May 2023 | Page 10 of 211 | Last Cryptocurrency News Feed

Litecoin Sees Increased Network Activity Ahead of Halving

Litecoin is slated to undergo its third mining reward halving in early August, after which the per-block reward paid to miners will be lowered by 50% to 6.25 LTC from 12.5 LTC. Leading up to the fact, the 12th largest crypto-asset by market value has managed to fetch some big gains lately, pushing its price…

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Hodl up, El Salvador’s newest economic advisor is a Bitcoin maxi

Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years. Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador.On May 30, the Office announced that the…

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Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers

Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest.A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins in…

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Hong Kong and UAE central banks collab on crypto rules, fintech development

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.” Hong Kong and the United Arab Emirates' (UAE) central banks are looking to collaborate on cryptocurrency regulations and financial technology development.On May 30, the Hong Kong Monetary Authority (HKMA) said it met with its counterparts at…

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China to gain most from restrictive US crypto regulations: Coinbase CEO

The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore. “Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. In a May 30 op-ed for MarketWatch, Armstrong…

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SEC Settles With Coinbase Employee For Insider Trading Charges

The Securities and Exchange Commission (SEC) announced on Tuesday that ex-Coinbase manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges for insider trading using knowledge from the exchange. The former has been forced to forfeit 10.97 ETH ($20,848.92) and 9,440 USDT, while the latter was made to forfeit $$892,500. The End of…

CoinDesk Feed

First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend

Good morning. Here’s what’s happening:Prices: A new report from K33 highlights heightened volatility in Bitcoin and Ether in 2023, despite a slow start to the year.Insights: Observers suggest that the market needs a new driver to lift prices higher. Could ether be that driver?Volatility is Expected, But Was it Missed?Bitcoin is opening the East Asia…

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AI demand briefly catapults Nvidia into $1 trillion club

Nvidia share prices have more than tripled since October last year as demand for AI tech surges. Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo.The milestone was hit on May 30 in the United States…

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Bitcoin Trades at $5K Discount on Binance Australia as Withdrawal Closure Approaches

On Tuesday, the prices of bitcoin and other crypto assets were seen trading at a discount on the Australian arm of Binance, the world’s largest crypto exchange by trading volume, compared to rival local platforms. As of 1:10 pm, bitcoin (BTC) was trading at A$34,863 ($22,670) on Binance Australia, about A$7,516 ($4,913) lower than the…

CoinDesk Feed

Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress

Bitcoin (BTC) fell below $28,000 during U.S. trading hours on Tuesday but then steadied as investors monitored progress on a debt ceiling deal, whose passage remained likely but not assured.The largest cryptocurrency by market capitalization was recently trading at around $27,740, up 0.1% over the previous 24 hours, although slightly down from its higher perch…