Monday May 9, 2022
◾ The price of bitcoin (BTC) has dropped 15% over the past 7-days breaking $33,00 it’s lowest level in 4 months. (Coinmarketcap)
◾ The Bank of International Settlements’ Survey on central bank digital currencies finds that two thirds of the 81 reporting central banks are likely to issue a retail CBDC in the short or medium term. (BIS)
◾ South Koran President-elect Yoon Suk-yeol’s cryptocurrency policy proposals have omitted the establishment of a government agency dedicated to digital assets. (Forkast)
Government & NGO Actions
◾ Uganda’s central bank has started preliminary studies on the issuance of a CBDC. (Reuters)
◾ India’s National Securities Depository launched a blockchain to help monitor security and governance in the corporate bonds market to bring “further discipline and transparency to the market.” (Cointelegraph)
◾ The Department of Treasury has added crypto mixing service Blender.io to a list of sanctioned cyber-related North Korean entities. (Treasury.gov)
◾ The Department of Justice charged the CEO of Mining Capital Coin for allegedly orchestrating a $62 million global investment fraud scheme. (Justice.gov)
◾ Utah’s Governor has approved the formation of a blockchain and digital innovation task force. (Blazetrends)
◾ Colorado’s General Assembly is reviewing the possibility to offer a security token for state capital financing. (Colorado.gov)
◾ London police are warning of “crypto muggings” where criminals steal mobile phones and transfer out digital assets. (Theguardian)
Public Company Releases
◾ The SEC fined Nvidia (NVDA) $5 million for not properly inform investors about the impact of cryptocurrency miners on graphics cards sales. (SEC.gov)
◾ BitNile (NILE) reported first quarter preliminary revenue of $32 million with $1 million in income from operations. (Businesswire)
◾ Alborz, a joint venture affiliate of Cipher Mining (CIFR) has entered into a two-year, $46.9 million secured credit facility with BlockFi to purchase new mining rigs. (Globenewswire)
◾ Hut 8 (HUT) produced 309 bitcoin in April from bitcoin and ether mining reporting its installed operating capacity has reached 2.5 EH/s. (Cision)
◾ Argo Blockchain (ARBK) mined 166 bitcoin in April. (Accesswire)
Protocols, Applications & Business News
◾ Instagram is planning to pilot non-fungible token (NFT) integrations for Ethereum, Polygon, Solana and Flow. (Coindesk)
◾ De Beers, the world’s second largest diamond producer, has deployed a blockchain to help manage the supply chain for diamonds after the US banned the import of diamonds from the world’s largest producer Russian-based http://eng.alrosa.ru/ Alrosa. (Reuters)
◾ Google is establishing a new group to help developers build Web3 applications. (CNBC)
◾ Scammers in Turkey are running false advertising on billboards claiming to offering new business opportunities by Binance. (Cointelegraph)
◾ Crypto mining software company NiceHash claims it has developed technology to unlock Nvidia’s (NVDA) LHR graphics cards removing the mining limitation placed on the GPU hardware. (Nicehash)
Exchange, Custody and Product Updates
◾ Binance has reportedly stopped offering crypto derivatives in Spain and is apologetically working to seek approval from Spain’s market regulator. (Cryptotimes)