BTC price performance looks limp on the last day of May, with the 200-week moving average rapidly coming into view. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-risks-new-lows-into-monthly-close-as-btc-price-retests-27k
Month: May 2023
TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch
On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet. Over the past five years, Tron developers claim that the blockchain has processed 5.6 billion transactions and…
CNHC stablecoin issuer detained by Chinese police: Report
KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China. Source: https://cointelegraph.com/app/public/index.php/news/cnhc-stablecoin-issuer-detained-by-chinese-police-report
Bitcoin played second fiddle as KAVA, XRP, TRX, RPL and RNDR led the crypto market in May
The cryptocurrency market experienced a dull month with Bitcoin (BTC) dropping 7.37%, its worst performance since November 2022 and Ethereum (ETH) losing 0.22% in May. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the growth of the Ethereum staking…
Former House Rep blames industry outsiders for associating crypto with bank’s failure
Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse. In a May 30 hearing before the New York State Senate, Frank said he had “no mea culpas” regarding the failure of Signature, claiming that the…
Kraken is recognized as a Newsweek Top 100 Global Most Loved Workplace
Kraken is excited to announce that we have been named #16 in Newsweek’s Top 100 Global Most Loved Workplaces® list. We are also the only crypto company on the list. This recognition reflects Kraken’s ongoing commitment to building a flexible workplace that prioritizes employee well-being. Newsweek’s rankings, backed by the rigorous analysis of the Best Practice Institute, are based on…
AB de Villiers ventures into Web3
AB de Villiers is a household name in the world of cricket, renowned for his swashbuckling batting style and records in the shorter formats of the game. Perhaps less well known is his involvement in the Web3 and cryptocurrency space as he moves on from an illustrious sports career. The 39-year-old South African sat down for a wide-ranging interview with…
Binance plans new round of layoffs amid increased regulatory scrutiny
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any employees. According to the exchange, the decision is not a downsizing but rather a resource reallocation. “As we prepare for…
Bitcoin fragments could become more valuable than full Bitcoins
Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially. To provide some context, the Ordinals Protocol allows for the ordered identification of satoshis, the smallest subdivision of a Bitcoin (BTC), enabling each of them to have an individual identity. From that people can inscribe sats with…
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to verify the identities of all customers. Source: https://cointelegraph.com/public/index.php/news/aml-rules-for-digital-assets-to-come-into-effect-in-uae