May 2023 | Page 23 of 211 | Last Cryptocurrency News Feed

Bitcoin Charted 3-Week High as Crypto Markets Added $30B Overnight (Market Watch)

Shortly after the US government said it reached some sort of a deal regarding the debt ceiling, BTC jumped by over a grand to register a three-week high. The altcoins are also in the green today, with ETH tapping $1,900 for the first time since early May. BTC Shot Up to Local Peaks Bitcoin was…

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Fantom Will Pay Back 15% of Token Fees to Some Projects

Fantom blockchain will reward projects that utilize its network and contribute toward high usage of gas fees in a bid to drive increased demand for block space, developers said Sunday in a tweet.Eligible applications will be rewarded 15% of the gas fees they produce, providing developers with marginal extra income.This is part of a planned…

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Temasek Slashes Pay for Executives Who Recommended Investing in FTX (Report)

Temasek Holdings, a private company whose sole stakeholder is the Singaporean Government and whose only purpose is overseeing investments for said government, was responsible for the second-largest investment into FTX. Poor Judgement Prior to the collapse of FTX, Temasek’s investment was worth about $275 million, representing 0.09% of the company’s total investment portfolio worth about…

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Shiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans

Floki (FLOKI) spiked over 10% on Sunday and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused push for its Valhalla metaverse game.Trading volumes for the tokens, which are fashioned after the Shiba Inu dog breed, jumped to over $60 million, up from last week’s $25…

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Lawyer uses ChatGPT in court and now ‘greatly regrets’ it

The court used the word “bogus” to describe the quotes and citations the New York attorney provided, which were sourced from ChatGPT. 683 Total views 8 Total shares A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.Steven Schwartz, an attorney with the…

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‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto

Cryptocurrency trading is legal in Indonesia, but the use of crypto for payments carries hefty penalties, including jail time. 1360 Total views 15 Total shares Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender.On…

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

Former BitMEX CEO Arthur Hayes believes it will cause significant volatility in Bitcoin as well, suggesting it won't likely reach a new all-time high this year. 1499 Total views 23 Total shares Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder…

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Reddit collectible avatars onboard nearly 10M into the crypto, NFT space

The popular social platform is about to hit a big milestone in terms of collectible avatar holders after launching “Reddit NFTs” in July 2022. 1041 Total views 15 Total shares Social platform Reddit is close to breaching 10 million holders of its collectible avatars, or “Reddit NFTs,” nearly 11 months after its launch in July…

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Bitcoin Rallies 4% on US Debt Limit Suspension Deal

Crypto markets are in the green during the Monday morning Asian trading session. The momentum has been driven by a debt ceiling deal between U.S. President Joe Biden and top congressional Republican Kevin McCarthy. However, the tentative agreement to suspend the federal government’s $31.4 trillion debt ceiling has yet to clear Congress. Nevertheless, it has…

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Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit

Developers behind the Arbitrum-based Jimbos Protocol are gauging the best way for the project to move forward after its version 2 (V2) faced a $7.5 million exploit over the weekend.Jimbos said it was working with security researchers to reclaim lost funds – the same people who’ve previously helped Euler Finance recover over $200 million –…