Blockchain Labs and HashKey Capital Launch Future3 Campus, a Web3.0 Innovation Incubator.

Blockchain Labs and HashKey Capital have announced a joint initiative to establish Future3 Campus, a Web3.0 innovation incubator aimed at promoting the global Web3.0 ecosystem. With principal incubation bases in Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area, and Singapore, the incubator aims to foster Web3.0 Massive Adoption, DePIN, and AI. The Future3 Campus will also launch […]
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Source- Blockchain News

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UAE Central Bank and Hong Kong Monetary Authority Bolster Financial Ties.

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions. The CBUAE and HKMA deliberated over numerous collaborative strategies during the meeting and consented to augment cooperation in three […]
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Source- Blockchain News

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AI demand briefly catapults Nvidia into $1 trillion club.

Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo. The milestone was hit on May 30 in the United States morning trading hours by the computer chip and graphics card manufacturer with its shares hitting a […]
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Source- cointelegraph.com

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Yield farming app accumulates $12M TVL 2 weeks after launch.

A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts. Origin Ether total value locked, May 9-30. Source: […]
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Source- cointelegraph.com

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Nansen lays off 30% of its workforce.

Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to make an “extremely difficult decision to reduce the size of the Nansen team.”  Full statement: pic.twitter.com/cxSTtZBiZU — Alex Svanevik (@ASvanevik) May 30, 2023 Svanevik gave two major reasons […]
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Source- cointelegraph.com

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Researchers propose new scheme to help courts test deanonymized blockchain data.

A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin (BTC) blockchain. The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency transactions. While the […]
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Source- cointelegraph.com

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US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas.

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) specifically addressed digital assets. Staff advisory letters can […]
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Source- cointelegraph.com

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AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war.

Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS).  We just put out a statement: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear […]
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Source- cointelegraph.com

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Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’.

Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space. In a May 30 blog post, Bybit said it will not accept account opening applications from Canadians starting on May 31. Current users of the crypto exchange will have […]
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Source- cointelegraph.com

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Coinbase CEO cites rising threat from China in fresh plea to US officials.

China is set to benefit from “restrictive” crypto rules in the U.S. that are “inadvertently” driving innovation offshore, Coinbase CEO Brian Armstrong wrote in an editorial published by MarketWatch on Tuesday.   “The U.S. and other democratic nations are up against digital systems promoted by an ambitious adversary, China,” Armstrong wrote, mentioning the Alipay and Tencent […]
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Source- theblockcrypto.com

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Bybit follows Binance in departure from Canadian market.

Policy • May 30, 2023, 4:37PM EDT Bybit has become the latest crypto exchange to depart the Canadian market, with the company following in Binance’s footsteps in the wake of regulatory developments.  “Bybit has made the difficult but necessary decision to pause the availability of our products and services,” the company said in a Tuesday […]
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Source- theblockcrypto.com

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Kellogg’s files for 12 trademarks that may connect to metaverse tech.

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kellogg’s, the U.S. cereal giant, may have taken a step into the world of non-fungible tokens (NFTs) by filing twelve trademarks for its iconic brands. The filings, submitted to the U.S. Patent and Trademark Office (USPTO) on May 24, 2023, may […]
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Source- cryptonews

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Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say.

United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District Court for the Southern District of New York. And the charges against Sam Bankman-Fried are beginning to disappear… h/t @DecentFiJC pic.twitter.com/JEIF0uR31i […]
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Source- cointelegraph.com

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Crypto bear market not hurting Grayscale Investments.

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The 2023 fiscal year has been an exceptional one for Grayscale Investments, despite the ongoing bear market in the world of cryptocurrencies. The Block data shows that the financial juggernaut’s two major products, the Grayscale Bitcoin Trust (GBTC) and the Grayscale […]
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Source- cryptonews

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TON Foundation introduces new liquidity mining rewards program.

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The TON Foundation, a non-profit association dedicated to advancing The Open Network (TON), has unveiled a liquidity mining rewards campaign designed to incentivize users from other chains to join the TON ecosystem.  With rewards of up to $720,000 in toncoin (TON), […]
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Source- cryptonews

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Bitcoin on-chain and options data hint at a decisive move in BTC price.

Bitcoin’s (BTC) volatility has dropped toward historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data alludes to incoming volatility in June. The Bitcoin Volatility Index which measures the daily fluctuations in Bitcoin’s price shows that the 30-day volatility in Bitcoin’s price was 1.52%, which is less than […]
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Source- cointelegraph.com

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US district judge sends matter of FTX independent examiner to appellate court.

A United State district judge has referred a motion requesting the appointment of an independent examiner for bankrupt crypto exchange FTX to appellate court. In documents filed in U.S. District Court for the District of Delaware on May 30, Judge Colm Connolly said the U.S. trustee in FTX’s case, Andrew Vara, requested an appeal following […]
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Source- cointelegraph.com

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SEC settles case against Wahi brothers for Coinbase insider trading.

Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced on May 30. The SEC has filed a motion for final judgment in the U.S. District Court of the Western District of […]
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Source- cointelegraph.com

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MoonPay insiders pocketed $150 million weeks before CEO bought $38 million mansion: The Information.

MoonPay insiders including co-founder and CEO Ivan Soto-Wright received $150 million during the crypto payment startup’s Series A raise in late November 2021, according to report from The Information, which cited an unnamed source. During the 2021 Series A, MoonPay announced it had raised $555 million at a valuation of $3.4 billion with investors including […]
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Source- theblockcrypto.com

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Former Coinbase employee agrees to cooperate in future SEC investigations.

Policy • May 30, 2023, 2:57PM EDT Former Coinbase employee Ishan Wahi reached a settlement with the U.S. Securities and Exchange Commission over insider trading charges related to the front-running of token listings by Wahi and others. As part of the settlement, filed in a federal court in Seattle on Tuesday, Wahi agreed to be […]
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Source- theblockcrypto.com

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