What the ‘anti-mining bill’ means for the crypto industry in Texas
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation.
Posts published on May 30, 2023 go to media archive 3/4
Ordinals Inscriptions on Bitcoin Surpass 10 Million, Fueling NFT and Token Boom
On Monday, May 28, 2023, a pivotal landmark was reached as the aggregate quantity of Ordinal inscriptions minted on the Bitcoin blockchain exceeded 10 million in under half a year. Since Ordinal inscriptions’ inception, bitcoin miners have…
Downside Threat: These Two Crypto At Risk Of Crash Due To Unlocks
The crypto market has shown signs of recovery over the last week, with top coins trending to the top of their range. However, the picture could turn red in the short term for some altcoins as unlocks season kick-off. As of this writing, Ethereum…
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.
Umbrel Announces New Umbrel Home Plug-And-Play Server
Umbrel, the company behind umbrelOS, has introduced a new home server solution called Umbrel Home with the intent of providing users control over their data, privacy and digital lives, according to a press release sent to Bitcoin Magazine. Priced…
Bitcoin is on a collision course with ‘Net Zero’ promises
Every year countries are pressured to ramp up their climate change commitments at the COP conference — and Bitcoin mining is an easy target.
Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping
The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue.
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, as ‘Death Cross’ Approaches
Bitcoin was once again trading above $28,000 on Tuesday, as the 10-day and 25-day moving averages neared a death cross. The two trend lines have moved closer to one another, with an upwards bullish crossover somewhat imminent. Ethereum was also…
The future of DeFi is ReFi
The key to unlocking this transformation and propelling the industry forward lies in embracing the regenerative economy.
What is fair use? US Supreme Court weighs in on AI’s copyright dilemma
Many firms with generative AI models are being sued for copyright infringement, and the Supreme Court may have just ruined their primary legal defense.
BitFlyer adopts crypto deposit limits to comply with Travel Rule
While adopting restrictions on transactions between exchanges, bitFlyer still supports transactions to and from self-custody wallets like MetaMask.
Two key security practices for Web3 startups from Israel Crypto Conference
Shahar Madar, the head of security products at Fireblocks, says Web3 startups need to think from the “attacker’s perspective” when planning security protocols.
Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).
Security firm discovers $500M vulnerability in Tron multisig accounts
After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was promptly addressed and resolved within a few days.
First Mover Americas: Bitcoin on Track for First Monthly Loss of the Year
The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Shiba Inu Price Faces Dilemma As New Addresses Take Conflicting Positions
Shiba Inu (SHIB) finds itself amidst a contrasting scenario. Holders of the meme coin and newly emerging addresses are taking conflicting positions, leading to a state of uncertainty. Some long-standing holders remain steadfast in their belief in…
India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks
India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.
XRP Bullish Signal: Address Activity Spikes To Historical Levels
On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain…
Bali Government Cracks Down on Crypto Payments by Foreign Tourists
The government of Bali, Indonesia, is cracking down on the use of cryptocurrency as a means of payment by foreign tourists. “Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises…
Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E
The BRC-721E token standard was launched by the Ordinals market and the Bitcoin Miladys NFT collection, allowing traders to transfer their ERC-721 NFTs to Ordinals.
Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples
RNDR has been a good high beta Nasdaq play in recent weeks, one portfolio manager noted.
Wintermute moves over $4M in Optimism to Binance ahead of token unlock
On-chain analytics platform Spot on Chain reported that Wintermute has already sold these tokens for $1.63 per OP.
Traders Act Fast As Binance Australia Unveils Bitcoin Discount For Limited Period
In an intriguing development for crypto traders, Binance Australia has introduced an exclusive Bitcoin discount, offering a unique opportunity for savvy investors. The platform’s recent announcement comes in the midst of a countdown to a…
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
South Africa’s Perceived Pro-Russia Stance May Result in Secondary Sanctions Which Threaten Financial Stability — Central Bank
The South African central bank has said the that perception that the African nation has aligned itself with Russia could result in the imposition of secondary sanctions which threaten financial stability. The bank also warned in its latest…
Crypto Storage Firm Qredo's Revamped Self-Custody Wallet Goes Live
The New Qredo remains aimed at the institutional crypto market, but now it's low-cost and open to anyone, says COO Josh Goodbody.
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.
Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score
Pepecoin (PEPE) has recently experienced a significant development as it hits a crucial bullish order block (OB), raising hopes for a potential recovery opportunity. However, the ability to reverse the prevailing downtrend momentum is contingent…
Bitcoin Headed for First Monthly Loss in 6 Months
The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift prices higher, one observer said.
Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions
The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets…