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Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’
26.5.2023
Digital Currency Group has revealed its decision to sunset its institutional trading platform, Tradeblock, on May 31, 2023. The company attributes the move to the “challenging regulatory environment” and the enduring effects of the “prolonged crypto winter,” signaling...
Plus: who's dominating Steam debuts in May?
26.5.2023
Also: a look at next week's big starts, and lots more charts
Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows
26.5.2023
Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty...
RGB protocol may offer solution to Bitcoin's Ordinals jam, claims proponent
26.5.2023
The founder of Digital Bitcoin Art and Assets (DIBA) believes smart contracts on Bitcoin could solve the myriad problems created by Ordinals
Best Crypto to Buy Now 25 May – Leo, AiDoge, Ton, Neo, Sponge, Ecoterra, yPredict
25.5.2023
The US stock market is attempting to recover after concerns over the debt ceiling and a general sense of uncertainty caused a decline on Wednesday.
The Dow Jones Industrial Average is currently close to break even, while the S&P 500, Nasdaq Composite, and Bitcoin are registering a recovery...
Herencia Artifex’s Cross-Genre NFT Project Achieves First NFT Sale Milestone
25.5.2023
PRESS RELEASE. Tokyo, Japan, May 25th 2023, Chainwire. Herencia Artifex promotes collaboration across art world boundaries and provides a venue for artists of different backgrounds and styles to come together and produce creative works. The project name “Herencia Artifex” (abbreviated...
Crypto Exchange Hotbit Says ‘Deteriorating Conditions’ Forced It to Stop Operations
25.5.2023
China-headquartered cryptocurrency exchange, Hotbit, said on May 22 it had made the decision to halt “all cex operations.” The crypto exchange pointed to the “continuous outflows of funds from cex [centralized exchange] users” as one of the many factors that forced Hotbit...
Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment
25.5.2023
On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory...
Central Bank: Crypto May ‘Infect’ Russian Economy – Is a Crackdown Incoming?
25.5.2023
Cryptoassets have the power to “infect” the Russian economy, the nation’s crypto-skeptic Central Bank has warned.
Per the domestic news agency Interfax, the bank’s First Deputy Chairwoman Ksenia Yudaeva made the comments at a recent economic forum.
She claimed that the government and regulators...
KyberSwap Resumes Elastic Protocol, Backed by Multi-Million KNC KyberDAO Security Fund
25.5.2023
KyberSwap, a leading decentralized exchange (DEX) platform, is thrilled to announce they will be resuming its highly anticipated Elastic protocol on May 25, 2023. This brings back key capital-efficient features such as concentrated liquidity and full range fees compounding, while incorporating...
Best Crypto to Buy Now 24 May – Kava, AiDoge, Render, ecoterra, Toncoin, yPredict, DeeLance
25.5.2023
The minutes from the Federal Reserve's early May meeting reveal a lack of consensus regarding future interest rate changes, bringing an air of uncertainty to markets today.
Officials expressed indecision about whether to continue raising rates or maintain the status quo.
In light of this...
Crypto Hacks Plunge 70% in Q1 2023, Victims Recover Over Half of Stolen Funds, but Experts Warn of Temporary Relief
25.5.2023
On May 22, 2023, a report released by the blockchain analysis firm TRM Labs delved into nearly 40 hacks and assaults on cryptocurrency projects within the first quarter, discovering a 70% decline in incidents over the previous three months. The study says the slowdown is probably temporary, with...
Influencer served settlement demand via NFT: Nifty Newsletter, May 17–23
24.5.2023
Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics
AXS may be turning bullish after 2 years, Avorak also ready to make moves
24.5.2023
Axie Infinity gained massive popularity in 2021 due to its blockchain and gaming industry integration. The game’s native token, AXS, has maintained an upward trend in price since its launch over two years ago. What is Axie Infinity? Axie Infinity is a play-to-earn metaverse game on...
In Crypto Cybersecurity, Ambiguity May Help - Ex-BNY Mellon Exec
24.5.2023
Leaving room in guidelines for interpretation and for a developing sector to self-regulate, grow, and change – instead of setting rigid laws to strictly follow – is likely the best choice for crypto cybersecurity regulation, said David Schwed former head of digital assets technology at banking...
Best Crypto to Buy Now 23 May – Conflux, Copium, Neo, AiDoge.com, Kava, Sponge, Ecoterra
24.5.2023
Hong Kong's financial regulator announced it will allow retail investors to trade certain cryptocurrencies starting June 1, perhaps contributing to a small boost to Bitcoin's price in the past 24 hours.
The leading cryptocurrency is up by 1.3% so far today at $27,384 following the policy change...
Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...
Fortnite Gets Spider-Man’s Miles Morales Ahead Of Spider-Verse Movie
23.5.2023
Fortnite has added multiple Spider-Man: Across the Spider-Verse items to its shop, as well as themed quests and extras as part of an update released on May 23. Though the battle royale game has collaborated with superheroes plenty of times before (Fortnite update Twitter account FortniteBR notes...
DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini
23.5.2023
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may extend “forbearance” to DCG in order...
Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country
23.5.2023
The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has been told to stop soliciting investments via emails...