Bitcoin Loses 10% on the Week as Memecoins Tumble
Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.
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EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows
Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.
LG Electronics Seeks Patent for TV Which Lets Users Trade NFTs
LG has been a node operator on the Hedera Network since 2020.
First Mover Americas: Bitcoin Falls to 2-Month Low
The latest price moves in bitcoin (BTC) and crypto markets in context for May 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case
Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues.
Cardano Scaling Node Hydra Head Goes Live on Blockchain’s Mainnet
The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.
Bitcoin Prices Slip to 2-Month Lows As CoinDesk’s Bitcoin Trend Indicator Turns Neutral From Bullish
Prices fell to $26,160 soon before press time, reaching the lowest since March 17.
Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale
The miner will sell its common shares under an at-the-market (ATM) offering, with investment firms Canaccord Genuity and Stifel acting as agents.
Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite
The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November.
Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq
Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021.