May 17, 2023

UK Crypto Hub Ambitions on Rocks as Treasury Wants to Treat it as Gambling

The United Kingdom has grand aspirations of becoming a digital assets hub, just as London already is for traditional finance. However, those plans are being thwarted by watchdogs and policymakers who want to take a heavy-handed approach to regulation. On May 17, it was reported that a panel of UK lawmakers said crypto assets should...
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Jordan Peterson: Bitcoin is the Only Alternative to a CBDC

Famous Canadian psychologist and political commentator Jordan Peterson believes Bitcoin is the only “viable” monetary alternative in a future world dominated by central bank digital currency (CBDC). The intellectual recently spoke with tech expert and entrepreneur Brian Roemmele about artificial intelligence and other emerging technologies, highlighting how Bitcoin can serve to shield the world from...
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FDIC Chair Blames Crypto Exposure for Signature Bank’s Demise

Signature Bank’s involvement in the digital asset industry was the reason that ultimately caused its demise, according to FDIC’s Martin Gruenberg. The chair also acknowledged FDIC’s shortcomings in not acting sooner to prevent the crisis from spreading throughout Signature’s operations. Gruenberg further added that the agency’s supervision could have been stronger. Crypto Culpable in Signature’s...
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DRC-20 Hype Fest Triggers Huge Spike in Dogecoin (DOGE) Transaction Volume

After the frenzy of BRC-20 tokens in the Bitcoin network, their DRC-20 counterparties have triggered a massive spike in Dogecoin’s transaction volume. The OG memecoin experienced a significant surge in daily transactions and even surpassed that of Bitcoin and Litecoin briefly for the first time ever. According to data compiled by BitInfoCharts, the daily Dogecoin...
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Bankrupt Crypto Lender Celsius Moved Nearly $900M of ETH Within a Week: Data

Celsius’ wallets have been quite active amid its ongoing bankruptcy and restructuring process. The beleaguered crypto lender – which remains one of the biggest firms with a staked ETH portfolio – has transferred almost $900 million worth of the crypto asset over the past week. Celsius’ Ether Movement According to data shared by the blockchain...
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Litecoin (LTC) Price To Surge 50% in the Next 8-10 Weeks, But There’s a Catch

Litecoin (LTC), often called the “silver” to Bitcoin’s “gold” in the crypto world, is getting ready for an interesting period ahead. A well-known crypto trader named Pentoshi recently made an intriguing prediction about the future of this digital currency. Pentoshi sets the target of $138 for Litecoin Pentoshi believes that something similar to past events...
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Diversification Doesn’t Work? NFT Influencers That Made or Lost Money With Memecoins

Savvy investors and NFT influencers have used the recent hype around memecoins as an opportunity to make solid profits. However, the majority of those who made money on such investments have only dealt with Pepe Coin (PEPE), while those diversifying with more than one have not been that successful. Despite its recent price fluctuations, the...
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Symbiosis Brings SIS Token to zkSync

[PRESS RELEASE – Dubai, UAE, May 17th, 2023] Symbiosis is a cross-chain DEX that aggregates liquidity from different blockchains, making it effortless for users to trade any token and transfer their assets across chains. The Symbiosis team is thrilled to announce the deployment of $SIS, the governance token of the Symbiosis ecosystem, on zkSync, a...
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Pantos Releases Multichain Token Creator, Enabling Users to Deploy Tokens on Multiple Blockchains

[PRESS RELEASE – Vienna, Austria, May 17th, 2023] Pantos, a Multichain Token System conceived by the team behind Bitpanda, today announced the public release of the Multichain Token Creator. It is an easy-to-use web app that allows users to configure and deploy their own multichain tokens built on top of the Pantos Digital Asset Standard...
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IOVLabs Introduces a $2.5M Program to Boost the Development of Bitcoin’s Sidechain Rootstock

IOVLabs – a company that develops decentralized blockchain technologies – launched a $2.5 million “strategic grants program” to accelerate the adoption of Rootstock. The latter is a sidechain tied with Bitcoin and designated to enable smart contracts for the ecosystem. ‘Strong Commitment’ to Advance BTC According to a document seen by CryptoPotato, the Argentina-based blockchain...
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Tether Will Buy Bitcoin: Allocating 15% of Net Realized Operating Profits Regularly in BTC

Tether – the company behind the largest stablecoin by means of total market cap – USDT – will be buying Bitcoin. It joins the rank of other large corporations by adding the primary cryptocurrency to its balance sheet. Tether revealed today that starting this month (May), the company will “regularly” allocate as much as 15%...
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EtherMail Announces Integration with Freename in Latest Web3 Email Milestone

[PRESS RELEASE – Please Read Disclaimer] Schaan, Liechtenstein, 17 May 2023 – EtherMail, the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has today announced its integration with Web3 domain specialists Freename. ​​This integration extends the reach of EtherMail’s Web3 email solution to Freename domain users, allowing them to send...
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Blockchain Life 2023 – Crypto Whales Meeting Point on October 24-25 in Dubai

[PRESS RELEASE – Dubai, UAE, May 16th, 2023] Influential figures such as heads of global funds, government officials, investors, business owners and promising startups come together in Dubai to shape the future of cryptocurrencies at the 11th International Blockchain Life Forum on October 24-25 in Dubai, Festival Arena. Buy your ticket now at the presale...
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Ripple Vs. SEC: Judge Denies The Sealing of Hinman’s Speech Once Again

In the latest development in a court case that’s been dragging on for years, Judge Analisa Torres denied the SEC’s request to seal documents pertaining to a speech by Bill Hinman, the director of the agency’s corporate finance division. First Attempts Blocked Last Year The speech in question, which outlines why Hinman does not consider...
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Ripple Vs SEC News: Judge Unseals Hinman Documents, Could This Backfire For XRP? 

Ripple’s legal tussle with the U.S. Securities and Exchange Commission (SEC) took a dramatic turn as District Judge Analisa Torres rejected the SEC’s request to seal documents connected to a controversial 2018 speech by the SEC’s former Corporation Finance Director, William Hinman.  The crypto community has largely welcomed this development, but John Deaton, a vocal...
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The Bitcoin Forum

Abstract In this piece we examine the history of the Bitcoin forum, which Satoshi launched in November 2009 and is still around today. In particular we focus on various hacks which impacted the forum in the 2011 to 2015 period. We also focus on the forum’s finances, including donations it received of over 6,000 BTC...
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EU Council Unanimously Votes in Favor of MiCA Legislation

The Economic and Financial Affairs Council of the European Union unanimously favored the Markets in Crypto-Assets (MiCA) regulation during a voting process on May 16, 2023. The Finance Ministers of the 27 member states approved the MiCA bill, including amendments to several rules related to the new crypto legislation. EU Council Approves MiCA Bill Approval...
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I Will Always Stick With Bitcoin: American Billionaire Paul Tudor Jones III

The legendary hedge fund manager – Paul Tudor Jones III – said he will always keep a “small” exposure to bitcoin since it is “the only thing that humans can’t adjust the supply in.”  The American billionaire also suggested that the US Federal Reserve will cease its aggressive interest rate hike policy. Many experts previously...
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Bitcoin (BTC) $ 67,854.18 1.95%
Ethereum (ETH) $ 2,403.94 3.02%
Tether (USDT) $ 0.999019 0.10%
BNB (BNB) $ 553.13 1.63%
Solana (SOL) $ 158.24 3.49%
USDC (USDC) $ 0.999682 0.07%
XRP (XRP) $ 0.503992 0.56%
Dogecoin (DOGE) $ 0.161814 5.74%
Lido Staked Ether (STETH) $ 2,403.68 2.96%
TRON (TRX) $ 0.1624 1.77%