May 26, 2023

Gemini Will Base European Operations in Dublin, Ireland

The regulatory tension in the United States has caused many large crypto-focused companies to look abroad, and Gemini is no exception. The firm led by the Winklevoss twins has managed to secure a license to operate as a Virtual Asset Service Provider in Ireland. The company said it will host its European operation in Dublin....
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Huobi to Launch Hong Kong Venue on June 1: Report

Huobi Global announced gearing up for the launch of its Hong Kong division on June 1st for users in the city-state. The expansion comes in the backdrop of the Hong Kong securities regulator – Securities and Futures Commission’s (SFC) decision – to allow retail trading in cryptocurrencies has come after a year of turmoil in...
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Charles Hoskinson: Cardano (ADA) is Substantially More Decentralized Than All Cryptocurrencies

Cardano founder Charles Hoskinson believes the project’s decentralization would act as a “wake-up” call for the industry. In a recent update to the community, Hoskinson said ADA is “substantially more decentralized” than all cryptocurrencies in the market. The exec stressed that the Cardano Improvement Proposal (CIP-1694) – which is a mechanism for on-chain governance that...
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Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer

In a striking declaration today, a distinguished attorney known for his fervent advocacy for Ripple’s digital currency, XRP, stated emphatically that the re-elected Biden Administration lacks the authority to “kill” Bitcoin. John E. Deaton, a recognized pro-XRP attorney, stirred conversation this week with a provocative assertion: a potential second term for President Biden holds no...
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AI That Gives Investment Advice? JP Morgan Working on ChatGPT Alternative

JP Morgan is developing an artificial intelligence service similar to ChatGPT geared towards offering users investment advice. The software service, titled “IndexGPT,” will tap cloud computing software using AI to analyze and select securities based on its customers’ needs.  AI Investing With JP Morgan As reported by CNBC, JP Morgan applied to trademark a product...
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Not Every Whale Is a Winner: This One Lost $147K in ETH on Memecoins

The cryptocurrency space is full of stories regarding certain investors, typically larger ones, who made fortunes with their investments in more speculative assets like memecoins. These examples tend to attract jealousy as well as some resentment from less fortunate market participants. Today, however, we will take a look at the other side of this coin....
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Bitcoin Startup Lab Launches Program Supercharging Founders Building on Bitcoin

[PRESS RELEASE – San Francisco, United States, May 26th, 2023] Bitcoin Startup Lab, an industry-leading part-time startup training program and community for founders, is enabling the advent of the sustainable Web3 Bitcoin economy with its comprehensive mentorship-guided startup program beginning on June 24th, 2023. Bitcoin Startup Lab enables talented founders to become the champions they...
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Hackers Breach DJ Steve Aoki’s Twitter Account to Steal $170k in ETH

The Twitter account of American music producer and DJ Steve Aoki has been compromised and used to conduct a phishing scam that led to the loss of at least $170,000 worth of crypto assets. According to a Friday tweet by on-chain sleuth ZachXBT, the attacker utilized their illicit access to Aoki’s account to execute the...
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0xMahjong NFT to Commence Free Mint, Mahjong Meta Game Anticipates Funding Exceeding $10M

[PRESS RELEASE – Douglas, Isle of Man, May 26th, 2023] After a half-month Beta period, the blockchain-based Riichi Mahjong esports project, Mahjong Meta, will launch the free minting of its first Pass NFT on the Ethereum network on May 27. Users holding this NFT will receive continuous rights and interests throughout all stages of Mahjong...
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D-Central Unveils Open-Source Hashboard Tester, Refurbished Mining Gear, Mini-S9 Bitaxe

[PRESS RELEASE – Laval, Canada, May 25th, 2023] D-Central Technologies Inc., a leading Bitcoin mining service provider committed to promoting decentralization in the crypto space, is thrilled to announce three major developments that promise to significantly impact the cryptocurrency community. Firstly, D-Central is proud to introduce the world’s first-ever open-source hashboard tester. This pioneering device...
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Atlanta Fed Bank Cites XRP for Global Payments

Atlanta’s Federal Reserve Bank praises Ripple’s XRP for cross-border transactions. Reserve Bank eyeing XRP payments, Federal Bank on web3 at digital assets. The Report shows more use of web3 and Blockchain by central banks, Highlights project Mariana( A Proof Concept of by BIS; Bank of International Settlements, and financial institutions. Project Mariana boosts cross-border settlements using...
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Dip Buying Sentiment Slides as Bitcoin Drops to Long-Term Support

On May 26, on-chain analytics provider Santiment observed that Bitcoin traders often buy short-term, small crypto price dips but have been scared to buy the longer-term bigger ones. It added that mentions of buying the dip are dormant at the moment, suggesting very weak market sentiment. “Historically, this kind of #FUD has been good to...
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Digital Currency Group Shuts Down TradeBlock Unit, Trade Execution Service

Digital Currency Group – the cryptocurrency firm founded and spearheaded by Barry Silber, announced today that it will be shutting down its trade execution and prime brokerage unit – TradeBlock. According to a Bloomberg report, the shutdown of the unit will be effective starting from May 31st. CoinDesk, the news media owned by DCG, also...
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