Digital asset management companies thrive in 2023 despite Bitcoin and Ethereum’s May downturn

CCData’s Digital Asset Management Review for May found that Bitcoin, with its finite supply and resistance to governmental control, continues to solidify its position as a compelling asset class for institutional investors.... Read more »

Debt ceiling, bank crisis set for ‘powder keg’ explosion: BitMEX co-founder

Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and... Read more »

Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes

On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet 3.0 (web3) and the metaverse, according to reports from Chinese media, ThePaper. However,... Read more »

FTX 2.0 coming up, Multichain FUD, Worldcoin raises six figures

Top Stories This Week Binance suspends deposits for bridged tokens, seeks clarity from Multichain team Crypto exchange Binance suspended deposits for 10 bridged tokens following days of uncertainty surrounding the Multichain protocol.... Read more »

Bitcoin holds 200-week average as trader says ‘inflection point’ is here

Bitcoin (BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Trader awaits “pretty major... Read more »

Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product

Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26. Genesis says Earn wasn’t a security Jack Baughman, a lawyer... Read more »

AEW ventures into NFT space despite WWE Moonsault’s declining engagement

The battle for professional wrestling dominance between All Elite Wrestling (AEW) and World Wrestling Entertainment (WWE) has spilled over into the web3 arena as AEW has decided to enter the NFT space... Read more »

Core Scientific moves for September bankruptcy exit, expects $46M boost

A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions.... Read more »

Chinese companies selling synthetic opioid chemicals raked in $27M in crypto payments

Blockchain analysis firm Elliptic said May 23 that several Chinese companies selling precursors to the synthetic opioid fentanyl have received millions in cryptocurrency. Elliptic reported that its researchers interacted with over 90... Read more »

On-chain Cardano analysis highlights ‘positive trends’

The Cardano network has shown “positive trends” throughout 2023 across several on-chain metrics, according to the analysis conducted by IntoTheBlock, including the examination of transaction count, transaction volume, and addresses in profit,... Read more »
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