The draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and crypto asset buying, selling, and transfer transactions. Source: https://cointelegraph.com/news/turkey-crypto-legislation-international-standards
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Base to Launch Online Hackathon With 200 ETH in Prizes, Sponsored by Stripe, Shopify, and More
Base, the Ethereum Layer 2 solution incubated by Coinbase, has announced the Onchain Summer Buildathon. The event, which runs from May 31st to June 30th, invites builders worldwide to showcase their skills in various onchain use cases, including payments, commerce, gaming, and social. The Buildathon offers 200 ETH in total prizes across eight sponsored tracks, […] Source: https://news.bitcoin.com/base-to-launch-online-hackathon-with-200-eth-in-prizes-sponsored-by-stripe-shopify-and-more/
Bitcoin bridge XLink resurrection underway post $10M hack
XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood whitehat hacker. Source: https://cointelegraph.com/news/bitcoin-bridge-xlink-hack-recovery
Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
Bitcoin ETFs see daily volumes of nearly $6 billion in a return to levels not seen since late March, with BTC price hitting new May highs. Source: https://cointelegraph.com/news/bitcoin-etf-volumes-7-week-high-btc-price-67k
Tim Draper Champions Blockchain Startups: Announces Major Partnership With Stellar
Renowned venture capitalist Tim Draper announced a significant collaboration between Draper University and Stellar. The partnership aims to accelerate and fund up to 80 startups over the next two years, with these startups set to build on the Stellar blockchain platform. The initiative includes the Stellar Astro Hacker House and the Stellar Embark Accelerator, programs […] Source: https://news.bitcoin.com/tim-draper-champions-blockchain-startups-announces-major-partnership-with-stellar/
Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift
Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine months, driven by factors such as the recent Bitcoin halving event and […] Source: https://news.bitcoin.com/decreasing-bitcoin-supply-on-exchanges-indicating-possible-bullish-shift/
Bitcoin analysis mostly ‘noise,’ a $70K breakout is what matters
Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan. Source: https://cointelegraph.com/news/bitcoin-price-analysis-is-noise-until-70k-break
Reddit shares jump after-hours on OpenAI data-sharing deal
Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” and sees the AI firm back new features on the social platform. Source: https://cointelegraph.com/news/reddit-shares-jump-on-openai-deal
What Is Restaking?
The concept of restaking introduces a groundbreaking way for people to utilize their staked cryptocurrency across various protocols simultaneously. This not only boosts reward potential but also significantly enhances the security and scalability of blockchain networks, benefiting the entire crypto ecosystem. Introduction to restaking A common occurrence In the rapidly evolving world of blockchain technology […] Source: https://news.bitcoin.com/what-is-restaking/
Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances
TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them more affordable. According to a statement, Chipper Cash plans to use the decentralized exchange protocol of TBD. This will enable trusted transactions that comply with […] Source: https://news.bitcoin.com/block-subsidiary-tbd-partners-with-chipper-cash-for-quicker-more-affordable-remittances/