Cryptocurrency news

• Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub

  10-05-2023 23:48 via cointelegraph.com
  
  The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.
  
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• S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

  10-05-2023 23:30 via cointelegraph.com
  
  The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling.
  
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• DCG settlement with Genesis still undecided as 30-day mediation period proceeds

  10-05-2023 23:15 via cointelegraph.com
  
  The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation.
  
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• Ether Selling Pressure Post-Shanghai Upgrade Was 'Non-Event,' Says Nansen

  10-05-2023 23:09
  
  The number of staked ether has climbed to 19.55 million, a new all-time high, as ETH staking deposits surpassed withdrawals.
  
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• Cryptocurrency Trading Platforms - Latest News and breaking ... - Benzinga

  10-05-2023 23:09 via news.google.com
  
  Cryptocurrency Trading Platforms - Latest News and breaking ...  Benzinga
  
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• OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

  10-05-2023 23:00 via cointelegraph.com
  
  AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Artificial Intelligence.”
  
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• Arbitrum (ARB) Surges Nearly 10% In The Past 24 Hours, Here’s Why

  10-05-2023 23:00 via newsbtc.com
  
  Arbitrum (ARB), one of the recently launched Ethereum-based Layer 2 scaling solutions, has seen a surge in its price by almost 10% in the past 24 hours. The surge comes when the global crypto market seems to be in an upward trend. However, the Arbiturm spike can be tied to a different factor.
  The recent increase in ARB’s value can be linked to the protocol’s announcement about how it plans to manage the fees generated on its platform.
  Arbitrum Update On DAO Revenue
  In the Twitter ann
  
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• Crypto Derivatives Market Share Hits All-Time High - CoinDesk

  10-05-2023 22:57 via news.google.com
  Crypto Derivatives Market Share Hits All-Time High  CoinDesk
  
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• Crypto Derivatives Market Share Hits All-Time High

  10-05-2023 22:57
  
  Binance continues to be the dominant crypto derivatives trading platform.
  
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• Aragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis

  10-05-2023 22:57
  
  Aragon's governance crisis began to subside Wednesday after the DAO builder's cofounder proposed buybacks, seemingly siding with a key talking point of activist investors.
  
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• Tether has $1.5B in Bitcoin reserves: BDO Italia

  10-05-2023 22:30 via cointelegraph.com
  
  The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.
  
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• IRS claiming $44B from FTX bankruptcy: Report

  10-05-2023 22:04 via cointelegraph.com
  
  The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research.
  
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• ALGO Stands Tall: Coinbase Legal Officer Discusses Its Continued Listing

  10-05-2023 22:00 via newsbtc.com
  
  Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange’s decision to continue offering Algorand (ALGO). 
  The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in its charges against the Bittrex crypto exchange.Notably, Coinbase delisted XRP based on regulatory scrutiny in 2021. But it has yet to do the same with ALGO, even as the cryptocurrency faces a similar
  
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• House lawmakers debate role of SEC, CFTC in cryptocurrency ... - Pensions & Investments

  10-05-2023 21:54 via news.google.com
  
  House lawmakers debate role of SEC, CFTC in cryptocurrency ...  Pensions & Investments
  
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• Cryptocurrency's Inflation Protection Hype Put To The Test: History Found Lacking - Benzinga

  10-05-2023 21:50 via news.google.com
  Cryptocurrency's Inflation Protection Hype Put To The Test: History Found Lacking  Benzinga
  
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• Ethereum derivatives flirting with bearishness: Mind the $1,820 support

  10-05-2023 21:41 via cointelegraph.com
  
  The failed rally above $2,000 on May 6 has proven that ETH bulls are nowhere near comfortable adding leveraged longs.
  
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• Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees

  10-05-2023 21:33
  
  The plan to implement fees on all of Uniswap’s version two liquidity pools, and some of its version three pools, would funnel money to the protocol’s treasury and token holders.
  
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• Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

  10-05-2023 21:26
  
  Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes.
  
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• Extremists Receive Large Ethereum Cryptocurrency Donations - Southern Poverty Law Center

  10-05-2023 21:19 via news.google.com
  
  Extremists Receive Large Ethereum Cryptocurrency Donations  Southern Poverty Law Center
  
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• Pa. lawmakers examine cryptocurrency's waste coal use ... - NPR

  10-05-2023 21:16 via news.google.com
  
  Pa. lawmakers examine cryptocurrency's waste coal use ...  NPR
  
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• US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

  10-05-2023 21:15 via cointelegraph.com
  
  With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice.
  
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• PassimPay: The Next Generation Cryptocurrency Payment Gateway ... - Blockchain Reporter

  10-05-2023 21:13 via news.google.com
  
  PassimPay: The Next Generation Cryptocurrency Payment Gateway ...  Blockchain Reporter
  
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• U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy

  10-05-2023 21:05
  
  The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.
  
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• Tether Smashes Records, $1.48 Billion Profit In Q1- Surplus Over Reserves Hits All-Time High

  10-05-2023 21:00 via newsbtc.com
  
  Tether Holdings Limited, the issuer of the world’s largest stablecoin, USDT, has published its Q1 2023 Assurance Report, attested to by BDO Italia, a top five-ranked global independent public accounting firm. The report re-affirms the accuracy of Tether’s Consolidated Reserves Report (CRR), which details the assets held by the group as of March 31, 2023.
  The CRR includes additional categories for the first time, including physical gold, overnight repo, corporate bonds, and Bitcoin ow
  
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• Cryptocurrency Fantom's Price Increased More Than 3% Within 24 hours - Benzinga

  10-05-2023 21:00 via news.google.com
  Cryptocurrency Fantom's Price Increased More Than 3% Within 24 hours  Benzinga
  
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• Bitcoin Ordinals make their way to Binance: Nifty Newsletter, May 3–9

  10-05-2023 21:00 via cointelegraph.com
  
  At the Metaverse Entertainment Worlds conference, Stephen Castell discussed how blockchain and AI are transforming ethics and banking.
  
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• Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets

  10-05-2023 20:56
  
  The abrupt exit of Jane Street and Jump, two crucial cryptocurrency market makers, has the potential to disrupt the liquidity flow across the industry, according to a Kaiko analyst.
  
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• Milady NFT floor price surges after Elon Musk tweet

  10-05-2023 20:47 via cointelegraph.com
  
  Floor prices for the anime profile picture collection hit a high of 7.8 ETH after Musk's promotion.
  
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• Memes Are Wreaking Havoc on Cryptocurrency Apparently - Yahoo Life

  10-05-2023 20:46 via news.google.com
  Memes Are Wreaking Havoc on Cryptocurrency Apparently  Yahoo Life
  
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• Why is the crypto market down today? BTC briefly slips below $27k

  10-05-2023 20:31 via coinjournal.net
  
  Key takeaways
  The cryptocurrency market is down by roughly 1% over the past 24 hours.
  Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500.
  The dump came due to reports that there was a transaction with the United States government’s BTC wallet.
  Why the crypto market is down today
  The cryptocurrency market recorded a sharp spike in movement a few hours ago. Bitcoin, the world’s leading cryptocurrency by market cap, was trading just above $28k
  
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• Bitcoin Dips Below $27K, Reversing Post-CPI Rally

  10-05-2023 20:13
  
  The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.
  
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• Bitcoin Supply Is Moving From American Holders To Asian Wallets: Glassnode

  10-05-2023 20:00 via newsbtc.com
  
  Data from Glassnode reveals the Bitcoin supply has been observing a shift from wallets based in America to those in Asia recently.
  Bitcoin Supplies Held By Asian And US Investors Have Gone Opposite Ways Recently
  According to data from the on-chain analytics firm Glassnode, an interesting dichotomy has formed between the different regional supplies of the cryptocurrency recently.
  Glassnode has divided the Bitcoin addresses into different regions based on the hours they have been making transactio
  
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• $176M of Do Kwon's assets are frozen: Report

  10-05-2023 20:00 via cointelegraph.com
  
  The frozen assets include an apartment complex, an officetel, several imported cars, and various financial assets.
  
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• Arbitrum's DAO to receive over 3,350 ETH revenue from transaction fees

  10-05-2023 19:30 via cointelegraph.com
  
  Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community.
  
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• Arbitrum’s DAO to receive over 3,350 ETH in revenue from transaction fees

  10-05-2023 19:30 via cointelegraph.com
  
  Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum’s team and its community.
  
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• Crypto price prediction: Bitcoin, Ethereum and KAVA after CPI data

  10-05-2023 19:27 via coinjournal.net
  
  Bitcoin price broke to $28,200 while Ethereum hovered above $1,800 as stocks climbed on US CPI data.
  KAVA price also rose, jumping 11% amid the positive sentiment and increased network activity.
  BTC, ETH and KAVA are trading near key technical levels.The global cryptocurrency market rose 1.8% on Wednesday to $1.2 trillion as investors reacted to the latest US inflation data. The price of Bitcoin (BTC) was up 3% to $28,270 while Ethereum retested levels above $1,800 following recent dumps for th
  
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• From FOMO to JOMO: Web3 Mental Health Collective Peace Inside Live Launches NFT Collection

  10-05-2023 19:08
  
  The collection, which encourages holders to practice the “Joy of Missing Out,” will donate primary sale profits across five mental health organizations in honor of May’s Mental Health Awareness Month.
  
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• Polygon (MATIC) Falls Under Bearish Pressure: Is It a Good Time To Invest?

  10-05-2023 19:00 via newsbtc.com
  
  Polygon Network is one of the top players in the blockchain industry. However, its native token MATIC has steadily declined in the last few weeks. This comes as no surprise as many other altcoins are also experiencing the same downward movement due to negative market sentiment.
  But while the volatility of MATIC’s price can present profitable opportunities for traders, it can also pose a risk for inexperienced investors.
  Current Market Sentiment For MATIC
  In the past day and the previous se
  
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• Elon Musk Tweets a Milady NFT, Floor Price Soars on OpenSea

  10-05-2023 18:36
  
  The CEO of Twitter shared a gif of the counterculture NFT declaring, “There is no meme, I love you,” shooting the collection to the top trending spot on the marketplace.
  
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• HCW analyst raises price target on Coinbase stock after its strong Q1 report

  10-05-2023 18:32 via coinjournal.net
  
  Coinbase reported strong results for its first financial quarter last week.
  HCW analyst Mike Colonnese now sees upside in “COIN” to $77.
  Coinbase stock is already up about 85% versus the start of the year.Coinbase Global Inc is trading up this morning after an H.C. Wainwright analyst raised his price objective on the largest U.S. based crypto exchange.
  Coinbase stock has upside to $77
  Mike Colonnese now sees upside in the Coinbase stock to $77 that suggests it could climb another 25
  
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• PayPal’s Cryptocurrency Holdings Skyrocket Past $1 Billion - Crypto Mode

  10-05-2023 18:30 via news.google.com
  PayPal’s Cryptocurrency Holdings Skyrocket Past $1 Billion  Crypto Mode
  
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• Bitcoin Liquidity on the Brink as Jane Street and Jump Exit Crypto Markets

  10-05-2023 18:29
  
  The abrupt exit of Jane Street and Jump, two crucial cryptocurrency market makers, has the potential to disrupt the liquidity flow across the industry, according to a Kaiko analyst.
  
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• The Impact of China's Cryptocurrency Mining Crackdown on the Global Market - Finance Magnates

  10-05-2023 18:23 via news.google.com
  The Impact of China's Cryptocurrency Mining Crackdown on the Global Market  Finance Magnates
  
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• What is Google’s Bard, and how does it work?

  10-05-2023 18:15 via cointelegraph.com
  
  Following ChatGPT’s success, Google released its AI chatting service, Bard. Here’s all you need to know about the next generation of the AI-powered chatbot.
  
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• Verisign gets patent for cryptocurrency-backed sale and transfer of ... - Domain Name Wire

  10-05-2023 18:11 via news.google.com
  
  Verisign gets patent for cryptocurrency-backed sale and transfer of ...  Domain Name Wire
  
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• Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves

  10-05-2023 18:10
  
  The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.
  
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• Total Number Of Shiba Inu Addresses In Profit Drops As Market Braces For Impact

  10-05-2023 18:00 via newsbtc.com
  
  The bear market has been brutal on cryptocurrencies in the market such as Shiba Inu. As a result, the profitability levels of investors in the meme coin have dropped drastically during this time. Even now, SHIB holders continue to see a decline in profitability, bringing it to one of the highest levels of losses since inception.
  Only 18% Of Shiba Inu Holders Are In Profit
  Data from on-chain aggregators show Shiba Inu investors are not faring well in the current market. Unlike other top tokens in
  
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• Here’s why crypto prices are down

  10-05-2023 18:00 via cointelegraph.com
  
  On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been falling.
  
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• BNB NFT marketplace Tabi raises $10M in angel funding

  10-05-2023 18:00 via cointelegraph.com
  
  Notable venture capital firms such as Animoca Brands and Binance Labs took part in the funding round.
  
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• APEXTO Participates in Cryptocurrency Exhibitions to Provide ... - Digital Journal

  10-05-2023 17:57 via news.google.com
  APEXTO Participates in Cryptocurrency Exhibitions to Provide ...  Digital Journal
  
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