Bitcoin worth $1 million, The price bet was 97% below its price target, with backer Balaji Srinivasan opting to donate a total of $1.5 million to three different entities as a settlement.
Shares in cryptocurrency exchange Coinbase will remain "under pressure" until regulators create legal "rules of the road" in the US, analysts at Citi Investments said.
On May 2, the European cryptocurrency investment company CoinShares released the latest "Digital Asset Fund Flow Weekly Report", reporting that the digital asset market experienced bearish sentiment for the second consecutive week, with a total of $72 million in outflows.
The administration of US President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy states that the United States will prioritize standard-setting in eight areas.
The US Court of Appeals for the Third Circuit has responded to a complaint against the US Securities and Exchange Commission (SEC) that digital asset trading needs clear rules, according to a May 4 announcement by Coinbase Chief Legal Officer Paul Grewal.
Nigerian Government - One of the Most Curious Countries in the World About Cryptocurrencies Like Bitcoin - Approval of a National Blockchain Policy at the May 3, 2023 meeting. The approval comes in response to a memorandum submitted by Communications and Digital Economy Minister I sa Ali Ibrahim.
Four US-based media outlets continue efforts to reveal the identities of non-US FTX clients, with new objects to previous motions to seal their identities.
US Securities Regulators have delayed approving a definition of the term "digital asset" in running reporting disclosures by hedge funds and prive eq. UITY FUNDS, Despite Proposing to do So About Nine Months Ago.
A former OpenSea manager accused of NFT insider trading was found guilty of wire fraud and money laundering in New York federal court on May 3, Reuters reported.
Lawyers and consultants who assisted cryptocurrency exchange FTX through bankruptcy proceedings will cash out a total of $103 million in the first quarter.
The Biden administration has again pushed for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of an effort to minimize the industry's alleged impact on climate change.
Defunct cryptocurrency lender Celsius Network is seeking to merge its UK and US entities, as new court documents say any alleged distinction between the two companies is "spurious."
US Congressmen Warren Davidson and Mike Flood have sent a letter to the chairman of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the "President's Economic Report" that expresses "hostility toward the United States." Viewpoint "Digital Asset Ecosystem."
Public cryptocurrency exchange Coinbase is advancing a global derivatives platform as the cryptocurrency industry faces regulatory challenges in the United States.
Cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement over more than 65,000 apparent violations of multiple sanctions programs, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced.
Nigeria, one of the most curious countries in the world about cryptocurrencies like Bitcoin, is preparing new industry regulations for digital asset platforms.
Decentralized exchange (DEX) Chronos set a new milestone on May 4, reaching a total value locked (TVL) of $217 million at the time of writing, just seven days after its launch on the Arbitrum blockchain .
Moderators of the popular trading subreddit r/WallStreetBets have dumped most of their WSB Coin (WSB), a token project claiming to be the official memecoin of Wall Street Bets.
Decentralized exchange Level Finance suffered a security breach that allowed attackers to steal more than $1 million in the exchange's native Level Finance (LVL) token.
