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Here’s what happened to Arbitrum post-airdrop
14.6.2023
The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event
Irish data watchdog blocks Google from launching Bard in the EU: Report
13.6.2023
Google’s been forced to postpone the launch of its Bard AI service in the EU after Irish regulators accused it of failing to file the proper paperwork
US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates
13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...
Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report
13.6.2023
Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800. Bitcoin Ahead of the upcoming inflation report...
UN report highlights ‘serious and urgent’ concerns about AI deepfakes
13.6.2023
The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology
Binance.US hires former SEC enforcement official amid lawsuit: Report
12.6.2023
Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen
New Report: North Korea's Cyber Army Allegedly Stole $3 Billion in Crypto to Fund Nuclear Program
12.6.2023
North Korea's cyber army has stolen $3 billion in cryptocurrencies, with 50% of the funds being used to fund the country’s ballistic missile program.
According to a recent analysis by The Wall Street Journal, state-sponsored hackers from North Korea have netted more than $3 billion from crypto...
Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals
12.6.2023
People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted intervention after the recent presidential vote....
Nigeria regulator halts Binance operations: Report
10.6.2023
According to Nigeria's securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal
Defiant by Default: Why Regulators Must Understand, Not Police, DeFi
9.6.2023
Consensus 2023 visitors discussed DeFi's growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements
Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client
9.6.2023
A Zimbabwean crypto trader has appeared in court to face theft and money laundering charges after prosecutors accused him of stealing digital assets worth more than $457,000 from his client. The crypto trader is accused of siphoning the digital assets using seed phrases and passwords he obtained...
Report: Pan-African Crypto Exchange Mara Lays Off Majority of Employees
9.6.2023
African crypto exchange Mara has not only parted ways with a reported 85% of its staff but has cut the salaries of workers that have remained. Although Mara has cast the layoffs as an exercise which aims to remove redundant roles, former employees have said the startup’s ballooning marketing...
Binance may have lied to US lawmakers, argue senators: Report
8.6.2023
U.S. Senators asked the Justice Department to investigate whether the crypto exchange made a false statement to Congress in a letter earlier this year
Are DAOs Doomed to ‘Decentralization Theater’?
8.6.2023
Consensus 2023 guests highlighted their concerns over 'decentralization theater' in DeFi projects, emphasizing the importance of genuine decentralization in the development of the Web3 ecosystem
Cut the Jargon, Keep Your Promises: How Crypto Can Fix Its Image Problem
8.6.2023
Consensus 2023 attendees argued that improving crypto's image requires a clearer explanation of digital assets and a focus on tangible, user-centric products and services
‘De-Dollarization Emerging’ but Greenback Will Retain Its Dominance — JP Morgan Strategists
8.6.2023
Two JP Morgan strategists have said the U.S. dollar will retain its dominant position even as it is being challenged by alternative currencies such as the Chinese yuan. According to a report, the yuan currently accounts for just 7% of global foreign exchange trade volumes while the greenback...
CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits
8.6.2023
Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry
Report: EA 'Exploiting The Players' With College Football Payments
8.6.2023
For the first time in a decade, EA Sports will be releasing a college football game this season. The main reasons for that 10-year hiatus was a conflict over player payments (which weren’t allowed under NCAA rules) and likenesses. Those had presumably been resolved in the lead-up to EA Sports...
Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say
7.6.2023
Participants at Consensus 2023 describe the tension between the need for privacy, transparency and regulation in crypto and DeFi in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report
No More FTXs! Consensus 2023 Attendees Discuss Future of Crypto Custody
7.6.2023
FTX's collapse reignites the self-custody debate with Consensus 2023 attendees in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report