TL;DR Breakdown UK lawmakers have proposed that all unbanked digital assets should be regulated under the same framework as gambling. The lawmakers recognize the benefits of regulating the crypto space. In a recent report, a panel of UK lawmakers has recommended that the trading of “unbacked assets” like Bitcoin and Ethereum should be regulated as gambling rather than a financial service. The United Kingdom is currently developing a regulatory framework for cryptocurrencies, aiming to blend existing financial asset laws with new crypto-specific rules. UK lawmakers debate new proposal The report, released by the U.K. Treasury Committee on May 17, strongly advocated for regulating retail crypto trading and investment activities as gambling, following the principle of “same risk, same regulatory outcome.” The UK lawmakers committee expressed concerns about the price volatility and lack of intrinsic value in unbacked crypto assets, which they believe inevitably pose significant risks to consumers. Harriett Baldwin, Chair of the Treasury Committee, emphasized that Bitcoin and Ether, which together account for two-thirds of the total market capitalization of assets, are considered unbacked. She voiced worries that regulating…

TL;DR Breakdown Telegram downplayed the seriousness of an exploit that allowed researchers to access the camera systems of Apple macOS devices. By injecting a dynamic library into a user’s system, the exploit could grant access to the device’s camera and enable the recording and saving of the files. The introduction of blockchain-based anonymous numbers as a feature in Telegram further showcases the platform’s efforts to enhance user privacy.  Messaging application Telegram downplayed the seriousness of an exploit that allowed researchers to access the camera systems of Apple macOS devices. The exploit was flagged by software engineer Dan Revah, who detailed the method in a blog post. By injecting a dynamic library into a user’s system, the exploit could grant access to the device’s camera and enable the recording and saving of the files. Revah also claimed that the exploit could bypass the terminal’s sandbox using a launch agent and gain additional system privileges.  However, the spokesperson Remi Vaughn stated that Telegram users are not at risk by default, as the exploit requires malware to be installed on their systems. Vaughn…

TL;DR Breakdown Binance will mark this year’s Bitcoin Pizza Day, celebrated on May 22, in style with online and in-person events worldwide. Learn more details. Users can also join in the fun online with Binance’s Bitcoin Pizza Day Collect & Win activity to win the BTC equivalent of a year’s supply of pizza. How will you be celebrating Bitcoin Pizza Day 2023? Let us know. How are you celebrating Bitcoin Pizza Day 2023? Bitcoin enthusiasts around the world are gearing up to celebrate the 13th anniversary of Bitcoin Pizza Day on May 22, 2023. The annual event commemorates the historic transaction where Laszlo Hanyecz famously used 10,000 bitcoins to purchase two Papa John’s pizzas.  This year, leading cryptocurrency exchange Binance is taking the initiative to make the celebrations even grander, showcasing the remarkable journey of Bitcoin from a humble pizza payment to a global digital currency phenomenon. Contents hide 1 Binance leads the way in commemorating the revolutionary Bitcoin Pizza Day 2 Bitcoin Pizza Day Events – Binance in-person meetups 2.1 Italy (Naples) Super Meet-Up, Sunday, May 21 2.2 Pizza…

Contents hide 1 Chainlink Price Predictions 2023-2032 2 How much is LINK worth? 3 The Recent Chainlink Price News 4 Chainlink price analysis: LINK rejected at $6.72 after a bearish surge 4.1 Chainlink (LINK) Price Prediction 2023 4.2 Chainlink Price Prediction 2024 4.3 Chainlink (LINK) Price Prediction 2025 4.4 Chainlink Price Prediction 2026 4.5 Chainlink Price Prediction 2027 4.6 Chainlink Price Prediction 2028 4.7 Chainlink Price Prediction 2029 4.8 Chainlink Price Prediction 2030 4.9 Chainlink Price Prediction 2031 4.10 Chainlink Price Prediction 2032 5 Chainlink Overview 6 Chainlink Price History 7 Recent News/Opinions on Chainlink 8 More on Chainlink 9 Conclusion Chainlink Price Predictions 2023-2032 Chainlink Price Prediction 2023 – up to $11.00 Chainlink Price Prediction 2026 – up to $34.43 Chainlink Price Prediction 2029 – up to $108.37 Chainlink Price Prediction 2032 – up to $329.44 No one could say if — and when — the crypto winter is ending. We can regard some successful strategies as “green shoots” to create hope for the crypto industry. ETH witnessed three consecutive weeks of inflows after 11 straight weeks of sell-off,…

TL;DR Breakdown US Senator Cynthia Lummis criticizes the statement of a former Signature Bank executive. US Congress wants to abolish excessive executive compensation. US Senator Cynthia Lummis has faulted the statement of a former Signature Bank executive at Congress. Scott Shay has come under scrutiny for allegedly attempting to shift blame onto the cryptocurrency industry while personally benefiting from hefty bonuses and stock options. During a Senate Banking Committee hearing on May 16, Senator Cynthia Lummis criticized Shay’s prepared statement regarding the bank’s collapse. Senator Lummis pick holes in his statement Scott Shay acknowledged that Signature Bank began accepting deposits from digital asset businesses in 2018 but significantly reduced its exposure to the industry in 2022 due to volatility. He claimed that the bank’s seizure by regulators was triggered by the failure of a bank closely associated with the digital asset sector, leading to the withdrawal of $16 billion from Signature Bank. Senator Lummis accused Shay of deflecting blame onto cryptocurrency depositors and regulators while evading personal responsibility. Shay denied placing blame on digital assets, but Lummis pointed out that…

TL;DR Breakdown Avalanche price analysis is bearish today. The strongest resistance is present at $18.2. The strongest support is present at $14.8. Avalanche price analysis indicates the emergence of a bearish trend that is progressively gaining strength, with substantial potential for further downward movement. The AVAX/USD trading pair is currently priced at $14.8, showing a decline of 0.48% within the past 24 hours. Yesterday, the market witnessed a substantial downturn, marked by a swift downward trajectory, and is now showing early signs of optimistic bullish activity after falling below the $14.6 threshold. Additionally, there is a decrease in market volatility, creating a favorable environment for the bulls to initiate a significant rebound. As of today, the price of Avalanche (AVAX) stands at $14.80, accompanied by a 24-hour trading volume of $203.96 million. The market capitalization of AVAX amounts to $4.93 billion, indicating a market dominance of 0.43%. Over the past 24 hours, the AVAX price experienced a decrease of -0.36%. Currently, the sentiment for Avalanche price prediction is bearish, while the Fear & Greed Index indicates a neutral value of…

TL;DR Breakdown Tether International Limited has announced a new investment strategy where it will use up to 15% of its net realized operating profits to purchase Bitcoin regularly. The Bitcoin purchase initiative aims to strengthen, diversify, and amplify Tether’s reserves, enhancing transparency about the company’s performance and capital allocation strategy. Unlike other institutional investors, Tether maintains possession of the private keys for all its Bitcoin holdings, demonstrating a strong commitment to security. In a bold move that marks a significant strategy shift, Tether International Limited, the organization behind the pioneer and most popular stablecoin, has declared its new investment plan. The strategy entails strengthening its reserves portfolio through periodic Bitcoin (BTC) purchases, using up to 15% of its net realized operating profits, according to the company’s recent announcement. Tether’s investment strategy The company’s recent endeavors to purchase Bitcoin are part of an initiative aimed at amplifying, diversifying, and fortifying its reserves. By doing so, Tether aims to enhance transparency, providing a more precise portrayal of its financial performance and capital allocation strategy. The company stated that it would concentrate solely…

TL;DR Breakdown Despite ongoing tense negotiations over raising the U.S. debt ceiling, both President Joe Biden and House Speaker Kevin McCarthy expressed confidence that the U.S. will not default on its debt. While negotiations have moved into a more serious phase, key points of contention remain, including the Republican request to attach work requirements to federal food benefits. Despite Democrats’ calls for revenue-raising mechanisms to be part of the discussion, McCarthy stated that taxes will not be part of the debt ceiling negotiations. Despite ongoing negotiations and the looming deadline to raise the debt ceiling, both President Joe Biden and House Speaker Kevin McCarthy expressed confidence that the United States would not default on its debt. Their assurances come at a crucial time when the government is racing against the clock to strike a deal and avert an economic catastrophe. What are Biden and McCarthy planning? Biden and McCarthy’s statements indicate that the previously stalled negotiations are now entering a more serious and concrete phase, with the possibility of a deal drawing nearer. The June 1 deadline to raise the…

TL;DR Breakdown The current global economic situation has challenged the Dominance of the US Dollar among international investors. Greg Becker, SVB’s former CEO,  stated at a Senate banking committee hearing on Tuesday that he is “truly sorry” for the b bankruptcy situation. Peter Schiff argues that how FDIC has handled the SVB situation will cause foreigners to stay clear of US banks. The world is witnessing the fall of the US Dollar. In today’s ever-changing economic landscape, the stability of currencies holds immense significance. The United States dollar, being one of the world’s leading reserve currencies, has traditionally been seen as a symbol of stability and reliability. However, the current volatile economic environment poses challenges to the stability of the US dollar, leading to widespread discussions and concerns among economists, investors, and individuals alike. US Dollar volatility: Experts highlight concerns over inflationary pressures In a volatile economic environment, the stability of the US dollar has come under scrutiny as concerns over inflationary pressures intensify. Financial experts and market analysts have sounded the alarm, pointing to a confluence of factors that…

TL;DR Breakdown Coinbase is targeting the Singapore crypto market to expand its international presence and adapt to evolving market dynamics. The move comes as Coinbase responds to regulatory crackdowns by U.S. authorities and aims to strengthen its position in the global market. Coinbase now offers services in Singapore, including purchasing USDC with SGD without fees. Coinbase cryptocurrency exchange, a United States (U.S.) based exchange platform, has made significant strides in the crypto industry. In a recent blog post, the exchange platform announced its intention to expand a wide range of services to customers in Singapore. Coinbase is actively enhancing its international presence in response to regulatory crackdowns by U.S. authorities, where the company is headquartered. As part of this effort, the exchange platform has taken decisive steps to extend its services to customers in Singapore. This strategic move aims to strengthen Coinbase’s position and adapt to evolving market dynamics while ensuring continued accessibility to users in different regions. Users can now purchase USDC with Singapore dollars (SGD) without incurring fees while also receiving rewards for holding USDC. Additionally, Coinbase has…