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Upstream Data Files Lawsuit Against Crusoe Energy Systems For Bitcoin Mining Operations

[May 23, 2023 1:11 PM] Canadian Bitcoin mining corporation Upstream Data Inc. has filed a patent infringement lawsuit against Delaware limited liability company Crusoe Energy Systems LLC in the United States District Court for the District of Colorado. The lawsuit…

Zuzalu Is 2 Months in Montenegro With Crypto Elites, Cold Plunges, Vitalik Selfies

[May 23, 2023 12:54 PM] This invite-only gathering of 200 people in the Mediterranean marina town of Lustica Bay has been taking place since late March and wraps up this week, featuring official sessions on zero-knowledge cryptography, twice-a-day jumps into the Adriatic…

Coliving Project Cabin Wants to Put Digital Nomads in Nature

[May 23, 2023 12:35 PM] Cabin just announced plans for the first “network city,” a global alliance of self-governing neighborhoods accessible to “citizens'' who hold NFTs.

Bitcoin Stamps Approach 50,000 Recorded on Blockchain Alongside Introduction of SRC20 Tokens

[May 23, 2023 10:30 AM] With nearly nine million Ordinal inscriptions, the trend that followed, called Bitcoin Stamps, is nearing a milestone of nearly 50,000 stamps recorded on the Bitcoin blockchain. Additionally, similar to the BRC20 token economy, the Bitcoin Stamps…

Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East

[May 23, 2023 10:12 AM] Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month and develop tokenized money market funds.

Binance Blasts 'Desperate' Reuters Report It Commingled Customer and Company Funds

[May 23, 2023 10:05 AM] "We’ve addressed this on multiple occasions. We keep our user and corporate funds on completely separate ledgers," Patrick Hillmann, Binance's chief communications officer tweeted on Tuesday.

EU Banks Could Access Stablecoins More Easily Under Leaked Plans

[May 23, 2023 9:59 AM] The European Commission's plans could moderate a push from Parliament to discourage crypto holdings as it debates new capital requirements for banks.

U.S. is 'Losing' the Bitcoin Movement: Cathie Wood

[May 23, 2023 9:58 AM] Cathie Wood also referenced last year's dramatic collapse of crypto exchange FTX, saying it "proved the concept" of bitcoin

Sorare Carves Out Unique Entry Method for France Due to NFT Regulations

[May 23, 2023 9:56 AM] The Web3 fantasy sports game is working with the French National Gaming Authority to create a framework for France-based players who face a tighter regulatory regime.

U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs

[May 23, 2023 9:25 AM] The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities, OFAC alleged

Bitcoin Jumps to Key Price Resistance as Hong Kong Opens Crypto Trading for Retail Investors

[May 23, 2023 8:28 AM]

Multicoin Leads $2.3M FastLane VC Deal, Continuing Its Bet on MEV Infrastructure

[May 23, 2023 8:00 AM] The crypto-focused investment firm has now backed three projects centered around maximal extractable value (MEV), a way for validators to earn extra money from traders.

Crypto Wallet Provider Ledger Delays Key-Recovery Service After Uproar

[May 23, 2023 8:00 AM] After criticism from the crypto community, the firm pledged to open-source the Ledger Recover code before releasing the controversial update.

LabDAO Raises $3.6M to Decentralize Drug Discovery

[May 23, 2023 7:30 AM] The project also launched its new PLEX client that eases the burden of resource-intensive computations for scientific data.

Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data

[May 23, 2023 7:24 AM] Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.

First Mover Americas: Interest in Staking Ether Ramps Up

[May 23, 2023 6:16 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Come in and Register? These Firms Say They Found an SEC-Friendly Crypto Path

[May 23, 2023 6:00 AM] The beginnings of a fully compliant U.S. crypto infrastructure may be forming on the industry’s fringes as a watchdog backed by the Securities and Exchange Commission (SEC) quietly issues significant approvals for companies trying to stick to the…

South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report

[May 23, 2023 4:42 AM] The leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months.

MicroStrategy Shares Offer Better Exposure to Crypto Than Coinbase: Berenberg

[May 23, 2023 4:30 AM] Macro drivers of demand for bitcoin are bullish for MicroStrategy shares, the report said.

Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1

[May 23, 2023 4:20 AM] The Securities and Futures Commission's guidelines explicitly ban crypto gifts to incentivize retail investments, which likely includes airdrops.

DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini

[May 23, 2023 4:00 AM] In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may…

Crypto Market Near-Term Upside Is Likely Capped: Bank of America

[May 23, 2023 2:51 AM] The bank expects digital asset trading volumes to remain subdued, with retail investors remaining on the sidelines.

Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%

[May 23, 2023 2:30 AM] Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest…

Number of Ether Staked Has Surged by 4.4 Million Since Shapella Upgrade

[May 23, 2023 2:08 AM] Staking refers to locking coins in the blockchain network in return for rewards.

International Securities Regulator IOSCO Proposes Policy Recommendations for Crypto

[May 23, 2023 1:25 AM] The consultation period closes on July 31.

Crossover Markets Teams With Credit Network Hidden Road to Enable Crypto Trading

[May 23, 2023 1:00 AM] The aim of the collaboration is to avoid conflicts of interest by decoupling trade execution from custody and brokerage.

Aave V2 Users Temporarily Unable to Access $120M on Polygon After Governance Bug

[May 23, 2023 12:56 AM] All funds remain safe and a governance proposal is underway to update the faulty strategy, developers said.

Crypto Exchange OKX Targets France as Regional Hub With Plan to Hire 100 People

[May 23, 2023 12:00 AM] OKX has applied for a Digital Asset Service Provider license to join dozens of companies that have already won approval.

Shiba Inu’s Puppynet Testnet Logs 10M Transactions, Putting Ecosystem Tokens in Focus

[May 22, 2023 11:52 PM] Ecosystem tokens shiba inu, leash and bone will be used to transact on the upcoming Ethereum-based blockchain.

FTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'

[May 22, 2023 11:02 PM] John Ray III billed just over 6.5 hours in his last cycle reviewing and working on what appears to be FTX 2.0 materials