This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.
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Binance provider in Brazil gets payment institution approval
Binance's partner Latam Gateway has been granted a license to operate as a payment institution and electronic money issuer in Brazil.
Bitcoin forgets Fed as trader eyes classic BTC price 'liquidity hunt'
Conditions are ripe for a Bitcoin range breakout, but fears among traders are that a deep correction is due.
Bitcoin forgets Fed as trader eyes classic BTC price 'liquidity hunt'
Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewPowell leaves market with "tons of uncertainty"
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading just below $27,000.
The pair had seen brief volatility after Jerome Powell, Chair of the Federal Reserve, gave new commentary on policy and the outlook for inflation.
While leaving the door open for change should it be required, Powell’s language did not offer risk assets clear signals. Responding, financial commentary resource, The Kobeissi Letter, warned that “tons of uncertainty” lay ahead.
Bitcoin nonetheless soon forgot the event, returning to a range already familiar from the weekend prior.
Bitcoin Ordinals' total mintage fees increase 700% from April: Report
The total number of Bitcoin Ordinals has surpassed 8 million since its inception in January.
Bitcoin Ordinals' total mintage fees increase 700% from April: Report
The total number of Bitcoin Ordinals has surpassed 8 million since its inception in January.
Monero community lashes out against ‘Mordinals’ amid privacy concerns
It’s always been possible to store arbitrary data alongside blockchain transactions, but NFTs on Monero introduce a slew of new concerns.
How crypto funds shape the development of the digital asset market
A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market.
Ripple vs. SEC: Could newly released documents tip the balance?
The court case between SEC and Ripple Labs has been ongoing for nearly two and a half years, but a summary judgment ruling could be made any day.
Ripple vs. SEC: Could newly released documents tip the balance?
The ongoing case of the Securities and Exchange Commission v Ripple Labs could have a significant impact on the future of cryptocurrency regulations.
Ripple first popped up in 2012 with the promise of providing financial institutions and other entities with faster, more affordable clearance of cross-border fund transfers. To that end, Ripple created the XRP Ledger and a cryptocurrency called XRP (XRP) to function as its native coin and facilitate transactions.
On Dec. 22, 2020, the SEC sued Ripple, alleging that the firm selling XRP represented an unregistered securities offering.
Ripple co-founder and former CEO Chris Larsen and current CEO Brad Garlinghouse were also named in the SEC’s charges.
Most entities on the receiving end of SEC enforcement actions choose to settle. In this case, however, Ripple chose to fight the charges — at great expense — and take the matter to court.
Bankrupt crypto hedge fund 3AC’s NFT auction fetches $2.5M
Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors.
Strike moves global headquarters to El Salvador, expands to 65 countries
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.”
$3M worth of customer funds swiped via alleged Swaprum DEX rug pull
Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up.
Bug in Aave V2 Polygon causes some assets to become stuck in contracts
The bug only affects the Polygon implementation, and V3 is unaffected
Blockchain technology platform Bakkt looks toward Europe after MiCA
Bakkt’s chief product officer, Dan O’Prey, expressed his optimism about the future of Bitcoin and the company’s outlook on regulated markets when he chatted with Cointelegraph at Bitcoin 2023.
Ethereum users are increasingly demanding self-custody: Casa CTO
Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method.
Ethereum users are increasingly demanding self-custody: Casa CTO
Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method.
Bitcoin production growth and capital strategy guiding Marathon Digital: CEO
In an exclusive interview with Cointelegraph at the Bitcoin Conference, Marathon Digital CEO's Fred Thiel spoke about the mining company's response to the bear market.
BitDAO passes BIP-21 token optimization and branding proposal
A proposal to unify branding between the Mantle network and BitDAO passed with overwhelming support.
US Justice Department on the hunt for DeFi hackers and thieves: Finance Redefined
The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.