UK reviews AI development: It can ‘drive substantial economic growth’The U.K. Competition and Markets Authority said it would examine AI’s development, deployment and social impact.May 4, 2023Savannah Fortis
WallStreetBets mod dumps memecoin worth $635K in alleged rug pullWithin two days, the token’s price plummeted from an all-time high of $0.00067279 to an all-time low of $0.00004827.May 4, 2023Ezra Reguerra
SEC has 10 days to respond to Coinbase complaint: Legal execCoinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC.May 4, 2023Amaka Nwaokocha
Bitget pledges $10M for Blockchain4Youth corporate responsibility projectBlockchain4Youth will provide courses through Bitget Academy and host university lectures on the topic of Web3.May 4, 2023Zhiyuan Sun
Nigerian national blockchain policy gets government approvalNigeria’s Federal Executive Council has approved the national policy on blockchain to help the country develop a regulatory framework to govern the adoption of the technology.May 4, 2023Amaka Nwaokocha
Bitcoin eyes liquidity above $30K as gold hits new all-time highBitcoin is back above $29,000 as the ongoing U.S. banking crisis sends spot gold higher than ever.May 4, 2023William Suberg
Mainstream media renew push for non-US FTX user identitiesA May 3 filing to the United States Bankruptcy Court brings new objections to a motion that aimed to redact customer identities.May 4, 2023Brayden Lindrea
CEX trading volumes decline in April after months of growth: KaikoAfter three months of consecutive growth, centralized exchange trading volumes fell to their lowest this year in April.May 4, 2023Martin Young
US regional bank shares sink despite Fed calling banking system ‘sound’PacWest Bancorp was the hardest hit bank after-hours on May 3, falling over 50% following a reported plan to explore strategic options.May 4, 2023Brayden Lindrea
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service The service allowed users to borrow up to $1 million with no credit check, provided they posted Bitcoin as collateral.May 4, 2023Jesse Coghlan
$22M of Curve Finance algo stablecoin minted since mainnet launchDecentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network.May 4, 2023Tom Mitchelhill
SEC steps back from defining digital assets in new hedge fund rulesThe SEC and its staff are “continuing to consider” the term “digital assets” despite proposing a definition of them around nine months ago.May 4, 2023Jesse Coghlan
ChatGPT and AI the newest vector for malware: Meta security teamSecurity researchers at Meta said that “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.”May 4, 2023Brayden Lindrea
36% of the top 1,000 crypto projects went silent on blogging this yearA whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023, according to blockchain marketing agency Guerilla Buzz.May 4, 2023Tom Mitchelhill
FTX seeks to claw back $4B from Genesis in a battle of the bankruptThe bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.May 4, 2023Jesse Coghlan
Jury convicts former OpenSea manager in NFT-insider trading caseProsecutors claimed Nathaniel Chastain profited from inside information about which NFTs would be featured on the marketplace.May 4, 2023Tom Blackstone
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’The CEO of Google DeepMind says human-level AI could emerge before 2033 — an event that could radically alter how crypto trading bots and GPT-based tech functions.May 3, 2023Tristan Greene
State regulators crack down on fraudulent cryptos promoted as 'Elon Musk AI Token' and 'TruthGPT Coin'According to the cease and desist order, investors are being given the impression that Elon Musk endorses "TruthGPT Coin."May 3, 2023Judith BannermanQuist
Robinhood returns to court to defend position in case brought by US state regulatorThe Massachusetts Secretary of the Commonwealth’s office filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards.May 3, 2023Turner Wright
Digitalization won’t displace commercial bank money any time soon: Moody’sEven as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.May 3, 2023Derek Andersen
The Fed has little ammo left as $30K Bitcoin price becomes key battle lineBTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested.May 3, 2023Marcel Pechman
French Senate proposal would allow influencers to promote cryptocurrencyThe Senate’s proposal comes just months after the National Assembly floated legislation banning influencer advertising for crypto products and services.May 3, 2023Tristan Greene
Sotheby’s launches on-chain secondary NFT marketplace: Nifty Newsletter, April 26–May 2Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house.May 3, 2023Ezra Reguerra
Securities token platform launches MPC wallet for institutionsThe Web3 wallet allows institutions to control which employees are allowed to use the tokens held within it.May 3, 2023Tom Blackstone
Mashinsky files motion to dismiss NY AG suit, says it ‘parrots misinformation’Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things.May 3, 2023Derek Andersen
US lawmakers introduce bipartisan bill proposing ban on members investing in ‘financial instruments’Representatives Alexandria Ocasio-Cortez and Matt Gaetz — lawmakers diametrically opposed on a variety of issues — joined forces to stop congressional members from trading stocks.May 3, 2023Turner Wright
Price analysis 5/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Bitcoin and select altcoins are showing a continuation pattern, indicating indecision among the bulls and the bears.May 3, 2023Rakesh Upadhyay
3 signs PEPE token is about to trap bulls after 2,000% price rallyPEPE price risks losing 20% in May due to shaky technicals, waning retail interest and possible market manipulation.May 3, 2023Yashu Gola
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdlesBitcoin’s price looks unlikely to break out as markets brace for Fed rate hike volatility.May 3, 2023William Suberg
Will compromise on anonymous crypto appease US regulators, spur adoption? Asking exchanges to identify users might seem like a minor inconvenience, but could it drive DeFi firms overseas, and would crypto users even care?May 3, 2023Andrew Singer