Industry
Original NFT? Months Before Bitcoin Pizza Day, Someone Tried to Sell JPEGs for BTC
On May 14, Crypto Twitter was briefly ignited by suggesting that the world’s first real-world purchase made with Bitcoin might be a JPEG rather than a pizza.Barry StidhamEthereum's Beacon Chain Updated After Finality Issues
Ethereum core developers rolled out patches to Prysm Labs and Teku clients within 24 hours to deal with two beacon chain finality issues. The beacon chain acts as the consensus layer for the Ethereum network.Christopher SmithTake a breath when Beacon Chain stops completing then resume
On May 11, an unidentified problem on the Ethereum Beacon Chain caused nearly half an hour of transaction finality.Cornell RachelCelsius Moves $781M in stETH as Lido Withdrawals Open
Troubled cryptocurrency lender Celsius appears to be running out of time to move its ethereum-collateralized tokens from liquidity-collateralized platform Lido, which has just enabled withdrawals.Martha GrizzardG7 Pushes to Accelerate Global Enforcement of Cryptocurrency 'Travel Rule'
The G7 committee recently met in Niigata, Japan, to discuss topics such as the impact of central bank digital currencies (CBDCs) on global finance and laws governing the transfer of crypto-assets.Hallie GillDOJ Hunts Down DeFi Hackers and Thieves
The U.S. Department of Justice (DOJ) crypto czar is cracking down on decentralized finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity.Jerry McNeillDigital asset market shrinks as outflows hit $200 million
On May 15, the European cryptocurrency investment company CoinShares released the latest "Digital Asset Fund Flow Report".James DeanBIS Publishes Comprehensive Document on Offline CBDC Payments
The Bank for International Settlements (BIS) is actively exploring offline payment opportunities involving central bank digital currencies (CBDC).Hallie GillFiat-backed stablecoins could be used for bail in New York under proposed bill
A New York lawmaker has introduced a new bill that would accept dollar-pegged stablecoins as a legal form of paying bail.James DeanBears 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.Barry StidhamMilady 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.Christopher SmithFederal 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.Wayne IngramSingaporean 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.Hallie GillAragon 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.Jerry McNeillLG 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).Sherry CantwellUAE'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.Craig GreenMontenegro 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.Christopher SmithCrypto 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.Wayne IngramElon 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.James DeanBlockFi 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.Barry Stidham
