Cryptonews
WarketWatch published an article by Coinbase CEO Brian Armstrong. He gives his take on the restrictive U.S. policy on cryptocurrencies and speculates on who benefits from it in the first place. "The United States and other democracies are confronting digital systems promoted by an ambitious adversary, China. The
Deals
Joe Biden and House Speaker Kevin McCarthy reached an agreement to raise the national debt limit. The final bill will come up for a vote on Wednesday, May 31. Its details are not yet known. Markets took the news positively, and BTC appreciated to $28K and ETH to $1900.
Expansion
Multichain liquidity protocol Symbiosis Finance announced that it has introduced support for the Arbitrum Nova network. With this, users will be able to make asset exchanges from other networks supported by the platform into Arbitrum Nova. Also, the project has recently added support for the ZetaChain test network, in honor
Invest
Nvidia shares soared nearly 25% in the postmarket after the quarterly report.
Downfall
EXBI Exchange has announced the launch of a launchpad to support Web3 products targeting the widest possible audience. To celebrate the launch of the Launchpad, the company is running a promotional campaign on Gleam. It launches on May 22 and will run for two weeks. The campaign includes several types
Cryptonews
The crypto industry is preparing to conquer Hong Kong, but not everything is going smoothly, CoinDesk writes. First, the local Securities and Futures Commission (SFC) has only 8 employees taking registration applications, which is not enough to handle the large flow of documents. But an even bigger problem was the
Deals
A class action lawsuit was filed against Jump Trading. The victims accuse the company of having ties to the collapsed Terra-Luna project, pumping UST liquidity and unjust enrichment to the tune of $1.28 billion. The suit says that for "bailing out UST," the firm was allowed to
The Securities and Exchange Commission (SEC) filed in the District Court of New Hampshire an amendment to its claims against LBRY. The regulator decided to revise the fine from $22 million to $111,000.
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A court in Casablanca sentenced Frenchman Thomas Clausy to 18 months in prison for illegal use of cryptocurrency. The defendant will also pay a $3.7 million fine. Clausi's crime was a BTC payment. He sent the coins to a French woman living in Casablanca. It was a
Cryptonews
Democrat Latrice Walker introduced a bill that would add digital assets to the list of permissible funds for bail bonds. The document overlaps with the New York Attorney General's Office initiative for additional leverage on cryptocurrency exchanges. You can read the text of the bill at the link.
Deals
The Central Bank of Ireland commented on the recent MiCA bill. They issued a press release on their website from Gabriel McLough, the head of the agency. He believes Bitcoin is a Ponzi scheme and a lottery, not an investment. "Such a purchase can be like buying a lottery
Cryptonews
Fintech firm Digital Asset has launched a global interoperable blockchain network designed to provide a decentralized infrastructure for the needs of institutional clients. The initiative has attracted some major "players," including Microsoft, Goldman Sachs, BNP Paribas and Deloitte.