Adoption
Exchanges
Bitget records almost $660B in Q1 futures trading volume amid surge at CEXs, Bitcoin rally in March
Almost all crypto exchanges recorded surges in futures trading and spot trading volumes in March.
Exchanges
Crypto lender Nexo shuts down 2 UK-based subsidiaries
Nexo is also going under investigation in Bulgaria for allegedly being involved in an organized scheme.
Exchanges
Coinbase ex-manager gets 2-year sentence for insider trading
Coinbase's former product manager, Ishan Wahi got sentenced to two years in prison by the US authorities.
Analysis
Crypto investment products recorded over $50M in outflows – almost all from BTC
Bitcoin-based investment products lost $54.9 million as the overall market closed at outflows for the third consecutive week.
Exchanges
Coinbase CEO dismisses speculation that exchange plans to relocate from US
Armstrong stated that even though the US is falling behind in crypto regulations, Coinbase will always have a "US presence."
CBDCs
Canada launches CBDC consultation
The Bank of Canada's online public consultation on the Canadian CBDC will remain open until June 19, 2023.
Mining
Vortex doubles mining capacity to combat inflation
Vortex Mining aims to meet the Bitcoin demand which is growing due to global inflation.
Scams
Yoda coin’s sudden collapse: how investors lost over $129K in Ethereum to a rug pull scam
YODA coin deleted all its social accounts while the scammer rugged over 68 Ethereum, according to the PeckShieldAlert tweet report.
Crime
Over 75% of global institutions anticipate a successful cyber attack within a year
Trend Micro's latest report revealed the cyber-risk levels improved to moderate from elevated for the first time in the second half of 2022.
Regulation
Kenya introduces 1.5% tax to crypto companies
Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.
Trading
OKX and Binance lead the way in $137M crypto liquidation as market stumbles
At the time of writing, over $137 million worth of crypto got liquidated in the last 24 hours, as Bitcoin lost 2.49% in value.
Tokenization
Over $790M worth token unlocks scheduled for May
Optimism will release the largest amount on May 31 with over $329 million worth of tokens. Avalanche and BitDao follow as second and third.