- Retail Giant Nordstrom Tops First-Quarter Sales Expectations Even with Less Shoppingby Bhushan Akolkar on 1. juni 2023 at 12:09
Coinspeaker Retail Giant Nordstrom Tops First-Quarter Sales Expectations Even with Less Shopping Despite weakening sales, Nordstrom managed to beat street expectations. The JWM stock price surged by 8% in the pre-market trading on Thursday. Retail Giant Nordstrom Tops First-Quarter Sales Expectations Even with Less Shopping
- OpenAI Set to Mitigate Risk of AI ‘Hallucinations’by Darya Rudz on 1. juni 2023 at 12:02
Coinspeaker OpenAI Set to Mitigate Risk of AI ‘Hallucinations’ To mitigate the risk of AI hallucinations, OpenAI has come up with a new approach that implies training AI models to reward themselves for each correct step of reasoning instead of rewarding a correct final answer. OpenAI Set to Mitigate Risk of AI ‘Hallucinations’
- Should A Bitcoin Wallet Have Rights?by Artem Afian on 1. juni 2023 at 12:00
Like corporate entities or intelligent robots, Bitcoin wallets are poised to gain legal rights of their own.
- Bitcoin transaction volume hits monthly highs as coin drops below $27kby Wahid Pessarlay on 1. juni 2023 at 11:58
Bitcoin’s (BTC) mean transaction volume has surged to a high of 2.051 BTC, its highest value in the past month. This notable increase in transaction volume coincides with the recent dip in bitcoin’s price, as the asset recently plummeted below…
- Mass media outlet compares crypto unfavourably with AIby Laurie Dunn on 1. juni 2023 at 11:57
Crypto bashing in the mainstream media continues unabated as Reuters writer bigs up AI at the expense of the crypto sector. A mainstream media narrative Mainstream media generally appears to back the narrative that crypto has no intrinsic value, and that it will go to zero much sooner than later. This is the narrative put out by governments, bank leaders, and global traditional financial agencies. Everyone has their view of crypto, and both sides of the argument have prominent economists and financial experts with widely differing opinions. However, what is not in doubt is that the large mainstream media outlets are gunning for crypto, often with little fundamental sense behind their articles. For example, an article published today by a Reuters columnist expounds the view that the current “AI craze” leaves crypto for dead, and states how AI is gathering momentum while crypto is gathering dust. No one can deny that artificial intelligence (AI) is arguably the biggest technological breakthrough that the human race has ever seen. The potential for this technology is as breathtaking as it is alarming. Crypto and AI complement each other However, comparing it with crypto is quite ridiculous. It’s like comparing apples and oranges. Both have their place, and the two of them complement each other, as can be seen with crypto projects such as Render, Ocean, SingularityNET, and others that are harnessing the power of AI. Crypto is either extremely misunderstood, or there are malicious actors involved in trying to drive this anti-crypto narrative out to the masses. Of course, in calling a spade a spade, the vast majority of cryptocurrencies will probably eventually fail and go to zero, but some of these projects are revolutionary, and this space is coming up with financial innovations such as DeFi, NFTs, payments, and many other uses that can change our world for the better. Bitcoin is an exit from debasing fiat currencies Bitcoin is the preeminent cryptocurrency, and it serves as a hard money exit out of the failing fiat-based monetary system. Artificial intelligence with properly defined boundaries can complement this people’s money and be used to make life easier for all. Just throwing mud at a technology is never a good idea. Balanced arguments are always needed. Crypto is a technology that seems to threaten governments, banks, and central planners in general. Being able to have total control has become the raison d’être of governments instead of being a servant of the people. Crypto challenges this misuse of power, and it is to be hoped that AI will not be used to strengthen governmental oppression of freedoms. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
- Binance Plans Layoffs in June amid Growing Regulatory Scrunityby Ibukun Ogundare on 1. juni 2023 at 11:48
Coinspeaker Binance Plans Layoffs in June amid Growing Regulatory Scrunity The exchange’s Chief Communications Officer Patrick Hillmann said that the layoffs in June and internal reallocation of resources are necessary as the scrutiny persists. Binance Plans Layoffs in June amid Growing Regulatory Scrunity
- Litecoin leads flat market as outflows persist: CryptoSlate wMarket Updateby Samuel Wan on 1. juni 2023 at 11:46
The cryptocurrency market saw net outflows of $3.8 billion over the last 24 hours and currently stands at $1.13 trillion — down 0.3% from $1.14 trillion. During the reporting period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 0.7% and 0.3% to $521.18 billion and $223.78 billion, respectively. Over the last 24 hours, The post Litecoin leads flat market as outflows persist: CryptoSlate wMarket Update appeared first on CryptoSlate.
- Ripple (XRP) Pumped 12% While yPredict and Launchpad (XYZ) Also Surgeby Felix Mollen on 1. juni 2023 at 11:37
In a surprising turn of events, Ripple has experienced a notable price increase, soaring 12% in the past seven days. This surge comes as a breath of fresh air for XRP bulls, who have recently received positive news regarding the ongoing legal battle with the SEC – sparking optimism among long-term holders. XRP wasn’t alone
- Tether’s USDT sets new all-time high in spite of regulatory concernsby Oluwapelumi Adejumo on 1. juni 2023 at 11:35
The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer. Data from DeFillama showed that around half of USDT’s circulating supply, 42.86 billion, is sitting on the Tron blockchain, while 33.37 billion of its supply is on Ethereum. The stablecoin The post Tether’s USDT sets new all-time high in spite of regulatory concerns appeared first on CryptoSlate.
- Tether USDT market cap breaks ATH, Binance CEO points at regulatory capsby Cointelegraph By Prashant Jha on 1. juni 2023 at 11:22
At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.
- Sotheby’s to auction failed 3AC’s NFT collectionby Brenda Mary on 1. juni 2023 at 11:05
Sotheby's breaks new ground with the largest live auction of digital art, featuring the highly coveted 'Grails' NFT collection from Three Arrows Capital.
- Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gainsby Cointelegraph By William Suberg on 1. juni 2023 at 10:58
A limp monthly close ends with Bitcoin closing its weekend futures gap, but BTC price action continues to disappoint.
- Hackers hijack Orbiter Finance’s Discord to post fake airdrop by Ogwu Osaemezu Emmanuel on 1. juni 2023 at 10:56
Bad actors have compromised the Orbiter Finance Discord server. The hackers have posted a link to a fake airdrop program on the platform. Orbiter Finance, a decentralized cross-rollup layer-2 bridge, is the latest blockchain protocol to be targeted by hackers.…
- Reddit co-founder thinks play-to-earn gaming will become new normby Rony Roy on 1. juni 2023 at 10:46
Alexis Ohanian, Reddit co-founder and a longstanding supporter of NFT games, has reiterated his belief that "play-to-earn" gaming is the future, despite the recent decline of Axie Infinity, a leading play-to-earn game.
- Gate.io Dispels Rumors About Its Demise Amid Multichain Fiascoby Jordan Lyanchev on 1. juni 2023 at 10:46
The alarm was raised after a large amount of MULTI was sent to the exchange.
- EU Officially Enacts New Crypto Regulationsby Amara Khatri on 1. juni 2023 at 10:45
The European Union (EU) has formally signed new legislation on crypto licensing and money laundering rules into law. MiCA Signed Into Law After months of discussions and negotiations, on May 31, 2023, the EU formally signed the landmark Markets in Crypto Assets (MiCA) into law. The legislation introduces a comprehensive framework for licensing and regulating cryptocurrency businesses operating within the EU member states. The goal is to establish clear guidelines for crypto-related activities and strengthen the integrity of the digital asset ecosystem. It marks the beginning of a new era of crypto regulation and is expected to enhance consumer protection, prevent money laundering, and foster a more transparent and secure crypto market. These developments signal a notable shift in the EU's stance towards digital currencies. AML Laws Also Enforced The European Parliament President, Roberta Metsola, and Swedish Rural Affairs Minister, Peter Kullgren, signed the MiCA law into action. They also formally enacted another law on anti-money laundering (AML), which mandates cryptocurrency providers to authenticate their customers' identities when conducting fund transfers. The Swedish government, currently holding the EU presidency and overseeing legislative discussions, made the announcement on Twitter. A spokesperson from the parliament verified that the laws mentioned encompass MiCA, the transfer of funds regulations, and two additional regulations unrelated to trade with Ukraine. EU Regulating Exchanges And Wallets Crypto exchanges and wallet providers looking to operate across the 27-nation bloc will be able to do so with a license issued under MiCA, which will likely be truly enforced in June after being published in the official EU journal. The MiCA rules also mandate that stablecoin issuers must hold appropriate reserves. Proposed by the European Commission in 2020, MiCA sparked controversy due to lawmakers considering environmentally focused provisions that could have effectively banned Bitcoin's proof-of-work technology. While the industry largely welcomed these provisions, there is now a growing focus on the next phase of EU crypto regulation. Future laws may include other elements of the industry, like staking, non-fungible tokens, and decentralized finance. Critics Question “Excessive Regulation” The EU's move to regulate cryptocurrencies reflects a growing recognition of the importance of digital assets and their potential impact on the global financial system. Other regulatory bodies like the SEC have already applauded MiCA. However, critics argue that excessive regulations could stifle innovation and drive crypto businesses away from the EU. In addition, concerns have been raised about the potential burden of compliance costs and the impact on smaller crypto startups. Striking the right balance between regulation and innovation will be crucial in order to support the growth of the digital asset industry while addressing legitimate concerns regarding money laundering and consumer protection. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
- Elon Musk Has Become World’s Richest Person Again, Beating Bernard Arnault by $4 Billionby Tolu Ajiboye on 1. juni 2023 at 10:38
Coinspeaker Elon Musk Has Become World’s Richest Person Again, Beating Bernard Arnault by $4 Billion Shortly after a trip to China, Elon Musk has become the richest person in the world as he prepares to step down from his position as Twitter CEO. Elon Musk Has Become World’s Richest Person Again, Beating Bernard Arnault by $4 Billion
- Treat Crypto as Securities by Default, European Parliament Study Saysby Jack Schickler on 1. juni 2023 at 10:35
Landmark new crypto laws under MiCA may have few short-term benefits without further steps, the report commissioned by EU lawmakers says
- Eurozone inflation data trends for core CPI, unemployment remain strongby James Van Straten on 1. juni 2023 at 10:31
Quick Take Eurozone data continues to emerge today, with key economic indicators maintaining their trends. Euro area unemployment was at 6.5% in April 2023, a historically low. Europe’s Core CPI (YOY) eased more than expected but stayed elevated at 5.3%. Europe’s CPI (YOY) was lower than expected at 6.1%. The same trends continue to play The post Eurozone inflation data trends for core CPI, unemployment remain strong appeared first on CryptoSlate.
- China’s Oppo Reveals Mixed Reality Headset Just Ahead of Apple’s Anticipated VR Headsetsby Bhushan Akolkar on 1. juni 2023 at 10:23
Coinspeaker China’s Oppo Reveals Mixed Reality Headset Just Ahead of Apple’s Anticipated VR Headsets Oppo's new mixed reality headset will be specifically for developers to create apps and explore the best use cases of mixed reality technology. China’s Oppo Reveals Mixed Reality Headset Just Ahead of Apple’s Anticipated VR Headsets
- Singapore’s MAS grants license to Crypto.comby Ogwu Osaemezu Emmanuel on 1. juni 2023 at 10:22
Crypto.com exchange has successfully obtained its major payment institution (MPI) license from the Monetary Authority of Singapore. With the permit, Crypto.com will expand its operations and product offerings nationwide. Crypto.com, the 22nd-largest bitcoin (BTC) trading venue per CoinMarketCap and digital…
- Crypto exchange Gemini announces expansion into UAE marketby Rony Roy on 1. juni 2023 at 10:16
Crypto exchange Gemini, owned by the Winklevoss twins, has announced its plans to acquire a crypto service license for customers in the United Arab Emirates (UAE).
- Here’s how OpenAI plans to cleanse ChatGPT of false informationby Cointelegraph By Amaka Nwaokocha on 1. juni 2023 at 10:02
OpenAI aims to reduce AI hallucinations in ChatGPT by enhancing math skills, as process supervision shows promise in improving accuracy.
- Crypto.com Unveils Payment Feature in US, Offering Rewards and Wide Brand Selectionby staff writer on 1. juni 2023 at 9:51
Coinspeaker Crypto.com Unveils Payment Feature in US, Offering Rewards and Wide Brand Selection Crypto.com App users in the US can now spend their cryptocurrencies on 150+ top brands and get up to 10% back in Pay Rewards for every eligible purchase. Crypto.com Unveils Payment Feature in US, Offering Rewards and Wide Brand Selection
- ‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear marketby Cointelegraph By Ezra Reguerra on 1. juni 2023 at 9:43
Veteran trader Dan Tapiero said the most important thing for traders is to make rational judgments that aren’t impacted by people’s fears.
- Binance Plans New Round Of Layoffs, Crypto Daily TV 1/6/2023by Amara Khatri on 1. juni 2023 at 9:43
In Todays Headline TV CryptoDaily News: Binance plans new round of layoffs A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees. Bitcoin price volatility Bitcoin's trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes. Bitcoin faces first monthly drop of 2023 The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange collapsed in November last year. The roughly 8% drop in May is Bitcoin’s first monthly retreat of 2023. BTC/USD dove 2.1% in the last session. The Bitcoin-Dollar pair plummeted 2.1% in the last session. The CCI is giving a negative signal. Support is at 273311 and resistance is at 282611. The CCI is giving a negative signal. ETH/USD plummeted 1.8% in the last session. The Ethereum-Dollar pair plummeted 1.8% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 1866.91 and resistance is at 1932.721. The Stochastic-RSI is currently in the negative zone. XRP/USD plummeted 1.3% in the last session. The Ripple-Dollar pair dove 1.3% in the last session. The CCI indicates an overbought market. Support is at 0.4737 and resistance is at 0.5521. The CCI points to an overbought market. LTC/USD plummeted 2.8% in the last session. The Litecoin-Dollar pair dove 2.8% in the last session. The ROC is giving a negative signal, going against our overall technical analysis. Support is at 89.3067 and resistance is at 94.7667. The ROC is currently in the negative zone. Daily Economic Calendar: US ADP Employment Change The ADP Employment Change measures the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 12:15 GMT, the US ISM Manufacturing PMI at 14:00 GMT, and Germany's Retail Sales at 06:00 GMT. US ISM Manufacturing PMI The ISM Manufacturing PMI shows the business conditions in the manufacturing sector. It is a significant indicator of the overall economic conditions. DE Retail Sales The Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. ES 30-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Spain's 30-y Bond Auction will be released at 08:40 GMT, Japan's Jibun Bank Manufacturing PMI at 00:30 GMT, and Japan's 10-y Bond Auction at 03:35 GMT. JP Jibun Bank Manufacturing PMI The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. JP 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
- Hackers steal 13 NFTs on Blur as global sales riseby Wahid Pessarlay on 1. juni 2023 at 9:35
Hackers have stolen 14 digital collectibles on the Blur marketplace, according to a series of tweets by PeckShield Alert. Non-fungible token (NFT) sales started to drop in late March and have consolidated in the last two months. As the number…
- Crypto scams and exploits in May led to $60M loss: CertiKby Oluwapelumi Adejumo on 1. juni 2023 at 9:30
Crypto-related exploits, hacks, and scams in May resulted in nearly $60 million in losses, according to blockchain security firm Certik. On May 31, CertiK confirmed that malicious players in the industry stole $59.8 million through exit scams, flash loan attacks, and DeFi protocol exploits. This brought the total year-to-date malicious losses to $489.57 million. In The post Crypto scams and exploits in May led to $60M loss: CertiK appeared first on CryptoSlate.
- Can Shiba Inu Rebound As It Wraps Up May With A Discouraging 16% Decline?by Christian Encila on 1. juni 2023 at 9:30
Shiba Inu (SHIB) is facing a turbulent period as its price chart paints a rather bleak picture. With its latest monthly candle, Shiba Inu has recorded its most dismal performance since November, igniting a wave of speculation and raising important questions about the future of this meme coin. As the cryptocurrency market closely watches this unprecedented downturn, the fate of Shiba Inu hangs in the balance, leaving investors and meme enthusiasts pondering what lies ahead for this intriguing coin. Related Reading: Shiba Inu: What’s Stifling The Meme Coin From Entering A Bullish Market Phase? SHIB’s Value Plummets, Casting Doubt On Its Future The value of SHIB has witnessed a substantial decline, exceeding 16% since the beginning of May, thereby enveloping its future in a bleak haze. Should the ongoing trend persist, May has the potential to emerge as the most disastrous month for SHIB since November 2022. During that period, SHIB experienced a staggering 25% drop following the collapse of crypto exchange FTX. Source: Coingecko According to data from CoinGecko, the current price of SHIB is resting at $0.00000849. Although it faced a marginal 0.9% dip over the past 24 hours, it still managed to achieve a very minimal gain of 0.1% over the course of seven days. SHIB market cap still pegged at $5.06 billion. Chart: TradingView.com Amidst the uncertainty surrounding SHIB’s trajectory, two significant factors come into play. First, the weakness exhibited by altcoins during the spring season adds to the apprehension. Second, the price action bears an uncanny resemblance to a technical rebound from the fall experienced in 2022. These factors combined amplify the likelihood of an ongoing downward spiral for SHIB, albeit the extent of the decline remains uncertain. SHIB Perpetual Futures Listed On Kraken Pro, Boosting Exposure In a much-needed glimmer of positivity, SHIB enthusiasts can heave a sigh of relief as SHIB perpetual futures have been officially listed on Kraken Pro, the advanced cryptocurrency trading platform offered by Kraken. Just in: Kraken has added a new perpetual for $SHIB 🔥🔥 — $SHIB BPP (@ShibBPP) May 30, 2023 Perpetual futures contracts serve as derivative financial instruments that grant traders the opportunity to speculate on the price fluctuations of various assets, all without actually owning them. Similar to traditional futures contracts, perpetual contracts derive their value from the underlying cryptocurrency asset. Related Reading: XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation This recent listing holds the potential to significantly enhance the exposure of Shiba Inu. Kraken, renowned as one of the largest cryptocurrency exchanges boasting millions of users, provides an ideal platform for SHIB to gain increased visibility among traders and investors alike. As the SHIB community grapples with concerns surrounding its price decline, the listing of SHIB perpetual futures on Kraken Pro opens doors to new trading opportunities and expands the reach of this meme-inspired digital asset. It will also offer optimism amidst the current uncertainty surrounding SHIB’s future. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Peakpx
- Web3 Project Magic Raises $52M in Strategic Funding Round Led by PayPal Venturesby Steve Muchoki on 1. juni 2023 at 9:29
Coinspeaker Web3 Project Magic Raises $52M in Strategic Funding Round Led by PayPal Ventures Magic Labs has so far raised more than $80 million and facilitated the creation of 20 million wallets with support from over 130k developers. Web3 Project Magic Raises $52M in Strategic Funding Round Led by PayPal Ventures
- 5 ChatGPT chrome extensions to enhance productivityby Cointelegraph By Guneet Kaur on 1. juni 2023 at 9:16
ChatGPT browser extensions offer features such as text generation, writing assistance and research support, enabling users to boost their productivity and streamline their workflow.
- Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%by Oliver Knight on 1. juni 2023 at 9:11
Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform.
- XDC price rallies 28% as exchange enters Japanby Brenda Mary on 1. juni 2023 at 9:05
XDC Network expands its presence in Japan through a partnership with SBI VC Trade, leading to a 30% rally in XDC token value in a single day.
- Binance layoffs – CZ refutes bear market strugglesby Samuel Wan on 1. juni 2023 at 8:50
Binance CEO Changpeng Zhao (CZ) played down the significance of recent company layoffs – saying, “Another day, another FUD.” Layoff rumored to be bear market driven. On May 31, Colin Wu of the Wu Blockchain Twitter account stated multiple sources had confirmed Binance was planning to lay off staff. Although details on the cuts were The post Binance layoffs – CZ refutes bear market struggles appeared first on CryptoSlate.
- Bitcoin Closed First Red Month in 2023 Following a 7% Decline in May (Market Watch)by Jordan Lyanchev on 1. juni 2023 at 8:49
Cardano's ADA has declined the most from the larger-cap alts, while LTC is up by almost 4%
- Huobi on Frontline of Crypto Adoption in Hong Kong amid New Digital Assets’ Policy Implementationby Steve Muchoki on 1. juni 2023 at 8:46
Coinspeaker Huobi on Frontline of Crypto Adoption in Hong Kong amid New Digital Assets’ Policy Implementation Huobi was named among other Web3 startups by the Hong Kong Virtual Asset Consortium (HKVAC) to help establish a virtual asset index and a virtual asset exchange rating. Huobi on Frontline of Crypto Adoption in Hong Kong amid New Digital Assets’ Policy Implementation
- Jimbos Protocol Turns To Law Enforcement As Hacker Ignores Bountyby Amara Khatri on 1. juni 2023 at 8:44
Jimbos Protocol has contacted the Department of Homeland Security in an effort to reclaim the funds that were stolen via a flash loan exploit on the 28th of May. The protocol had offered the hacker a bounty which the latter chose to ignore. Jimbos Protocol Contacts Law Enforcement With the hacker ignoring the bounty offer, the Arbitrum-based Jimbos protocol has revealed that it has contacted law enforcement and has opened a case with the New York Branch of the Department of Homeland Security to arrest the hacker. Jimbos Protocol was hacked on the 28th of May and saw 4000 ETH (roughly $7.5 million) stolen via a flash loan exploit. The team behind the protocol also noted that the Department of Homeland Security had arrested several other exploiters in the past and that it believed they would be able to arrest the protocol’s hacker as well. According to reports, the Department of Homeland Security has worked on several crypto cases, such as 2013’s Mt. Gox seizures and the 2021 Colonial Pipeline ransomware attacks. The Jimbos Protocol team took to Twitter to address the hacker, stating, “They’re behind finding and arresting many of these exploiters. We don’t think this case will be an exception to the rule. To the attacker: We warned you. We’d prefer to give you the bounty so we can focus on our protocol. Instead, we will deal with law enforcement to find you.” The protocol also revealed that the hacker ignored the bounty offer, stating, ” We’ve spoken about our bounty before, 10% of stolen funds (~$800k USD). We’ve given the hacker time to comply for the bounty, but evidently, they’re not interested.” Bounty Offered To General Public The Jimbos Protocol has now offered the bounty to the general public instead. This means any user or community member that provides any information that could lead to the hacker’s arrest or recovery of funds would receive the reward. The protocol team had previously stated that they had found several promising leads regarding the hacker but did not wish to harm anyone’s reputation by making assertions before verifying all the facts. “In order to speed up the investigation and return of funds, we’re offering the 10% bounty (~$800K USD) to the general public. Anyone who provides information that leads to: 1) catching the exploiter, or 2) all funds being returned, is eligible for the reward.” However, the protocol also left the door open for the hacker to return the funds, stating that they were willing to give the hacker the opportunity to return the funds right until they are arrested, at which point the offer will no longer be on the table. “The door remains open for the hacker to return the funds until they are arrested, at which point the offer will be rescinded. Because then, we will be getting 100% of the funds back, and they will go to prison.” The Jimbos Protocol also added that it would soon publish an analysis of the hack. It also revealed that it would be publishing a plan for a future version of the protocol, which would include a recovery plan for users impacted by the attack. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
- Crypto.com joins ranks of licensed payment institutions in Singaporeby Cointelegraph By Amaka Nwaokocha on 1. juni 2023 at 8:41
Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services.
- Crypto.com Receives Digital Token License in Singaporeby Jamie Crawley on 1. juni 2023 at 8:30
The exchange received in-principle approval in Singapore last June.
- Germany’s Deutsche Telekom plugs in as Polygon validatorby Cointelegraph By Gareth Jenkinson on 1. juni 2023 at 8:29
The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon.
- Salesforce Beats Projections in Fiscal Q1 2024, Lifts Full-Year Guidanceby Ibukun Ogundare on 1. juni 2023 at 8:28
Coinspeaker Salesforce Beats Projections in Fiscal Q1 2024, Lifts Full-Year Guidance Although Salesforce raised its earnings forecast for FY24, the revenue prediction remains intact. Salesforce Beats Projections in Fiscal Q1 2024, Lifts Full-Year Guidance
- SBF Wants to Subpoena Documents from Former FTX Law Firm to Beat Fraud Chargesby Tolu Ajiboye on 1. juni 2023 at 8:24
Coinspeaker SBF Wants to Subpoena Documents from Former FTX Law Firm to Beat Fraud Charges Lawyers representing SBF say that these documents from the former FTX law firm contain information that could absolve the former CEO. SBF Wants to Subpoena Documents from Former FTX Law Firm to Beat Fraud Charges
- Crypto Exchange Kraken’s Canada Customer Deposits Rose 25% After Binance Announced Departureby Ian Allison on 1. juni 2023 at 8:14
Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March.
- Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platformby Will Canny on 1. juni 2023 at 8:00
The debt sale was the first of its kind for the French sustainable agriculture business.
- XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculationby Christian Encila on 1. juni 2023 at 7:29
XRP is no stranger to volatility and the excitement it brings. However, when a prominent trader like DonAlt raises the possibility of the crypto reaching the elusive $1 mark, it piques the interest of investors and enthusiasts alike. The last time XRP saw such heights was back in November 2021, and since then, the digital asset has experienced a rollercoaster ride. Now, with DonAlt’s speculation, the question arises: could XRP be on the verge of a major breakthrough? Related Reading: Shiba Inu: What’s Stifling The Meme Coin From Entering A Bullish Market Phase? DonAlt’s Tweet Raises XRP Speculation Earlier today, prominent cryptocurrency trader and influencer, DonAlt, ignited speculation among his followers by tweeting, “Is $XRP finally going to $1?” This tweet has generated increased discussions and debates surrounding XRP’s future price movement, attracting the attention of traders and enthusiasts alike. Is $XRP finally going to $1? — DonAlt (@CryptoDonAlt) May 31, 2023 In recent developments, XRP, the native coin of Ripple, has been displaying promising signs, as evidenced by remarkable spikes in address activity observed over two consecutive days. This surge in address activity indicates a heightened level of interest and engagement with the cryptocurrency. Such an occurrence potentially signifies an upward trend for XRP, suggesting a possible decoupling from the broader altcoin market. Source: Coingecko According to data from CoinGecko, the current price of XRP stands at $0.505016. However, the past 24 hours witnessed a minor setback for the cryptocurrency, as it experienced a slump of 2.1%. BTCUSD falls back into the $26K region. Chart: TradingView.com Despite this temporary dip, XRP has demonstrated resilience and noteworthy performance over the last seven days, recording impressive gains of 12.0%. This positive trend indicates the potential for XRP to rebound and regain its value. Potential Implications For XRP’s Future As SEC Battle Nears Conclusion The long-awaited conclusion of the Securities and Exchange Commission (SEC) lawsuit against Ripple, the company behind XRP, appears to be just around the corner. Brad Garlinghouse, the CEO of Ripple, recently expressed his belief that the lawsuit will reach a resolution in “weeks, not months.” This news has generated significant excitement and anticipation among XRP holders and the broader cryptocurrency community. Related Reading: XRP Flows Strong With 13% Gain, Fueled By Bullish Market Indicators With the lawsuit’s conclusion looming, market observers and investors are eagerly awaiting the outcome and its potential impact on XRP’s price and market dynamics. The prevailing sentiment suggests that a favorable resolution for Ripple could serve as a catalyst for a surge in XRP’s value, potentially propelling it to new heights. Positive Market Sentiment And Investor Confidence The conclusion of the SEC lawsuit could also have broader implications for the market sentiment toward cryptocurrencies, particularly in relation to regulatory clarity. A favorable outcome for Ripple would signal a more positive regulatory environment for digital assets, potentially boosting investor confidence in the cryptocurrency market as a whole. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from Pictorem.com
- Multichain CEO Unreachable As Protocol’s Problems Continueby Amara Khatri on 1. juni 2023 at 7:25
There seems to be no end to the problems at Multichain, with the team unable to reach the protocol’s CEO and gain the necessary server access for maintenance works. The Multichain team has been trying its level best to keep the protocol running. Where Is The Multichain CEO? Last week, rumors that Chinese authorities had arrested several Multichain executives began doing the rounds. According to the rumors, the arrested executives included Zhaojan, the protocol’s Chief Executive Officer. While the integrity of these reports has not yet been confirmed, and the authorities have neither confirmed nor denied the reports, Binance responded to the news and suspended specific token deposits. Multichain has been facing days of continued outages, with several transactions in limbo due to multiple cross-chain pathways that are offline. Furthermore, it was also rumored that law enforcement officials have taken control of a wallet containing $1.6 billion belonging to Multichain, according to several Twitter accounts. “According to the rumors earlier today in the Chinese community, it is said that the core members of the Multichain team were arrested by Chinese police, and the cold wallet was controlled, involving about $1.5 billion in funds.” Problems Continue According to Multichain’s Twitter account, the problems currently facing the protocol began on Monday, with the team stating that the protocol has been experiencing several issues thanks to unforeseen circumstances. The team stated that despite the team’s best efforts to maintain the protocol and keep it running, they could not reach their CEO to access critical servers and carry out maintenance. “In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance.” According to the team, the latest set of issues was triggered by problems arising from a network of nodes within the Multichain protocol. This was impacting cross-chain services for several blockchains, including PublicMint, Dyno Chain, Keychain, Dexit, Red Light Chain, Ekta, ONUS, HPB, Omax, Planq, and Findora. “This afternoon, there was an issue with the scanning node network of Router5, which has affected the normal cross-chain service of some chains. Furthermore, this problem is beyond the team’s current permissions and ability. In order to protect the interests of our users, we have decided to suspend the corresponding cross-chain service for the affected chain on the UI. Last week, the same issue happened on Router2.” MULTI Token Relatively Unaffected Over Past 24 Hours The Multichain team has asked partners to stop calling smart contracts running on Multichain until they can get the permissions to access the protocol servers. Despite the gloomy news, the protocol’s MULTI token has fared relatively well, reporting an increase of over 3%. Currently, the token is trading at $4.07. However, the token has lost over 19% of its value since Multichain’s problems began. Multichain was previously known as Anyswap before suffering a major exploit in 2021. However, it made a strong recovery, becoming one of the largest blockchain bridges in the crypto space, with transaction volumes hitting the $100 billion mark. Multichain facilitates the exchange of tokens across several major networks, including Polygon, Ethereum, Binance Chain, and Avalanche. Head of product at Coinbase, Conor Grogan, tweeted that the problems at Multichain will impact only a small number of users, highlighting the low transaction outputs on the networks. Crypto Twitter is also nervous about rumors that Gate.io is facing liquidity issues, although the company has denied the reports. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
- Investment Bank Cowen Closes Crypto Asset Division Following Acquisition: Reportby Martin Young on 1. juni 2023 at 7:14
Another financial institution has got cold feet on crypto as the business climate in the United States becomes increasingly hostile.
- LBank Exchange Will List Floxypay (FXY) on Jun 1, 2023by Crypto Daily on 1. juni 2023 at 7:10
Road Town, BVI, June 1st, 2023, ChainwireLBank Exchange, a global digital asset trading platform, will list Floxypay (FXY) on Jun 1, 2023. For all users of LBank Exchange, the FXY/USDT trading pair will be officially available for trading at 10:00 UTC on Jun 1, 2023.Floxypay, a crypto platform designed to facilitate cryptocurrency exchange, crypto wallet management, and seamless integration with the travel industry for hotel and flight bookings using cryptocurrencies. Its native token, FXY, will be listed on LBank Exchange at 10:00 UTC on Jun 1, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives.Introducing FloxypayLBank Exchange is thrilled to announce the upcoming listing of Floxypay (FXY), a crypto assets trading platform for facilitating cryptocurrency-related transactions, crypto wallet management, and seamless integration with the travel industry for hotel and flight bookings using cryptocurrencies.FloxyPay offers top-class crypto payment solutions that can catapult businesses to success by providing seamless global payment experiences. With a focus on both crypto and fiat currencies, FloxyPay ensures that customers have a secure and efficient payment process.FloxyPay offers a seamless global crypto payment experience, accepting and processing cryptocurrencies from anywhere. With diverse solutions, flexible 24/7 support, and scalable API integration, businesses can manage crypto payments effortlessly. FloxyPay ensures independent, transparent transactions with no chargebacks and multiple crypto options. Their global payment gateway guarantees secure transactions, low fees, and multi-currency support. For gaming businesses, FloxyPay provides fraud prevention and customized payment solutions. FloxyPay will also offer a user-friendly multi-cryptocurrency wallet with enhanced security features in the near future.About FXY TokenBased on Polygon ERC-20, FXY has a total supply of 100 billion (i.e. 100,000,000,000) tokens. Holding and utilizing FXY tokens unlocks a range of exciting benefits, creating a rewarding experience for the platform users. It will be listed on LBank Exchange at 10:00 UTC on Jun 1, 2023, investors who are interested in FXY can easily buy and sell it on LBank Exchange by then. The listing of FXY token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.Learn More about FXY Token:Official Website | Telegram | Twitter | LinkedIn | Medium | Facebook | Instagram | ContractAbout LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. Limitedmarketing@lbank.info
- Revolutionary Crowdfunding Platform for AI Startups InQubeta Launches QUBE Presaleby Chainwire on 1. juni 2023 at 7:06
[PRESS RELEASE – Mahe Island, Beau Vallon, Seychelles, May 31st, 2023] InQubeta, a pioneering platform in the crypto crowdfunding space, is thrilled to announce the launch of its innovative ecosystem powered by the QUBE token. Designed to revolutionize the investment landscape for AI startups, InQubeta offers users the opportunity to participate in crowdfunding campaigns in
- Huobi Joins HKVAC as First Member to Fuel Hong Kong’s Ambition to be a Global Web3 Hubby Chainwire on 1. juni 2023 at 7:04
[PRESS RELEASE – Singapore, Singapore, May 31st, 2023] Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an organization dedicated to providing credit ratings for crypto asset exchanges and trading products. Huobi aims to develop a venture capital database that caters to the needs of the
- Ripple announces CBDC platform, DigiToads can top charts in 2023by Guest Post on 1. juni 2023 at 7:00
The article looks at the potential returns of DigiToads and how Ripple's price will likely be affected by its new CBDC platform
- Nifty News: Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and moreby Cointelegraph By Brian Quarmby on 1. juni 2023 at 6:11
Epic Games is planning to list NFT games on its store, while the second 3AC NFT auction is slated to take place this month at Sotheby’s.
- Australia asks if ‘high-risk’ AI should be banned in surprise consultationby Cointelegraph By Jesse Coghlan on 1. juni 2023 at 5:59
The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector.
- AI Chatbot trained on Satoshi’s legacy allows talking to bitcoin creatorby Yana Khlebnikova on 1. juni 2023 at 5:52
Pierre Corbin and Hugo Ferrer, co-developers and enthusiasts of artificial intelligence, have introduced an AI chatbot named ‘Talk2Satoshi’. The bot is designed to replicate the insights of bitcoin’s (BTC) enigmatic creator, Satoshi Nakamoto, answering queries about crypto and economics in…
- ONFO coin CEO found dead in United Statesby Yana Khlebnikova on 1. juni 2023 at 5:39
The co-founder of ONFO coin, a referral-based cryptocurrency project, Dr. John Forsyth, was found dead with an apparent gunshot wound, about a week after his disappearance. Police reportedly informed the family of his passing away on late May 30. Despite…
- Winklevoss twins’ crypto exchange Gemini to seek UAE crypto licenseby Cointelegraph By Tom Mitchelhill on 1. juni 2023 at 5:09
The United-States-based cryptocurrency exchange is now seeking a license in the United Arab Emirates as it seeks to escape “hostility and [a] lack of clarity” on regulations in the U.S.
- Japanese AI experts raise concern over bots trained on copyrighted materialby Cointelegraph By Brian Quarmby on 1. juni 2023 at 5:00
Japanese lawmaker Takashi Kii says he is pushing for regulation to protect copyright holders from being infringed on by artificial intelligence algorithms.
- BNB Price Prediction: Risk of Sharp Drop Below $300by Aayush Jindal on 1. juni 2023 at 4:36
BNB price (Binance coin) is moving lower below the $310 support against the US Dollar. The bears could gain strength if there is a close below $300. Binance coin price is moving lower from the $318 resistance against the US Dollar. The price is now trading below $310 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $310 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could accelerate lower if it breaks the $300 support zone. Binance Coin Price Tops Again This past week, BNB price attempted an upside break above the $318 resistance. However, the bulls struggled to gain strength above $318, similar to Bitcoin and Ethereum. A high is formed near $317.1 and the price started a fresh decline. There was a clear move below the $312 and $310 levels. There was also a break below a key bullish trend line with support near $310 on the 4-hour chart of the BNB/USD pair. BNB price is now trading below $310 and the 100 simple moving average (4 hours). A low is formed near $303.2 and the price is now consolidating losses. On the upside, BNB is facing resistance near the $306.5 level. It is close to the 23.6% Fib retracement level of the downward move from the $317.1 swing high to the $303.2 low. The first major resistance is near $310 and the 100 simple moving average (4 hours). Source: BNBUSD on TradingView.com It is close to the 50% Fib retracement level of the downward move from the $317.1 swing high to the $303.2 low. The next major resistance is near $315. A clear move above the $315 resistance might start a steady increase. The next major resistance is near the $318 level, above which the price might rise toward the $325 resistance. More Losses in BNB? If BNB fails to clear the $310 resistance, it could continue to move down. Initial support on the downside is near the $303 level. The next major support is near the $300 level. If there is a downside break below the $300 support, there could be an extended decline toward the $292 support. Any more losses could send the price toward the $284 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $303, $300, and $284. Major Resistance Levels – $307, $310, and $315.
- Chinese Police Detain Team Behind Yuan-Backed CNHC Stablecoin: Reportby Mandy Williams on 1. juni 2023 at 4:32
People familiar with the matter said the company's cross-border payment business could be the reason for the arrest.
- Missing ‘Bitcoin Millionaire’ and ONFO coin co-creator found dead: Reportby Cointelegraph By Martin Young on 1. juni 2023 at 4:26
The body of Dr. John Forsyth has been found following a week-long search but police reportedly said foul play did not appear to be a factor.
- Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920by Aayush Jindal on 1. juni 2023 at 4:10
Ethereum price started another decline from the $1,920 resistance against the US Dollar. ETH is at a risk of more losses if it stays below $1,920 for a long time. Ethereum is now showing bearish signs and well below the $1,920 resistance zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1,840 support. Ethereum Price Faces Rejection Ethereum’s price started a fresh decline after it failed to clear the $1,920 resistance zone. ETH declined below the $1,880 level to move into a short-term bearish zone, similar to Bitcoin. There was a sharp move below the $1,860 level. The price even tested the $1,840 support. A low is formed near $1,838 and the price is now consolidating losses. It is testing the 50% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low. Ether is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,870 on the hourly chart of ETH/USD. Immediate resistance is near the $1,865 zone. It is close to the 76.4% Fib retracement level of the recent decline from the $1,882 swing high to the $1,838 low. The next major resistance is near the $1,880 level. A proper move above the $1,865 and $1,880 resistance levels might send Ether toward $1,900. Source: ETHUSD on TradingView.com The next resistance sits near $1,920, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone might send the price toward the $2,120 resistance. More Losses in ETH? If Ethereum fails to clear the $1,880 resistance, it could continue to move down. Initial support on the downside is near the $1,840 level. The next major support is near the $1,820 zone. If there is a close below the $1,820 support, the price could decline toward the $1,800 support. Any more losses may perhaps send the price toward the $1,740 level or even $1,720 in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $1,840 Major Resistance Level – $1,880
- Bitcoin Price Takes Hit – Upsides Turn Attractive To Sellersby Aayush Jindal on 1. juni 2023 at 3:04
Bitcoin price started a fresh decline below the $27,500 support. BTC is now showing a lot of bearish signs below the $27,400 pivot level. Bitcoin started a fresh decline and tumbled below the key $27,500 support zone. The price is trading below $27,550 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $27,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above the $27,500 resistance. Bitcoin Price Drops Again Bitcoin price failed to start a fresh increase above the $28,000 resistance zone. BTC started a fresh decline and traded below the key $27,500 support zone. There was a clear move below the $27,400 level and the 100 hourly Simple moving average. The price even dived below the $27,000 level and traded close to the $26,500 support. A low is formed near $26,571 and the price is now consolidating losses. Bitcoin price is trading below $27,550 and the 100 hourly Simple moving average. There is also a major bearish trend line forming with resistance near $27,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $26,920 level. It is close to the 50% Fib retracement level of the recent decline from the $27,287 swing high to the $26,571 low. The next major resistance is near the $27,100 level. The stated resistance is near the 76.4% Fib retracement level of the recent decline from the $27,287 swing high to the $26,571 low. The main resistance is near the $27,500 level. Source: BTCUSD on TradingView.com An upside break and close above $27,500 could start a steady increase toward $28,000. If the bulls manage to clear the $28,000 resistance zone might send the price toward the $28,500 resistance zone. More Losses in BTC? If Bitcoin’s price fails to clear the $27,100 resistance, it could continue to move down. Immediate support on the downside is near the $26,550 level. The next major support is near the $26,500 zone, below which the price might gain bearish momentum. In the stated case, the price could drop toward the $26,000 support. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $26,550, followed by $26,500. Major Resistance Levels – $27,100, $27,400, and $27,500.
- Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?by Cointelegraph By Tom Mitchelhill on 1. juni 2023 at 2:43
The United States’ debt ceiling is one step closer to being raised, but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin.
- Satoshi Nak-AI-moto: Bitcoin's creator has become an AI chatbotby Cointelegraph By Jesse Coghlan on 1. juni 2023 at 2:38
The bot is a ChatGPT model that’s so far only been trained on Satoshi Nakamoto’s public writings and a handful of Bitcoin-related source materials.
- First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation...by James Rubin, Glenn Williams on 1. juni 2023 at 2:02
ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?
- First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick Inby Sam Reynolds on 1. juni 2023 at 2:00
The stablecoin is issued by a registered trust owned by First Digital.
- Gate.io denies rumors of withdrawal issues following Multichain’s unrelated crisisby Mike Dalton on 1. juni 2023 at 1:31
Crypto exchange Gate.io said on May 31 that its operations have not been impacted by other events, contrary to rumors circulating in the community. Gate.io reports zero issues Gate.io said that its withdrawals are working and that operations are healthy. It said that there are “no issues with our operations or withdrawals as rumored.” Speculation The post Gate.io denies rumors of withdrawal issues following Multichain’s unrelated crisis appeared first on CryptoSlate.
- Investment bank TD Cowen shuts crypto unit a year after openingby Cointelegraph By Brian Quarmby on 1. juni 2023 at 1:07
Days after Digital Currency Group's TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit's closure.
- Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin?by Andrew Throuvalas on 1. juni 2023 at 0:45
The Federal Reserve might “skip” a rate hike this June as pressure mounts on banks and indebted businesses.
- Nansen Slashes 30% of Work Force, Aims to Prioritize Sustainable Businessby Chayanika Deka on 31. maj 2023 at 23:45
Despite the layoff, Nansen's CEO is optimistic about the future of the "young and learning" organization.
- Bitcoin, Crypto Prices Brace for Downturn in Coming Liquidity Shock, Observers Sayby Krisztian Sandor on 31. maj 2023 at 23:45
Improving liquidity conditions so far this year has lifted risk assets such as cryptocurrencies, but the trend is poised to turn once the U.S. debt ceiling is lifted and the Treasury along with the Fed resumes tightening, analysts said.
- Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTsby Cointelegraph By Brian Quarmby on 31. maj 2023 at 23:30
Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible.
- Jimbos Protocol turns to law enforcement after hacker ignores $800K bountyby Mike Dalton on 31. maj 2023 at 22:57
Jimbos Protocol said May 31 that the hacker responsible for a recent attack has not responded to its bounty offer and it will now turn to law enforcement. The protocol was hacked for 4000 Ethereum (ETH), or roughly $7.5 million, via a flash loan exploit on May 28. Jimbos Protocol tweeted: ” We’ve spoken about The post Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty appeared first on CryptoSlate.
- Elizabeth Warren highlights crypto’s role in fentanyl trade; plans to combat with billby Mike Dalton on 31. maj 2023 at 22:33
Senator Elizabeth Warren said during a May 31 Senate hearing that she aims to combat cryptocurrency’s role in the illegal fentanyl trade. Fentanyl trade Warren said to the Senate Banking Committee: “Crypto is supposedly banned in China … but more than 90 companies based in China are raking in tens of millions of dollars worth The post Elizabeth Warren highlights crypto’s role in fentanyl trade; plans to combat with bill appeared first on CryptoSlate.
- Did The US SEC Just Endorse Ethereum After This Settlement?by Dalmas Ngetich on 31. maj 2023 at 22:30
On May 30, the United States Securities and Exchange Commission (SEC) announced that Ishan Wahi, the former Coinbase product manager, and his brother, Nikhil Wahi, had agreed to settle charges brought forth by the regulator accusing them of engaging in an insider trading scheme. SEC Settlement With Former Coinbase Product Manager In this way, the two defendants also agreed that their actions violated Section 10(b) of the Securities Exchange Act. Accordingly, Ishan has been sentenced to two years in prison, while his brother, Nikhil, will serve ten months behind bars. In a statement, the SEC also said the former Coinbase product manager forfeited 10.97 ETH and 9,440 USDT. On the other hand, Nikhil has submitted to the state 892,500 USDT. Related Reading: Russia scraps plans for a national cryptocurrency exchange, as HedgeUp (HDUP) Prepares for world Domination migrating on Stellar This is part of the settlement and forfeiture of securities the SEC said were ill-gotten. The case was settled roughly a year after the SEC filed the suit at the District Court for the Western District of Washington, accusing the former Coinbase product manager of using confidential information to benefit from trading crypto assets, most of which, the regulator claims, were securities. According to the Director of the SEC’s Division of Enforcement, Gurbir S. Grewal, their actions amounted to insider trading. Grewal stated: While the technologies at issue, in this case, may be new, the conduct is not. We allege that Ishan and Nikhil Wahi, respectively, tipped and traded securities based on material nonpublic information, and that’s insider trading, pure and simple. How Will The SEC Handle Ethereum? While the SEC succeeded, questions are being asked about how the regulator will allow the forfeiture of those digital assets, including Ethereum, in a way that the regulator considers legal and lawful. Though there is an argument that all assets received from the two brothers will be forfeited to the Department of Justice (DoJ), some maintain that the SEC must first confirm receipt. Recently, Gary Gensler, the chairman of the SEC, failed to clarify whether Ethereum, like Bitcoin, is a commodity that should be treated as a property and its capital gains tax. While in front of the House Financial Services Committee, Gensler repeatedly said the agency was learning more about Ethereum. This didn’t help ETH since a clear endorsement from the SEC, the principal regulator, could lead to regulatory clarity, possibly driving prices and on-chain activity. SEC’s position differs from the Commodity Futures Trading Commission (CFTC), which classifies Bitcoin, Ethereum, and Litecoin as commodities, not securities. Related Reading: Car Rental Owner Arrested In Bali For Accepting Crypto Payments Still, a statement from the SEC declaring ETH a commodity is much awaited by the community and could help prices. In late 2020, the SEC sued payment company Ripple and its executives, claiming XRP is an unregistered security. A ruling on this case is expected in the coming few months. Feature Image From Canva, Chart From TradingView
- Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Cultureby Cam Thompson on 31. maj 2023 at 22:03
Behind every PFP with thousands of followers on Twitter is a person. And in Web3, it’s not always best to trust one person’s word on whether or not to mint into an NFT collection.
- Gate.io denies liquidity problems after Multichain CEO goes missingby Cointelegraph By Tom Blackstone on 31. maj 2023 at 21:58
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations.
- Bybit Pulls Out of Canada Amid New Crypto Regulations by Mandy Williams on 31. maj 2023 at 21:39
Bybit becomes the latest cryptocurrency exchange to pull out of the Canadian market.
- Binance responds to layoff rumors, denies 20% staff cutby Anthonia Isichei on 31. maj 2023 at 21:37
Binance, the world's largest crypto exchange by market capitalization, responded to rumors about the company cutting its staff by 20%.
- XRP Breaks 2-Year Trendline: Is A 500x Surge On The Horizon?by Ronaldo Marquez on 31. maj 2023 at 21:30
XRP, one of the top cryptocurrencies by market capitalization, has been bullish since May 26th, outperforming most of the top 10 cryptocurrencies. This surge in price comes as investors have high expectations for the outcome of the ongoing SEC vs. Ripple Labs case. Related Reading: Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors? XRP Shatters 2-Year Trendline The recent uptrend in XRP is particularly significant as the cryptocurrency has just broken through a two-year trendline, a key technical indicator for traders and investors, according to the trader Jaydee. Per the analysis of Jaydee, In 2017, XRP experienced a significant breakout when it surpassed a two-year trendline. This breakout led to a massive increase in value for the cryptocurrency, with XRP seeing a surge of 504x over just one year. This means that if an investor had purchased XRP at the start of 2017, they would have seen a return on investment of more than 50,000% by the end of the year. If XRP were to experience a similar surge in value today, with the cryptocurrency currently trading at $0.5116, it could reach a value of $258 by 2024. However, it’s important to note that predicting future price movements in cryptocurrency markets is highly challenging, and many factors could impact the value of XRP. For example, the ongoing SEC vs. Ripple Labs case could significantly impact the token’s future price movements. If the case is resolved in Ripple Labs’ favor, it could lead to increased adoption and investment in XRP. On the other hand, if the case is decided against Ripple Labs, it could lead to a decrease in demand for the cryptocurrency and a drop in its value. However, Jaydee believes that the cryptocurrency will not experience a surge of 504x shortly. According to the analyst, XRP’s market cap is too high to support such a significant increase in value. The token has a market cap of over $26 billion, making it the sixth-largest cryptocurrency by market capitalization. Despite these uncertainties, many investors remain bullish on XRP’s prospects. The cryptocurrency has already seen significant adoption within the financial industry, with many major banks and payment processors using XRP for cross-border transactions. Key Indicators Point To Significant Growth Potential According to the Average Sentiment Oscillator (ASO), the current set-up for XRP is highly bullish, with several key indicators pointing toward a strong upward trend in price. One key factor contributing to this bullish sentiment is the high volatility of XRP’s market depth, indicating significant interest and demand for the cryptocurrency. Additionally, the current trend’s strength is strong, with a bullish cross indicating that XRP is likely to continue its upward trajectory, per a recent analysis by Egrag Crypto. While XRP has been ascending in the price for almost four months, there is still a major resistance level known by Egrag as the ‘Final Wake Up Line’ that XRP has yet to break through. However, even if the token experiences a minor correction after a 20% pump, there are still possible support levels at $0.4810 and $0.4277 that could prevent a significant drop in value, according to Egrag Crypto’s latest analysis. Related Reading: Coinbase CEO Drops Bombshell Prediction – Is China Set To Dominate Crypto? If XRP does dip below these support levels, it is considered normal and not necessarily a cause for concern as long as it respects its below lines as strong support in the near term. This support box could act as a key area of stability for XRP, allowing it to continue its upward trend in price. Featured image from iStock, chart from TradingView.com
- SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defenseby Cointelegraph By Derek Andersen on 31. maj 2023 at 21:15
The prosecution and FTX debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.
- Microsoft’s CSO says AI will help humans flourish, cosigns doomsday letter anywayby Cointelegraph By Tristan Greene on 31. maj 2023 at 21:00
Eric Horvitz penned a blog post lauding the transformative nature of AI on the same day he cosigned a document warning it could threaten humanity’s very existence.
- Jimbos Protocol to Work With U.S. Homeland Security to Help Recover $7.5M From Flash Loan Exploitby Sage D. Young on 31. maj 2023 at 20:55
The team is opening more cases in other jurisdictions and offering a roughly $800,000 bounty to the general public for information on the exploiter.
- Pepecoin (PEPE) price action points to a potential 70% dropby Cointelegraph By Yashu Gola on 31. maj 2023 at 20:45
A bearish chart pattern suggests that PEPE could shave off another 70% in value, especially if the wider market continues to trend down.
- Avalanche Bridge To Ethereum Records A 70% Drop In Value Transfer, Concern For AVAX Price?by Dalmas Ngetich on 31. maj 2023 at 20:30
The amount of funds flowing through the Avalanche Bridge is down 70% in the last 24 hours, DeFiLlama data on May 31 shows. 70% Drop In Activity In The Avalanche Bridge To Ethereum Over the past day, the bridge has facilitated $2,634,828 worth of transactions and processed $22.4 million in transfers in the last week. The bridge has processed 278 transactions in the past day, totaling around $2.6 million. It shows a sharp decrease in activity between Ethereum and Avalanche, among the world’s largest smart contract platforms. Related Reading: Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors? The Avalanche Bridge connects the Avalanche’s C-Chain, one of the three interoperable blockchains defining the low-finality platform, with Ethereum. Since C-Chain is compatible with the Ethereum Virtual Machine (EVM), assets can be smoothly transferred from Avalanche to Ethereum and vice versa. The compatibility with the EVM coupled with the decentralization of the bridge means users can move funds between the two blockchains securely. Avalanche, unlike Ethereum, is explicitly designed for decentralized finance (DeFi) dApps. It boasts high processing speeds, relatively low fees, and is decentralized. However, it lags Ethereum in activity, judging from the total value locked (TVL). According to DeFiLlama data, over $26.5 billion of the approximately $48 billion of all DeFi TVL is managed by dapps on Ethereum. More Assets Moved Between Avalanche And Bitcoin Notably, while there is a worrying contraction in the number of transactions and value between Avalanche and Ethereum, the Avalanche Core Bitcoin Bridge is booming. On May 31, there was a significant increase in transfers and value, with a spike of 2,726%. Within 24 hours, assets worth over $6.5 million were transferred through the bridge. This is roughly half the average weekly transfers which stand at $13.81. Bitcoin transferred to the Avalanche C-Chain from the Bitcoin network is tokenized and is compliant with the ERC-20 standard. In that case, it can be moved to Ethereum and used to participate in DeFi. Related Reading: Coinbase CEO Drops Bombshell Prediction – Is China Set To Dominate Crypto? Scanning the activities stemming from Avalanche to Bitcoin and Ethereum, the disparity could suggest that more users are moving their assets to and from Bitcoin. However, no direct fundamental event could explain why more users are bridging tokens from Bitcoin and cutting down engagement with Ethereum. In the last 24 hours, Bitcoin, Ethereum, and Avalanche prices have been under pressure, falling from recent highs. To illustrate, AVAX is down 6% from May 28 highs, extending losses from mid-April. AVAX is down 35% in the last six weeks and retesting March 2023 lows. AVAX may slip below a critical multi-week support level if sellers double down. In that case, it could drop to December 2022 lows at around $10. Feature Image From Canva, Chart From TradingView
- Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in Chinaby Cointelegraph By Turner Wright on 31. maj 2023 at 20:30
“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone," said the Massachusetts senator, citing an Elliptic report.
- Covering the 2024 Presidential Electionby Nikhilesh De on 31. maj 2023 at 20:30
It gives me no pleasure to report that less than six months into this Congressional term, the 2024 election season has become fully underway. Florida Governor Ron DeSantis (R) officially declared his candidacy last week, though he appears to have been laying the groundwork (campaigning) for quite some time. Crypto hasn’t been an issue in any previous presidential election, and barely popped its head up during the last few midterms. But as CoinDesk prepares to cover the next roughly 18 months, it looks increasingly likely that this industry will pop its head up.
- Multichain unable to contact CEO, has no access to project serversby Mike Dalton on 31. maj 2023 at 20:25
The team behind cross-chain protocol Multichain said May 31 that they are unable to contact their CEO, who is known only as Zhaojun. As a result of the executive’s absence, the team said it is unable to access project servers. CEO is AWOL Zhaojun’s Twitter account has not displayed any activity since May 24, and there The post Multichain unable to contact CEO, has no access to project servers appeared first on CryptoSlate.
- Welcome, Crypto, to the Fiery Cauldron of U.S. Presidential Politicsby Jesse Hamilton on 31. maj 2023 at 20:24
Whether the crypto industry wants the spotlight or not, digital assets are among the earliest talking points in the 2024 U.S. presidential election, with the most prominent of the new candidates even invoking bitcoins in his campaign opener as evidence of President Joe Biden’s missteps.
- Revolutionary Crowdfunding Platform For AI Startups, InQubeta launches QUBE Presaleon 31. maj 2023 at 20:18
- Revolutionary Crowdfunding Platform For AI Startups, InQubeta launches QUBE Presaleby Crypto Daily on 31. maj 2023 at 20:18
Mahe Island, Beau Vallon, Seychelles, May 31st, 2023, ChainwireInQubeta, a pioneering platform in the crypto crowdfunding space, is thrilled to announce the launch of its innovative ecosystem powered by the QUBE token. Designed to revolutionize the investment landscape for AI startups, InQubeta offers users the opportunity to participate in crowdfunding campaigns in it's NFT marketplace.InQubeta stands out in the blockchain industry by providing a dynamic environment for users to back and invest in AI startups using QUBE tokens. Through the platform, each listed startup is transformed into an NFT and fractionalized, allowing investors of all sizes to participate. Upon successful funding, investors can share in the startup's profits through returns paid in QUBE tokens. The entire process is transparent, secure, and backed by the power of blockchain technology.To ensure the utmost quality and value for investors, InQubeta employs rigorous vetting procedures for startups seeking listing on their NFT marketplace. Additionally, the platform equips investors with valuable resources, including insights from experienced stakeholders and AI technology experts, enabling informed decision-making through comprehensive research and analysis.At the core of InQubeta's ecosystem lies the QUBE token, an ERC-20 utility and governance token. QUBE grants holders access to invest in AI startup projects listed on the platform's NFT marketplace. With deflationary properties, QUBE tokens provide long-term potential benefits to investors through a 2% buy-and-sell tax allocated to a burn wallet and a 5% sell tax directed to a reward pool. Moreover, QUBE token holders actively participate in governance, shaping the future of InQubeta by contributing to key proposals.Security is a paramount concern, and InQubeta takes it seriously. The QUBE token has undergone an extensive security audits by leading firm Hacken and KYC verification by Block Audit, providing peace of mind to investors and ensuring users' funds are protected from potential breaches.Currently, the QUBE token is available in its presale phase, offering investors the opportunity to purchase tokens at the current lowest possible price directly from the official InQubeta website. The presale is designed to be investor-friendly, with a minimum investment amount of $50, making QUBE tokens accessible to everyone. Supported payment options include but are not limited to ETH, USDT, BNB, BUSD, and BTC. Following the presale, QUBE token holders can stake their assets via InQubeta's staking dapp, to earn potential rewards from the buy and sell taxes allocated to the reward pool.InQubeta's cutting-edge crowdfunding ecosystem, impressive tokenomics, and commitment to security position it for success in the evolving landscape of AI investments.To join the InQubeta presale, please visit inqubeta.aiAbout InQubetaInQubeta is a crypto crowdfunding NFT marketplace that enables users to invest in AI startup projects using the QUBE token. Through its innovative platform, InQubeta aims to revolutionize the investment landscape for AI startups, providing investors a transparent and rewarding experience.ContactInQubeta TeamInQubetainfo@inqubeta.ai
- Bitcoin outshines oil on increase in value since 2010by James Van Straten on 31. maj 2023 at 20:14
In a world of increasing inflation, is denominating Bitcoin in USD still the best approach? Exploring an alternative method, this paywalled article delves into a unique comparison between Bitcoin and a well-known commodity, revealing a fascinating trend. As the value of one Bitcoin reaches an equivalence to 306 barrels of oil, a remarkable insight emerges, showing Bitcoin's true value skyrocketing by... The post Bitcoin outshines oil on increase in value since 2010 appeared first on CryptoSlate.
- TradFi Giant TP ICAP Brings Crypto Spot Trading to Institutional Investorsby Brandy Betz on 31. maj 2023 at 20:05
The Fusion Digital Assets marketplace opened for trading last week offering trading in bitcoin and ether against the U.S. dollar.
- The Debate Around “Cursed” Ordinal Inscriptionsby Craig Deutsch on 31. maj 2023 at 20:00
Inscriptions that do not get indexed by the ord protocol are known as “cursed,” but whether or not to include them is an ongoing conversation.
- Multichain team cannot locate CEO, halts service for affected chainsby Cointelegraph By Ana Paula Pereira on 31. maj 2023 at 19:45
Cross-chain services are suspended for Kekchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, HPB, Onus, Omax, Findora and Planq.
- IRS Can Access Your Coinbase Trade Records, John Doe Summons Validby Emily Tonelli on 31. maj 2023 at 19:40
A U.S. Federal court has confirmed that the Internal Revenue Service (IRS) holds the authority to demand user data from Coinbase, a leading cryptocurrency exchange. The verdict dismissed constitutional objections...
- NFT Artist Fewocious Reveals Upcoming Collection “Fewos”by Cam Thompson on 31. maj 2023 at 19:39
The collection consists of 20,000 Fewos, or characters in the Fewocious’ Web3 universe Fewoworld, and will be available to mint in late August.
- Tether expands reach in Georgia through investment in CityPay.ioby Cointelegraph By Judith BannermanQuist on 31. maj 2023 at 19:30
The partnership seeks to enhance the payment industry in Georgia by introducing heightened efficiency.
- EU officials sign Markets in Crypto-Assets framework into lawby Cointelegraph By Turner Wright on 31. maj 2023 at 19:15
First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states.
- Why This Is The Most Important Bitcoin Chart You’ll See This Weekby Tony "The Bull" on 31. maj 2023 at 19:03
Bitcoin price action is at an impasse. Bulls and bears are divided as to what happens next, leading to months of consolidation. It could all come down to the next few days, according to the most important BTCUSD price chart you’ll see this week. The chart shows just how critical the stalemate in crypto markets is currently, and why this week could be the end of the indecision. Bitcoin Momentum Takes A Pause, But What’s Next? In technical analysis, the velocity of price increases or decreases can be measured by momentum. Various tools exist that get the job done, including the Moving Average Convergence Divergence indicator. The tool is designed to give overbought and oversold signals, plus buy and sell signals based on crossovers of the signal and MACD lines. Passing through the zero line is also an indication of momentum strengthening, as well as the underlying trend. Related Reading: Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally It is for all these reasons and more that the chart below is so important. The chart consists of BTCUSD on the one-week timeframe. Underneath the price action is the LMACD – a logarithmic version of the MACD. The log version allows more comparative analysis between long-term cycles. At just a glance, it is easy to see that the tool appears ready to cross downward, generating a sell signal. The inflection point is visible in the LMACD | BTCUSD on TradingView.com Below The Zero Line: Doom Or Redemption? What’s worse is the fact the sell signal will occur alongside a failure to hold above the zero line on the LMACD. Such a sign of momentum failure would more than likely lead to a retest of current bear market lows across crypto. However, the D in the indicator’s name stands for “divergence.” Signals are generated based on the tool converging or diverging. Diverging upward in Bitcoin, could send the crypto market blasting off higher instead. Related Reading: Down But Not Out: The One Line Bitcoin Must Hold To Be Bullish But beware. It is possible that both situations could happen before the week’s end. The LMACD could cross down and turn the histogram red for the first time in 2023 and shake out those eager to jump the gun on the sell signal. After the shakeout, the tool could diverge up before close and continue to push momentum and price to new highs. Alternatively, the tool could diverge upward at this inflection point, only to later cross back down. What is for certain is that the current lack of a decision in price direction is about to end, according to the LMACD. Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com