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Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

Embattled crypto lender Celsius Network is shaking up its ether (ETH) staking strategy, congesting the already month-long queue to activate new validators on the Ethereum network. Over the course of two days, the firm has been diligently moving ETH into staking…

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Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data

Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns. The largest cryptocurrency by market capitalization…

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Mercado Bitcoin, Brazil’s Largest Crypto Exchange, Receives License as a Payment Institution

Mercado Bitcoin, Brazil's largest crypto exchange, was licensed as a payment institution by Brazil's central bank on Friday, Valor Economico newspaper reported. The company is now authorized to operate as a payment institution, under the status of an electronic money issuer.…

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Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software

Bitcoin miner Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, up 77% from previous month with the help of its proprietary software. “The increased production was due to an increased hash rate and a significant increase in transaction fees, which…

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Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions

The Blockchain Association has filed an amicus brief in an ongoing lawsuit by think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control. In the suit, filed last October, Coin Center has alleged…

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U.S. House Republicans Push for Crypto Oversight With Bill to Make SEC Play Ball

Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two…

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Bridge Exploits Cost $2B in 2022, Here’s How They Could Have Been Averted

In the evolution towards a full multi-chain future, bridges remain more vulnerable to hacks than cryptocurrency networks themselves. In 2022 alone, over $2 billion in assets was stolen from token bridge exploits. The worst part is that they could have all…

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Sotheby’s Golden ‘Goose’ Sale and Mercedes Benz Puts NFTs in Motion

This week, Sotheby’s announced the next sale of rare NFTs from bankrupt 3AC’s coveted collection seized by liquidators in July 2022. The highlight of this sale is Dmitri Cherniak's “The Goose,” which is expected to fetch a golden sum. Meanwhile, Mercedes…

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Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon Blockchain

Taurus, which offers custody, tokenization and trading of digital assets, has linked with the Ethereum scaling network Polygon as the tokenization of real-world assets gains traction among financial institutions and large companies. The link-up with Polygon includes support for staking and…

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Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark

Burak Keceli, the 24-year-old self-taught Bitcoin developer and researcher who disrupted a large chunk of Bitcoin’s Lightning Network last year, is now proposing a new layer 2 protocol dubbed Ark that he says will solve Lightning’s “inbound liquidity" problem. Inbound liquidity…

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U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

The U.S. economy added 339,000 jobs in May, according to a Friday morning report from the Bureau of Labor Statistics (BLS). That's ahead of an upwardly revised 294,000 jobs in April and sharply higher than economist forecasts for 195,000. April's job…

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Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi

In a turbulent month for the cryptocurrency market, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firm De.Fi shows. The amount is a nearly half…

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Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

Bitcoin (BTC) is experiencing selling pressure at the $28,000 price level, and miners may be responsible, crypto-services provider Matrixport said in a report Friday. Matrixport said it suspects that bitcoin miners are being forced to liquidate any new inventory produced because…

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Binance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On

Binance Australia halted Australian dollar (AUD) deposits and withdrawals by bank transfer as announced last month, the exchange said on Thursday. On May 18, Binance Australia said it would no longer facilitate AUD bank transfers using PayID "due to a decision…

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Coinbase Derivatives Exchange to Offer Institutional Bitcoin and Ether Futures

Coinbase Derivatives Exchange, the regulated futures offering by crypto exchange Coinbase (COIN), will offer bitcoin (BTC) and ether (ETH) tracked futures for institutional clients starting June 5, it said in a Thursday release. Coinbase said it created these products to cater…

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Netflix Shareholders Vote to Reject Executive Pay Packages

The vote, after the union representing striking writers urged opposition, can be overruled by the streaming giant’s board of directors.The NewsNetflix shareholders voted on Thursday to reject the lucrative pay packages of the company’s leaders, including the co-chief executives Ted Sarandos…

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First Mover Asia: Bitcoin Has Reached ‘a General Accumulation Phase’: Analyst

Good morning. Here’s what’s happening: Prices: Bitcoin remained below $27K, but an analyst says that the largest crypto by market value is in an "accumulation phase." Insights: BRC-20 tokens reach toward a $500 million market cap, and Glassnode data shows that…

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U.S. Commodities Agency May Change Risk Rules to Consider Crypto

The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commissioner Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from holding customers’ digital assets.…

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Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks

Stablecoin issuer Tether’s USDT has regained its previous all-time high market capitalization despite a shrinking stablecoin market. USDT reached an $83.2 billion market capitalization on Thursday, the company reported, equaling its previous peak little more than a year ago. It has…

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Bitcoin Lingers Under $27K to Continue Its May Sluggishness Amid Inflation Concerns

May gray turned to June gloom on Thursday as crypto prices veered slightly into the red. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $26,950, down 0.5% over the past 24 hours and the second consecutive day…

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Japan’s Largest Airline Group ANA Launches NFT Marketplace

Japan's largest airline group holding company All Nippon Airways (ANA) has launched a non-fungible token (NFT) marketplace featuring aviation photography, digital collectibles and more on the Ethereum blockchain. At launch, the marketplace supports the MetaMask wallet as well as payments with…

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Synthetix Community Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market

Community members of Synthetix, a liquidity and derivatives trading protocol built on Ethereum, approved a plan intended to get customer money still on the soon-to-shut version one (v1) of its perpetuals market moved over to version two (v2). Though v1 has…

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MakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase

The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. Voters unanimously favored opening a new real-world…

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MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

Decentralized finance (DeFi) lending protocol MakerDAO’s community has voted to ditch $500 million Paxos Dollar (USDP) stablecoin from its reserves, impacting half of the token’s supply. Voters unanimously favored to decrease the debt ceiling for USDP to zero from $500 million,…

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As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged Tokens

The chaos at bridge-builder Multichain (MULTI) is stirring concern in the Fantom (FTM) ecosystem despite assurances from the Fantom Foundation. DeFi protocols are trying to insulate themselves from a potential bridge outage that could devalue or even strand wrapped assets –…

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GameStop Teams Up with The Telos Foundation to Grow Web3 Gaming Strategy

Leading game retailer GameStop (NYSE: GME) is teaming up with The Telos Foundation, the organization behind the layer 1 blockchain Telos, to expand its Web3 gaming offerings. The deal will link Web3 games utilizing Telos' decentralized blockchain infrastructure to GameStop’s upcoming…

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Qatar Didn’t Properly Enforce Its Crypto Ban, Global Money Laundering Watchdog Says

Qatar has taken little action against crypto companies breaching a ban announced in 2019, a global anti-money laundering watchdog said in a Wednesday report. The Financial Action Task Force (FATF) urged the Qatar Central Bank (QCB) to be more proactive in…

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Treat Crypto as Securities by Default, European Parliament Study Says

Crypto assets should be treated as securities by default, and the autonomous organizations that govern decentralized finance (DeFi) should be granted legal status, according to a study commissioned by lawmakers at the European Parliament that was published Tuesday. The report comes…

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