multipolarity Trend Will Intensify — Warns Those Who Do Not Follow Will Lose
2.5.2023
Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not understand this and do not follow this trend will lose,” the Russian president warned. Putin on Multipolarity Trend Escalating Russian President Vladimir Putin talked...
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
2.5.2023
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations...
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...
First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues
2.5.2023
PLUS: Western crypto innovators with great ideas are eying the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto's model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s
2.5.2023
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s hashpower by 1 exahash...
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
1.5.2023
BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision
Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
1.5.2023
Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
1.5.2023
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the president also acknowledged the “threat by the speaker of the House to default on...
On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023
1.5.2023
Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledging firms
Crypto Exchange Poloniex Agrees to $7.6M Fee to Settle Sanctions Violation Charges
1.5.2023
Crypto exchange Poloniex will remit $7.59 million to settle sanctions violations allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog announced Monday
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
1.5.2023
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights...