Cryptocurrency news

• Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13

  13-05-2023 23:14 via cointelegraph.com
  
  Calls for a boycott of Coinbase over memecoin controversy, Florida’s ban on CBDCs, and the effects of Bitcoin Ordinals on the BTC network.
  
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• Ethereum’s Beacon Chain updated after finality issues

  13-05-2023 22:40 via cointelegraph.com
  
  Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
  
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• Ethereum's Beacon Chain is updated after finality issues

  13-05-2023 22:40 via cointelegraph.com
  
  Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
  
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• Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

  13-05-2023 20:00 via cointelegraph.com
  
  Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit.
  
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• LCX Crypto: Unraveling the Future of Regulated Cryptocurrency ... - Blockchain Reporter

  13-05-2023 19:31
  
  LCX Crypto: Unraveling the Future of Regulated Cryptocurrency ...  Blockchain Reporter
  
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• POKMON: The Latest Meme Cryptocurrency That’s Taking the Crypto World by Storm - Yahoo Finance

  13-05-2023 19:30
  POKMON: The Latest Meme Cryptocurrency That’s Taking the Crypto World by Storm  Yahoo Finance
  
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• Ordinals and BRC-20 will disappear in a matter of months, says JAN3 CEO

  13-05-2023 19:00 via cointelegraph.com
  
  The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.
  
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• Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

  13-05-2023 19:00 via cointelegraph.com
  
  The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.
  
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• House of Salem launches cryptocurrency, Kingdom Coin - Punch Newspapers

  13-05-2023 18:05
  
  House of Salem launches cryptocurrency, Kingdom Coin  Punch Newspapers
  
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• Best Crypto Gambling Sites 2023

  13-05-2023 17:18 via newsbtc.com
  
  Crypto gambling sites have gained significant popularity in recent years, and in 2023, there are several outstanding brands to consider.BC.GAME – Best All-Around Casino
  Metaspins – Top New Casino
  Betplay.io – Casino of the Month
  Jackbit – Great Welcome Bonus
  Cloudbet – Highly Rated Casino
  Vave.com – State-Of-the-Art Casino
  Flush.com – Excellent Mobile Casino
  Luckyblock – Fast Rising Casino Site
  CryptoLoko – Superb Welcome Bonus
  Blizz.io &ndas
  
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• Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network

  13-05-2023 16:56 via cointelegraph.com
  
  This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors.
  
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• Cryptocurrency: Pune Businessman Duped of Rs 1.12 Crore in ... - Punekar News

  13-05-2023 15:41
  
  Cryptocurrency: Pune Businessman Duped of Rs 1.12 Crore in ...  Punekar News
  
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• Buy this cryptocurrency for quick profits in coming days - SAMAA English

  13-05-2023 15:40
  
  Buy this cryptocurrency for quick profits in coming days  SAMAA English
  
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• South Korea’s LG Electronics Files For NFT-Trading TV Patent

  13-05-2023 15:35 via newsbtc.com
  
  A recent report published on WIPO’s global database for intellectual property disclosed LG Electronics’ application to acquire an NFT trading patent for its Smart TV. 
  Notably, the WIPO guide states that a filing application can only be published after 18 months. As such, the South Korean tech company filed for the patent in November 2021. Now LG is awaiting the remaining steps to grant or deny the patent. 
  LG’s Technology Supports NFT Trading On Smart TV
  The LG
  
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• BTC price bounces at $25.8K lows amid warning over low whale interest

  13-05-2023 15:13 via cointelegraph.com
  
  Bitcoin traders line up "safe" support levels, but order book data is making one observer uneasy about the future.
  
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• Bakkt Streamlines Apex Crypto Platform By Removing 25 Tokens

  13-05-2023 14:58 via newsbtc.com
  
  In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise.According to the firm, its reasons for delisting the tokens was to follow “up-to-date regulatory guidance.”
  25 Tokens Failed Bakkt Coin Listing Review Process
  Bakkt performed its normal coin listing reviews, after which it removed 25 tokens from
  
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• Bitcoin Price Dip Could Be Linked To On-Chain Activity

  13-05-2023 13:58 via newsbtc.com
  
  Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on exchanges during this period. 
  300,000 Bitcoin Sold On Exchanges In May
  According to CryptoQuant, a data explorer, over 300,000 bitcoins purchased between one to six months ago have been sold this month. It is worth noting that the majority of these sale
  
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• PayPal Plunging Despite Increasing Crypto Holdings

  13-05-2023 13:40 via newsbtc.com
  
  PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11.
  PayPal Shares Crumbling
  Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in its price-to-sales (P/S) ratio.PayPal is now down 80% from its 2021 high, its largest drawdown to date.
  Its price to sales ratio has moved from a record high of 17x to a record
  
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• Litecoin (LTC) Records Spike In Active Addresses Following Launch of LTC-20: Santiment

  13-05-2023 13:20 via newsbtc.com
  
  Popular Bitcoin hard fork and one of the earliest cryptocurrencies, Litecoin (LTC), have recorded some interesting network activity in recent times. According to data from the on-chain analytics platform, Santiment, the number of daily active network addresses on Litecoin has increased by over 400,000 since the start of May. 
  However, Litecoin has only experienced a slight increase in its transaction volume during the same period, which is unusual considering the significant rise in its dai
  
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• How to build an emergency fund using budgeting apps

  13-05-2023 13:07 via cointelegraph.com
  
  Track your expenses and savings goals using budgeting apps to build your emergency fund.
  
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• Former Executive Backs Up Lawsuit Against FTX Celebrity Promoters

  13-05-2023 12:58 via newsbtc.com
  
  A former FTX regulatory officer, Daniel Friedberg, has come forward to back the lawsuit against FTX celebrity promoters, adding weight to the allegations leveled against the cryptocurrency exchange.
  Due to his knowledge of the company’s internal compliance practices, Friedberg’s decision to support the legal action is a significant blow to FTX.Notably, the lawsuit started mid-November last year, a few days after the exchange shut down.
  FTX Lawsuit Gains Support From Former Executive
  
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• OKX Announces New Platform And Partnerships; OKB Shows No Significant Movement

  13-05-2023 12:30 via newsbtc.com
  
  OKX Wallet has announced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following wide discussions about the waning influence of Binance, the world’s largest cryptocurrency exchange.OKX Launches Cryptopedia; Partners With Radiant And Marinade 
  In a GlobeNewswire press release dated May 13th, 2023, OKX Wallet disclosed the launch of Cryptopedia, a Web3 learn-to-earn and airdrop platform. This new platf
  
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• Crypto Analysts Predict XRP Price Rally Against BTC

  13-05-2023 12:30 via newsbtc.com
  
  Market analysts are watching Ripple’s XRP for a potential price surge against the world’s leading digital currency, Bitcoin.
  XRP, known for its lightning-fast transaction speed and secure blockchain technology, has recently experienced a rollercoaster ride due to its lawsuit with the US Securities and Exchange Commission.However, an XRP and BTC chartist, Cryptoes, predicts a trend reversal for XRP based on current indicators on the chart. 
  Analysts See A Pump In XRP Price Agains
  
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• SunCrypto- India’s Leading Cryptocurrency Exchange Collaborates With Taxation Giant TaxCryp - The Week

  13-05-2023 12:16
  SunCrypto- India’s Leading Cryptocurrency Exchange Collaborates With Taxation Giant TaxCryp  The Week
  
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• Cryptocurrency vs. Traditional Banking: Understanding the ... - Global Trade Magazine

  13-05-2023 11:59
  
  Cryptocurrency vs. Traditional Banking: Understanding the ...  Global Trade Magazine
  
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• Crypto VCs Dabble In $2.6 Billion Worth Of Deals In Q1 2023

  13-05-2023 11:50 via newsbtc.com
  
  Despite the prevailing bearish trend in the crypto market, venture capital firms consummated several deals worth billions in the first quarter of 2023.
  Data from PitchBook’s Crypto Report for Q1 2023 disclosed that crypto firms generated $2.6 billion through 353 investment rounds. 
  Though the level of deals from the companies indicated the viability of the crypto space, there’s still evidence of its weakness.
  Report Highlights Declines In The Number And Value Of Investment Deals
  
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• Shiba Inu vs. Uwerx vs. Apecoin: Which Cryptocurrency Is A Better ... - Blockzeit

  13-05-2023 11:37
  
  Shiba Inu vs. Uwerx vs. Apecoin: Which Cryptocurrency Is A Better ...  Blockzeit
  
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• Polkadot (DOT) Price: The Bear Vs. Bull Battle Continues – Who’ll Take The Beating?

  13-05-2023 11:19 via newsbtc.com
  
  Since the beginning of this year, Polkadot has been on a roller coaster ride as the general cryptocurrency market has fluctuated over the past months.Recently, the price of Polkadot (DOT) has experienced negative sentiment, causing a slight decline in the coin’s value.
  The coin’s price slightly decreased from $5.51 to $5.12 on May 9, 2023. However, it started to gain further positive momentum the same day and recovered to $5.3 today.
  Strong Bearish Momentum
  The price of DOT has been
  
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• PEPE Attempts Market Rebound, Surges By 28% In 24 Hours

  13-05-2023 10:56 via newsbtc.com
  
  Popular memecoin PEPE is currently soaring as it attempts to pull off a market recovery. In a week marred by losses of varying sizes, the hottest coin of the meme season was not exempted, losing 46.1% of its market value within this period.
  The past week was quite bearish for the entire market as the total crypto market cap dropped by $64 billion to a current value of $1.170 trillion. Bitcoin, the market leader, did share most of the headlines with PEPE, as its market price crashed by almost 9%
  
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• Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market

  13-05-2023 10:45 via newsbtc.com
  
  Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here.
  That said, Lido Finance continues to assert its dominance in the liquid staking market, recording a substantial increase in its total value locked (TVL) in ETH LSDs in the past week. Lido DAO Token Price Overview
  The past week
  
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• Cryptocurrency airdrops: maximise revenue - The Cryptonomist

  13-05-2023 10:03
  
  Cryptocurrency airdrops: maximise revenue  The Cryptonomist
  
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• Ethereum Poised To Hit 35% Surge In Staking Demand – What It Means For Investors

  13-05-2023 09:50 via newsbtc.com
  
  In 2022, Ethereum formally adopted Proof of Stake (PoS) as a more secure and energy-efficient method to validate transactions and add new blocks to the blockchain.
  PoS and other consensus mechanisms are integral to the security of a network. This shift has significant implications for the Ethereum ecosystem, particularly in terms of staking – the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. 
  Related Reading: Will Listing O
  
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• South Korean Cryptocurrency Fugitive, Business Partner Released On Bail In Montenegro - Radio Free Europe / Radio Liberty

  13-05-2023 09:37
  
  South Korean Cryptocurrency Fugitive, Business Partner Released On Bail In Montenegro  Radio Free Europe / Radio Liberty
  
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• Will Listing Of Floki Inu On Brazil’s Largest Exchange Boost Meme Coin’s Price?

  13-05-2023 08:30 via newsbtc.com
  
  Floki Inu (FLOKI) has been listed on Mercado Bitcoin, the largest and most respected cryptocurrency exchange in Brazil. This move has sparked much excitement and speculation among cryptocurrency enthusiasts, especially those who have invested in the meme coin.
  The question on everyone’s mind is how this listing has impacted the price of Floki Inu. Given the size and reputation of Mercado Bitcoin, it’s not surprising that many are predicting a significant boost in the coin’s val
  
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• QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’

  13-05-2023 07:32 via cointelegraph.com
  
  The creditors will receive a monetary equivalent of the value of their lost crypto assetsas April 15 2019.
  
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• Top 5 risks in cryptocurrency on cybersecurity - TechiExpert.com

  13-05-2023 07:06
  
  Top 5 risks in cryptocurrency on cybersecurity  TechiExpert.com
  
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• Nifty News: Assassin’s Creed unveils ‘smart collectibles’, MechaFightClub winds down and more ….

  13-05-2023 05:35 via cointelegraph.com
  
  NFT game MechaFightClub is shutting down due to the regulatory uncertainty in the U.S., while Yuga Lab’s new CEO has snapped up a BAYC NFT well over the floor price.
  
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• Nifty News: Assassin’s Creed unveils ‘smart collectibles,’ MechaFightClub winds down and more

  13-05-2023 05:35 via cointelegraph.com
  
  NFT game MechaFightClub is shutting down due to regulatory uncertainty in the U.S., while Yuga Lab’s new CEO has snapped up a BAYC NFT for well over the floor price.
  
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• Bakkt delists majority of tokens from recently acquired Apex Crypto platform

  13-05-2023 01:43 via cointelegraph.com
  
  The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
  
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• Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar

  13-05-2023 01:22
  
  The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding.
  
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• State election officials fine Democratic Party of Oregon for cryptocurrency donation flap - Oregon Public Broadcasting

  13-05-2023 00:33
  State election officials fine Democratic Party of Oregon for cryptocurrency donation flap  Oregon Public Broadcasting
  
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• Dogecoin Expected To Experience A Further 6% Decrease Prior to Initiating Recovery

  13-05-2023 00:00 via newsbtc.com
  
  In recent weeks, Dogecoin has faced a downward trend in its price momentum, largely due to the emergence of PEPE coin, which has overshadowed its popularity. Over the past 24 hours, DOGE has shown limited upward movement, with a mere 1% increase. The meme-coin has experienced a significant decline in price, indicating a prevailing bearish control.
  The technical outlook of Dogecoin showed that bears are currently influencing its price. Both the demand and accumulation have dipped, suggesting a de
  
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