Category: Latest news

[ad_1] Sam Altman has successfully raised $115 million in a Series C funding round for Worldcoin, Reuters reported May 25. Blockchain Capital led the raise, with Andreessen Horowitz, Bain Capital Crypto, and Distributed Global joining the round as well. The OpenAI CEO launched Worldcoin in 2021 with the ambitious goal of distributing cryptocurrency to every…

[ad_1] Unbanked, a cryptocurrency card and trading platform, said May 25 that it would be winding down its services due to harsh U.S. regulations. Regulations affected funding Unbanked cited regulations as the primary reason for its shutdown. The firm asserted that regulators in the U.S. are “actively trying to stop companies (banks and fintechs) from…

[ad_1] Digital Currency Group (DCG) will close its institutional trading platform, TradeBlock, by the end of the month, Bloomberg reported May 25. Crypto market challenges DCG’s decision to close TradeBlock comes amidst a harsh crypto market. One DCG spokesperson cited various challenges, stating: “Due to the state of the broader economy and prolonged crypto winter,…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Executives from Tether and Blockchain.com both commented on the U.S. government’s potential upcoming debt default on May 25. Tether is not at risk, CTO says Tether CTO Paolo Ardoino said that it is unlikely that the U.S. will default on its debt in the coming weeks. He said on The Block’s Scoop podcast:  “……

[ad_1] Algorand Foundation CEO Staci Warden played down the significance of ALGO’s underwhelming performance, saying, “We don’t think about price.” In a recent interview with Real Vision Crypto, Warden brushed aside the relevance of price, instead highlighting the Foundation’s success in attracting developers to the ecosystem and ensuring their success. “We are having a Cambrian…

[ad_1] Crypto investment platform Morgan DF Fintoch allegedly stole $31.6 million worth of user funds in an apparent exit scam on May 22, on-chain sleuth Zachxbt reported May 24. On-chain data shows the funds — mainly USDT on BSC — were bridged to multiple addresses on TRON and Ethereum during the afternoon of May 22…

[ad_1] Florida governor Ron Desantis came out in support of Bitcoin and in opposition to central bank digital currencies in his official announcement of his presidential candidacy. Desantis formally announced his presidential run on Twitter Spaces with Elon Musk and venture capitalist David Sack on May 24. DeSantis has become a frontrunner in the Republican…

[ad_1] U.S. Treasury yields experienced a notable rise this week, causing increased apprehension in the market. Notable upswings occurred on Wednesday and Thursday when concerns over the debt ceiling and speculation over interest rate hikes pushed yields to record highs. In the early hours of Thursday, May 25, the yield on the 12-month Treasury bill…

[ad_1] Crypto exchange Binance has announced a temporary suspension of deposits for ten Multichain-bridged (MULTI)  tokens, pending further clarification from the protocol’s team. According to a May 25 tweet from Binance, the exchange said the decision would affect some assets deposits with blockchain networks like Fantom (FTM), BNB Smart Chain, Ethereum (ETH), and Avalanche (AVAX).…