May 2023 | Page 11 of 211 | Last Cryptocurrency News Feed

Yield farming app accumulates $12M TVL 2 weeks after launch

The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH and sfrxETH. A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets…

Cointelegraph Feed

Nansen lays off 30% of its workforce

The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed. Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to…

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El Salvador President Hires Bitcoin Standard Author As Economic Advisor

El Salvador President Nayib Bukele has onboarded Saiffedean Ammous – author of The Bitcoin Standard – as an Economic Advisor to the National Bitcoin Office of El Salvador. In his role, the author will “advise on matters related to various economic policies,” while supporting Bukele’s policy of “economic liberty and bitcoin,” according to a Bitcoin…

Bitcoin Magazine Feed

Pro-Bitcoin Legislation Reigns Victorious In Texas This Year As The Legislative Session Ends

Bitcoin policy advocates celebrated several victories in the recent quarter, including the success of Texas SB 1929, a pro-mining bill, and the defeat of Texas SB 1751, an anti-mining bill. VP of Research at Riot Platforms Pierre Rochard expressed gratitude to everyone involved, stating, "Texas will continue to be #Bitcoin country!"These legislative outcomes will contribute…

Cointelegraph Feed

Researchers propose new scheme to help courts test deanonymized blockchain data

A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin (BTC) blockchain.The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency transactions. While the paper…

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US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas

The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part. The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope…

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AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war

The “Godfather of AI” and the CEOs of OpenAI, Google DeepMind and Anthropic are among the hundreds of signatories. Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS). We just put out a statement:“Mitigating the risk of…

Bitcoin Magazine Feed

Paxful Announces Appointment Of Interim CEO Roshan Dharia

Paxful, a global peer-to-peer Bitcoin platform, has announced the appointment of Roshan Dharia as the new Interim Chief Executive Officer, effective immediately. This comes after a brief shutdown period of the exchange prior to the departure of Co-Founder and former CEO Ray Youssef.According to a press release sent to Bitcoin Magazine, Dharia will be responsible…

CoinDesk Feed

ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research

ProShares' bitcoin (BTC) futures exchange-traded fund (ETF) is increasingly underperforming BTC this year, diminishing its appeal as a vehicle for betting BTC’s price appreciation, according to digital asset research firm K33 Research’s report.The price of ProShares’ Bitcoin Strategy ETF (BITO) has risen 47% year-to-date, trailing BTC’s 60% gain over the same period, K33 Research noted.The…

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Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’

Headquartered in Dubai, Bybit plans to leave Canada while exploring expansion into new markets like Kazakhstan. Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.In a May 30 blog post, Bybit said it will not accept account opening…