It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido which has just enabled withdrawals. On May 15, a transaction was identified on Celsius wallets for 428,015 stETH (Lido staked Ether) to the Lido staked Ethereum wallet. The whopping stash was worth $781 million at the time of…
Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s been skyrocketing this month. The…
The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto regulation, stating that any rulemaking may take years and that enforcement actions will suffice in the meantime. According to court documents filed on May 15, the SEC argued that it is under no obligation to meet the…
The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place. In a May 15 keynote speech at the Financial Markets Conference, Gensler was asked about the dispute with Coinbase, the rules…
In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions and revealed their little-known NFT collection. Source: https://cointelegraph.com/app/public/index.php/news/secret-service-praise-blockchain-reddit-ama
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability of the country. ‘Accountability for…
The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology’s ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA). On May 15, representatives from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) opened themselves to questioning from members…
An open-source artificial intelligence (AI) model is reportedly being prepared for public release by OpenAI, the firm behind the AI chatbot ChatGPT. In a May 16 report in The Information citing a person with knowledge of the plan, OpenAI is undertaking the move as pressure mounts from competing open-sourced AI models, such as those from Meta released in February. The…
intermediate The project is based on the Storj network, which, among other things, allows users to lease their free disk space. You can get access to the network and rent available storage resources after paying the STORJ cryptocurrency. In this way, the founders encourage any user to become a kind of small cloud storage provider and receive a reward for…
beginner Market volatility is nothing new, but it has reached its height in recent years. This has led to a lot of hype and buzz around stablecoins, which are designed to maintain their value regardless of market trends. The USDT Tether token is one of the most popular stablecoins on the market, and many traders have turned to it to…
