Blockchain Crypto Biz: Tether Reduces Bank Exposure, Ripple Scores Win, Ledger Faces Backlash, Worldcoin Raises $100M May 20, 2023 GonzaloTether cuts $4.5B in bank exposure, Ripple wins court motion, Ledger sparks backlash, and Worldcoin enters advanced talks for $100M funding.
Bitcoin Bitcoin Faces Make-or-Break Week as Price Retests 200-Day Moving Average May 20, 2023 GonzaloBitcoin’s next move may define its trend as it retests the 200-day MA. A breakout could spark a rally, while failure risks a drop to $25k.
Altcoins Pepe Price Slumps as Copium and AiDoge Take the Meme Coin Spotlight May 20, 2023 GonzaloAs Pepe loses momentum, Copium and AiDoge emerge as new favorites, showing explosive growth and strong investor interest amid a bearish market.
Bitcoin Vietnam Court Sentences Two Men to Life for $1.5 Million Bitcoin Kidnapping May 20, 2023 GonzaloVietnam court sentences two men to life in prison and 14 others to up to 19 years for kidnapping and stealing $1.5 million worth of Bitcoin.
Altcoins Aave V2 Bug on Polygon Locks $110 Million in User Assets May 20, 2023 GonzaloAave V2 users on Polygon can’t access $110 million in assets due to a contract bug. Developers say funds are safe and a governance fix is underway.
Regulation Ripple Legal Chief Links Supreme Court Ruling to XRP Case: “Howey Test Must Evolve with Technology” May 20, 2023 GonzaloRipple CLO Stuart Alderoty says a new Supreme Court ruling supports Ripple’s argument that the Howey Test should adapt to modern crypto cases.
Regulation FTX Seeks to Recover $240 Million from Insiders Over “Wildly Inflated” Embed Acquisition May 20, 2023 GonzaloFTX is suing former executives and Embed insiders to recover $240M, alleging its overpriced acquisition was rushed and lacked proper due diligence.
NFT Sotheby’s Sells First Batch of 3AC NFTs for $2.48 Million in New York May 20, 2023 GonzaloSotheby’s sold NFTs from Three Arrows Capital’s collection for $2.48 million, including works from Fidenza, Ringers, and Cryptopunks.
Fintech Fidelity’s European Chief: “We’ll Stay in Crypto, But Won’t Tell Everyone to Buy Bitcoin” May 20, 2023 GonzaloFidelity will remain in crypto but avoid promoting Bitcoin due to volatility and regulation concerns, says Managing Director Christian Staub.
NFT Bitcoin Ordinals Minting Fees Surge 700% in One Month, Totaling $38.2 Million May 20, 2023 GonzaloBitcoin Ordinals minting fees hit $38.2 million, rising 700% in one month as text-based inscriptions dominate and BRC-20 tokens expand.
