Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.
US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.
Arbitrum price soars after DeFi whale address resumes ARB accumulation
ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?
Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined
The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure.
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches
The wallet developer also raised $4.5 million from Hack VC and other firms to further advance ZK-based enterprise solutions.
Evertas expands crypto insurance offerings to include mining and raises limits
Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.
Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.
CBDC ‘may not be a compelling priority,' says Kenya’s central bank
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Taurus deploys on Polygon blockchain for asset tokenization and custody
Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically.
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
Bitcoin ‘big move’ due in July after March $30K push — Latest analysis
Bitcoin has been busy “perfectly” mimicking its moves after the March 2020 crash, QCP Capital argues.
Binance market share chopped with the end of zero-fee BTC trading
A Binance spokesperson told Cointelegraph that the company had forecasted the drop after its decision to end its zero-fee Bitcoin trading but that it’s “not a concern.”
Private ID verification wins Binance Web3 reality show
Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs.
Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator
European game studio Maniac Panda Games aims to onboard mainstream players to Web3 with its flagship MMO title.
Europe’s right-wing political groups find cause in crypto
Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing?
Web3 adds semantic layer to Ethereum for a decentralized society
This new relation-based Web3 protocol integrates decentralized social graphs, identity and AI to add social context to Web3 profiles.
US debt ceiling, declining trust in banks send ETH staking to record highs
The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking.
OpenAI gets warning from Japanese regulators on data collecting
Japanese privacy watchdog warned OpenAI about collecting sensitive data without permission, threatening further action.
Here’s how developers aim to store crypto inside NFTs
From being an inventory system for gaming to being used in DAOs, Future Primitive’s Jayden Windle and Benny Giang spoke about use cases for ERC-6551.
Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’
BTC price upside is likely limited, market participants argue, with Bitcoin pinned below $27,500.
How to access Bitcoin network data without advanced IT skills
Use user-friendly tools like blockchain explorers and public databases to access Bitcoin network data without advanced IT skills.
DCG asks judge to consolidate class-action suits to avoid conflicting decisions
Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions.
Qatar slammed for not taking enough action against crypto companies
Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.
Coinbase Derivatives Exchange set to roll out BTC and ETH futures
Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether.
Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin
Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period.
Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz
The Galaxy Digital CEO says there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.