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Grayscale expands ETF business, puts forward 3 new crypto funds
10.5.2023
The new funds would invest in a wide range of different crypto-related assets including Bitcoin miners and privacy tech
Best Crypto to Buy Now 9 May – Bitget Token, Lido DAO, Bitcoin Cash
10.5.2023
The crypto market took a significant hit on Monday, with a net outflow of approximately $29.45 billion, shrinking the total crypto market cap to $1.111 trillion.
Ethereum and Bitcoin, the two leading cryptocurrencies, were not immune to this downturn, with their market caps falling to $222...
Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
President Joe Biden Critiques “Wealthy Crypto Investors” on Twitter
9.5.2023
US President Joe Biden critiqued “wealthy crypto investors” in a tweet on Tuesday discussing what “MAGA House Republicans” want to cut in the federal budget.
“We think Congress should cut tax loopholes that help wealthy crypto investors ($18 billion),” President Biden said. “MAGA Republicans think...
Marathon Digital announces immersion crypto mining operations in Abu Dhabi
9.5.2023
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s
SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...
Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg
9.5.2023
The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported
ChatGPT and other AIs could play a big role in driving more users to crypto
9.5.2023
By doing things such as helping users find answers to their questions by looking at their wallets, AI could help introduce millions of new people to blockchain
Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption
9.5.2023
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share...
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
9.5.2023
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies
Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline
9.5.2023
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against...
Bankrupt crypto exchange QuadrigaCX to start 'interim distribution' of funds
9.5.2023
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors
Sam Altman's Worldcoin Introduces App for Eyeball-Scanning Crypto Project
9.5.2023
Sam Altman’s Worldcoin project has launched a self-custodial mobile app that allows users to manage their World ID and a range of cryptocurrencies.
The World App, developed by Tools For Humanity, the company behind Worldcoin, is built on the Ethereum sidechain Polygon, according to a Monday blog...
Mastercard, PayPal, and Robinhood to Facilitate Crypto Adoption through Smoother On-ramps – Here's What You Need to Know
9.5.2023
Cryptocurrencies are soaring in popularity worldwide as the traditional financial system shifts to incorporate more efficient digital systems.
However, despite the growing interest in cryptocurrencies, it is still challenging for novices to deal with terms such as hashrate and gas fees....
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
9.5.2023
The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022
P2P Crypto Platform Paxful Resumes Operations, Led by Delaware Lawyer – Here's the Latest
9.5.2023
In a major update, leading peer-to-peer cryptocurrency exchange Paxful announced the resumption of its marketplace operations.
This is the first time the platform has been operating since April 2023.
Paxful digital asset exchange primarily facilitates the buying and selling of Bitcoin and other...
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
9.5.2023
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their...
Crypto Media Outlet Blockworks Raises $12M at $135M Valuation
9.5.2023
The 10T Holdings-led round had a $135 million post-money valuation
12 factors VCs should focus on when vetting crypto and blockchain companies
9.5.2023
Due diligence when vetting crypto and blockchain companies comprises considering both traditional business factors and unique imperatives
Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals
9.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family...