Economist Alex Krüger Flips Bullish on Bitcoin and Ethereum, Says Markets Gearing Up for Bull Run

Economist and crypto trader Alex Krüger is turning bullish on Bitcoin (BTC) and Ethereum (ETH), predicting they will finish the year strong. Krüger tells his 153,900 Twitter followers that the Federal Reserve is likely near the end of raising interest rates to tame inflation, and will likely pivot in December. He believes the markets will …

Two New Sectors to Boost the Value of Ethereum (ETH), Says Analytics Firm Glassnode

Top crypto insights firm Glassnode says that two emerging sectors within the digital asset space are destined to boost the price of Ethereum (ETH). In a new report, Glassnode says that crypto gaming, which took off in 2022, and staking, which exploded in 2023, are now an integral part of the Ethereum ecosystem. “Over the …

Russia Abandons Plans for State-Run Crypto Exchange, Puts Focus on Regulating Centralized Platforms: Report

Russia is reportedly giving up on plans to launch a state-owned crypto exchange and is instead expected to regulate private ones. According to a new Izvestia report, Russia’s Ministry of Finance rejected the idea of establishing a national crypto exchange, after the idea was discussed late last year. Says Ivan Chebeskov, director of the financial …

T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

The parent company of one of the biggest cell service providers in the US is becoming a validator on layer-2 scaling network Polygon (MATIC). In a new company announcement, Deutsche Telekom, the conglomerate that owns telecommunications giant T-Mobile, says it will begin validating nodes for Polygon, just like it’s been doing for other prominent crypto …

Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone,” said the Massachusetts senator, citing an Elliptic report. News Join us on social networks Massachusetts Senator Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl. In …

Multichain team cannot locate CEO, halts service for affected chains

Cross-chain services are suspended for Kekchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, HPB, Onus, Omax, Findora and Planq. News Join us on social networks Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China …

Tether expands reach in Georgia through investment in CityPay.io

The partnership seeks to enhance the payment industry in Georgia by introducing heightened efficiency. News Join us on social networks ​​Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the …

EU officials sign Markets in Crypto-Assets framework into law

First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states. News Join us on social networks Officials with the European Union have signed the Markets in Crypto-Assets, or MiCA, bill into law following final approval from finance ministers. On May 31, Sweden’s minister for …

Binance Faces Probe By Canadian Securities Regulator

Binance is reportedly being probed by the Ontario Securities Commission. The investigation is to determine if the crypto exchange attempted to evade local regulations and compliance controls.  The crypto exchange announced its departure from Canada two days after it was served the investigation order.  Binance is facing a similar probe in Brazil for allegedly helping …

Landmark MiCA Law Officially Signed By EU Policymakers

Summary: European Union lawmakers officially signed the bloc’s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations. The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities. The EU is another step closer to implementing crypto standards and rules …

Plans for 30% Tax on Bitcoin Mining Shut Down in New Debt Deal: Senator Warren Davidson

Negotiations over the new debt deal squashed the Biden Administration’s plan to phase in a 30% tax on the electricity used in Bitcoin (BTC) and crypto mining. Congressman Warren Davidson (R-Ohio), a vocal supporter of digital assets, says on Twitter that “one of the victories” of the negotiating process was blocking proposed taxes, including the …

Bumper’s Breakthrough DeFi Protocol Set To Reshape Options Pricing

May 31, 2023 – London, United Kingdom Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an altogether new …

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