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Protocol Village: Silent Protocol Introduces 'Ghost Layer' Solution for Ethereum Using ZK, 0VM

The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.

May 7, 2024

BTC price FMA, May 7 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Settles Into $63K-$64K Range

The latest price moves in crypto markets in context for May 7, 2024.

May 7, 2024

Sen. Sherrod Brown's Ohio is one of several swing states in which a new Harris poll measured crypto sentiment. (Jeff Swensen/Getty Images)
Policy

Poll: Most People Cringe About Crypto, But Enough Care to Warrant Politicians' Attention

A survey of swing-state voters shows that as many as 21% of them are serious about crypto policies, though more than two thirds of people distrust the digital-assets movement.

May 7, 2024

Executives from QCP and Further Ventures (QCP)
Policy

QCP Receives In-Principal Approval From Abu Dhabi Regulator

The digital assets trading firm said in April it was setting up shop in Abu Dhabi in collaboration with Further Ventures.

May 7, 2024

Shubham's Web3
Policy

Galaxis Raises $10M, Doubling Down on Belief That NFTs Will Provide Real Value Everywhere

The platform has previously launched NFT collections for celebrities such as DJ Steve Aoki and actor Val Kilmer.

May 7, 2024

RNDR, an AI-related token, has surged 40% in seven days. (CoinDesk)
Markets

AI Tokens Lead Crypto-Market Recovery as Nvidia Hits One-Month High

"We are in an AI super cycle right now," one market observer said.

May 7, 2024

Marijuana plant. (Shutterstock)
Finance

Indonesian Authorities Bust Synthetic Marijuana Lab Supported by Crypto

The syndicate had been operating for six months before being apprehended last week.

May 7, 2024

Robinhood would likely prevail in a legal case with the SEC. (Shutterstock)
Markets

Robinhood Would Likely Win Crypto Court Case With the SEC: KBW

The platform being issued a Wells Notice by the SEC is surprising given the company’s conservative approach to digital assets listings, the report said.

May 7, 2024

Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)
Policy

Binance CEO Teng Says Nigeria Must Release Gambaryan, Detention Sets 'Dangerous New Precedent'

In January the company refused to pay a demand from "unknown persons" to settle allegations.

May 7, 2024

Sydney Opera House in Australia (Stanbalik/Pixabay)
Policy

Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Accounts: Reuters

The ATO said the data will help identify traders who failed to report their cryptocurrency-related activities.

May 7, 2024

16:9 Stock market rally (sergeitokmakov/Pixabay)
Markets

Bitcoin Rebound Has Crypto Options Traders Anticipating $100K

The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.

May 7, 2024

Revolut (Kaysha/ Unsplash)
Finance

Revolut's Crypto Exchange Goes Live for Experienced Traders

London-based Revolut, which has more than 40 million customers worldwide, has developed Revolut X to compete with leading crypto exchanges

May 7, 2024

Poloniex hacker sends ETH to Tornado Cash (Towfiqu Barbhuiya/Unsplash)
Finance

Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash

The hacked funds had previously been dormant for 178 days.

May 7, 2024

Screengrab from the EIP-3074 proposal (Ethereum.org, modified by CoinDesk using PhotoMosh)
Technology

Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074'

EIP-3074 has drawn both support and concern from the Ethereum community, a code change that is supposed to improve the user experience with wallets on the blockchain.

May 7, 2024

May 6th

Bitcoin price on May 6 (CoinDesk)
Markets

Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure

Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.

May 6, 2024

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)
Markets

Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says

MicroStrategy shares are up 89% year-to-date but TD Cowen analyst Lance Vitanza believes the software firm could end the year “meaningfully higher.”

May 6, 2024

(Jesse Hamilton/CoinDesk, modified)
Consensus Magazine

The SEC Can’t Stop Suing Crypto Companies

Robinhood apparently made strenuous efforts to comply with the agency, even applying to become a special purpose crypto broker-dealer. The SEC is likely to sue for alleged sec...

May 6, 2024

(CoinDesk)
Consensus Magazine

Allison Duettmann: How Blockchains Can Make AI Safer

The CEO of the Foresight Institute, a speaker at Consensus 2024, says there are three key areas where cryptographic technologies can improve artificial intelligence systems.

May 6, 2024

Jack Dorsey speaks at Consensus 2018. (CoinDesk)
Finance

Jack Dorsey Leaves BlueSky Board, Touts 'Freedom Technology' of X and Nostr

The former Twitter CEO announced its backing of the social networking startup in December 2019 in an effort to decentralize social media.

May 6, 2024

(Arif Khan)
Consensus Magazine

‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AI

Alethea CEO Arif Khan, a speaker on the AI Stage at Consensus 2024, says we’ll soon be automating large parts of lives including paying bills and responding to emails.

May 6, 2024