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- Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analystby Cointelegraph by Ciaran Lyons on May 2, 2024 at 5:53 am
Bitcoin’s dominance in the crypto market is “now losing major support” and potentially has even “peaked” according to crypto analysts.
- Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govtby Cointelegraph by Tom Mitchelhill on May 2, 2024 at 5:04 am
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report.
- DeFi lending giant Aave unveils V4 protocol overhaulby Cointelegraph by Martin Young on May 2, 2024 at 4:29 am
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO.
- Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average costby Cointelegraph by Ciaran Lyons on May 2, 2024 at 3:14 am
Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst.
- BlackRock Bitcoin ETF sees first outflow day amid record ETF bleedby Cointelegraph by Brayden Lindrea on May 2, 2024 at 3:06 am
BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.
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- Wyoming Senator Slams DOJ’s Take on Non-Custodial Crypto Software, Vows to Protect User Rightsby Jamie Redman on May 2, 2024 at 5:35 am
Wyoming’s Republican Senator Cynthia Lummis has responded to the Department of Justice’s (DOJ) latest argument regarding non-custodial software. Lummis’s remarks follow the DOJ’s reply brief on the indictment against Tornado Cash developer Roman Storm’s motion to dismiss. Senator Lummis Questions DOJ’s Non-Custodial Wallet Stance, Cites Legal Misinterpretations Senator Cynthia Lummis, a staunch advocate of cryptocurrency,
- US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024by Terence Zimwara on May 2, 2024 at 3:18 am
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins
- Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groupsby Bitcoin.com on May 2, 2024 at 2:30 am
Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring systems after a former employee revealed lapses that included processing transactions with sanctioned nations and groups linked to terrorism. Allegations against Block include handling transactions
- Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchainsby Bitcoin.com on May 2, 2024 at 1:22 am
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain
- Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoinby Jamie Redman on May 2, 2024 at 1:21 am
Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data