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Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida

[May 12, 2023 6:00 PM] On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids…

Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar

[May 12, 2023 5:22 PM] The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding.

Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy

[May 12, 2023 4:30 PM] On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from…

U.S. Senators Introduce Bill Requiring Reports On El Salvador’s Bitcoin Adoption

[May 12, 2023 3:40 PM] A group of United States senators have introduced a bill requiring reports on the adoption of bitcoin as legal tender in El Salvador. The "Accountability for Cryptocurrency in El Salvador Act," introduced by Senator James Risch, Senator Bob…

Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

[May 12, 2023 3:28 PM] Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…

Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind

[May 12, 2023 2:33 PM] While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.

Lido Community Weighing On-Chain Vote to Deploy Version 2 on Ethereum

[May 12, 2023 2:32 PM] If the governance vote passes, the latest iteration of Lido will come to the Ethereum blockchain, Lido’s biggest market.

House Democrats Consider New Stablecoin Bill Proposal: Source

[May 12, 2023 2:15 PM] House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.

Binance Announces Exit from Canada, Citing Regulatory Tensions

[May 12, 2023 1:47 PM] The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.

Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees

[May 12, 2023 1:44 PM] Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms.

Staking Platform Agility Soared After Ethereum’s Shapella Upgrade, but It’s Suffered Ever Since

[May 12, 2023 1:35 PM] Key metrics like total value locked (TVL) and the price of its AGI token have tumbled recently, following their post-Shapella runup.

Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours

[May 12, 2023 1:32 PM] Finality refers to the guarantee that a block cannot be altered and removed from the Ethereum blockchain.

Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’

[May 12, 2023 1:30 PM] Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at…

MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token

[May 12, 2023 12:47 PM] Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.

Bitcoin Loses 10% on the Week as Memecoins Tumble

[May 12, 2023 12:47 PM] Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.

BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days

[May 12, 2023 12:00 PM] Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within…

Paradigm-Backed NFT Ownership Platform Tessera is Shutting Down

[May 12, 2023 10:24 AM] Co-founder Andy Chorlian tweeted that the decision was made after "carefully analyzing possible market scenarios, our company structure and our financial situation."

U.S. Congressman Brad Sherman Sends Letter To SEC Chair Calling Attention To Grayscale Bitcoin Trust Situation

[May 12, 2023 10:10 AM] U.S. Congressman Brad Sherman has sent a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), regarding the situation of Grayscale Bitcoin Trust (GBTC).According to Sherman, as many as 850,000 retail investors…

Musk’s Milady Meme, Opening Up Ordinals

[May 12, 2023 10:05 AM] Miladys NFTs saw a brief pump after Elon Musk tweeted about them and Binance is making it easier for people to buy Bitcoin NFTs.

Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

[May 12, 2023 8:15 AM] Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.

Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause

[May 12, 2023 8:00 AM] Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is…

EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows

[May 12, 2023 6:32 AM] Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.

LG Electronics Seeks Patent for TV Which Lets Users Trade NFTs

[May 12, 2023 6:31 AM] LG has been a node operator on the Hedera Network since 2020.

First Mover Americas: Bitcoin Falls to 2-Month Low

[May 12, 2023 6:29 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case

[May 12, 2023 6:14 AM] Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues.

Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet

[May 12, 2023 1:52 AM] The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.

Bitcoin Prices Slip to 2-Month Lows As CoinDesk’s Bitcoin Trend Indicator Turns Neutral From Bullish

[May 12, 2023 1:06 AM] Prices fell to $26,160 soon before press time, reaching the lowest since March 17.

Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale

[May 12, 2023 1:05 AM] The miner will sell its common shares under an at-the-market (ATM) offering, with investment firms Canaccord Genuity and Stifel acting as agents.

Dogecoin-Like Spike in Milady NFTs After Elon Musk’s Tweet, But Will It Last?

[May 12, 2023 12:12 AM] Prices of the NFT collection have soared in the past two days.