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South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

[May 8, 2023 3:15 AM] Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.

Crypto Options Exchange Deribit's Ether Volatility Index Hits Record Low

[May 8, 2023 2:31 AM] Deribit's forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.

Aave DAO Passes Proposal to Deploy on Ethereum Layer 2 Metis Network

[May 8, 2023 1:58 AM] The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.

Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether

[May 8, 2023 1:16 AM] Some holders have turned pocket change into fortunes after getting into the very early stages of pepe.

Binance Resumes Bitcoin Withdrawals After Second Pause, Says Its Adjusting Fees and Integrating Lightning Network

[May 7, 2023 8:31 PM] The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.

First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause

[May 7, 2023 6:23 PM] PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.

Bitcoin Network Congestion Causes Binance to Pause Withdrawals

[May 7, 2023 1:06 PM] The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

[May 7, 2023 10:30 AM] In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343%…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

[May 7, 2023 3:30 AM] Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments…

Bitcoin Provides Insurance Against Fiat Currency Failure, Says Validus Power Corp.’s Greg Foss

[May 6, 2023 11:30 PM] On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for “hard…

SEC Probes First Republic Bank Executives for Insider Trading; Lawmakers Dump Bank’s Shares Before Collapse

[May 6, 2023 1:30 PM] After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities…

Voyager Digital Provides Update on Reimbursement Plan for Creditors

[May 6, 2023 4:30 AM] Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few…

U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg

[May 5, 2023 8:40 PM] The United States Justice Department's national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia's invasion of Ukraine on its platform, according to a Bloomberg report.

Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed

[May 5, 2023 3:36 PM] Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.

Aragon Fires Back at Activist Investors in Early Stages of DAO Governance Fight

[May 5, 2023 2:27 PM] After attempting to thwart what it called a "coordinated" attack on its town square, Aragon reiterated its “code is law” position.

Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit

[May 5, 2023 12:29 PM] A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.

Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty

[May 5, 2023 10:36 AM] Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.

Alibaba Says ‘Open Sesame’ to Web3

[May 5, 2023 10:10 AM] The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.

Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

[May 5, 2023 9:51 AM] The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.

New York Attorney General Seeks New Crypto Powers for State Regulators: Report

[May 5, 2023 7:01 AM] The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.

First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap

[May 5, 2023 6:54 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. Adds 253K Jobs in April, Topping Expectations for 180K

[May 5, 2023 6:37 AM] The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

[May 5, 2023 5:50 AM] BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system.

U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan

[May 5, 2023 5:36 AM] This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.

Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments

[May 5, 2023 5:21 AM] Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

[May 5, 2023 3:19 AM] The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.

Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market

[May 5, 2023 3:08 AM] Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain.

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

[May 5, 2023 2:04 AM] The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.

Pepecoin Short Sellers Lose Millions as PEPE Jumps to $900M Valuation

[May 5, 2023 12:18 AM] The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.

Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters

[May 4, 2023 7:45 PM] Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas.