EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law
The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations.
Posts published on May 31, 2023 go to media archive 3/4
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.
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.
Biggest Movers: SHIB Nears 6-Month Low, Whilst LTC Drops by 4% on Wednesday
Shiba inu moved closer to a six-month low on Wednesday, as sentiment in cryptocurrency markets shifted bearish. Litecoin was another notable token to fall, slipping by over 4% today. The global market cap is currently down by over 2% at the time of…
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.
Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020.
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.
Bitcoin hodlers exited 'capitulation' above $20K, new metric hints
Long-term holder spending is "seeking equilibrium," Glassnode suggests — but nothing will be quiet for long.
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New York Department of Financial Services (NYDFS). Since February 13, 2023, 10.62 billion BUSD tokens have…
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
EU, US should push for AI code of conduct: EU tech chief
The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws.
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.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall Lower, as US Consumer Confidence Hits 6-Month Low
Bitcoin erased recent gains on Wednesday, as markets reacted to the latest points of U.S. economic data. One of which being consumer confidence, which dropped to a six-month low in May. Ethereum was also lower in today’s session, dropping…
Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator
Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.
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%.
Cuba Bitcoin community hosts BTC-only meetup
The Cuba Bitcoin community hosted the country’s first-ever Bitcoin-only meetup in Havana over the weekend, attended by 60 crypto-curious Cubans.
Binance to delist privacy tokens in France, Italy, Spain and Poland
Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.
Crypto community’s ‘send ETH’ tweets spark various theories and warnings
Several social media accounts followed the trend, with one requesting ETH to purchase an NFT and another pledging to spend the money on drugs.
Crypto phishing scams: How users can stay protected
A look at the different techniques employed by crypto phishing scammers and how users can stay protected.
Crypto Infrastructure Firm Anoma Foundation Raises $25M
The Swiss non-profit oversees the Anoma blockchain architecture and the layer 1 blockchain Namada.
Blockchain firm raises $25M to develop third-generation architecture
Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.
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.
Chinese officials issue warning about AI and national security
Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.
Did The New York Times Publish Manipulated Footage Of A Bitcoin Mine?
This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy.Did The New York Times manipulate aerial drone photography for its recent article attacking Bitcoin mining, in order to make the air in…
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to identify and verify the identities of all customers.
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.
Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan
Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the former-Soviet space. The trading platform wants to expand its presence in the region…