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Mandy Op.

Mandy Op.

China benefits from the "war" on cryptocurrency in the U.S. - CEO of Coinbase

China benefits from the "war" on cryptocurrency in the U.S. - CEO of Coinbase

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

The U.S. has reached an agreement to raise the national debt limit

The U.S. has reached an agreement to raise the national debt limit

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.

Symbiosis integrates Arbitrum Nova

Symbiosis integrates Arbitrum Nova

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

Nvidia

Nvidia

Nvidia shares soared nearly 25% in the postmarket after the quarterly report.

EXBI Launches Launchpad Platform and New Promotional Campaign

EXBI Launches Launchpad Platform and New Promotional Campaign

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

Hong Kong banks ignore applications from crypto companies

Hong Kong banks ignore applications from crypto companies

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

Jump Trading is accused of unjust enrichment of nearly $1.3 billion

Jump Trading is accused of unjust enrichment of nearly $1.3 billion

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

SEC Reduces Fine for LBRY from $22 Million to $111,000

SEC Reduces Fine for LBRY from $22 Million to $111,000

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.

Frenchman to spend 1.5 years in jail for buying car for bitcoins

Frenchman to spend 1.5 years in jail for buying car for bitcoins

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

New York would allow bail-ins in Stablecoins

New York would allow bail-ins in Stablecoins

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.