Cryptocurrency news

• US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill

  12-05-2023 23:53 via cointelegraph.com
  
  The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted.
  
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• Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

  12-05-2023 23:28
  
  Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail
  
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• Binance announces exit from Canada

  12-05-2023 23:13 via coinjournal.net
  
  Binance says new guidance on stablecoins has made it untenable to continue operating in the country.
  New rules required exchanges to seek approval before allowing their customers to buy or deposit stablecoins.
  The exchange says it will continue to engage regulators even if it doesn’t agree with new guidance.Binance, the world’s largest crypto exchange by trading volume, has announced its exit from Canada.
  The crypto platform revealed its move on Friday, noting that the decision was
  
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• Cosmos (ATOM) Shows Price Recovery In Response To New Update Reveal

  12-05-2023 23:00 via newsbtc.com
  
  Over the past few days, Cosmos Hub (ATOM) has demonstrated remarkable strength and resilience in its price fluctuations, despite significant downturns across the broader cryptocurrency markets due to shifts in trader sentiment. For three consecutive days, ATOM bulls have managed to bounce back and maintain the native token’s price, despite Bitcoin’s bearish momentum that has caused most altcoins to plummet.
  Cosmos’ (ATOM) renewed strength and price stamina in the crypto markets
  
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• Binance calls it quits in Canada, blames new rules

  12-05-2023 22:54 via cointelegraph.com
  
  Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.
  
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• Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind

  12-05-2023 22:45
  
  While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.
  
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• Lido Community Weighing On-Chain Vote to Deploy Version 2 on Ethereum

  12-05-2023 22:32
  
  If the governance vote passes, the latest iteration of Lido will come to the Ethereum blockchain, Lido’s biggest market.
  
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• LG Electronics files patent for NFT-trading TV

  12-05-2023 22:30 via cointelegraph.com
  
  The information was published on WIPO's global database for intellectual property on May 11, 18 months after LG filed its application.
  
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• House Democrats Consider New Stablecoin Bill Proposal: Source

  12-05-2023 22:15
  
  House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.
  
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• Coinbase establishes advisory council with former US lawmakers

  12-05-2023 22:03 via cointelegraph.com
  
  Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies.
  
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• Choosing the Best Cryptocurrency Casino Website: A ... - Bitrates

  12-05-2023 21:58 via news.google.com
  
  Choosing the Best Cryptocurrency Casino Website: A ...  Bitrates
  
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• Binance, the world’s biggest cryptocurrency exchange, is leaving Canada - Global News

  12-05-2023 21:47 via news.google.com
  
  Binance, the world’s biggest cryptocurrency exchange, is leaving Canada  Global News
  
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• Binance Announces Exit from Canada, Citing Regulatory Tensions

  12-05-2023 21:47
  
  The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.
  
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• Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees

  12-05-2023 21:44
  
  Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms.
  
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• Islamic Coin, the first Sharia-compliant cryptocurrency, set to launch ... - Kitco NEWS

  12-05-2023 21:42 via news.google.com
  
  Islamic Coin, the first Sharia-compliant cryptocurrency, set to launch ...  Kitco NEWS
  
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• Staking Platform Agility Soared After Ethereum’s Shapella Upgrade, but It’s Suffered Ever Since

  12-05-2023 21:35
  
  Key metrics like total value locked (TVL) and the price of its AGI token have tumbled recently, following their post-Shapella runup.
  
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• Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours

  12-05-2023 21:35
  
  Finality refers to the guarantee that a block cannot be altered and removed from the Ethereum blockchain.
  
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• MakerDAO Massive Upgrade, A New Era For DeFi?

  12-05-2023 21:30 via newsbtc.com
  
  MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called “Endgame.” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open scalable processes. The goal is to create a strong governance equilibrium that enables the permissionless growth of SubDAOs and parallelized product development in an emergent, community-driven ecosystem.Revolutionizing DeFi
  According to the
  
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• MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token

  12-05-2023 20:47
  
  Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.
  
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• Bitcoin Loses 10% on the Week as Memecoins Tumble

  12-05-2023 20:47
  
  Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.
  
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• Best Cryptocurrency For Q2 2023 – XRP, Avalanche, And Collateral ... - The Crypto Basic

  12-05-2023 20:46 via news.google.com
  
  Best Cryptocurrency For Q2 2023 – XRP, Avalanche, And Collateral ...  The Crypto Basic
  
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• CoinsDo Launches Trusted Shards Computation (TSC) Feature to ... - Digital Journal

  12-05-2023 20:45 via news.google.com
  
  CoinsDo Launches Trusted Shards Computation (TSC) Feature to ...  Digital Journal
  
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• How will lower interest rates benefit Bitcoin?

  12-05-2023 20:30 via cointelegraph.com
  
  Cointelegraph analyst and writer Marcel Pechman explains how lowering the interest rates in the U.S. will ultimately benefit Bitcoin and the cryptocurrency market.
  
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• Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

  12-05-2023 20:30
  
  The creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter to Bitcoin's open-source characteristics, CoinDesk's chief content officer Michael Casey argues.
  
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• Bitcoin Plunges Below $27,000, Which Holder Groups Are Selling?

  12-05-2023 20:07 via newsbtc.com
  
  Bitcoin has plunged below the $27,000 mark during the past day. Here are the market segments that are possibly participating in this selloff.
  These Bitcoin Investors Have Been Spending Their Coins Recently
  In a new tweet, the on-chain analytics firm Glassnode has broken down the prices at which the average coins sold today were bought. Generally, the BTC market is divided into two main segments: the long-term holders (LTHs) and the short-term holders (STHs).
  The STHs comprise a cohort including
  
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• The US should promote USDC — before it's too late

  12-05-2023 20:03 via cointelegraph.com
  
  USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.
  
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• MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

  12-05-2023 20:00 via cointelegraph.com
  
  DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.
  
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• BitDAO proposes to replace BIT token in branding revamp

  12-05-2023 20:00 via cointelegraph.com
  
  After community approval, BIT holders will undergo a token conversion process for the new Mantle token. Governance and treasury management will remain unchanged.
  
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• The paradox of valuing cryptocurrency in America - The Hill

  12-05-2023 19:30 via news.google.com
  The paradox of valuing cryptocurrency in America  The Hill
  
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• Sam Bankman-Fried's Ties to George Santos Are Just the Beginning

  12-05-2023 19:27
  
  The indicted congressman, who wildly embellished his background, received big donations from FTX executives. That was just one strand in Bankman-Fried's tangled influence-peddling web.
  
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• President Biden announces nominations for key positions at Federal Reserve

  12-05-2023 19:20 via cointelegraph.com
  
  Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency.
  
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• DigiToads utility sets itself apart from Shiba Inu and Pepe as meme coins demand grows

  12-05-2023 19:10 via coinjournal.net
  
  Digitoads is currently in the presale stage.
  PEPE has been the talk of the town over the last couple of after it got listed by Binance.
  2023 has seen newly launched meme coins register staggering price movements.Many analysts are calling 2023 the year of meme coins. The market has seen new meme coins surpass popular meme tokens like Shiba Inu (SHIB) and Pepe (PEPE) in popularity and soaring to meteoric heights.One of the new trending meme coins is DigiToads (TOADS), an Ethereum-based meme token
  
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• Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

  12-05-2023 19:04 via cointelegraph.com
  
  Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner.
  
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• Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs

  12-05-2023 18:58 via cointelegraph.com
  
  The new law, signed by Governor Ron DeSantis, also urges other states to take action against the potential introduction of CBDCs through their commercial codes.
  
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• Memes Are Wreaking Havoc on Cryptocurrency Apparently - OODA Loop

  12-05-2023 18:30 via news.google.com
  
  Memes Are Wreaking Havoc on Cryptocurrency Apparently  OODA Loop
  
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• Is This The Perfect Time To Buy Bitcoin? TD Sequential And RSI Suggests So

  12-05-2023 18:30 via newsbtc.com
  
  Bitcoin (BTC) investors have been closely monitoring the cryptocurrency market in recent days due to Bitcoin’s significant drop in price. The market’s largest cryptocurrency has shown a downtrend in its price action and has lost its key support level at $27,200, which was previously noted by the 50-day moving average (MA).
  Despite the bearish trend, trader and analyst Ali suggests that there may be some hope for bulls. Though the market is currently in a state of decline, Ali believe
  
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• Paradigm-Backed NFT Ownership Platform Tessera is Shutting Down

  12-05-2023 18:24
  
  Co-founder Andy Chorlian tweeted that the decision was made after "carefully analyzing possible market scenarios, our company structure and our financial situation."
  
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• Musk’s Milady Meme, Opening Up Ordinals

  12-05-2023 18:05
  
  Miladys NFTs saw a brief pump after Elon Musk tweeted about them and Binance is making it easier for people to buy Bitcoin NFTs.
  
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• Cardano (ADA) Bounces Back From The Red Zone, Will It Continue Minting Gains?

  12-05-2023 17:40 via newsbtc.com
  
  Cardano is gaining slightly today as the bulls seek to rally out of the bearish zone. Its trading volume is down by over 15%, but its price has entered a consolidation phase.
  ADA is trading above its 7-day low of $0.3512, implying that a return to the 7-day high of $0.3967 remains possible. 
  ADA Price Prediction
  ADA is in a sideways trend today, staying above its 200-day Simple Moving Average (SMA) as the bulls seek to push it to an uptrend. Its price action in the last three days shows tha
  
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• NBCUniversal veteran will replace Elon Musk as Twitter CEO

  12-05-2023 17:35 via cointelegraph.com
  
  Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks.
  
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• NBCUniversal veteran could replace Elon Musk as Twitter CEO: Report

  12-05-2023 17:35 via cointelegraph.com
  
  Elon Musk announced his departure as Twitter CEO on May 11, suggesting his replacement would be a woman who would take over within roughly six weeks.
  
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• Texas adds digital currency to the state’s Bill of Rights

  12-05-2023 17:08 via coinjournal.net
  
  Texas lawmakers vote to add digital currency to the state’s Bill of Rights.
  The move grants citizens the right to possess, retain and utilize digital currencies.
  The bill HJR 146 to amend the Bill of Rights was introduced by State Representative Giovani Capriglione.Texas legislators have voted to amend the state’s Bill of Rights to add digital currency to allow individuals to possess, retain and utilize digital currencies like Bitcoin (BTC).
  The lawmakers voted in favour of the amen
  
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• Cryptocurrency Toncoin Decreases More Than 4% Within 24 hours - Benzinga

  12-05-2023 17:00 via news.google.com
  
  Cryptocurrency Toncoin Decreases More Than 4% Within 24 hours  Benzinga
  
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• Cryptocurrency Lido DAO's Price Increased More Than 4% Within ... - Benzinga

  12-05-2023 17:00 via news.google.com
  
  Cryptocurrency Lido DAO's Price Increased More Than 4% Within ...  Benzinga
  
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• Is Pepe Coin Ready For Another Pump? Here’s What On-Chain Data Says

  12-05-2023 16:50 via newsbtc.com
  
  Here’s what the different on-chain indicators from Santiment have to say about whether Pepe Coin could see another pump soon or not.
  The Memecoin’s On-Chain Metrics Have Been Down Since The Top
  PEPE has been one of the hottest topics around the cryptocurrency market recently, thanks to the explosive growth that the meme coin has enjoyed. Between the end of last month and the 5th of May, the coin saw its price rise by an extraordinary 1,200%.
  The uptrend, however, ended there and the
  
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• Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

  12-05-2023 16:25 via cointelegraph.com
  
  BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.
  
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• Bitcoin's dive under $27K liquidates $100M — So why aren't margin traders flipping bearish?

  12-05-2023 16:25 via cointelegraph.com
  
  BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.
  
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• Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

  12-05-2023 16:25
  
  Despite calls for censorship, many developers agree that maintaining the status quo is the right thing to do for now.
  
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• Dadvan Yousuf’s Perspective on Liquidity Mining: Maximizing Returns in the Cryptocurrency Market - PRUnderground

  12-05-2023 16:24 via news.google.com
  Dadvan Yousuf’s Perspective on Liquidity Mining: Maximizing Returns in the Cryptocurrency Market  PRUnderground
  
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• Web3 community-building meets music technology at Wavelengths Summit 2023

  12-05-2023 16:22 via cointelegraph.com
  
  Crypto natives and newbies alike came together to build community and share alpha on the latest in music technology and decentralization.
  
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