“It’s the same old thing,” said the source. “That’s what we chided the industry for. We are sick and tired of hearing advocacy, advocacy. Because they have to address the challenges that the government is putting forth, right? Plans, mitigation measures or some kind of thing. I think that would go a long way.” Source
Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s price surged to almost $69.50 on May 5 from nearly $55 on April 30, a 25% jump. Interestingly, AVAX’s rebound move surfaced inside the same support area ($54โ$60 range) that had preceded a 100% and a 175% price rally in the January 2022โApril 2022 and the October 2021โNovember 2021 session, respectively. AVAX/USD weekly…
The document was prepared by France, whose government is responsible for chairing talks within the EUโs council. It is undated, but prepared ahead of a closed-doors meeting due to take place Friday morning European time. Governments and lawmakers need to thrash out their position before the rules, known as the Markets in Crypto Assets Regulation, or MiCA, can pass into law. Source
The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investmentsโ plans to include Bitcoin (BTC) in 401(k) accounts. Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota expressed concerns over Fidelityโs decision to add BTC to its 401(k) investment plan in a letter to Fidelity CEO Abigail Johnson. Dated May 4, the letter suggests that Fidelityโs latest Bitcoin plan has potential conflict of interest, noting that Fidelity has been deeply involved in crypto since starting experimenting…
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Brinkโs is working with Swiss crypto custody firm Metaco to facilitate the distributed storage of disaster recovery backups. Original
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โMy perspective is that, in general, the media in this country portrays the trust for crypto as low, just based on everything I read and see,โ Bitstamp CEO for the Americas Bobby Zagotta said. โThis survey validates for me that the media are going after headlines more than accuracy when it comes to the crypto space, because the trust for crypto is actually amazingly high โ in the upper 60s for retail and into the 70s for institutions.โ Source
The 'DeFi Mullet' Source
Cronos-based DeFi project MM.Finance has suffered an exploit to its front-end, losing $2 million. Source