Sell Crypto Volatility in May, and Go Away?
The recent calm in bitcoin (BTC) and ether (ETH) should not lull market participants into a false sense of security.
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Washington Ignored Crypto for Now. That’s Good for Bitcoin.
A huge tax on BTC miners didn’t make it into a deal to resolve the battle, and a separate provision might actually (unintentionally) help them.
5 Years After the $500K Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?
The bet made at Consensus 2018 hinged on how far Ethereum adoption would get by now. Crypto analysts say the blockchain appears to have met a key threshold, or at least got very close.
USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment
The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.
Binance Says 'Reevaluating' Roles After Report of Layoffs
The firm will "focus on talent densite" ahead of the next bull market, a spokersperson told CoinDesk.
EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets
The European Banking Authority wants to extend money laundering guidance to crypto firms and banks that trade with them
Sotheby's Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work
"The Goose" by the generative artist was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about $5.8 million.
PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.
Crypto Traders Need to Pay Attention to Chinese Yuan
The Chinese yuan has declined by 2.7% against the U.S. dollar this month, while bitcoin has dropped by 7.3%.
Crypto Infrastructure Firm Anoma Foundation Raises $25M
The Swiss non-profit oversees the Anoma blockchain architecture and the layer 1 blockchain Namada.
Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources
Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.
First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
Earlier this year KuCoin closed a $10 million funding round into CNHC.
Find Satoshi Labs Rolls Out AI Tool That Turns Selfies Into NFTs
The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain.
Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening
"I don't really see a compelling reason to pause rate hikes," Fed's Master said, validating the recent hawkish repricing of interest rate expectations in the U.S.
First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend
Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.
Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.
ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.
Web3 Payments Firm Transak Raises $20M
The startup offers on- and off-ramps that could make it easier for new users to interact with Web3 projects.
Texas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House Committee
The legislation would have capped the industry's participation in demand response programs.
Should Russia Bolster or Ban Bitcoin?
The country reportedly backed out of plans to build a "national crypto exchange," its latest sign of indecision.
Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges
The U.S. Securities and Exchange Commission settled charges with a former Coinbase product manager and his brother tied to 2022 allegations of insider trading on certain cryptocurrencies listed by Coinbase, the regulator announced Tuesday.
Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country
The exchange halted Australian dollar bank transfers early May.
Crypto Exchange Bybit Exits Canada Citing Recent Regulatory Development
Bybit has announced that it will be exiting the Canadian market starting as soon as May 31 due to recent regulatory developments in the country, adding to several other exchanges that pulled out from the country.
BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs
The new token standard allows traders to burn their ERC-721 NFTs and transfer them to Ordinals on the Bitcoin network.
U.S. CFTC Warns About Clearing Derivatives Tied to Digital Assets
The derivatives agency said that clearing organizations it oversees have moved into the crypto space and it issued a reminder that they need to actively address the risks.
Nansen Slashes 30% of Headcount in Bid to Cut Costs
The company said it has multiple years of runway ahead, despite the need to now reduce expenses.
Mercedes Benz Web3 Arm To Release NFT Collection With Digital Art Community Fingerprints DAO
Titled “Maschine,” the generative art collection was created by Dutch artist Harm van den Dorpel and draws inspiration from automotive concepts.
FTX Examiner Appointment Referred to Court of Appeals by District Judge
The U.S. government is pushing to have an independent inquiry into the crypto exchange despite concerns over cost