Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President Gets Indicted The Official Trump…
Arbitrum’s newly-launched ARB token sank Sunday as the network sought to clear a cloud of confusion that descended over its DAO’s first vote—which organizers say was effectively meaningless. The leadership behind the Ethereum scaling solution announced earlier this month that it was forming a decentralized autonomous organization or DAO, which coincided with the launch of a governance token named ARB.…
Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor client’s transactions. Challenges include having applications rejected, accounts frozen, and being overwhelmed with paperwork. Crypto companies have even complained to the government of…
Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach might make the city the “center of gravity” for cryptocurrency trading and investments. Source: https://cointelegraph.com/public/index.php/news/us-crackdown-will-push-crypto-s-center-of-gravity-to-hong-kong-kaiko-ceo
While three American citizens brought the case, the lawsuit alleges that “millions” of people could be eligible for damages. Source: https://cointelegraph.com/public/index.php/news/cz-binance-influencers-face-1b-lawsuit-for-unregistered-securities-promo
Multiple factors have driven the development of artificial intelligence (AI) over the years. The ability to swiftly and effectively collect and analyze enormous amounts of data has been made possible by computing technology advancements, which have been a significant contributing factor. Another factor is the demand for automated systems that can complete activities that are too risky, challenging or time-consuming…
Bitcoin will spark “massive” liquidations if it rises to take out ask liquidity around $30,000, the latest BTC price analysis says. Source: https://cointelegraph.com/public/index.php/news/btc-price-targets-fix-on-35k-as-bitcoin-eyes-massive-liquidity-squeeze
Illustration by Mitchell Preffer for Decrypt In the crypto media this week, the single biggest bit of news was the announcement that the Commodity Futures Trading Commission (CFTC)—America’s leading derivatives regulator— is suing crypto’s top exchange by trading volume, Binance, along with CEO Changpeng “CZ” Zhao, allegedly for unlicensed derivatives trading. The lawsuit doesn’t end there. The exchange also stands…
Famed “Big Short” investor Michael Burry tweeted Thursday, telling his 1.4 million followers, “I was wrong to say sell.” The tweet follows Burry’s warning for months that the U.S. was headed for an “extended multi-year recession” and his decision to dump all of his stocks but one in August 2022. Burry: ‘I Was Wrong to Say Sell’ Michael Burry, known…
Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S.…
