Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
Bitcoin already has one of the most diverse layer 2 ecosystems of any network, according to Bitcoin developer Lisa Neigut.
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Allow Influencers to Promote Registered Crypto Firms, French Senators Say
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
Over $8 million in fees have been paid to the network by inscription creators since their inception.
UK Set to Ban Cold Calls Selling Financial Products, Including Crypto
The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.
Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government
Bitdeer said the agreement marks "a crucial expansion into Asia" and expects fundraising efforts to commence this month.
Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does Not Signal End of Tightening
We expect that Chair Powell may shy away from being definitive when it comes to a pause which may disappoint the market, one crypto trader said.
Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits
One trader infamously took on a 50% slippage for getting out of their pepe position.
BitFlyer USA Fined $1.2M by NYDFS for Not Meeting Cybersecurity Requirements
https://www.dfs.ny.gov/system/files/documents/2023/05/ea20230502_bitflyer_usa_inc.pdf
First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient
ALSO: A crypto markets analyst suggests that the U.S. central bank may not be finished with interest rate hikes, even if it raises the rate on Wednesday as expected.
Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain
Investors are ditching the centralized exchange giants to stake their ETH holdings on decentralized alternatives amid regulatory concerns, and as they chase higher rewards, crypto analysts say.
Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data
Ether also rose. Equity markets dropped, including stocks of two regional banks.
Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development
Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.
Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?
NFT Collection Goblintown Will Prioritize the ‘Worst’ Traders in Second Season Mint
Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the memecoin PEPE.
Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex
The spike triggered a series of liquidations on the exchange.
Sports Illustrated Launches NFT Ticketing Platform on Polygon
Sports Illustrated's ticketing marketplace SI Tickets has developed "Box Office" in partnership with Ethereum software company ConsenSys.
DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan
The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge.
PEPE Token Soars to $500M Market Cap as Meme Coin Fever Grips Crypto Traders
PEPE, the meme token that sprouted out of the Pepe the frog meme, has rocketed to a $500 million market cap following a 2,100% rise since it was issued last month.
Coinbase Opens Offshore Crypto Derivatives Exchange
Coinbase International Exchange will offer trading of perpetual futures for bitcoin and ether.
Decentralized Exchange Maverick Rolls Out Liquidity Incentives for Price Stability
The tool offers more efficient incentives than competitors like Curve Finance’s rewards and can help pegged assets such as stablecoins, liquid staking derivatives keep their prices more stable, the protocol said.
First Mover Americas: BRC-20 Tokens Skyrocket
The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi
The bank slashed its price target for the crypto exchange to $65 from $80.
Institutionally Focused Crypto Exchange Bullish Working With Market Maker B2C2 in Liquidity Drive
Prior to the announcement, Bullish had only logged $200 billion in trading volume since its launch in November 2021.
Digital Bank Revolut Now Offering Crypto Investments in Brazil
Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets.
Number of Stablecoins Held on Exchanges Slips to 2-Year Low
While the stablecoin exchange balance has dropped 44% this year, bitcoin's price has rallied by 70%.
UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
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
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.
'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value
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’
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.