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DeFi Must Get Easier to Use to Win Over Retail Customers, Uniswap Survey Finds
[May 17, 2023 11:30 AM] Uniswap found that many respondents are put off by the complexity and cost of on-chain trading.
Foundation Devices Announces Standalone Envoy Bitcoin Mobile Wallet App
[May 17, 2023 10:29 AM] Foundation Devices, a leader in Bitcoin-centric tools, has announced the launch of its Envoy mobile app as a standalone Bitcoin mobile wallet with enhanced features for account management and privacy.According to a press release sent to Bitcoin…
Investors Track Pepecoin Whales to Cash In on Meme Coin Mania as Wider Market Stagnates
[May 17, 2023 9:02 AM] Crypto investors are attempting to capitalize on the latest wave of meme coin mania by tracking the movements of early pepecoin (PEPE) buyers.
Relai Introduces Monthly Zero-Fee Bitcoin Purchases
[May 17, 2023 8:57 AM] Relai, a Swiss non-custodial Bitcoin app, has announced the launch of zero-fee bitcoin purchases in order to attract more users. This new offering allows users to make one fee-free bitcoin purchase per month for up to 100 CHF/EUR. By offering…
Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent
[May 17, 2023 8:23 AM] Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not…
Airstack Raises Over $7M for AI-Backed Web3 Developer Platform
[May 17, 2023 7:33 AM] The pre-seed funding extension was led by Superscrypt, and Polygon was a prior investor.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
[May 17, 2023 6:27 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ripple Buys Crypto Custody Firm Metaco for $250M
[May 17, 2023 6:00 AM] Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
[May 17, 2023 6:00 AM] The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure
[May 17, 2023 4:58 AM] LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares.
Indian Authorities Asked to Restore Crypto Exchanges' Access to UPI
[May 17, 2023 4:36 AM] India's government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.
Axie Infinity's Token Jumps 12% After Firm Lists Game on Apple App Store
[May 17, 2023 4:30 AM] The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.
Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key
[May 17, 2023 3:30 AM] Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller…
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
[May 17, 2023 3:21 AM] NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
Axie Infinity Game Launches on Apple App Store in Key Markets
[May 17, 2023 3:00 AM] The card-based strategy game Axie Infinity: Origins will first launch across Latin America and Asia as it continues its global expansion.
Dogecoin's Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced
[May 17, 2023 12:39 AM] Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week.
First Mover Asia: Crypto's Rotating Profits
[May 16, 2023 7:08 PM]
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
[May 16, 2023 5:01 PM] The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
[May 16, 2023 5:01 PM] The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities.
SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules
[May 16, 2023 4:25 PM] The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether.
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
[May 16, 2023 3:50 PM] The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering comes with a "core set of features to bitcoinize the dollar," according to the firm.
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
[May 16, 2023 3:21 PM] Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.
Balancer Might Arbitrage Itself to Rescue Inverse Finance’s Frozen Crypto
[May 16, 2023 1:40 PM] Automated market maker Balancer is working with a trio of DeFi protocols to rescue crypto frozen since Euler's massive hack.
Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy
[May 16, 2023 1:30 PM] Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at…
Ledger Bats Back Criticism of New Wallet Recovery Service
[May 16, 2023 12:30 PM] “You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledeger CEO Pascal Gauthier.
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum
[May 16, 2023 11:30 AM] On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in…
Optimism, Scaling Solution for Ethereum, Sets June Date for Biggest Ever Upgrade, ‘Bedrock’
[May 16, 2023 11:11 AM] The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.”
Origin Protocol Enters Competitive Ether Yield Market With OETH Offering
[May 16, 2023 10:00 AM] OETH is a yield-bearing, ether-pegged token, offering an easy way to maximize yield from ETH staking using protocols such as Curve Finance.
Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center
[May 16, 2023 9:19 AM] Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round.