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Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.
His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months.
Bjelic winds down ‘day-to-day involvement’
“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post.
More here
https://t.co/nWQg5Fo6uZ
#bitcoin #crypto #cryptonews
His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months.
Bjelic winds down ‘day-to-day involvement’
“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post.
More here
https://t.co/nWQg5Fo6uZ
#bitcoin #crypto #cryptonews
Worldcoin’s parent entity, the nonprofit World Foundation, has injected fresh momentum into its biometric-identity project after selling $135 million worth of liquid WLD tokens at spot price to two of its earliest backers, Andreessen Horowitz (a16z) and Bain Capital Crypto. The direct purchase—explicitly “not a venture round… a direct purchase of non-discounted liquid tokens,” according to the foundation—adds the same amount of WLD to circulating supply and leaves no lock-ups or preferential terms on the table.
Worldcoin Rakes In $135 Million
The sale is meant to bankroll a rapid expansion of Worldcoin’s iris-scanning “Orb” hardware in the United States—still the project’s toughest regulatory theater—and to keep pace with surging demand abroad. “To date, more than 26 million users participate in the World network and more than 12.5 million people have an Orb-verified World ID,” the foundation said in its press release, adding that the capital will help the network become “one of the first self-sustaining protocols.”
More here
https://t.co/dZ5xqZyz2S
#bitcoin #crypto #cryptonews
Worldcoin Rakes In $135 Million
The sale is meant to bankroll a rapid expansion of Worldcoin’s iris-scanning “Orb” hardware in the United States—still the project’s toughest regulatory theater—and to keep pace with surging demand abroad. “To date, more than 26 million users participate in the World network and more than 12.5 million people have an Orb-verified World ID,” the foundation said in its press release, adding that the capital will help the network become “one of the first self-sustaining protocols.”
More here
https://t.co/dZ5xqZyz2S
#bitcoin #crypto #cryptonews
Having surged about 22.5% over the past 30 days, Bitcoin (BTC) has sparked concerns in the crypto market that its rally may be nearing exhaustion, with a potential price correction on the horizon. However, the latest on-chain data reveals that despite elevated unrealized profits, there are still no signs of increased selling pressure for the leading cryptocurrency.
Bitcoin Unrealized Profits Remain High But No Panic Selling Yet
According to a recent CryptoQuant Quicktake post by Bitcoin analyst Crazzyblockk, the cohort of new investors – those who have held BTC for less than one month – is currently sitting on unrealized profits of 6.9%.
In the same vein, short-term investors – holders who have held Bitcoin for less than six months – are sitting on unrealized profits of 10.7%. These figures highlight that the unrealized profit/loss ratio remains elevated, with unrealized profits far outweighing unrealized losses.
More here
https://t.co/259WU34P97
#bitcoin #crypto #cryptonews
Bitcoin Unrealized Profits Remain High But No Panic Selling Yet
According to a recent CryptoQuant Quicktake post by Bitcoin analyst Crazzyblockk, the cohort of new investors – those who have held BTC for less than one month – is currently sitting on unrealized profits of 6.9%.
In the same vein, short-term investors – holders who have held Bitcoin for less than six months – are sitting on unrealized profits of 10.7%. These figures highlight that the unrealized profit/loss ratio remains elevated, with unrealized profits far outweighing unrealized losses.
More here
https://t.co/259WU34P97
#bitcoin #crypto #cryptonews
The U.S. Securities and Exchange Commission announced Tuesday that it has charged New York-based crypto project Unicoin and its three top executives for allegedly offering fraud rights certificates to investors of its cryptocurrency and common stock.
Unicoin allegedly targeted thousands of investors with unsupported promises that its crypto tokens would be backed by real-world assets including real estate holdings and equity interests in pre-IPO companies worth billions of dollars, the SEC said.
"But as we allege, the real estate assets were worth a mere fraction of what the company claimed, and the majority of the company’s sales of rights certificates were illusory," said Mark Cave, associate director in the SEC's Division of Enforcement.
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https://t.co/aTyErbm2MS
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Unicoin allegedly targeted thousands of investors with unsupported promises that its crypto tokens would be backed by real-world assets including real estate holdings and equity interests in pre-IPO companies worth billions of dollars, the SEC said.
"But as we allege, the real estate assets were worth a mere fraction of what the company claimed, and the majority of the company’s sales of rights certificates were illusory," said Mark Cave, associate director in the SEC's Division of Enforcement.
More here
https://t.co/aTyErbm2MS
#bitcoin #crypto #cryptonews
Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration, arguing that the group waived their ability to form a class action under the company’s terms.
The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the crypto exchange.
“The Court should hold that Plaintiffs are required to arbitrate claims that accrued after Feb. 20, 2019, even if the Court adheres to its initial decision as to claims that accrued before then and that the class-action waiver in the 2019 Terms of Use is enforceable for all of Plaintiffs’ claims,” Binance said.
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https://t.co/pSaAZrhiR2
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The exchange said in a May 16 filing to a New York federal court that its terms of service, which it claimed the class group agreed to, has a clause that users agree to arbitrate all claims, along with a clause preventing users from launching class actions against the crypto exchange.
“The Court should hold that Plaintiffs are required to arbitrate claims that accrued after Feb. 20, 2019, even if the Court adheres to its initial decision as to claims that accrued before then and that the class-action waiver in the 2019 Terms of Use is enforceable for all of Plaintiffs’ claims,” Binance said.
More here
https://t.co/pSaAZrhiR2
#bitcoin #crypto #cryptonews
Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project.
The Zamoskvoretsky District Court of Moscow approved a request from investigators to keep Smerkis in custody while he is being investigated, Russian state-owned news outlet TASS reported on May 18.
Smerkis — who previously ran operations for Binance in Russia — is suspected of committing fraud on a “large scale,” pursuant to Article 159 of the Criminal Code of the Russian Federation, violations of which can result in imprisonment ranging from two to 12 years.
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https://t.co/WFGXNjnFxg
#bitcoin #crypto #cryptonews
The Zamoskvoretsky District Court of Moscow approved a request from investigators to keep Smerkis in custody while he is being investigated, Russian state-owned news outlet TASS reported on May 18.
Smerkis — who previously ran operations for Binance in Russia — is suspected of committing fraud on a “large scale,” pursuant to Article 159 of the Criminal Code of the Russian Federation, violations of which can result in imprisonment ranging from two to 12 years.
More here
https://t.co/WFGXNjnFxg
#bitcoin #crypto #cryptonews
Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported.
According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed.
France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks.
More here
https://t.co/GwRu3rLRMe
#bitcoin #crypto #cryptonews
According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed.
France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks.
More here
https://t.co/GwRu3rLRMe
#bitcoin #crypto #cryptonews
BlackRock, one of the world's largest asset managers, filed to launch DLT shares of its $150 billion Treasury Trust Fund, a money market fund. DLT shares refer to digital shares with ownership tracked using distributed ledger technology.
According to the Form N-1A filed with the Securities and Exchange Commission on Monday, the DLT shares will be sold solely through BNY Mellon. The minimum initial investment by an institution for DLT shares is set at $3 million, with no minimum requirements for further investments.
"Although the Fund does not currently employ blockchain technology or invest in crypto assets, … [BNY] intends to use blockchain technology to maintain a mirror record of share ownership for its customers," the filing explained.
More here
https://t.co/XI5GHffQHM
#bitcoin #crypto #cryptonews
According to the Form N-1A filed with the Securities and Exchange Commission on Monday, the DLT shares will be sold solely through BNY Mellon. The minimum initial investment by an institution for DLT shares is set at $3 million, with no minimum requirements for further investments.
"Although the Fund does not currently employ blockchain technology or invest in crypto assets, … [BNY] intends to use blockchain technology to maintain a mirror record of share ownership for its customers," the filing explained.
More here
https://t.co/XI5GHffQHM
#bitcoin #crypto #cryptonews
Bitcoin BTCUSD gained 11% between April 20 and April 26, demonstrating resilience by holding near its two-month high around $94,000. This relief rally followed signals from the Trump administration about easing import tariffs, as well as strong corporate earnings reports.
Investor confidence in Bitcoin was further boosted by a record $3.1 billion in net inflows to spot Bitcoin exchange-traded funds (ETFs) over five days. However, a key BTC derivatives indicator showed signs of bearish momentum, raising questions about whether the $100,000 target is still realistic.
Perpetual Bitcoin futures contracts are favored by retail traders because their prices closely track the spot market. A positive funding rate means that buyers pay to maintain their positions, so a reversal in this rate is typically linked to bearish trends.
More here
https://t.co/Oa352q1WFe
#bitcoin #crypto #cryptonews
Investor confidence in Bitcoin was further boosted by a record $3.1 billion in net inflows to spot Bitcoin exchange-traded funds (ETFs) over five days. However, a key BTC derivatives indicator showed signs of bearish momentum, raising questions about whether the $100,000 target is still realistic.
Perpetual Bitcoin futures contracts are favored by retail traders because their prices closely track the spot market. A positive funding rate means that buyers pay to maintain their positions, so a reversal in this rate is typically linked to bearish trends.
More here
https://t.co/Oa352q1WFe
#bitcoin #crypto #cryptonews
DeFi Development Corp. (formerly Janover Inc.) is trying to raise $1 billion by selling securities to buy Solana SOLUSD over time.
Earlier today, a report from Coinbase claimed that the firm had already raised $42 million for SOL purchases with similar sales. Apparently, these operations were only the beginning of a much larger ambition.
More here
https://t.co/QwTiYGM0Zm
#bitcoin #crypto #cryptonews
Earlier today, a report from Coinbase claimed that the firm had already raised $42 million for SOL purchases with similar sales. Apparently, these operations were only the beginning of a much larger ambition.
More here
https://t.co/QwTiYGM0Zm
#bitcoin #crypto #cryptonews
The capital city of Slovenia — Ljubljana — has been named the world’s most crypto-friendly city by migration advisory firm Multipolitan.
More here
https://rebrand.ly/834154
#bitcoin #crypto #cryptonews
More here
https://rebrand.ly/834154
#bitcoin #crypto #cryptonews
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