Governor of California has Issued an Executive Order on Cryptocurrency | Curated CoinCodeCap #7 May 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
Our Blockshots Podcast 🎙️🎤
This week we speak to Rahul S., the CTO of Connext network, a protocol building primitives for blockchain interoperability. We discuss cross-chain bridges, multi-chain dapps, and the UX challenges of current bridging solutions.
The IMF paid $45 billion to prevent banks in Argentina from using Bitcoin
Due to Argentina’s central bank’s prohibition on crypto, financial institutions in the South American country have been prohibited from giving consumers any operations involving unregulated digital assets beginning Thursday. Keep Reading »
US Treasury Sanctions Blender.io for helping North Korea Launder $20.5 million in Stolen Axie Crypto
The U.S. Treasury Department announced on Friday(6th May) that it’s sanctioning Blender.io for allegedly “supporting North Korea’s malicious cyber activities and money-laundering of stolen virtual currency.” The Treasury’s press release states that Blender.io was used by the Lazarus hacking group to launder USD 20.5 million worth of the cryptocurrency it allegedly stole from the crypto-based game called Axie Infinity. Keep Reading »
Mining Capital CEO Indicted in $62M Crypto Pyramid Fraud Case
Mining Capital Coin Chief Executive Officer and founder Luiz Capuci Jr. was indicted for allegedly masterminding a USD 62 million global investment fraud scheme through his purported cryptocurrency mining and investment platform, the U.S. Department of Justice announced on Friday (May 6). Keep Reading »
Nvidia to pay a $5.5 Million Penalty for ‘inadequate disclosures’ About Cryptomining
Crypto mining is yet a matter of concern for the regulators as it can pose a threat to the consumers and the economy of a country. Some countries have laid strict regulations for companies to comply with when it comes to mining digital assets, failing to do so will result in serious charges. Keep Reading »
Google’s Cloud Group Forms Web3 Team to not Miss Out on the Booming Crypto Market
The crypto market is expanding every second and the big players in the market are finding it hard to miss out on the opportunity. Google, a leading multinational technology company has also decided to take a plunge into the world of Web3 to tap into the rapidly growing customer base for its advancement. Keep Reading »
Mad Meerkat Finance Lost $2M to a DNS Exploit
Time and again, firms dealing with services related to digital assets have faced exploitation and rug pulls. This week, the Mad Meerkat Finance, the Cronos-based Decentralized Exchange, fell prey to a DNS attack and lost $2M. Keep Reading »
Central Bank of El Salvador Accepts Qredo’s Registration to Provide Crypto Services
El Salvador, the first country to accept Bitcoin as a legal tender, has many Bitcoin service providers like Chivo, kiosks, Paxos Trust Company, Paxul, and OpenNode operating within its administration. Recently, it has accepted the registration of Qredo, “a decentralized digital asset management infrastructure and product suite”, making it the first and one of its kind decentralized custody tech provider in the country. Keep Reading »
The Swiss Regulator has Permitted Dukascopy to Provide Crypto Custody Services
Dukascopy Bank is a Swiss online bank that offers trading, banking, and financial services via online and mobile platforms. With nearly 300 workers, it is headquartered in Geneva, Switzerland, and has offices in Riga, Kyiv, Moscow, Kuala Lumpur, Hong Kong, Shanghai, Dubai, and Tokyo. Keep Reading »
BitMEX Co-Founders to Pay $30 Million in Fines
A New York court has imposed a consent order against the three co-founders of crypto derivatives exchange BitMEX, Arthur Hayes, Benjamin Delo, and Samuel Reed, according to the Commodity Futures Trading Commission (CFTC). Keep Reading »
Market Updates
NEXO Price Analysis May 2022
NEXO is a token of the platform Nexo. Its current price is around $2.52 by writing, with a low of $1.05, and has a market cap of 1.4 billion dollars. Keep Reading »
ZRX Price Analysis April 2022
ZRX is a token of platform 0x. Its current price is around $0.8124 by writing, with a low of $0.4514, and has a market cap of 688 million dollars. Keep Reading »
KNC Price Analysis April 2022
KNC is a token of the platform Kyber Network. Its current price is around $4.60 by writing, with a low of $1.17, and it has a market cap of 818 million dollars. Keep Reading »
SHIB Price Analysis April 2022
SHIB is a token of the Shiba Inu platform. Based on the writing, its current price is around $0.00002573, with the lowest point being $0.00000026, and it has a total market cap of 14.1 billion dollars. Keep Reading »
Top 3 Defi Tokens to Buy in May 2022: RUNE, LINK, CAKE
There are a lot of Defi tokens that have been doing well in the market recently, but there are also some that are undervalued and could be great buys in May. These tokens are not only profitable but also have a good reputation. So here are the top 3 Defi tokens to buy in May 2022. Keep Reading »
Crypto to look out for this week: BTC, ETH, GMT, TRX, HT
This week, the crypto market is looking up with more coins showing green than red. This week, the crypto market is expected to see a lot of volatility. We will take a look at some of the cryptos that are worth keeping an eye on this week. Keep Reading »
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