Apple’s new headset could put a rocket under metaverse tokens

Metaverse tokens surged earlier this year amid rumors about Apple’s new virtual reality headset, will this time be different? News Join us on social networks Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. In January, the native …

Celsius moves $781M in stETH just as Lido withdrawals open

The bankrupt crypto lender has been moving its massive stash of staked Ethereum. News Join us on social networks It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido, which has just enabled withdrawals. On May 15, a transaction was identified on Celsius …

SEC seeks denial of Coinbase petition for imminent crypto rules

Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC’s response, asserting that they will happily continue overseeing the sector via regulation as enforcement. News Join us on social networks The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto …

SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking

The U.S. Securities and Exchange Commission has responded to the mandamus petition filed by Coinbase.  The regulator has indicated that it will continue initiating enforcement actions in the absence of clear crypto regulations.  The SEC has advised the crypto industry to not regard Chair Gary Gensler’s public statements as formal guidance for regulation.  The U.S. …

Digital asset investment products see outflows for 4th consecutive week totaling $200M

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High

Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s …

US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’

U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability …

Will US Government Freeze Bank Accounts Through Payments Network FedNow? Agency Responds to Criticism and Concern

Fed officials are addressing concerns that FedNow, the new instant payment infrastructure developed by the Federal Reserve, will allow the government to surveil and freeze Americans’ bank accounts. In a new fact checking report from the Associated Press, officials from the Federal Reserve say that the new service “does not give the agency additional surveillance …

Trader Who Printed Nearly 50X Gains on Pepe Reaccumulates Over $2,000,000 Worth of the Memecoin: On-Chain Data

One trader who masterfully rode the rise of the memecoin Pepe (PEPE) has doubled down on their massive bet, according to on-chain data. First spotted by blockchain-tracking firm Lookonchain, a “smart money” Ethereum (ETH) address printed gains of over 4,500% buying PEPE early and taking profit recently. Lookonchain says that the same trader is now …

SEC chair Gensler claps back at Coinbase, says crypto rules already exist

Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant. News Join us on social networks The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the …

SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD

Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.  Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.  The deal allowed TerraUSD to regain its dollar peg in 2021 in exchange for a discount on Luna purchases by Jump.  Chicago-based …

Analyst Predicts Altcoins Boom Ahead of Bitcoin Halving – Is it Time to Invest?

The Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE, TURBO, and so on. Now, with the Bitcoin halving around the corner, renowned …

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