This week, we dive into the world of Blockchain to explore the latest trends and developments. From the newest regulations to cutting-edge projects, get ready to stay up to date.
Technology
FTX gets approval for LedgerX sale, asserts $3.9 billion Genesis claim
https://www.reuters.com/legal/ftx-gets-approval-ledgerx-sale-asserts-39-blngenesis-claim-2023-05-04/
Coinbase launches international crypto derivatives exchange
https://www.reuters.com/technology/coinbase-launches-international-cryptoderivatives-exchange-2023-05-02/
Crypto Firms Find a Way to Bank Without Banks
https://www.wsj.com/articles/crypto-firms-find-a-way-to-bank-without-banksdf37a22
Crypto Exchange Coinbase Posts Loss, but Beats Expectations
https://www.wsj.com/articles/coinbase-coin-q1-earnings-report-2023-f9fa710e
Supposed AI-Based Crypto Token Using Elon Musk’s Image Targeted by Texas Securities Board
https://finance.yahoo.com/news/supposed-ai-based-crypto-token074210387.html
Crypto’s Macro Drivers – It’s Not Just About Bitcoin
https://finance.yahoo.com/news/crypto-macro-drivers-not-just-182307744.html
How NFT Token-Gating Will Change the World
https://nftplazas.com/nft-token-gating-2023/
Adidas Arrives on Doodles with the Launch of the Pharrell Pack
https://nftplazas.com/doodles-pharrell-pack/
Crypto
Binance resumes Bitcoin withdrawals after temporary closure
https://www.reuters.com/business/finance/binance-resumes-bitcoin-withdrawalsafter-temporary-closure-2023-05-07/
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
https://www.reuters.com/markets/currencies/crypto-exchange-coinbase-postssmaller-first-quarter-loss-2023-05-04/
Cryptoverse: Digital coins lure inflation-weary Argentines and Turks
https://www.reuters.com/technology/cryptoverse-digital-coins-lure-inflationweary-argentines-turks-2023-05-02/
South Korean Prosecutor Calls for Crypto Entrepreneur Do Kwon to Face Charges in Home Country
https://www.wsj.com/articles/south-korean-prosecutor-calls-for-cryptoentrepreneur-do-kwon-to-face-charges-in-home-country-639f5515
Weekly Market Wrap: Bitcoin rises above US$29,000, Ether recaptures US$1,900
https://finance.yahoo.com/news/weekly-market-wrap-bitcoin-rises135706157.html
Bitcoin, Ether dip following Europe’s rate hikes; US equity futures edge up despite banking woes
https://finance.yahoo.com/news/bitcoin-ether-dip-following-europe035118316.html
Bitcoin Could Rally 20% to Around $36K: Matrixport
https://finance.yahoo.com/news/bitcoin-could-rally-20-around-070227681.html
Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’
https://cointelegraph.com/news/bitcoin-trader-eyes-63k-btc-price-for-newbollinger-bands-breakout
The Fed has little ammo left as $30K Bitcoin price becomes key battle line
https://cointelegraph.com/news/the-fed-has-little-ammo-left-as-30k-bitcoin-pricebecomes-key-battle-line
‘Shark Tank’ but Make It Crypto: CoinMarketCap Launching Competition TV Show
https://www.coindesk.com/web3/2023/05/01/shark-tank-but-make-it-cryptocoinmarketcap-launching-new-competition-tv-show/
NFT
Ex-OpenSea manager convicted in NFT insider trading case
https://www.reuters.com/legal/transactional/ex-opensea-manager-convicted-nftinsider-trading-case-2023-05-03/
A Collectors Guide to On Chain vs Off Chain NFTs
https://nftplazas.com/on-chain-vs-off-chain-nfts/
Wealthiest Person, Bernard Arnault, Outed as Closet NFT Collector
https://nftplazas.com/bernard-arnault-nft/
A Complete Guide to Top NFT Blockchains in 2023
https://nftplazas.com/guide-top-nft-blockchains-2023/
A tidal wave of wash sales makes up most NFT volume
https://forkast.news/wash-sales-makes-up-most-nft-volume/
Trading, talent and tech leveling up in NFTs
https://forkast.news/trading-talent-and-tech-leveling-up-in-nfts/
Sotheby’s launches NFT marketplace for transactions on Ethereum, Polygon networks
https://forkast.news/headlines/sothebys-launches-nft-marketplace-fortransactions-on-ethereum-polygon-networks/
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
https://www.coindesk.com/web3/2023/05/05/nft-lending-platform-blend-sparksconcerns-over-ecosystem-liquidity/
Palm NFT Studio Rolls Out Generative Art Tool for Creators
https://www.coindesk.com/web3/2023/05/04/palm-nft-studio-rolls-out-generativeart-tool-for-creators/
Cyber Crimes
North Korean APT Kimsuky Launches Global Spear-Phishing Campaign
https://www.infosecurity-magazine.com/news/north-korea-kimsuky-spearphishing/
“Kekw” Malware in Python Packages Could Steal Data and Hijack Crypto
https://www.infosecurity-magazine.com/news/kekw-malware-python-packages/
Meta Tackles Malware Posing as ChatGPT in Persistent Campaigns
https://www.infosecurity-magazine.com/news/meta-tackles-malware-posingchatgpt/
Social Media Phishing – The 2023 Cybersecurity Threat
https://www.infosecurity-magazine.com/next-gen-infosec/social-media-phishingthreat/
Brightline Hack Exposes Data of Over 780,000 Child Mental Health Patients
https://www.infosecurity-magazine.com/news/brightline-hack-exposes-data/
Metaverse
The Sandbox Launches Amazing ‘The Walking Dead’ VoxEdit Contest
https://nftplazas.com/sandbox-walking-dead-metaverse-contest/
Polygonal Mind Debuts Amazing New Tomb Chaser game
https://nftplazas.com/polygonal-mind-tomb-chaser/
China’s Henan state-owned investment group sets up US$22 mln metaverse fund
https://forkast.news/headlines/chinas-henan-state-owned-investment-group-setsup-us22-mln-metaverse-fund/
Alibaba Cloud Builds Metaverse Launchpad on Avalanche
https://www.coindesk.com/business/2023/05/04/alibaba-cloud-builds-metaverselaunchpad-on-avalanche/
Web3 News
Headlines of the Week:
- Bitcoin could rally 40% by the end of the year, according to a top blockchain
founder (YahooFinance) - Argentina’s central bank halts cryptocurrencies from payment apps
(CoinTelegraph) - Memecoin hype drives Bitcoin transaction fees to multi-year highs
(CoinTelegraph) - NFT-TiX Strikes Game-Changing Partnership with Unum festival
(NFTPlazas) - Dapper Labs Goes for Gold with its Latest Sporting NFT Initiatives
(NFTPlazas) - Ethereum had over US$635 mln in NFT wash trades in April, CryptoSlam
reveals (Forkast) - What JPMorgan’s First Republic takeover means for the crypto industry
(Forkast) - Alibaba Says ‘Open Sesame’ to Web3 (Coindesk)
This Week in the Market: (CoinMarketcap)
- The global crypto market cap is $1.19T, a 0.38% Increase over the last Day
- Bitcoin is at $28,960.13 and is Down 1.24%over the last 7 days
- Ethereum is at $1,919.76 and is Up 1.52% over the last 7 days
- BNB is at $324.47 and is Down 2.99% over the last 7 days
Key Dates/Events
- 08 May – 11 May – Blockchain Economy Istanbul Summit
- 20 May – 21 May – ETHDam
- 01 June – 02 June – Crypto Valley Conference
Accounts to Follow
This week we have @nic__carter, Nic is a reliable source in a sea of misinformation. He’s able to pick apart common misconceptions and explain why Bitcoin remains a force to be reckoned with. Nic excels in his rebuttals on why bitcoin’s energy use is in fact a feature and not a flaw.
