Markets
Crypto 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 McNeillThe Secret Service Owns Crypto, Loves Blockchain and Has an NFT Collection
The US Secret Service owns cryptocurrencies, has its own collection of NFTs, and praised blockchain technology's ability to fight financial crime, Reddit users learned in a recent “Ask Me Any Question” (AMA).Sherry CantwellSouth Korean Authorities Raid Upbit, Bithumb Crypto Exchanges After Political Scandal
South Korean prosecutors have raided the offices of two local cryptocurrency exchanges amid an investigation surrounding lawmaker Kim Nam-guk's digital assets.Jerry McNeillOpenAI CEO Receives $100M in Worldcoin Funding in 'Advanced Talks'
OpenAI boss Sam Altman is reportedly in "advanced talks" to secure $100 million in funding for Worldcoin, a project to create a collectively owned and globally distributed cryptocurrency.Craig GreenTexas Votes to Add Crypto to State Bill of Rights
Legislators in the U.S. state of Texas have voted to amend the state’s bill of rights and add a provision recognizing the right of individuals to own, retain and use digital currencies. The decision was made on Wednesday, May 10.Craig GreenLido Supports Withdrawals, Redeem $500,000 worth of stETH within 3 hours
The Lido liquidity staking protocol enabled ethereum withdrawals for the first time, according to data from Parsec Finance on May 15.Wayne IngramChatGPT creator OpenAI is releasing an open-source AI model
OpenAI, the company behind the AI chatbot ChatGPT, is reportedly preparing to publicly release an open-source artificial intelligence (AI) model.Sherry Cantwell
