Day: May 5, 2023

Cryptoys Unveils Star Wars Digital Toys in New Line of Collectibles – Blockchain Bitcoin News

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The crypto platform Cryptoys, backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys featuring iconic characters Darth Vader, Luke Skywalker, and Princess Leia. Cryptoys stated on Thursday that 15 digital action figures will be available to collect in total, and the initial Star Wars non-fungible token (NFT) drop will begin on May 24. Cryptoys to Drop Star Wars Digital Collectibles at the End of May On May 4, 2023, Cryptoys, the digital collectible platform crafted by the Miami startup Onchain Studios, announced a new line…

Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report

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South Korean authorities are seeking the extradition of the co-founder and former CEO of Terraform Labs, Do Kwon. The prosecutor overseeing the investigation believes his repatriation would best serve the victims of the TerraUSD (USTC) and LUNA token collapses, The Wall Street Journal reported.  South Korea is the place where most of the crimes Kwon is accused of took place, according to Dan Sung-han, leader of South Korean prosecutors investigating the crash of the two cryptocurrencies, which erased nearly $40 billion from the Terra ecosystem. “Given the nature of this incident, we…

PacWest Bank plummets 50%! How will Bitcoin react?

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Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. PacWest Bancorp’s 50% price decline and the ongoing banking crisis are the first topics of this week’s show. The bank holds $40 billion in assets, although 80% of its lending portfolio has been assigned to commercial real estate loans and residential mortgages. The issue? As usual, rising interest rates. Meanwhile, the…

Coinbase Stock (COIN) Jumps 16% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty

“Overall, we were pleased with the result and would characterize the near-term financial outlook as a modest positive to expectations,” Devin Ryan, JMP Securities financial technology research director, wrote in a note to investors. “Given the continuation of a challenging environment, coupled with all the regulatory headlines, it was nice to see a relatively clean quarter with respectable results, all things considered.” Source

UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs

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The United Kingdom’s Financial Conduct Authority, or FCA, has announced the inspection of sites across the country “suspected of hosting illegally operated crypto ATMs.” In a May 5 announcement, the FCA said it had coordinated with local authorities in the cities of Exeter, Nottingham and Sheffield to raid facilities suspected of operating unregistered cryptocurrency ATMs. The enforcement action followed similar operations from March in East London and February around the city of Leeds, where the FCA said it had issued warnings or cease-and-desist requests to suspected crypto ATM operators. “The…

Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Ether has broken out of its triangle, and that may pull the Bitcoin price above $30,000. Confidence in the United States financial system seems to be eroding fast, with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem. The U.S. equities markets have become vulnerable to adverse news on the regional banks, as seen from the sell-off in the past three days. Compared to that, Bitcoin…

The Need for Clarity in Washington – Not Just on Crypto

The recent ambiguous messaging from the Federal Open Market Committee’s meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell’s comments, is typical of the abstruse signals that can be found in central bank policy-setting. But new tools, such as blockchain’s cryptographic verification systems, could guide policymakers’ decisions. Source

Will AI talent marketplaces replace traditional employment models?

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As artificial intelligence continues to progress and become more prominent in the workplace, it is logical to wonder what the future holds for AI talent marketplaces as well as traditional employment models. One thing is certain: AI talent marketplaces are here to stay. According to a report by ResearchAndMarkets.com, the artificial intelligence industry is expected to grow at a compound annual growth rate of 36.2% from $86.9 billion in 2022 to $407.0 billion by 2027. This growth is driven by the increasing adoption of AI technologies in various industries and…