Bitcoin Edges Below $28K as Investors Eye U.S. Debt Ceiling Progress
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.Source
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.Source
Crypto Exchange bitFlyer Aligns Itself With FATF ‘Travel Rule’ With New Restrictions
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).Source
First Mover Americas: Bitcoin on Track for First Monthly Loss of the Year
The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
India’s RBI Intends to Push G-20 to Focus on Crypto’s Macro Risks
India’s central bank is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.Source
Blockchain-Based Render Network’s Token Tracks Tech Stocks as Broader Crypto Market Decouples
RNDR has been a good high beta Nasdaq play in recent weeks, one portfolio manager noted.Source
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.Source
Crypto Storage Firm Qredo’s Revamped Self-Custody Wallet Goes Live
The New Qredo remains aimed at the institutional crypto market, but now it’s low-cost and open to anyone, says COO Josh Goodbody.Source
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.Source
Bitcoin Headed for First Monthly Loss in 6 Months
The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift prices higher, one observer said.Source