Industry
Bears Push Crypto Events to Cut Fluff, Prioritize Discussions
The extended crypto winter has prompted crypto event organizers to tone down the extravagance, allowing attendees to focus on asking more “smart questions” about regulation and taxation.Seth RowdenMilady NFT reserve price soars after Elon Musk tweet
On May 10, American business mogul Elon Musk tweeted a meme created using images from the Milady Non-Fungible Token (NFT) series.Seth RowdenFederal Reserve's FedNow will be connected with Metal Blockchain
FedNow, the Federal Reserve's upcoming instant payments service, will be connected to Metal Blockchain, according to a May 11 announcement from the Metal Blockchain team.Herman HayesSingaporean researchers devise new 'more efficient' DAO scheme
A team of researchers at the Singapore University of Social Sciences recently evaluated existing decentralized autonomous organization (DAO) voting schemes to determine which would be most effective.Herman HayesAragon rolls out defenses against Arca's '51% attack'
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has scrapped plans to give its native Aragon (ANT) token holders voting rights to the organization's future direction.Herman HayesLG Electronics files patent for NFT transactional TV
South Korean tech firm LG Electronics has filed a patent application for its blockchain-based smart TV that allows users to trade non-fungible tokens (NFTs).Herman HayesUAE's Crypto Infrastructure Is More 'Business-Friendly' Than US, Says Exec
At the recent Dubai Fintech Summit, Saqr Ereiqat, co-founder of venture capital firm Crypto Oasis, spoke about the infrastructure in the United Arab Emirates and how they are “ideal” for crypto businesses.Herman HayesMontenegro court formally accepts bail conditions for Terra Luna founder Do Kwon
Montenegro has approved the bail conditions proposed by lawyers for Terra founder Do Kwon, who has been charged with criminal offenses of document forgery under Montenegrin law.Herman HayesCrypto VCs Close $2.6B Worth of Deals in Q1 2023
Despite the bear market in the cryptocurrency space, venture capital (VC) firms are still making deals in 2023, showing that despite the "crypto winter," the space is still alive and well.Seth RowdenElon Musk announces he's stepping down as Twitter CEO
Twitter CEO Elon Musk announced he will transition to the social media platform's executive chairman and chief technology officer in about six weeks.Seth RowdenBlockFi Users to Recover $297 Million From Wallet Accounts
A US judge has approved bankrupt cryptocurrency lender BlockFi to return $297 million to customers who held deposits in its wallet program, Reuters reported on May 11.Herman HayesDraft EU AI bill updates public facial recognition ban
EU lawmakers have advanced legislation on artificial intelligence (AI) to the next stage after completing votes in two committees of lawmakers.Seth RowdenAnimoca Brands Reports $3.4B in Assets in Interim Financial Update
Venture capital firm Animoca Brands has released an interim financial report setting out key unaudited financials for the period ending April 30, 2023.Herman HayesSnapchat influencer turns simps into cash with AI doppelganger
A 23-year-old Snapchat influencer appears to have taken a page from SimpDAO by launching an AI-powered version of his girlfriend through OpenAI's chatbot ChatGPT.Seth RowdenCoinbase Calls Pepe a 'Symbol of Hate', Provoking Calls to Boycott the Exchange
An email sent to Coinbase customers that described the Pepe meme as a “hate symbol” co-opted by alt-right groups sparked outrage in the PEPE memecoin community.Seth RowdenCatch the scammers: Kraken creates fake crypto accounts to 'bait' scammers
US cryptocurrency exchange Kraken has offered a new way to flag malicious wallets setting up a fake cryptocurrency account on the exchange to “trick” bad actors.Seth RowdenRobinhood's Q1 cryptocurrency revenue down 30% from previous year
Cryptocurrency and stock trading app Robinhood reported its first-quarter results, with the company reporting a 30% year-over-year decline in revenue from its cryptocurrency trading business.Seth RowdenKenya Partners with Abu Dhabi Venom Foundation to Establish Blockchain and Web3 Hub
The Kenyan government has signed an agreement with Abu Dhabi-based blockchain platform Venom Foundation to launch a blockchain and Web3 hub in Africa.Herman HayesDCG settlement with Genesis still undecided as 30-day mediation period progresses
Digital Currency Group (DCG), the parent company of cryptocurrency firm Genesis Capital, has reported that there is no resolution of its “outstanding intercompany debt” that could help repay creditors.Herman HayesTether Has $1.5B of Bitcoin Reserves
BDO Italia's latest Proof Report on Tether shows that Bitcoin accounted for about $1.5 billion in stablecoin issuer reserves at the end of the first quarter, or roughly 2% of the total.Seth Rowden
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- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better
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