Category: News

Bitcoin - Cryptocurrency - News

Bitcoin trades in $29K ‘no man’s land’ as Tesla ESG fallout routs stocks

Tesla’s removal from the S&P 500 adds to an already bearish trajectory while BTC/USD stays stuck below $30,000. Bitcoin (BTC) stayed $1,000 lower on May 19 after a grim trading session on Wall Street the day before put pay to further upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Musk blasts ESG “scam” after S&P…

Bitcoin - Cryptocurrency - News

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an…

Bitcoin - Cryptocurrency - News

Singer Kiesza backs robot NFT to give prosthetic limbs to a young man and a dog

The proceeds will be used to 3D print a leg for a dog named Cuco and an arm for a young man named Jesus. In a positive twist for the nonfungible token (NFT) mania, Canadian singer Kiesza backs an NFT drop called MetaMoves in partnership with NFT marketplace Portion aiming to provide funds for patients…

Bitcoin - Cryptocurrency - News

Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more

The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board. Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection…

Bitcoin - Cryptocurrency - News

The Dept. of Commerce has 17 questions to help develop a crypto framework

The DoC’s series of 17 questions is set to be published on May 19 and asks for comments from the public that will inform the department’s creation of a regulatory framework for crypto businesses. The US Department of Commerce is calling for submissions on how it can establish a framework that will bolster American economic…

Bitcoin - Cryptocurrency - News

Coinbase launches new crypto think tank to help shape policies

Coinbase’s new “crypto native think tank” features an advisory board of finance and law academics from top United States universities and will publish original research to shape policies around crypto. Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation around policies for digital assets. The…

Bitcoin - Cryptocurrency - News

‘Huge testing milestone’ for Ethereum: Ropsten testnet Merge set for June 8

“Merging Ropsten is a huge testing milestone towards Ethereum’s mainnet merge later this year,” said Preston Van Loon, an Ethereum core developer at Prysmatic Labs. The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to the Merge testnets page on Github,…

Bitcoin - Cryptocurrency - News

Crypto jobs market holding up despite tech industry cutbacks

Crypto-specialist recruiters say they have not witnessed a downturn in crypto-related job opportunities, despite a myriad of staff lay-offs in the wider tech industry. The crypto job market shows few signs of slowing down despite high profile cases of staff layoffs and hiring freezes across big tech companies.  In recent weeks, several major tech companies…

Bitcoin - Cryptocurrency - News

Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’

“Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow. Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world…

Bitcoin - Cryptocurrency - News

‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

After over two years, the feared investigative and prosecutorial team has been reformed by the new President to look into the mess caused by Terraform Labs. Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant “Grim Reapers of Yeoui-do” to investigate Terra’s…