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Cryptocurrency News

Location American Cryptocurrency News for 4 May 2023
Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust The attestation service will allow any Optimism user to create digital sign-offs on all kinds of information involving the blockchain's activities and users.
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First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of "wrongfully" profiting from its users' facial and fingerprint scans. "Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates...
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Chatgpt 'Is the New Crypto,' Meta Says Malware Actors Exploit AI Craze A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot i...
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The Reactionary Political Theater of CBDC Bans

Coin Desk - 4 May 2023 20:38
The Reactionary Political Theater of CBDC Bans The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
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Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry Bitblox Games will exclusively build crypto games on the Hxro Network, a Solana-based distributed liquidity layer for betting applications.
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U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days Coinbase last week argued that the SEC is providing insufficient regulatory guidance for U.S. companies operating in the crypto sector.
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First NFT Insider-Trading Trial Results in Guilty Verdict for Ex-Opensea Manager Former OpenSea product manager Nathaniel Chastain has been found guilty of wire fraud and money laundering in the first insider-trading trial involving non-fungible tokens (NFTs). A federal court in Manhattan, New York h...
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Gold, Silver, and Crypto Prices Surge After Federal Reserve's Quarter-Point Increase Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold experienced a surge in value against the U.S. dollar, with gains ranging from 0.87...
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U.S. SEC Changes Its Mind on Officially Labeling Digital Assets The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of "digital asset" from its l...
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Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.
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Wrapping Up Consensus 2023

Coin Desk - 4 May 2023 23:39
Wrapping Up Consensus 2023 Missed Consensus 2023? Catch up on some of the most important conversations here.
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Bitcoin's Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks- thanks to a surge in Ethereum-style "BRC-20" tokens and NFT-like "inscriptions" on the increasingly popular O...
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Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.
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Block's Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago For the full year, Block's bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
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Coinbase Shares Rise as Q1 Revenue Grows 23% to $773M From Q4 The crypto exchange reported first quarter results after the close on Thursday.
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Terra Luna Classic Price Prediction as Bulls Hold Key $0.00010 Level - Where is LUNC Headed Next? Terra Luna Classic (LUNC) bulls are currently holding the cryptocurrency above the key psychological $0.00010. Nonetheless, price predictions are becoming more bearish. LUNC is the cryptocurrency that powers the original...
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Best Crypto to Buy Now 4 May - Rocket Pool, Stacks, Render Bitcoin is presently hovering just below the $29,000 mark following a successful close of yesterday's trading session above the highly-monitored level, with a 1.89% price increase in the past 24 hours. Despite achieving ...
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Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole...
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House Financial Services and Agriculture Subcommitees To Hold Digital Assets Hearing A House Financial Services Committee panel together with a House Agriculture subcommittee plan to unpack digital asset regulation during a hearing next week. Both of those subcommittees' digital asset focused subcommitte...
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Former Coinbase CTO Loses $1 Million Bitcoin Bet, Warns About US Hyperinflation Coinbase's former chief technology officer Balaji Srinivasan has settled his bet from March that Bitcoin would reach $1 million in just 90 days, while warning the public that he still believes hyperinflation is coming. "...
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Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows Ethereum's Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
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