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.
Kenyan lawmakers are considering a 3 percent tax on the transfer of cryptocurrencies and non-fungible tokens, and a 15 percent tax on online monetized content, under a newly introduced bill.
Funds on the platform of bankrupt cryptocurrency broker Voyager Digital could begin returning to creditors in the "coming weeks," the Voyager creditors committee said
Montana Governor Greg Gianforte has signed a bill that primarily prevents local governments in the state from passing laws banning cryptocurrency mining.
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 North Carolina House of Representatives has unanimously passed legislation aimed at banning payments to US states using central bank digital currencies, or CBDCs.
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.
The Economic Affairs Committee of the French Senate recently approved an amendment to pending legislation that would allow registered cryptocurrency companies to hire social media influencers for advertising and promotions.
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."
The managing director of the International Monetary Fund has claimed that a retail central bank digital currency (CBDC) could have myriad unforeseen “consequences.”
