Nigeria Approves National Policy to Create ‘Blockchain-Powered’ Economy
The policy announcement makes no mention of crypto, which the government cracked down on in 2021.Source
Supposed AI-Based Crypto Token Using Musk’s Image Targeted by Texas Securities Board
Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.Source
Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.Source
‘WallStreetBets’ Themed Tokens Plummets 90% as Insider Dumps Treasury Holdings
WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse.Source
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.Source
First Mover Asia: Bitcoin Recovers From Fed Dip
PLUS: The Madlads hype appears to be over, although it hasn’t dragged down the price of Solana. Cryptos return to positive territory.Source
U.S. SEC Changes Its Mind on Officially Labeling Digital Assets
The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.Source
FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case
Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.Source
Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven
The California-based regional lender is weighing strategic options, according to Bloomberg.Source
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictionsSource