Crypto lender Nexo shuts down 2 UK-based subsidiaries

London-based crypto lender Nexo (NEXO) has shut down two of its subsidiaries located in the U. K. on May 11, Bloomberg News reported. The lender is also going under an investigation in Bulgaria for allegedly being involved in an organized crime scheme, the Bloomberg article noted. дальше »

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Crypto Whales Amassing Millions In PEPE Coin Even As Prices Plunge — Is A Larger Upsurge On The Horizon?

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Robinhood's Crypto Revenue Down 30% Year-Over-Year in Q1

The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 2022. дальше »

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American Democrats turned out to be the Bitcoin “killers”

The head of the cryptocurrency startup Tierion, Wayne Vaughan, said that representatives of the American Democratic Party are trying to “kill” bitcoin and other cryptocurrencies. Vaughan referred to the publication of journalist Eleanor Terrett, in which she reported a data leak. дальше »

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Bitcoin mempool starts to clear as fee paid per block falls back to one

The cryptocurrency space has been buzzing this week with BRC-20 tokens' market cap exceeding $500 billion, fueled by the rise of Ordinals earlier this year. CryptoSlate reported an unusual phenomenon: Bitcoin miners receiving more income from transaction fees than block rewards. дальше »

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Roblox Raises $774M by Selling In-Game Robux Currency with Users at All-Time High

Coinspeaker Roblox Raises $774M by Selling In-Game Robux Currency with Users at All-Time High Roblox reported a total of $774 million in "bookings", which jumped by a staggering 23% in comparison to the previous year. дальше »

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Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our hash rate, reduced our cost to mine, and improved our balance sheet during the first […] The post Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1 appeared first on CryptoSlate. дальше »

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Garlinghouse Slams Claim Ripple Could Have Avoided Costly Tussle With SEC By Registering XRP As A Security

It was recently reported that Ripple Labs would spend roughly $200 million defending the SEC lawsuit. However, top venture capitalist Jason Calacanis has claimed that the San Francisco-based blockchain payments firm would have spent less if it only registered XRP as a security. дальше »

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HCW analyst raises price target on Coinbase stock after its strong Q1 report

Coinbase reported strong results for its first financial quarter last week. HCW analyst Mike Colonnese now sees upside in “COIN” to $77. Coinbase stock is already up about 85% versus the start of the year. дальше »

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Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg

The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported. дальше »

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Ripple pegs SEC lawsuit costs at $200M; plans Dubai expansion

Ripple CEO Brad Garlinghouse discussed his company’s regulatory challenges at the Dubai Fintech Summit, CNBC reported on May 8. There, Garlinghouse described the scale of Ripple’s ongoing legal conflict with the U. дальше »

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Coinbase CEO dismisses speculation that exchange plans to relocate from US

US-based exchange Coinbase’s CEO Brian Armstrong denied the suggestions that the exchange might carry its headquarters overseas to escape the U. S. Securities and Exchange Commission’s (SEC) interference, as reported by CNBC. дальше »

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Binance says Bitcoin ‘outflows’ are internal wallet movements

Crypto exchange Binance has clarified that the large volume of Bitcoin (BTC) outflows most data aggregators reported was false. According to a May 8 tweet, the exchange said the reported “outflows” were internal movements between its hot and cold wallets due to its address adjustments. дальше »

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Binance probed by DOJ over potential Russian sanctions violations

The U. S. Department of Justice (DOJ) is looking into possible violations of Russian sanctions by Binance, Bloomberg reported May 5. Specifically, the DOJ’s national security division intends to determine whether Binance or its executives circumvented sanctions around Russia’s invasion of Ukraine. дальше »

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Coinbase Q1 Report: Net Revenue Skyrockets 22% Quarter-Over-Quarter

Coinbase, one of the leading cryptocurrency exchanges, has reported impressive results for the first quarter of 2023. The company’s efforts toward building a more efficient and financially disciplined business have started to pay off. дальше »

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Coinbase’s Q1 revenue jumps 22% to $736m from Q4

Crypto exchange Coinbase has reported a significant reduction in net loss during the first quarter of 2023, as robust earnings from retail investor trading activity helped boost revenues. дальше »

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Block’s Cash App Q1 report reveals $2b in BTC revenue

Block, the fintech company owned by Twitter's creator, Jack Dorsey, reported $2.16 billion in Bitcoin sales on its Cash App in Q1 2023, representing a 25% YoY increase. дальше »

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Israel seized nearly 200 Binance accounts over terrorism links over two years

Authorities in Israel have seized 190 Binance accounts with ties to Islamic terrorist groups since 2021, Reuters said on May 4. Reuters reported that two of those accounts were linked to Islamic State (ISIS) and that almost all of the other accounts were owned by three firms with ties to Hamas. дальше »

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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. дальше »

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Crypto scammers steal over $1M from 2 elderly people in Hong Kong

Two senior Hong Kong citizens lost $1. 3 million (HK$10 million) in separate scam cases involving cryptocurrencies and mainland Chinese stocks, SCMP reported on May 4. In one case, a 66-year-old businesswoman was scammed via WhatsApp. дальше »

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Billion-Dollar Gains: How Early SHIB Investor Also Profited From PEPE

Early Shiba Inu (SHIB) investor known as 'SmartMoney' has reaped significant gains not only from SHIB but also from meme-based cryptocurrency Pepe (PEPE), as reported by blockchain analytics account Lookonchain дальше »

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Texas regulators target crypto tokens capitalizing on Elon Musk, TruthGPT

Regulators in Texas are targeting the promoter behind two cryptocurrencies that aim to capitalize on Elon Musk’s AI pursuits, Bloomberg reported May 3. Texas securities board targets SF entrepreneur One of the cryptocurrencies is simply titled Elon Musk AI Token. дальше »

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Marathon mined $20M Bitcoin in April and increased hash rates, BTC holdings

Crypto mining firm Marathon Digital Holdings on May 2 reported growth in some areas during its monthly review for April. Marathon produced 702 BTC (currently worth $20 million). That amount, measured in Bitcoin, represents a 134% year-over-year increase but a decrease from March, when Marathon mined a record 825 BTC. дальше »

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Coinbase executives saved $1B by dumping stocks ahead of bad news, a lawsuit alleges

Coinbase investor Adam Grabski filed a lawsuit in the Delaware Chancery Court on May 1 claiming that certain Coinbase executives and board members used inside information to avoid losses from Coinbase stock sales, Bloomberg reported. дальше »

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Ex-OpenSea employee charged with insider trading says info he used was not considered confidential

The defense for former OpenSea employee Nate Chastain, who has been charged with insider trading, told a jury on May 1 that his client was never told the NFT information under his purview was confidential, Reuters reported. дальше »

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Crypto industry thinks US government is trying to ‘kill crypto’

The repeated failures of crypto firms to secure regulatory approvals in the U. S. have led to a “universal conviction” among the industry that the country’s financial watchdogs are unwilling to let crypto flourish, the Intelligencer reported. дальше »

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Solana (SOL) Retests Multi-Month Trend Line, Bulls Prevailing Again?

Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported. дальше »

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Binance to take action against Justin Sun if he farms SUI token

Binance CEO Changpeng ‘CZ’ Zhao said the exchange would prevent crypto entrepreneur Justin Sun from farming Sui tokens with his $56.1 million True USD (TUSD) deposit. On May 1, Whale Alert reported that Sun had made the deposit mentioned above to Binance, prompting speculations that he was trying to farm the SUI token through the […] The post Binance to take action against Justin Sun if he farms SUI token appeared first on CryptoSlate. дальше »

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Mastercard eyes more crypto expansion moves

Payments infrastructure company Mastercard is seeking more partnerships with crypto entities to expand its cryptocurrency payment card offering. Reuters reported that the company’s head of crypto and blockchain, Raj Dhamodharan, disclosed this on April 28. дальше »

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Sensorium kickstarts SENSO token burn as private sale of UNDER NFT Land begins

The buzz around Sensorium's highly anticipated metaverse gaming project, UNDER, has reached new heights as the company reported a private sale of Non-Fungible Tokens (NFTs) associated with this new viThe post Sensorium kickstarts SENSO token burn as private sale of UNDER NFT Land begins appeared first on AMBCrypto. дальше »

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Polygon-based protocol 0vix exploited for $2M

Polygon-based decentralized finance (DeFi) protocol, 0vix, appears to have been exploited for $2 million via flashloan. Blockchain security firm CertiK reported the incident — which Arkham Intelligence further corroborated. дальше »

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Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes

BTC dipped slightly during U.S. morning trading Thursday after the Commerce Department reported a slow 1.1% gain in GDP for the first quarter – below consensus expectations of 2% annualized – but later rebounded. дальше »

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“I Don’t Have Anywhere Near As Much” — CZ Denies Having Enormous $28.2 Billion Net Worth

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Ripple's XRP Sales Soar to $361 Million in Q1

Ripple, the San Francisco-based fintech company, has reported a surge in its XRP sales дальше »

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Hackers compromise AT&T systems to siphon crypto from users

An anonymous source has reported that AT&T was compromised at the beginning of April and hacked into user email to drain millions worth of crypto.  дальше »

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Hong Kong to unveil crypto exchanges licensing guidelines in May

The Hong Kong Securities Futures Commission (SFC) is said to be planning to unveil cryptocurrency exchange licensing guidelines next month. The plans were first reported by Bloomberg earlier today citing comments from the SFC’s CEO, Julia Leung. дальше »

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Hong Kong targets May for crypto exchange licensing regulations

Hong Kong’s Securities and Futures Commission (SFC) will release guidance on the crypto licensing framework in May. Hong Kong’s SFC CEO, Julia Leung, disclosed this at an event reported by Bloomberg on April 27. дальше »

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Bitcoin correlation with gold surges amidst First Republic Bank news

Quick Take Bitcoin correlation to gold is continuing to get stronger, which is a positive sign as further stress continues onto the regional banking sector in the U. S. Kaiko reported that the Bitcoin 30-day rolling correlation with gold has surged since March, and it is now at 57%, the highest in almost two years. дальше »

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Bitcoin breaks $28k barrier amid First Republic Bank’s seizure fears

Quick Take First Republic Bank finished trading a whopping 50% lower share price yesterday — closing at $8. 26. According to FOX News, it is reported that First Republic Bank is expected to be seized by the U. дальше »

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Spain ends notorious crypto scam with over $110m lost to hackers

Spain authorities have reportedly arrested a perpetrator of a notorious scam that saw investors loose over $100M in funding. This comes after a resident in the province of Alava reported the fraud. дальше »

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CFTC commissioner says there is no ‘immediate path forward” with Binance

A leader at the Commodities and Futures Trading Commission (CFTC) has stated that her agency is in conversation with Binance, CNBC reported April 25. CFTC Commissioner Kristin Johnson said: “We’ve been in continuing conversations with [Binance] to … give them an opportunity to explain that conduct and to help us find a path forward. дальше »

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CFTC official says anonymity in crypto is a national security risk

CFTC commissioner Christy Goldsmith Romero believes the prevalent anonymity in crypto is a national security risk as it allows criminals to use digital assets for illicit purposes, Reuters reported. дальше »

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Venom Foundation’s public testnet goes live

As reported today with its parent firm, Venom's public testnet is now officially online. дальше »

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Binance blocks cards of Russians living in Europe

The largest cryptocurrency exchange — Binance — blocks Binance Cards of Russians with a residence permit in Europe. This is reported by various sources. There were no official comments from the exchange. дальше »

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Shiba Inu Lead Dev Touts “Go Mode”, Will Price Follow?

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has shared an exciting message with the SHIB community in the official Shibarium Telegram group today. It comes at a time when the SHIB price is facing a make-or-break moment, as NewsBTC reported yesterday. дальше »

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Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal

Quick Take CryptoSlate recently reported that Inscriptions passed the one million milestone. A new record was set for the biggest one-day count for Inscriptions — roughly 200,000 Inscriptions were created on April 23. дальше »

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Trust Wallet Users Lose $170,000 to Vulnerability

Trust Wallet reported a WebAssembly (WASM) vulnerability in its Wallet Core led led to the loss of $170,000. The post Trust Wallet Users Lose $170,000 to Vulnerability appeared first on BeInCrypto. дальше »

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Breaking: Gemini launches international crypto derivatives platform

Crypto exchanges based in the United States have been making headlines for their reported interest in the derivatives side of the crypto market. And, Gemini has officially confirmed its interest by laThe post Breaking: Gemini launches international crypto derivatives platform appeared first on AMBCrypto. дальше »

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Avorak AI trade algo beta testers find Cartesi (CTSI) and Injective (INJ) worthwhile

Avorak AI trade algo, Avorak Trade, is a trading algorithm using artificial intelligence to analyze market trends and make predictions about various cryptocurrencies’ performance. Still, in its early stages, beta testers of the Avorak AI trade algo have reported prospects from trading CTSI and INJ. дальше »

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Safemoon hacker returns over $7M from stolen funds

Safemoon hacker returned $7. 2 million of the funds stolen from the protocol’s liquidity pool, blockchain analytical firm Peckshield reported. According to Peckshield, the attacker returned the funds in two transactions during the early hours of April 20. дальше »

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