May 2023 | Page 6 of 211 | Last Cryptocurrency News Feed

Web3 developer Magic raises $52M in funding led by PayPal Ventures

The company has raised $80 million for wallet development since its inception in 2020. 890 Total views 5 Total shares On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms…

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Bitcoin hodlers exited ‘capitulation’ above $20K, new metric hints

Bitcoin (BTC) is in a “transition,” which should pave the way to the next bull market top, new research has concluded.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence.Bitcoin hodlers in “transition”After the 2022 bear market and signs of recovery in Q1…

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Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

[PRESS RELEASE – London, United Kingdom, May 31st, 2023] Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an…

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5 Years After the $500,000 Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?

The bet placed five years ago on the future of crypto feels like an echo from a completely different era.Announced at CoinDesk's Consensus conference in 2018 with a May 2023 end date, the wager emerged before the DeFi Summer of 2020, when development of decentralized financial products built on top of Ethereum exploded. Before the…

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USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment

Tether, issuer of the $83 billion USDT stablecoin, has invested an undisclosed amount in payment processor firm CityPay.io, according to a Wednesday press release.CityPay.io added USDT as payment option for users in over 600 locations including restaurants, shops and hotels in the Caucasian country of Georgia, Tether tweeted. CityPay.io linked to Binance Pay, the payment…

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Tether Expands Presence in Georgia With Investment in Payment Processing Company

Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company called, CityPay.io. The move is deemed as an “important milestone” for the payment processing industry benefiting customers across Georgia and CIS. According to the official blog post, Tether aims to bring greater efficiency…

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Binance Says ‘Reevaluating’ Roles After Report of Layoffs

Binance, the world's largest crypto exchange by trading volume, said it needs to "focus on talent density across its organization," as it responded Wednesday morning to a report of job cuts."This is not a case of rightsizing, but rather, reevaluating whether we have the right talent and expertise in critical roles, and therefore we will…

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EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets

Crypto companies should watch out for customers using privacy coins or self-hosted wallets as they try to spot potential money laundering activity, the European Banking Authority said in draft guidance published Wednesday.The plans, open for comment until August 31, follow a series of crackdowns on crypto tools which can enhance online privacy, but which lawmakers…

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Sotheby’s Second 3AC NFT Auction Includes Landmark Dmitri Cherniak Work

Sotheby's is set to auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing high-value NFTs like Dmitri Cherniak's Ringers #879 (often referred to as "The Goose") out from the vault for the first time since 2021.The second sale of 3AC collectibles from the "Grails" collection will be…

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EU, US should push for AI code of conduct: EU tech chief

The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws. 115 Total views 1 Total shares Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence…