UK gov’t calls for action on AI copyright, market competition
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards.
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Nigerian fintechs crack down on crypto, users face account blocks
The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.
Bitcoin price is failing to break these 2 key resistance lines at $60K
Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows.
The rise of the Chinese AI unicorns doing battle with OpenAI
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country.
Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin.
EigenLayer to cough up around 28M more EIGEN after airdrop backlash
EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.
Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.
Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick.
BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around.
Former FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.
US senators, FBI aren’t opposed to crypto privacy: Railgun contributor
Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto.
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”
Hong Kong Bitcoin ETF launch in ‘top 20%’, STRK scam suspect busted: Asia Express
The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express.
Crypto leaders should stop flirting with CBDCs
Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them.
Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case.
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs.
Block shares see after-hours bump as Q1 results top estimates
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.
Chainalysis will help Tether monitor secondary market for illicit activity
The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.
US lawmakers warn of Iranian crypto miners threatening national security
According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations.
Binance Wallet announces support for Bitcoin Atomical ARC-20 assets
The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs.
US lawmakers urge SEC to approve Bitcoin options trading
Representatives Mike Flood and Wiley Nickel urged the SEC's chair Gary Gensler to stop discriminating against Bitcoin funds in a letter.
Analysts expect Bitcoin price recovery after Fed leaves rates unchanged
Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.
Pantera invests in TON with high expectations for Telegram’s future
The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said.
‘Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?
Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement.
Nigerian court postpones money laundering trial of Binance and execs
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
Pickup artists using AI, deep fake nudes outlawed, Rabbit R1 fail: AI Eye
Deep fake nudes to be outlawed in UK and Australia, pick up artists fake big live stream audiences to meet women, plus more news: AI Eye.
Bitcoin price correction 'very common' if $56K lows hold — Peter Brandt
Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000.
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.
Nasdaq-listed mining firm Stronghold Digital Mining for sale?
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.
MoonPay expands crypto options with PayPal integration
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards.