Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO
Mike Seavers will join the home of Bored Ape Yacht Club on May 22.Source
DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit
Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data.Source
ECB Probes Decentralized Settlement for Wholesale Financial Markets
Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.Source
Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows
Bitcoin’s long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us.Source
Binance Japan Will Start Operations After June
The world’s largest crypto exchange acquired Sakura Exchange BitCoin last November.Source
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
The crypto mining company is in a stronger position now, interim CEO El-Bakly saidSource
South African Mirror Trading’s CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case
The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.Source
Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.Source
Zcash’s Latest Software Release Goes Live
The new release, version 5.5.0, is part of an effort to “deliver a solid and reliable user experience.”Source
First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting
ALSO: William Shatner, Star Trek’s Captain Kirk, releases an NFT collection and touts the potential of crypto in an entertaining half-hour discussion at CoinDesk’s Consensus 2023 conference.Source