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Cryptocurrency News

Location American Cryptocurrency News for 3 May 2023
Bitcoin miners earned $50B from BTC block rewards, fees since 2010 They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities.
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Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain Investors are ditching the centralized exchange giants to stake their ETH holdings on decentralized alternatives amid regulatory concerns, and as they chase higher rewards, crypto analysts say.
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Economist Peter Schiff Warns of Stagflation in US Economy -- Says 'It's Going to Get Worse' Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: �...
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Sui Mainnet Goes Live, Token Trades at $1.33

Coin Desk - 3 May 2023 15:05
Sui Mainnet Goes Live, Token Trades at $1.33 The much-awaited Aptos rival put its hundreds of million of VC funding to the test during its mainnet launch, and struggled with speed and decentralization.
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Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits One trader infamously took on a 50% slippage for getting out of their pepe position.
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Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data Ether also rose. Equity markets dropped, including stocks of two regional banks.
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New Crypto VC Firm Credibly Neutral Raises $5.5M The developer-led firm received funds from the founders of the Polygon and Solana blockchains, among others.
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FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
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Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven The California-based regional lender is weighing strategic options, according to Bloomberg.
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Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.
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Curve Finance Deploys Native Stablecoin on Mainnet The deployment marks a major milestone for the public release of Curve's highly anticipated native stablecoin.
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Bitcoin Falls Slightly After Fed Rate Hike

Coin Desk - 3 May 2023 22:38
Bitcoin Falls Slightly After Fed Rate Hike BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.
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White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME ...
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Coinbase Losses Expected to Narrow; Analysts Seek Details About International Exchange Traders of U.S.-based crypto exchange Coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday.
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Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation. Kennedy most recently criticized the Biden Administration's renewe...
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The Fed has little ammo left as $30K Bitcoin price becomes key battle line BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested.
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Aragon Bans at Least 6 DAO Members During Treasury Discussion, Alleging 'Coordinated' Assault Their banishment from Aragon's Discord for asking "probing questions" and using "inappropriate language" highlights the disconnect between the censorship-resistant ideals of crypto governance and the reality that insider...
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Federal Reserve Raises Interest Rate by 25bps, Insists 'US Banking System Is Sound and Resilient' The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by ...
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New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run - Here's Why The ongoing crackdown on crypto companies by the US Securities and Exchange Commission (SEC) could benefit crypto in the long run, according to an editorial by Bloomberg. The reason why the Bloomberg editors see benefits...
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Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause This latest move by the U.S. central bank brings the targeted range for its benchmark fed funds rate to 5%-5.25%.
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Terra Luna Classic Price Prediction as LUNC Threatens Fall to Nine-month Lows - Here's Where LUNC is Heading Now Despite Binance's latest monthly burn of over $150,000 worth of LUNC tokens and the recent hiring of a new, highly experienced Senior Cosmos developer to the layer-1 blockchain task force team, Luna Classic (LUNC) is thr...
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Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy The Blockchain Association is moving out of New York. One of the biggest cryptocurrency lobbying groups said it had plans to shift resources out of the state to focus on federal policy....
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