Cryptocurrency news

• Ethereum Mainnet Was Unable to Fully Finalize Transactions for 25 Minutes

  11-05-2023 23:42
  
  Developers resolved the finalization issues and are investigating what caused the outage.
  
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• Federal Reserve's FedNow will integrate with Metal Blockchain

  11-05-2023 23:41 via cointelegraph.com
  
  The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
  
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• Federal Reserve's FedNow will connect with Metal Blockchain

  11-05-2023 23:41 via cointelegraph.com
  
  The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
  
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• BlockFi users to get back $297M from Wallet accounts: Report

  11-05-2023 23:34 via cointelegraph.com
  
  Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan.
  
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• BlockGPT launches ‘chat to earn’ ecosystem for training AI

  11-05-2023 23:30 via cointelegraph.com
  
  A new Web3 initiative aims to build a ChatGPT-style artificial intelligence system on the blockchain.
  
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• Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

  11-05-2023 23:15 via cointelegraph.com
  
  The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.
  
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• Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase

  11-05-2023 23:11
  
  BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.
  
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• Elon Musk Stepping Down as Twitter CEO, Will This Be The End of Dogecoin?

  11-05-2023 23:04 via newsbtc.com
  
  Elon Musk, the owner of Twitter and a big supporter of Dogecoin, the original meme coin, is stepping down as the CEO of the social media platform to focus on product development. He will act as the chief technology officer (CTO) of Twitter.
  Elon Musk Stepping Down As Twitter CEO
  In a Tweet on late May 11, the technology billionaire said Twitter has since hired a CEO whom she will take over in six weeks.Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6
  
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• Elon Musk announces he will step down as Twitter CEO

  11-05-2023 23:02 via cointelegraph.com
  
  The soon-to-be former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations.
  
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• Six Ways to Measure a Cryptocurrency's Profit Potential in 30 ... - Money Morning

  11-05-2023 22:47
  
  Six Ways to Measure a Cryptocurrency's Profit Potential in 30 ...  Money Morning
  
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• Elon Musk's Twitter, Crypto's Town Square, Has Found a New CEO

  11-05-2023 22:47
  
  Musk says he'll shift to being chief technology officer.
  
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• 'The SEC’s actions have crippled a nascent industry' — Paradigm requests amicus brief for Coinbase

  11-05-2023 22:30 via cointelegraph.com
  
  According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
  
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• Cardano May Sink To This Level As Bears Keep Gaining Leverage

  11-05-2023 22:09 via newsbtc.com
  
  Over the past few days, the price of Cardano has been in a downward trend. This has led to the strengthening of bearish sentiment. In the last 24 hours, ADA experienced a dip of approximately 4.2%. Over the past week, the altcoin depreciated by close to 10%.
  These price fluctuations have raised concerns about investors’ interest in Cardano. The same is reflected in the low buying strength and accumulation observed on the charts. Cardano finds itself trapped within a range, lacking a clear
  
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• McHenry to U.S. SEC: Which Crypto Firms Have Tried to Register?

  11-05-2023 22:00
  
  The U.S. Securities and Exchange Commission (SEC) has so far disregarded congressional requests for information on its interactions with crypto platforms seeking registration as exchanges, according to Republican lawmakers in the House of Representatives, who threatened a hearing if they’re ignored any longer.
  
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• 'We screwed up' — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups

  11-05-2023 21:30 via cointelegraph.com
  
  Paul Grewal said Coinbase was attempting “to provide a fact-based picture of a trending topic” to its users when saying Pepe "has been co-opted as a hate symbol" by certain groups.
  
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• Decentralized Exchange Uniswap Trading Volume Outpaces Coinbase for 4th Consecutive Month

  11-05-2023 21:27
  
  Uniswap, the decentralized exchange, outpaced centralized exchange Coinbase in April.
  
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• Cryptocurrency: The Future of Secure American Football Sports Betting - American Football International

  11-05-2023 21:10
  Cryptocurrency: The Future of Secure American Football Sports Betting  American Football International
  
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• MetaMask rolls out ETH purchases via PayPal to US users

  11-05-2023 20:59 via cointelegraph.com
  
  Users in the United States can also transfer ETH from PayPal to MetaMask. The companies first announced their collaboration in 2022.
  
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• Polychain Snubs Lucrative Crypto Arbitrage, Prepares to Trade $6M of ROOK Token on Uniswap

  11-05-2023 20:51
  
  Crypto hedge fund Polychain motioned to sell up to $6 million of $ROOK tokens via Uniswap, upending the calculus behind a savvy DeFi trade.
  
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• Crypto-Gambling.net Announces Launch of Website ... - InvestorsObserver

  11-05-2023 20:31
  
  Crypto-Gambling.net Announces Launch of Website ...  InvestorsObserver
  
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• Winner Takes All: Bitcoin And DXY Compete For Global Financial Dominance

  11-05-2023 20:30 via newsbtc.com
  
  Bitcoin (BTC) and the U.S. Dollar Index (DXY) have been battling for supremacy in the financial world, with both assets vying for dominance in a zero-sum game. The recent volatility seen in the markets is a testament to the intensity of this battle. It is becoming increasingly clear that the outcome of this showdown will have significant implications for both assets and the financial world.How Bitcoin Plans To Take On The Dollar
  According to JJ the Janitor, an analyst at Jarvis Labs, any decline
  
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• Watchdog sues SEC over FOIA access to docs on potential crypto conflict of interest

  11-05-2023 20:30 via cointelegraph.com
  
  EMPOWR is requesting correspondence concerning former SEC officials William Hinman, Marc Berger, Jay Clayton and their current employers.
  
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• BONE Emerges As The Most Popular Cryptocurrency In India's Major Exchange - TronWeekly

  11-05-2023 20:23
  
  BONE Emerges As The Most Popular Cryptocurrency In India's Major Exchange  TronWeekly
  
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• ‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools

  11-05-2023 20:18
  
  PEPE token has dropped 63% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.
  
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• Arkansas Attorney General Tim Griffin joins coalition pushing back on SEC cryptocurrency regulations - KARK

  11-05-2023 20:16
  Arkansas Attorney General Tim Griffin joins coalition pushing back on SEC cryptocurrency regulations  KARK
  
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• Researchers in Singapore design new ‘more efficient’ DAO scheme

  11-05-2023 20:00 via cointelegraph.com
  
  Scientists at Singapore University of Social Sciences created a novel DAO voting/governance scheme after reviewing current methods.
  
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• Meet ‘Dencun.’ Ethereum Developers Are Already Planning Next Hard Fork

  11-05-2023 19:59
  
  The next major upgrade for the blockchain will include “proto-danksharding,” though developers are still deciding what else to include in the hard fork.
  
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• IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves - Yahoo Finance

  11-05-2023 19:58
  IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves  Yahoo Finance
  
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• IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves - Decrypt

  11-05-2023 19:58
  
  IRS Trains Ukraine Law Enforcement to Track and Trace Russia's Cryptocurrency Moves  Decrypt
  
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• What’s the Reality of Crypto in Crime?

  11-05-2023 19:57
  
  The DOJ's Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?
  
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• The White House’s Bitcoin Mining Tax Undermines Itself

  11-05-2023 19:46
  
  Imposing a levy on mining in the U.S. will send the industry overseas, increasing emissions while depriving the grid of a useful form of “demand response,” says Nic Carter.
  
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• Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena

  11-05-2023 19:42
  
  Thursday's reported first-quarter earnings from miners were a mixed bag.
  
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• Bitcoin Bearish Chart Pattern Looms, Legendary Trader Sounds Warning

  11-05-2023 19:30 via newsbtc.com
  
  Bitcoin, the largest cryptocurrency by market capitalization, has shown significant weakness in today’s trading session after failing to continue on its instant price rally following yesterday’s release of the April CPI report at 4.9%.
  So far, the trading week has been negative for the alpha cryptocurrency as it is seen to decline further on its sixth consecutive bearish candle on the daily timeframe.
  In addition, the legendary crypto trader, Peter Brandt, has raised concerns and a s
  
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• IRS, Chainalysis and Ukraine Targeting Russian Crypto Sanctions Evaders Jointly

  11-05-2023 19:20
  
  The U.S. Internal Revenue Service and crypto investigations company Chainalysis are working with Ukraine to target Russian oligarchs using crypto to evade sanctions.
  
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• GAO cites exposure to digital assets in exploring collapse of Signature Bank

  11-05-2023 19:20 via cointelegraph.com
  
  Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure.
  
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• Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully

  11-05-2023 19:20
  
  Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector.
  
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• How to use a crypto hardware wallet

  11-05-2023 19:07 via cointelegraph.com
  
  To use a crypto hardware wallet, connect wallet to computer/mobile, enter PIN, follow instructions to send/receive crypto, then store safely offline for added security.
  
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• Smart-Contract Registry Cookbook Raises $2M to Create Web3 Developer Support Tools

  11-05-2023 19:03
  
  The company will use the money to educate Web3 developers and supply them with tools to streamline their work.
  
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• Coinbase Says it 'Screwed Up' Pepecoin Coverage in Its Newsletter

  11-05-2023 18:47
  
  The crypto exchange set off a kerfuffle by describing the Pepe the Frog meme as having been co-opted as a hate symbol by alt-right groups.
  
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• BONE Token Dominates India Exchange Poll, Outshining Rivals Like PEPE And FLOKI

  11-05-2023 18:30 via newsbtc.com
  
  The Shiba Inu’s governance token, Bone ShibaSwap (BONE), will grab a new and prominent listing in India. BONE overtook PEPE and FLOKI, rising to the top in an exchange poll for the next crypto listing.
  Unocoin Poll Sees BONE At The Top
  A crypto exchange firm in India, Unocoin, recently conducted a poll on Twitter. The poll, which presented BONE, PEPE, and FLOKI tokens, sampled customers’ feedback on the next coin for listing on the firm’s trading platform.So far, the poll
  
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• CoinDesk Turns 10 – 2020: The Rise of the Meme Economy

  11-05-2023 18:10
  
  As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.
  
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• 's crypto market Crypto Meme Floki Breaches Chinese ... - BusinessMole

  11-05-2023 18:03
  
  's crypto market Crypto Meme Floki Breaches Chinese ...  BusinessMole
  
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• IRS Asserts First Dibs On FTX Bankruptcy Payout To Recover $44 Billion In Taxes

  11-05-2023 17:40 via newsbtc.com
  
  The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries.
  The disclosure revealed the agency filed the tax bill under administrative claims, prioritizing them over the creditors’ claims in the bankruptcy case. 
  Will Court Prioritize IRS Claims Over Creditors?
  A filing by the IRS clai
  
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• Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long

  11-05-2023 17:40
  
  The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners.
  
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• BIS issues comprehensive paper on offline CBDC payments

  11-05-2023 17:30 via cointelegraph.com
  
  According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.
  
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• Binance’s VC Arm, With Over 200 Investments, Focuses on 'Explosive' Potential for Web3

  11-05-2023 17:27
  
  Binance Labs has grown its assets to $9 billion from $7.5 billion despite a bear market and the post-FTX collapse turbulence.
  
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• BTC price risks $27K loss as Bitcoin trend lines brew 'bullish cross'

  11-05-2023 17:09 via cointelegraph.com
  
  BTC price action offers little relief to Bitcoin bulls despite U.S. macro data releases showing inflation subsiding.
  
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• BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says

  11-05-2023 17:04
  
  BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender.
  
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• Uniswap (UNI) Surges After A Bumpy Ride, Is Bearish Run Over?

  11-05-2023 17:00 via newsbtc.com
  
  Uniswap (UNI) has been experiencing downward movement due to general market sentiment. The downtrend started on April 19, dropping from $6 to $5. However, the price rises gradually, indicating that the bulls are building momentum.
  This slight increase has left traders wondering if the bearish trend is over and whether things might start getting better for Uniswap (UNI).
  Signs of Bullish Sentiment As UNI Surges
  Notably, UNI is up today by 3.27% at a high of $5.12 within the last 24-hour trad
  
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• How the IRS seized $10B worth of crypto using blockchain analytics

  11-05-2023 17:00 via cointelegraph.com
  
  A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurrency-related crimes.
  
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