Justin Sun admits Huobi ownership, calls Binance a partner rather than rival
Justin Sun admits Huobi ownership, calls Binance a partner rather than rivalJustin Sun-related blockchain networks urged memecoin developers to use their ecosystems for their token development.
Happy Thursday!The global crypto market cap is $1.11 trillion with a 24-hour volume of $40.98 billion. The price of Bitcoin is $26,911.50 and BTC market dominance is 46.9%. The price of Ethereum is $1,782.27 and ETH market dominance is 19.3%. The best performing cryptoasset sector is Yield Farming, which gained 7%.
Latest NewsJustin Sun admits Huobi ownership, calls Binance a partner rather than rival
Justin Sun explains his vision for crypto exchanges, saying there is scope for token specialization and room for all. US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiriesThe U.S. lawmakers said the SEC was yet to provide adequate responses for its inquiries into its activities. Crypto lender Nexo shuts down 2 UK-based subsidiariesNexo is also going under investigation in Bulgaria for allegedly being involved in an organized scheme. Texas embraces greener Bitcoin mining with approval of flare gas emission billHouse Bill 591 passes leading the way for Texas-based Bitcoin miners to benefit from cheaper, greener energy. Terra’s Do Kwon pleads not guilty on fake document chargesThe Terra co-founder Do Kwon's bail application was opposed by the prosecutor because he has "zero interest" in staying in the country. Justin Sun to start trading memecoins, donate profits to charityJustin Sun-related blockchain networks urged memecoin developers to use their ecosystems for their token development. Research: Bitcoin Inscriptions might have run their courseUncover how the surge in Bitcoin Ordinal Inscriptions led to all-time high transaction numbers and miner profits, while also raising questions about network congestion and a decrease in active addresses. CryptoSlate wMarket Update: False US government Bitcoin selling rumors trigger mild sell-offThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. VC investments in European projects rise in Q1 2023Circle Director of Research and Policy Patrick Hansen said the EU's regulatory clarity has made it an attractive option for crypto projects. Backlash ensues as Coinbase labels PEPE alt-right hate symbol; Chief Legal Officer Grewal apologizesThe hashtag #DELETECOINBASE is trending as Pepe fans voice anger at claims the character symbolizes bigotry. New York lawmaker introduces bill to support stablecoin payment for bailsIf the bill is passed, fiat-backed stablecoins like Tether's USDT could be used within the state to make bill bonds payment.
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Coinbase’s Paul Grewal says SEC proposed custody rule ‘unnecessarily singles out crypto’
Tuesday, May 9, 2023
Coinbase suggests a more inclusive approach to qualified custodians and a unified possession or control standard for crypto assets for SEC's proposed custody rules.
Coinbase is considering UAE for its international hub
Monday, May 8, 2023
Coinbase CEO Brian Armstrong praised United Arab Emirate's (UAE) progressive regulatory efforts in the crypto space.
Britain’s fourth largest newspaper offers free King Charles coronation NFTs
Saturday, May 6, 2023
The Evening Standard is allowing Nifty Gateway users to mint their own cryptocollectible featuring the famous St. Edwards Crown.
US presidential candidate supports Bitcoin, criticizes CBDCs
Friday, May 5, 2023
There is a growing list of US politicians taking a stand against CBDCs, with many citing risks of financial censorship.
President Bukele eliminates all taxes on tech innovations
Thursday, May 4, 2023
El Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status.
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