Crypto lobbyists still fighting to axe 'unlawful' Tornado Cash sanctions
The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions.
Russia’s Rosbank Launches Crypto Payments Solution for Cross-Border Settlements
Rosbank has become the first large Russian bank to offer clients an option to use cryptocurrencies in international settlements. The solution, provided in tandem with a Russian fintech, is mostly intended to meet the needs of businesses working…
Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status
The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating…
First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience
ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.
US Debt Ceiling Dramas Diminish Dollar’s Credibility and Reputation as Safety Asset, Warns Devere CEO
The CEO of investment management firm Devere Group has warned that the U.S. debt ceiling dramas have weakened the U.S. dollar’s “global reserve currency’s credibility and reputation as a ‘safety asset.’” He cautioned that Congress’ debt
Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
Although the Bitcoin blockchain’s average transaction fees have decreased since surpassing $30 per transfer on May 8, there are still over 257,000 pending transactions awaiting confirmation. Furthermore, from May 1 onwards, the network has…
Meme Coin Pepe Sees Steep Decline in 30 Days, Losing 70% Since All-Time High
According to statistics, the meme coin asset pepe (PEPE) still holds the third position in terms of the largest meme token market capitalization. However, PEPE has lost over 70% in value during the past 30 days. Pepe Value Slides 26% Lower Over the…
Elliptic to Utilize Chatgpt in Intelligence Gathering
Blockchain analytics company Elliptic said it’s going to use Openai’s Chatgpt to support its intelligence gathering and research. The AI-based language model will allow its experts to speed up and expand the analysis of new risks related to crypto…
Atomic Wallet hack losses top $35M, on-chain sleuth reports
Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios destroyed.
‘Talk2Satoshi’ — Developer Launches Unique AI Chatbot Infused With Bitcoin Knowledge
In the midst of the buzz surrounding artificial intelligence (AI), a developer has crafted a fresh chat platform that harnesses the power of Openai’s Chatgpt. However, this creation sets itself apart by being trained on a myriad of resources…
Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack
On June 3, 2023, numerous sources revealed details about an attack on Atomic Wallet that resulted in significant financial losses for many victims. The Atomic Wallet team announced they are looking into the issue, while onchain investigators like…
CZ Binance on Buying Banks to Fight Crypto Regulation Woes, Russian Banker Says CNY Likely to Dethrone USD, and More — Week in Review
Changpeng Zhao, the CEO of Binance, doesn’t think buying a bank would solve the crypto industry’s troubles with traditional financial institutions, amid issues his own exchange currently faces in regions like Australia and Europe. In…
This is an opinion editorial by Chen Fang, the COO of BitGO, a Bitcoin-focused regulated custody and financial services firm.A challenging 2022 prompted Bitcoin skeptics to gleefully say “I told you so” and declare that Bitcoin was dead and buried…
The regulatory environment in the U.S. doesn’t look good for crypto but the United States has the potential to lead again, according to Binance CEO Changpeng Zhao (CZ). The founder of the world’s largest digital asset exchange is convinced…
Coinbase Expands Futures Offering, Unveils ‘Institutional-Sized’ Bitcoin and Ether Contracts
On June 1, Coinbase revealed its plans to extend bitcoin and ether futures contracts to institutional investors through its derivatives exchange. The firm mentioned that the Coinbase Bitcoin (BTI) and Ether (ETI) futures contracts would be…
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