The New Qredo remains aimed at the institutional crypto market, but now it’s low-cost and open to anyone, says COO Josh Goodbody. Source
Crypto Storage Firm Qredo's Revamped Self-Custody Wallet Goes Live
Month: May 2023
10 best crypto gambling sites to check out in 2023: online bitcoin gambling guide
If your gambling checklist consists of large game libraries, bonuses, and instant payouts, then you’re in for a treat at the best crypto gambling sites. To ensure you have access to the above features and even more gambling-related perks, we’ve tested hundreds of crypto casinos and handpicked the ones that excel in our key benchmarks. BitStarz came out as number one on our list, but there are also others worth checking out. Read on to learn more. Best crypto gambling sites Heads up about our links! Adblock might get confused…
U.S. Charges Against FTX’s Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
In early May, Bankman-Fried filed pretrial motions to dismiss most charges levied against him by U.S. prosecutors, with his defense arguing procedural issues, the irrelevance of some U.S. laws given FTX’s non-U.S. location, and that the charges exceeded the agreed extradition terms. The motions did not seek to dismiss securities fraud and money laundering charges. Source
Bitcoin (BTC) Headed for First Monthly Loss Since December 2022
The leading cryptocurrency by market value traded near $27,800 at press time, a 7.5% rise from lows under $25,900 registered last week. However, prices were still down about 5% for the month, the first monthly decline of the year (assuming, this loss is held through Wednesday’s UTC close). Bitcoin has put in a positive performance in January, March and April and ended February on a flat note. Source
American Express Plans to Use AI in Validating Transactions, Approving Cards and Credit Lines
Currently, the Digital Labs arm of the company is working on utilizing LLMs for analyzing customers’ feedback and inquiries. American Express (NYSE: AXP) has joined the new wave of companies adopting AI to scale their businesses. The financial services corporation is planning to deploy AI in validating transactions and approving lines of credit. It also wants to use the technology to upgrade its consumers’ experiences by analyzing customer sentiments and predicting their finances. Before the AI buzz, American Express had been consistently embracing new technologies, which has helped the company…
Popular NFT collections take massive price hit in 2023
Some of the most sought-after nonfungible tokens (NFTs) of 2022 have taken a massive hit in value over the past year. The trend mirrors the depreciating value of metaverse properties in 2023, which were considered top virtual lands for investment in 2022. Investments in top NFT projects, including Doodles, Invisible Friends, Moonbirds and Goblintown, have lost up to 95% of their value in Ether (ETH). The value of blue-chip NFT collections alone has fallen down by over 40% on average. The biggest NFTs of 2022 have had a TOUGH 2023.…
Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows. Source
Optimism Token (OP) Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply
Early investors are likely sitting on significant gains and could choose to take profits, contributing to immense selling pressure. As such, immediately available liquidity on OP token pairs across decentralized and centralized exchanges is under $10 million – and a single sell order of $600,000 could dunk prices 2% further on Binance. Source
Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes
Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar. The move comes as traders rush to cash out their crypto holdings into Australian dollars before the door for local bank withdrawals closes in a few days. On May 18, Binance Australia informed users that it is suspending Australian dollar services after a decision by its third-party payments provider. Deposits via bank transfer were halted immediately, while…
Crypto exchange TrigonX latest to emerge from the FTX rubble
Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million. According to company director Matteo Salerno, TrigonX is earmarked for revival after a deed of company arrangement was approved by creditors, The Australian reported on May 29. Founded in 2014, the digital asset exchange was one of the many affected by the sudden collapse of the FTX in November. TrigonX appointed administrators on Dec. 16, after it was unable to meet…