Today at Chaintalk News

May 19, 2024

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cointelegraph

Venezuela bans crypto mining to protect power grid

This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

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cointelegraph

XRPL on-chain transactions jump 108% in Q1 2024

The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the last quarter of 2023.

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cointelegraph

Phantom Wallet climbs Apple app store charts — Bullish sign for Solana?

Phantom Wallet has climbed to third position on the utility category on the Apple app store and several crypto commentators are taking it as a bullish signal for Solana.

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cointelegraph

Bitcoin's $66.9K price holds strong, casts doubts on a 'deep correction'

Despite ongoing speculation about Bitcoin's next potential "deep correction," some cryptocurrency analysts disagree on its likelihood.

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cointelegraph

Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted.

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cointelegraph

Microsoft faces multi-billion dollar fine in EU over Bing AI

The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

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cointelegraph

‘Godfather of AI’ advises UK government to start UBI

Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years.

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cointelegraph

LayerZero identifies over 800K addresses in sybil self-reporting phase

Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.

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cointelegraph

Why is XRP price up today?

XRP whale accumulation and cooling inflation in the U.S. are the top catalysts behind the cryptocurrency's ongoing price recovery.

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cointelegraph

What is the Ethereum (ETH) burn address

The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation.

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cointelegraph

AI safety researchers leave OpenAI over prioritization concerns

Following the recent resignations, OpenAI has opted to dissolve its “Superalignment” team and integrate its functions into other research projects within the organization.

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cointelegraph

US authorities bust $73M crypto scam, make two arrests

The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.

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cointelegraph

Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

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cointelegraph

If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”

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cointelegraph

Aussie admits to promoting BitConnect crypto services without a license

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.

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cointelegraph

Biden may rethink SAB 121 vote veto due to political support for crypto

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

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cointelegraph

Crypto personality pleads guilty to fraud after promising 60% ‘fictitious’ returns

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains.

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cointelegraph

Changpeng Zhao teases writing project ahead of reporting to prison

On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.

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cointelegraph

Ghana, Singapore conduct trade in semi-fungible token pilot project

Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, emphasizing credentialing.

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cointelegraph

Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

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cointelegraph

Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

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cointelegraph

Blockchain gaming investments reached nearly $1B in April

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

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cointelegraph

Ethereum price rallies above $3.1K after unexpected regulatory victory

ETH price hit $3,100, backed by a favorable court ruling and increased network activity.

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cointelegraph

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

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cointelegraph

Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined

The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

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cointelegraph

US Treasury strategy would tighten virtual asset regulations, increase AI use

The Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.

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cointelegraph

Price analysis 5/17: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB

Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

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cointelegraph

Proton Mail exposing activist's info showed the limits of encryption

An April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.

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cointelegraph

Tether mints another $1B — Last time, it helped Bitcoin climb to $73K

Bitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.

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cointelegraph

Kraken considers dropping USDT in Europe ahead of new regulations

With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoin listings.

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