May 2023 | Last Cryptocurrency News Feed

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC).Fink’s comments came as U.S. House of Representatives on May 31 passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling. The…

CoinDesk Feed

First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten

Good morning. Here’s what’s happening:Prices: Bitcoin settled above $27.1K after Cleveland's Federal Reserve Bank president spooked investors with hawkish comments and China reported dispiriting manufacturing data.Insights: Before House members approved a bill to raise the debt ceiling, bitcoin whales reduced their holdings and sent assets to exchange.Bitcoin Sinks Early, Then Holds Above $27.1KHawkish comments by…

CoinDesk Feed

First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In

First Digital Group announced today that it’s launching a USD stablecoin, FDUSD.The stablecoin is issued on Ethereum and BNB, a spokesperson told CoinDesk, saying that First Digital is in discussions with all major exchanges for a listing.First Digital says FDUSD is backed by “high-quality reserves” of cash and cash equivalents in regulated financial institutions around…

Cointelegraph Feed

Satoshi Nak-AI-moto: Bitcoin’s creator has become an AI chatbot

The bot is a ChatGPT model that’s so far only been trained on Satoshi Nakamoto’s public writings and a handful of Bitcoin-related source materials. Satoshi Nakamoto may have effectively disappeared over 12 years ago, but two artificial Intelligence dabblers are seeking to revive the ability to chat with the famed Bitcoin (BTC) creator.On May 31,…

Cointelegraph Feed

Investment bank TD Cowen shuts crypto unit a year after opening

Days after Digital Currency Group's TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit's closure. 138 Total views 1 Total shares Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a…

Cryptocurrency News Feeds

Federal Reserve Says Higher Rates Could Exacerbate Stress For Banks, But What of Bitcoin?

Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Federal Reserve’s Board of Governors on Wednesday. The governor also hinted that the central bank might decide not to raise its benchmark interest rate at the next Federal Open Markets Committee (FOMC) meeting, which…

CoinDesk Feed

Bitcoin, Crypto Prices Brace for Downturn in Coming Liquidity Shock, Observers Say

Crypto markets are bracing for a downturn as liquidity tightening resumes after the U.S. debt ceiling is lifted, observers said.The replenishment of the U.S. Treasury general account and the Federal Reserve (Fed) winding down its balance sheet will remove hundreds of billions of dollars from the financial system, weighing on cryptocurrency prices in the coming…

Cryptocurrency News Feeds

Nansen Slashes 30% of Work Force, Aims to Prioritize Sustainable Business

Blockchain data analytics firm Nansen Research is slashing its workforce by 30%. Layoffs have been widespread across crypto businesses in the past year. Following the latest move, Nansen joins the growing list of companies such as Coinbase, Blockchain.com, ConsenSys, Gemini, Huobi Polygon Labs, Elliptic, Messari, Dapper Labs, Chainalysis, Immutable, etc., which have trimmed their staff…

Cointelegraph Feed

Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTs

The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece of sage advice to budding projects: Stop talking about crypto.Speaking with Cointelegraph, 24-year-old entrepreneur Luca Netz said that many NFT projects overwhelm people with Web3 jargon and…

CoinDesk Feed

Pixel Penguins, an NFT Charity Scam, Shows Dangers Of NFT Influencer Culture

Achieving influencer status on social media is something that many up-and-coming non-fungible token (NFT) collectors dream of. Hidden behind profile-picture (PFP) NFTs are figures who send “gm” messages, share the latest crypto news and boost morale within the Web3 community when the market takes a blow.Many of these influencers have amassed tens of thousands –…