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CRYPTO
PepeCoin (PEPE) price action points to a potential 70% drop
Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators.PEPE…
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Multichain team cannot locate CEO, halts service for affected chains
Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues. “The team has done…
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Hong Kong Virtual Assets Consortium launched with Huobi as first member
Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is…
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Former House Rep blames industry outsiders for associating crypto with bank’s failure
Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse.In a May 30 hearing before the New…
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Binance plans new round of layoffs amid increased regulatory scrutiny
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June. The job cuts come after the company said earlier this year it would not lay off any…
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Web3 developer Magic raises $52M in funding led by PayPal Ventures
On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture…
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EU, US should push for AI code of conduct: EU tech chief
Lawmakers in the European Union are seeking to implement a code of conduct for the development and implementation of artificial intelligence (AI) prior to their forthcoming EU AI Act. In a joint meeting of the EU-U.S Trade and Technology…
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0xDEAFBEEF, NFT Creator – Cointelegraph Magazine
When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with…
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Chinese officials issue warning about AI and national security
Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security. The remarks come from a meeting on Tuesday, May…
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CNHC stablecoin issuer detained by Chinese police: Report
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.Employees of Trust Reserve — the issuer of the Chinese yuan-pegged stablecoin CNH…
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