Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services

The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing... Read more »

Question of centralization faces growing crypto insurance industry

Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem. Investopedia reports that cryptocurrency... Read more »

Terra Ecosystem Faces Pressure as Stablecoin Depegs

Key Takeaways Terra’s UST lost its peg to the U.S. dollar again this weekend, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs. UST... Read more »

Sony, Theta Labs to giveaway glasses-free 3D display with exclusive NFTs

Theta Labs is partnering with Sony to release a unique 3D NFT that works without 3D glasses. The “Tiki Guy” NFT will work with a Sony Spatial Reality Display, retailing at $4,999.... Read more »

SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder

The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted... Read more »

Bitcoin whales jumping ship as exchange inflows reach 3-month high

The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs). Bitcoin (BTC) market... Read more »

ApeCoin Pumps—Then Dumps—on Musk’s Bored Ape Tease

Key Takeaways ApeCoin surged today after Elon Musk changed his Twitter avatar to a collage of Bored Apes from the Bored Ape Yacht Club NFT collection. Musk quickly posted a follow-up tweet,... Read more »

BTC, ALGO, XMR, XTZ, THETA

The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTC) close correlation with United States equity markets has... Read more »

Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology

On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol... Read more »

TerraUSD dollar peg rocked by weekend dump, LUNA drops 20%

A seemingly coordinated attack on the Terra ecosystem occurred this weekend, May 7th, as hundreds of millions of dollars worth of UST was dumped on Curve Finance. This happened in tandem with... Read more »