CRYPTO MARKET UPDATE

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U.S. Chamber of Commerce Challenges SEC Vs Coinbase Actions in Unlawful

The U.S. Chamber of Commerce, a highly influential organization representing companies across all industries in the U.S., has just filed a brief in the Coinbase v. SEC case, calling out…
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LUNA Founder Do Kwon Pleads Not Guilty To Forged Documents Charges

Do Kwon, the founder of Terraform Labs, has pleaded not guilty to charges of using forged identification documents in Montenegro. Kwon and another citizen of South Korea were charged with using falsified…
worldcoin

Worldcoin Plans to Migrate Crypto Wallet to Optimism Mainnet

Worldcoin, a cryptocurrency firm founded by OpenAI CEO Sam Altman, is gearing up to migrate its World App from Polygon to the Optimism mainnet. The move comes just days after…
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Bitcoin price falls below $27000, traders fear resumption of downtrend

Bitcoin’s price has fallen below $27,000, reversing a morning jump following the release of mildly encouraging U.S. inflation data. The $900 million Bitcoin weekly options expiry on May 12 might play a…
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Estonia Tightens Crypto Regulations, Hundreds of Licenses Lost

Estonia’s new crypto regulations have led to the loss of licenses for nearly 400 crypto firms. The country’s Financial Intelligence Unit has been implementing a 2022 law that requires companies to keep…
Terra

The Terra-LUNA crisis occurred approximately a year ago, resulting in a loss of $40 billion

A year after the infamous Terra-LUNA crisis, which led to a loss of $40 billion in investors’ money, the Terra Luna Classic (LUNC) community is showing signs of hope. On…
BTC Price

Bitcoin Fees Plunge 95% : Significant Drop

Bitcoin struggled to recover from fresh losses as a false alarm over United States government sales spooked markets. However, the average fee for Bitcoin has fallen below $15, a drop…
FTX

IRS Files $44 Billion Claim Against FTX and Its Affiliates in Bankruptcy

The Internal Revenue Service (IRS) in the United States has filed claims worth almost $44 billion against the estate of bankrupt cryptocurrency exchange FTX and its affiliated companies. The claims…
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Tether $700 million profit for the first quarter of 2023

Tether, the world’s leading stablecoin issuer, has reported a remarkable $700 million profit for the first quarter of 2023. This impressive figure matches the company’s profits from the last quarter…
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Gang Planned Car Accident To Rob Crypto currency Worth $1.5M

A Vietnamese court in Ho Chi Minh City tried a 16-member gang suspected of planning a car accident to rob crypto currency. The gang, which included two local policemen, stands…
litecoin

Litecoin Blockchain Breaks Daily Transaction Record with 576K

The Litecoin blockchain set a new record with over 576,000 transactions in one day. This surge in transaction activity was accompanied by the number of active and newly created addresses…
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Core Developer Suggests Censorship to Fix Bitcoin Network Congestion

Bitcoin network congestion has been a recurring problem for the cryptocurrency market, causing frustration among users and developers alike. Recently, Core developer Ali Sherief suggested a drastic solution to fix…
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DCG Continues Engagement in Genesis Capital Restructuring

In a recent update, Digital Currency Group (DCG) has announced that it is still actively engaged with the various stakeholders involved in the Genesis Capital restructuring process. DCG is a…
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Former product manager at Coinbase has been sentenced to prison

Ishan Wahi, a former product manager at Coinbase Global Inc, has been sentenced to two years in prison for insider trading in the United States. This is the first insider trading case involving…
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Ireland’s Central Bank Governor Calls “Bitcoin Ponzi” & Crypto Ad Ban

Ireland’s Central Bank Governor, Gabriel Makhlouf, has called bitcoin a ponzi & a ban on advertising crypto assets targeted at young adults, citing concerns over misleading advertisements and potential consumer…
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Binance NFT Marketplace Set to Support Bitcoin Ordinals NFTs

The Binance NFT Marketplace is expanding its multi-chain ecosystem with the addition of Bitcoin Ordinals (Bitcoin NFTs). The integration of Bitcoin technology and culture is expected to offer new opportunities…
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Maker Dao Launches New Decentralized Finance Solution Spark Protocol

On May 9, 2023, Spark Protocol will officially launch, providing a brand new decentralized finance (DeFi) solution for users seeking supply and borrow features for ETH, stETH, DAI, and sDAI.…
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Lido V2 to Unlock Direct In-Protocol staked ETH

Lido Finance, a decentralized liquid staking solution for Ethereum 2.0, has announced the launch of Lido V2 on May 15th. The new version will unlock direct in-protocol stETH:ETH withdrawals, simplifying…
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