Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do.
Decentral Block Post
LayerZero partners with Immunefi to launch $15M bug bounty
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity.
Crypto.com adds Pay support for MATIC, USDC and DAI
The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens.
Ripple acquires Swiss blockchain custody firm Metaco for $250M
Metaco raised $17 million in a Series A funding round in 2020. The company raised $20 million in total before being acquired.
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms
Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector.
In a memo circulated among committee members, Democrats in the United States legislature sought to cement the SEC’s authority over crypto. The document was made public on May 10, including the argument that nearly all digital assets constitute securities. Moreover, according to Gensler’s view, even network nodes are in violation of securities laws.
The United Kingdom’s Treasury Committee “strongly recommended” on May 17 regulating retail crypto trading and investment activity as gambling, consistent with the principle of “same risk, same regulatory outcome.” Treasury Committee Chair Harriett Baldwin described Bitcoin and Ether as accounting for two-thirds of the total market capitalization of crypto assets, both of which she claimed are “unbacked.”
The $735 million Bitcoin weekly options expiry on May 19 might play a decisive role in determining whether the price will capitulate by falling below $26,000.
Bitcoin could be making a short-term bottom
Bitcoin bears will try to take advantage of the negative regulatory environment, and uncertainty caused by the risk of the U.S. Treasury ‘running out of funds’ as the debt ceiling approaches. Such a pessimistic scenario partially explains why some Bitcoin traders decided to reduce exposure over the past couple of weeks.
'One of the greatest' Bitcoin metrics says BTC price bull run is here
Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says.
In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite Decentrader, revealed history repeating itself according to the RHODL Ratio metric.
RHODL Ratiocreator on BTC price: "Zoom out"
RHODL Ratio is a method of tracking BTC price behavior based on the realized price of the supply — the price at which coins last moved.
Created by Swift in 2020, it compares the relative ages of coins which moved one week ago to those which moved 1-2 years ago.
This ratio gives an insight into the relative activity of short-term (STHs) and long-term holders (LTHs), and by extension the extent to which speculation is present on the market.
Bitcoin self-custody advocate explains why on-ramps are key to adoption
Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption.
Telegram addresses camera exploit, points to Apple macOS security permissions
Messaging app Telegram denies users were at risk after a security exploit was discovered that could allow attackers to gain control of a device’s camera on macOS systems.
Watch these BTC price levels as Bitcoin threatens to lose $27K support
Bitcoin (BTC) looked poised to give up $27,000 as support on May 17, with traders waiting for new lows.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView
Whales meet low liquidity
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $26,800 at the time of writing.
The pair had staged multiple crosses of the $27,000 mark the day before, with that level forming a low-timeframe focus now at risk of breaking down.BTC/USD annotated chart. Source: Crypto Tony/ Twitter
“3 wave up into resistance, followed by a retest and a rejection off resistance zone,” popular trader Crypto Tony summarized about recent activity.
He added that a potential target to wait for was now $26,400.
Anchorage Digital opens up DeFi voting for custody clients
Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.
Distributed ledger tech could save TradFi $100B a year: Lobby group
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously.
Crypto retail trading should be regulated as gambling: UK lawmakers
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.
Lightning Labs launches rebranded 'Taro' amid Bitcoin's BRC-20 bottleneck
Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network.
CoinShares posts highest quarterly earnings since Q1 2022
Crypto investment firm CoinShares posted its most profitable quarter in a year, according to its latest quarterly earnings report.
3 reasons why Ethereum price could struggle at the $1.9K level
Since May 12, Ether’s price has been struggling to sustain its $1,800 support level, as investors face pressures from a worsening crypto regulatory environment and the Ethereum network’s high gas fees. Also negatively impacting Ether’s (ETH) price are three indicators signaling reduced demand for its decentralized applications (DApps) and a lack of leverage buying demand from professional traders.
Regulators signal their plan to further limit crypto intermediaries
According to court documents filed on May 15, the United States Securities and Exchange Commission (SEC) has given a formal response in court in relation to Coinbase’s petition for clear crypto regulation. The SEC stated that any rulemaking may take years and that enforcement actions will continue in the meantime.
On May 16, the Economic and Financial Affairs Council of the European Union — comprising finance ministers of all member states — approved the highly anticipated Markets in Crypto-Assets (MiCA) regulation, which will come into effect by mid-2024.
Some argue that MiCA facilitates business growth in the region. Others focus on the privacy risks for personal users’ data and the risks imposed on non-custodial solutions, including decentralized finance applications.
The drop in DApp deposits is concerning
Can you recover stolen Bitcoin from crypto scams?
Recovering stolen Bitcoin from crypto scams is challenging due to the anonymous nature of blockchain transactions and jurisdictional issues.
Crypto community reacts to Ledger wallet's secret recovery phrase service
Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea.
How blockchain is revolutionizing the gaming industry?
GameFi is the new gaming frontier, providing an innovative model using blockchain and DeFi. Here’s all you need to know about blockchain-based games.
‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky
Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum
The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago.
This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However, LDO has greatly outperformed the broader crypto market (TOTAL), which is up only 4.5% since May 12.LDO/USD daily price returns vs. BTC/USD, ETH/USD and TOTAL. Source: TradingView
But what are the reasons why Lido DAO is outperforming the rest of the cryptocurrency market right now? Let’s take a closer look at the three biggest factors likely driving up LDO’s price.
Ether depositors’ return after Shapella
The LDO price recovery coincides with the net positive inflows into Ethereum’s proof-of-stake (PoS) contract in recent days.
Lido DAO is primarily an Ethereum liquid staking platform. It enables users to pool their funds to become validators on Ethereum, thus bypassing the network’s requirement of depositing at least 32 ETH.