May 2023 | Page 4 of 211 | Last Cryptocurrency News Feed

Fantom starts paying developers to generate gas fees

Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months. 167 Total views 19 Total shares A new program from the Fantom Opera network team will pay developers for the gas fees they generate from users, according…

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NFT collections take massive price hit in 2023: Nifty Newsletter, May 24–30

In this week’s newsletter, read about some of the most popular nonfungible token (NFT) collections and top metaverse properties taking massive price hits in 2023. Check out how the Hong Kong Police Force launched its own metaverse platform, and how Reddit’s digital collectibles have managed to onboard almost 10 million users to the crypto and…

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Web3 gaming gets competitive: QORPO Game Studio joins Cointelegraph Accelerator

Web3 game developer QORPO Game Studio aims to introduce competitive esports to the Web3 gaming ecosystem. 255 Total views 3 Total shares The Web3 gaming world saw consistent growth and exciting developments in the first quarter of 2023, according to a DappRadar report. Traditional Web2 gaming companies started to notice blockchain technology’s potential, resulting in…

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Price analysis 5/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

After rising for four successive months, Bitcoin (BTC) is on track to end May with losses of about 7%. Another noteworthy thing in May is that Bitcoin’s 30-day volatility dropped to 1.52%, which is far below the yearly average 4% and higher. Glassnode data shows that Bitcoin’s low volatile periods have only lasted for 19.3%…

Cryptocurrency News Feeds

Mass Layoffs At Binance? Company Admits to “Reevaluating” Roles

Binance – the world’s largest cryptocurrency exchange – has confirmed that its “reevaluating” its talent base following an external report that the firm plans to lay off roughly 20% of its workforce next month. The report presents a stark contrast to Binance’s position of strength last year, having stood out among industry leaders for continuing…

CoinDesk Feed

USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown

Stablecoin issuer Circle Internet Financial has ditched all U.S. Treasury bonds from its USD Coin (USDC) backing reserves as part of precautionary measures to protect from a potential fallout from the looming U.S. debt ceiling showdown.The Circle Reserve Fund, managed by global investment giant BlackRock, held all of its $24 billion of assets under management…

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Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun

Multichain, one of largest bridging protocols in the crypto ecosystem, said Wednesday it was suspending cross-chain routes and revealed that its CEO Zhaojun could not be contacted.“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances,” the account tweeted. “The team has done everything possible to maintain the protocol…

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U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl

U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline.The prominent member of the Senate Banking Committee referred to data from research firm Elliptic that revealed more than 90 Chinese businesses offering to ship fentanyl precursors,…

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A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

A new bill introduced in the House would clarify that a digital asset that is sold as part of an "investment contract" does not necessarily become a security. If passed, the Securities Clarity Act would help settle one of the most debated legal questions in the crypto space and make it more difficult for the…

CoinDesk Feed

StepStone VC Raises $97M for Two Blockchain Funds

The venture capital arm of StepStone Group (STEP), a global private markets firm with $138 billion in assets under management, has raised a combined $96.54 million for two versions of a blockchain-focused private equity fund, according to filings with the U.S. Securities and Exchange Commission. The existence of the funds were revealed in disclosures last…