Markets
Sam Altman's Worldcoin Raises $115M for Decentralized IDs
Crypto project Worldcoin has reportedly raised $115 million in a Series C round led by Blockchain Capital. Funds will be used to support its decentralized World ID and recently released World App, a crypto wallet.Christopher SmithDigital Currency Group Shuts Institutional Trading Unit TradeBlock
Venture capital group Digital Currency Group (DCG) is shutting down its prime brokerage subsidiary TradeBlock, citing uncertainty over broader economic conditions and the US cryptocurrency regulatory environment.Hallie GillMicrosoft urges lawmakers and companies to 'tighten' AI guardrails
Brad Smith, chief executive of big tech firm Microsoft, called on the government to "move faster" and on businesses to "step up the pace" amid a dramatic acceleration in the development of artificial intelligence.Jerry McNeill"Exhausted all options" - cannot be closed after being hung up by investors
Unbanked, a cryptocurrency fintech firm that provides cryptocurrency custody and payment services, has become the latest company to close shop while citing the harsh regulatory environment for cryptocurrencies in the United States.James DeanChinese city releases draft metaverse industry development policy
On May 24, the Chinese city of Zhengzhou announced a series of policy proposals to support Metaverse companies operating in the region.Barry StidhamBitcoin Soars to Second Largest NFT Chain, StepN Integrates Apple Pay
Non-fungible tokens (NFTs) are still making waves in the Bitcoin community, and the network has quickly become the second-largest NFT chain, according to CryptoSlam.Sherry CantwellCrypto Hacks in Q1 Just 'Temporary Respite' - Blockchain Firm
Despite a significant drop in cryptocurrency hacks in the first quarter of 2023, the cryptocurrency community is still being urged not to let their guard downSherry CantwellBitcoin FOMO Gone, Portfolio Managers Are Taking BTC Seriously 3iQ CEO
With Bitcoin Hype, Institutional investors and portfolio managers have come to view the major cryptocurrency as a “significant place” to invest, according to Fred Pye, CEO of 3iQ, Canada's first bitcoin fund issuer.Cornell RachelCrypto.com Adds Payment Support for MATIC, USDC, and DAI
Singapore-based cryptocurrency exchange Crypto.com has recently updated its decentralized finance (DeFi) wallet service with support for fiat-to-crypto purchases in more countries and the launch of three new tokens.Jerry McNeillJack Dorsey's TBD announces new Web5 toolkit
TBD, a division of fintech firm Block, led by CEO Jack Dorsey, announced a novel Web5 decentralized web platform on May 19 at Bitcoin 2023 in Miami.Martha GrizzardAustralian Securities Exchange officially abandons blockchain plans
Australia's stock market operator has dropped plans to rebuild its software platform using blockchain technology, marking a major rejection of the once-famous concept that gained prominence alongside cryptocurrencies.Jerry McNeillSingapore family office to set up digital bank in Bahrain
Singapore-based family office Whampoa Group will open a digital bank in Bahrain, the Kingdom's Economic Development Council said on May 18.James DeanEx-CFO indicted for diverting $35M to cryptocurrency ventures
Nevin Shetty, the former chief financial officer (CFO) of a Seattle startup, was instructed on May 17 in the US District Court in Seattle for wire fraud.Craig GreenEIon Musk rebukes OpenAI's for-profit pivot after $50M investment
Billionaire Elon Musk has questioned the legitimacy of becoming a for-profit venture after investing roughly $50 million in OpenAI, the company behind ChatGPT.Martha GrizzardUK trade body Kraken mocks lawmakers for describing cryptocurrencies as 'gambling'
Self-regulatory group CryptoUK and cryptocurrency exchange Kraken have slammed a recent report by a group of UK lawmakers that suggested cryptocurrencies should be regulated in a similar way to gambling.Craig GreenChinese Prosecutors Crack Down on 'Pseudo-Innovation' in NFT Market
On May 15, the Supreme People's Procuratorate of the People's Republic of China the state agency responsible for legal prosecutions shared its views on the non-fungible token (NFT) market.Jerry McNeillCrypto retail transactions should be regulated as gambling - UK lawmakers
Trading of so-called "unsecured cryptoassets" such as Bitcoin and ether. It should be regulated as gambling rather than a financial service, a group of British lawmakers said in a new report.Sherry CantwellLightning Labs Rolls Out Protocol Update to Help Fix Bitcoin's BRC-20 Issues
Bitcoin Users have gained a potentially more efficient way to mint new assets on the blockchain after Lightning Labs released an updated version of its recently rebranded Taproot asset protocol.Craig GreenTrusted' Marketplace Sells Fake Trezor Wallets for Stealing Cryptocurrency - Kaspersky
With the growing popularity of hardware cryptocurrency wallets, Russian cybersecurity firm Kaspersky has reminded users of the importance of using genuine encryption devices.Martha GrizzardOptimism's major "Bedrock" update is scheduled for June 6th
Optimism, a layer 2 scaling solution, is getting a highly anticipated Bedrock upgrade on June 6th. The move is expected to significantly reduce transaction fees, provide greater network security and enhance compatibility with Ethereum.Jerry McNeill
