Jack Dorsey-backed TBD Launches New Web5 Toolkit to Decentralize the Internet

The official announcement by the unit of Block (SQ) was made Thursday at the Bitcoin 2023 conference in Miami Beach, Florida.Source

Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts

Ledger believes the service will help attract customers turned off by crypto’s unforgiving self-custody ethos. But critics wonder whether the concept is compatible with a real hardware wallet.Source

Bitcoin in Stasis Below $27K Ahead of Powell Speech

At 15:00 GMT, Powell will speak at the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.Source

Privacy-Focused Network Horizen Expected to Undergo Node Upgrade in June

The upgrade would bring enhancements to sidechains and bug fixes.Source

First Mover Americas: Litecoin Might Be Trading at a Discount

The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.Source

Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

The firm is looking to capitalize on Hong Kong’s re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.Source

XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor

Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger networkSource

Litecoin Is Undervalued, Onchain Indicator Suggests

Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.Source