Cryptocurrency news

• Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System

  16-05-2023 23:50
  
  The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering comes with a "core set of features to bitcoinize the dollar," according to the firm.
  
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• Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations

  16-05-2023 23:21
  
  Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.
  
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• Bancor DAO hit with class action suit over impermanent loss protection promises

  16-05-2023 23:17 via cointelegraph.com
  
  The pioneering DAO allegedly offered “risk-free” products that cost American retail investors tens of millions of dollars in losses.
  
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• Bitcoin Bullish Structure Holds Firm: $31,000 Breakthrough Imminent?

  16-05-2023 23:00 via newsbtc.com
  
  In the world of cryptocurrency, the market can be a confusing and volatile place. This is especially true for Bitcoin (BTC), which has seen its fair share of ups and downs in recent days. Jackis, a well-known analyst in the crypto community, has recently commented on the current state of the market, and his words may be of interest to investors.Bitcoin’s Potential For A $31,000 Breakthrough
  According to Jackis, Bitcoin’s weekly structure remains bullish, which means that despite any
  
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• Balancer Might Arbitrage Itself to Rescue Inverse Finance’s Frozen Crypto

  16-05-2023 22:52
  
  Automated market maker Balancer is working with a trio of DeFi protocols to rescue crypto frozen since Euler's massive hack.
  
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• Lido DAO (LDO) Surges Nearly 20% In The Past 7 Days, Here’s Why

  16-05-2023 22:30 via newsbtc.com
  
  In the fast-paced world of cryptocurrencies, Lido DAO (LDO) has made significant waves in the past week, experiencing an impressive surge of nearly 20%. Though the surge comes at a time the global crypto market is not deep in a downtrend, Lido’s current rally can be attributed to two notable factors.
  Over the past seven days, LDO has recorded a significant spike, up by 16%. The asset has picked up from trading at a low of below $2 as of May 9 to trading at a high of $2.25, at the time of w
  
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• DeFi Project Hector Network Mulls Legal Wrapper to Shield DAO

  16-05-2023 22:29
  
  A legal wrapper proposed by leaders of the Fantom-based protocol would empower employees of Hector and, according to critics, undercut the community of HEC holders.
  
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• CoinShares posts highest quarterly earnings since Q1 2022

  16-05-2023 22:29 via cointelegraph.com
  
  Crypto investment firm CoinShares posted its most profitable quarter in a year, according to its latest quarterly earnings report.
  
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• 3 reasons why Ethereum price could struggle at the $1.9K level

  16-05-2023 22:04 via cointelegraph.com
  
  ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a bearish bias.
  
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• OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

  16-05-2023 21:44 via cointelegraph.com
  
  Altman appeared alongside NYU professor Gary Marcus and IBM’s chief of trust Christina Montgomery to discuss how the U.S. government should regulate the AI industry.
  
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• Balancer Proposes ‘Permissioned Arbitrage’ to Rescue Inverse Finance’s Frozen Crypto

  16-05-2023 21:40
  
  Automated market maker Balancer is working with a trio of DeFi protocols to rescue crypto frozen since Euler's massive hack.
  
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• Bitcoin is a threat to the energy-use status quo – and that’s a good thing

  16-05-2023 21:36
  
  Banning or taxing crypto mining out of existence isn’t going to solve this country’s issues around power consumption and grid stability – but supporting Bitcoin just might.
  
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• Serial Phishing Scammer Uses a Mix of Laundering Techniques, Including Coin Swaps and a Mysterious OTC

  16-05-2023 21:34
  
  Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks
  
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• Can you recover stolen Bitcoin from crypto scams?

  16-05-2023 21:32 via cointelegraph.com
  
  Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues.
  
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• Algorand (ALGO) Price Turns Positive, Bulls Eyeing Further Gains?

  16-05-2023 21:30 via newsbtc.com
  
  Algorand (ALGO) has recovered from the bearish trend seen at the end of February 2023. From February 21 till May 8, ALGO recorded a loss of 45.13%, dropping to a low of $1.592. Despite the crash, buyers still pushed up the price of ALGO by more than 6% in the past few days.
  Traders are optimistic and are eyeing the next move in the current trend, while the bears are slowing building momentum by holding their strong short position.
  Will The Bulls Maintain This Current Bullish Momentum?
  The s
  
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• Creditors of fraudulent cryptocurrency platform QuadrigaCX can get 13% of their money back - CBC.ca

  16-05-2023 20:38 via news.google.com
  Creditors of fraudulent cryptocurrency platform QuadrigaCX can get 13% of their money back  CBC.ca
  
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• Top-Rated Bitcoin Slot Sites in 2023: A Comprehensive Guide

  16-05-2023 20:35 via newsbtc.com
  
  With the rise of crypto at online casinos, Bitcoin slots are becoming a go-to choice for players worldwide. In this comprehensive guide, we’ll explore the top-rated Bitcoin slot sites you need to sign-up for in 2023, as well as the best slot machines accepting Bitcoin.BC.GAME – Outstanding Casino
  Metaspins – Best Crypto Casino
  Betplay – Top Rated New Casino
  Jackbit – Great Casino Promotions
  Cloudbet – Award Winning Casino
  Luckyblock – Best Crypto Games
  W
  
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• SEC's Gensler discusses equity-market proposals, cryptocurrency ... - Pensions & Investments

  16-05-2023 20:35 via news.google.com
  
  SEC's Gensler discusses equity-market proposals, cryptocurrency ...  Pensions & Investments
  
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• Ledger Bats Back Criticism of New Wallet Recovery Service

  16-05-2023 20:30
  
  “You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledeger CEO Pascal Gauthier.
  
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• DeFi’s Rising Star: Why Rook DAO Is The Best-Performing Token Of 2023

  16-05-2023 20:30 via newsbtc.com
  
  Rook DAO, a decentralized autonomous organization (DAO) operating in the decentralized finance (DeFi) space, made headlines recently as it executed a “rage quit” that resulted in a significant price surge for its native token, ROOK.The move saw the token’s value skyrocket by a staggering 475%, making it one of the best-performing DeFi tokens this year. But the concept of a “rage quit” is not new in the world of DAOs.It refers to a situation where a member or group o
  
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• Crypto community reacts to Ledger wallet's secret recovery phrase service

  16-05-2023 20:15 via cointelegraph.com
  
  Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea.
  
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• Shiba Inu Event Raises The Bar With A 26,000% Surge In 24-Hour Burn Rate

  16-05-2023 19:40 via newsbtc.com
  
  Shiba Inu ‘burns’ dominate headlines in 2023 as more whale addresses participate in the event. Notably, the Shiba Inu community burnt a massive 3.03 billion SHIB tokens in 24 hours. Blaze token currently leads as the top burner on the network. This record burn occurred in two separate transactions.
  The burning mechanism aims to remove excess tokens from circulation, causing scarcity and boosting SHIB’s value. 
  Mysterious Wallet Burns SHIB
  An anonymous wallet, ina
  
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• Why Litecoin Is The Most Undervalued Asset in Crypto

  16-05-2023 19:33 via newsbtc.com
  
  Litecoin momentum is potentially changing, network usage is skyrocketing, and the cryptocurrency’s halving is ahead.
  Yet the asset remains drastically undervalued relative to Bitcoin, Ethereum, and other factors. Here is a closer look at why Litecoin could be the most undervalued asset in crypto.
  LTC Vs BTC Vs ETH Compared
  Litecoin was once a top ten or higher cryptocurrency that has since fallen from that lofty pedestal. A nine-month-long up-only bull run and more than 10,000% ROI left th
  
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• Ledger Under Fire After Questions Arise Over Security Measures

  16-05-2023 19:27 via newsbtc.com
  
  Crypto’s flagship cold storage tool, Ledger, is taking heat from the crypto community this week following a Reddit post from a Ledger co-founder that suggested that external companies could have exposure to user seed phrases on an opt-in basis. The situation is far from ‘cut and dry’ and has led to substantial dialogue throughout crypto communities around the degree of security that Ledger owes it’s users.
  Let’s take a look at both angles of the argument.
  Ledger Lun
  
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• Updated European tax directive requires reporting on all crypto asset transfers

  16-05-2023 19:12 via cointelegraph.com
  
  DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.
  
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• Optimism, Scaling Solution for Ethereum, Sets June Date for Biggest Ever Upgrade, ‘Bedrock’

  16-05-2023 19:11
  
  The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.”
  
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• How blockchain is revolutionizing the gaming industry?

  16-05-2023 19:05 via cointelegraph.com
  
  GameFi is the new gaming frontier, providing an innovative model using blockchain and DeFi. Here’s all you need to know about blockchain-based games.
  
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• Historical Crossover Suggests Ethereum (ETH) Top Is In

  16-05-2023 19:00 via newsbtc.com
  
  On-chain data shows the Ethereum taker buy/sell ratio has formed a crossover recently that has historically signaled tops in the asset’s price.
  Ethereum Taker Buy/Sell Ratio 280-Day and 476-Day MAs Have Crossed Recently
  As pointed out by an analyst in a CryptoQuant post, the last time this crossover formed was back in May 2021, when ETH observed the bull rally top formation. The relevant indicator here is the “Ethereum taker buy sell ratio,” which measures the ratio between the
  
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• Breaking Above This Level Might Trigger A Bullish Momentum For Ethereum Price

  16-05-2023 18:25 via newsbtc.com
  
  Ethereum managed to surpass the $1,800 price level initially, but it has been experiencing a period of consolidation recently. In the past 24 hours, there has not been much progress in the price movement. Similarly, the weekly chart shows that Ethereum has not made significant price advancements during this timeframe.
  The technical outlook for ETH is bearish, with indications of falling demand and accumulation. This suggests a lack of enthusiasm from buyers since Ethereum started trading sideway
  
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• Red Beard Ventures Closes $25M Funding Round With Animoca Brands, Others

  16-05-2023 18:03
  
  The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.
  
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• Origin Protocol Enters Competitive Ether Yield Market With OETH Offering

  16-05-2023 18:00
  
  OETH is a yield-bearing, ether-pegged token, offering an easy way to maximize yield from ETH staking using protocols such as Curve Finance.
  
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• ‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

  16-05-2023 17:41 via cointelegraph.com
  
  Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.
  
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• ‘Trusted’ marketplace sold fake Trezor wallets stealing crypto: Kaspersky

  16-05-2023 17:41 via cointelegraph.com
  
  Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.
  
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• Japan Loses 30% Of Total Crypto Hacks In North Korea, Elliptic Reports

  16-05-2023 17:40 via newsbtc.com
  
  Japan has emerged with the highest losses worldwide from North Korean cyberattacks targeting crypto exchanges, as recent reports indicate that Japan’s financial institutions and individuals incurred approximately 30% of the total losses attributed to North Korean crypto hacking.
  The Japanese government has been particularly vocal about the need for enhanced cybersecurity measures to combat these malicious activities. But despite ongoing efforts to bolster their defenses, Japanese exchanges
  
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• Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center

  16-05-2023 17:19
  
  Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round.
  
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• 3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum

  16-05-2023 17:04 via cointelegraph.com
  
  LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%.
  
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• Power Play: Top 5 Cryptos Set To Ignite The Week With Decent Gains

  16-05-2023 17:00 via newsbtc.com
  
  After a disastrous week, the digital currency market , including the top 5 cryptos, is ready for a recovery. According to CoinGecko, the crypto market’s total market cap increased by nearly 2% in the past 24 hours.
  Although the broader financial market is still closely monitoring the US debt ceiling crisis, Bitcoin and Ethereum’s recent localized rallies, along with the strong performances of the top 5 cryptos, pulled the market upward.Top 5 Cryptos Expected To Pad Investors’ P
  
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• PEPE Unlikely To Be As Big As DOGE & SHIB, Says Santiment

  16-05-2023 17:00 via newsbtc.com
  
  Here’s how the growth in PEPE has so far compared with that of its predecessor meme coins: Shiba Inu (SHIB) and Dogecoin (DOGE).
  PEPE’s Peak Trading Volume Hasn’t Been Near DOGE Or SHIB’s Yet
  Pepe Coin, a token based on the popular internet frog meme avatar, suddenly burst into the scene last month. The coin has enjoyed a rapid rise in popularity, with its best period coming in the first week of this month, where it registered a price increase of more than 1,000%.
  Since t
  
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• 9 Lessons DeFi Companies Would Be Wise To Learn From CeFi Companies

  16-05-2023 17:00 via cointelegraph.com
  
  While DeFi may be the wave of the future, the industry can still learn smart practices from leading CeFi companies.
  
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• Ripple CTO Reveals Facts About Present XRP Burn Debate

  16-05-2023 16:20 via newsbtc.com
  
  The Chief Technology Officer (CTO) of Ripple, David Schwartz, has provided valuable information about the ongoing debate surrounding the burning of XRP tokens.
  The debate about burning XRP tokens has been hot within the XRP community, and Schwartz’s insights shed light on the XRPL’s governance structure and the decentralized nature of the network.
  The discussion primarily revolved around the authority and decision-making process concerning the XRP held in escrow and the role of valid
  
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• Crypto Wallet Bitski Taps Hardware Wallet Ledger To Make Web3 More Secure

  16-05-2023 16:00
  
  The browser-extension wallet is using Ledger’s security infrastructure to help users navigate decentralized applications while keeping their assets safe.
  
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• Bitcoin Lightning company River raises $35M amid ‘new wave of institutional adoption’

  16-05-2023 15:50 via cointelegraph.com
  
  “We’re seeing another wave of Bitcoin interest, largely driven by business and institutional adoption,” says Alex Leishman, River CEO. “It’s not fueled by hype.”
  
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• The role of central limit order book DEXs in decentralized finance

  16-05-2023 15:45 via cointelegraph.com
  
  A look at the role of central limit order book DEXs in DeFi.
  
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• Peter Thiel Backs Bitcoin Startup River in $35M Round

  16-05-2023 15:38
  
  The Series B round for the Bitcoin financial services provider was led by Kingsway Capital.
  
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• Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M

  16-05-2023 15:36
  
  The Bitcoin miner backed the web infrastructure startup, and CEO Fred Thiel sits on the board.
  
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• Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?

  16-05-2023 15:30 via cointelegraph.com
  
  Deluged by NFTs and memecoins, Bitcoin has suddenly become a worse version of Ethereum. There are conflicting ideas about how to fix it.
  
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• BNY Mellon Embraces Long-Term Digital Asset Initiatives Across All Lines of Business

  16-05-2023 15:30 via newsbtc.com
  
  In a dynamic move towards digital transformation, BNY Mellon, one of the oldest banks in the United States, is pushing forward with its initiatives focused on distributed ledger technology, tokenization, and digital cash.Roman Regelman, the CEO of securities services and digital, revealed in a recent interview that the bank has been prioritizing digital assets for the past two years in response to increasing client demand.
  This latest disclosure comes amid the US banking crisis and United States
  
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• The Aura Around PEPE Isn’t Good For The Market, Especially Bitcoin – Here’s Why

  16-05-2023 15:25 via newsbtc.com
  
  Pepecoin (PEPE) has been exhibiting a surprising level of calm in its price movement lately. However, contrary to what many may assume, this could be a red flag for Bitcoin (BTC) and the entire cryptocurrency market.
  According to a Bloomberg report, when an asset experiences an extended period of calm, it can be a sign of market euphoria and an overheated market.This raises concerns about the sustainability of the current market trend, especially in the context of the cryptocurrency landscape.
  L
  
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• Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal

  16-05-2023 15:06
  
  Bitcoin's realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.
  
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• Red Beard Ventures Closes $25M Funding Round With Animoca Brands, SuperRare

  16-05-2023 15:00
  
  The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.
  
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