The cryptocurrency community celebrated Bitcoin Pizza Day, the head of Ledger, Pascal Gauthier, acknowledged the possibility of government access to assets in a hardware wallet, Sam Altman’s Worldcoin raised $115 million, and other events of the outgoing week.
Bitcoin again tested the levels above $27,000
Bitcoin quotes opened the week with growth, but on Wednesday the trend reversed, and on Thursday the price dropped below $26,000. By Sunday, the quotes recovered. At the time of writing, the first cryptocurrency is trading near $27,260.
Most of the top 10 digital assets by capitalization closed the week in the green zone. The Polygon (MATIC) token showed the best dynamics — its price increased by 4.1%.
The total capitalization of the cryptocurrency market is ~$1.19 trillion. The Bitcoin dominance index rose to 44.6%.
Cryptocurrency community celebrated Bitcoin Pizza Day
On May 22, the cryptocurrency community celebrated Bitcoin Pizza Day for the 13th time. The occasion was a landmark event for the industry, when in 2010 programmer Laszlo Heinitz purchased two Papa John’s pizzas for 10,000 BTC. At the current exchange rate at the beginning of the week, they would cost ~ $ 267 million.
In honor of the holiday, Binance was delivering free pizza, and Gate was giving away 1 BTC. To celebrate Bitcoin Pizza Day, Romanian crypto investor Daniel Nita purchased 10,000 pizzas for 1.01 BTC (~$26,800 at the time of purchase).
Sam Altman’s Worldcoin raises $115 million
The Tools for Humanity team, which includes the developers behind Sam Altman’s startup Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital. Other investors include Andreessen Horowitz, Bain Capital Crypto and Distributed Global.
The head of Ledger acknowledged the possibility of access by the authorities to assets in the company’s hardware wallet
Government authorities may, through the courts, require access to funds in the Ledger wallet connected to the Recover private key recovery service, CEO Pascal Gauthier confirmed.
According to him, such a scenario is unlikely, and such actions by the authorities are possible only in case of serious reasons like terrorism or drugs.
The hardware wallet maker will speed up the release of the source code of the service in order to allay user doubts about the safety of assets after widespread criticism of the new seed phrase recovery feature.
Amid community criticism of Recover, device sales from rival Trezor are up 900% in a week.
Binance Adds NFT Lending
The NFT marketplace of the Binance crypto exchange has integrated the function of borrowing cryptocurrencies secured by non-fungible tokens.
During the launch phase, digital assets from the Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles premium collections are available as collateral. So far, only Ethereum can be obtained on the security of NFT.
What to discuss with friends?
- An American woman found a cache of 12 BTC from her husband during a divorce.
- Another solo miner earned $177,000 by mining a bitcoin block.
- The Montenegrin High Court denied Do Kwon bail.
- Elliptic: Opioid shipments from China to the US are paid for with bitcoin.
Changpeng Zhao saw signs of a bull market thanks to Chinese TV
A cryptocurrency-related report on China Central Television caused a stir in local communities, said Binance CEO Changpeng Zhao. According to him, historically, such stories have led to bull rallies.
The report was about the licensing of platforms for trading digital assets in Hong Kong. In the video, journalists showed a device similar to a bitcoin ATM with the logo of the first cryptocurrency and the option to buy it in the menu. In other places, the abbreviation NFT flashed.
Elon Musk urged “not to get too hopeful” on Dogecoin
Elon Musk advised investors to “not bet too much” on the meme-cryptocurrency Dogecoin (DOGE) and not to invest all the money in the asset.
He said that DOGE is still his favorite cryptocurrency. The billionaire considers the coin to be the best among other digital assets because it has “great humor” and “dogs”.
Multichain cross-chain protocol token collapsed due to network failure
Users of the cross-chain protocol Multichain (MULTI) began to complain about transactions stuck in the blockchain due to an error during the network upgrade.
The problem arose on May 21st. The project team stated that the difficulties appeared during the technical work on the nodes of the cross-chain routers. Within a week, the MULTI price fell by more than 50%.
The project promised to compensate for the losses of users affected by the “force majeure”. At the same time, Binance has temporarily suspended deposits in 10 tokens used in transactions with the protocol.
Hotbit exchange announced the closure
Cryptocurrency exchange Hotbit announced the termination of activities after five years of operation. All users were asked to withdraw funds by June 21st. One of the reasons for this step in the team called “deteriorating operating conditions.”
The STEPN team has implemented the possibility of paying with Apple Pay
Developers M2E-STEPN project added the possibility of direct payment via Apple Pay for users of iOS devices. A spokesman for the project added that the tech giant’s 30% commission is “far from ideal,” but integration will provide an opportunity to attract more people to the project.
Base Developers Reveal Mainnet Launch Details
The main Base network, the second-tier solutions of the Coinbase crypto exchange, will be launched after the activation of Bedrock in the Optimism network. The update will introduce low fees, shorter deposit times and a number of other changes.
As the launch of the mainnet approached, following Uniswap, the feasibility of integrating Base was discussed in the community of the Aave DeFi platform.
Also on Cryplogger:
- Vitalik Buterin warned against overloading the Ethereum consensus.
- Strike has integrated USDT from Tether into the app.
- Amid preparations for the restart of FTX, the exchange token has grown by almost 30%.
- The BNB Chain team has set a date for the Luban hard fork.
What else to read?
We talked about the concept of ethical AI and tried to figure out whether it is really important for the development of safe artificial intelligence.
The new educational cards explained how to withdraw Ethereum from staking and what is the Fragment blockchain platform from the Telegram team.
Traditional digests collected the main events of the week in the fields of cybersecurity and artificial intelligence.
The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are showing to bitcoin as an asset class. The most important events of recent weeks are in the Cryplogger review.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The cryptocurrency community celebrated Bitcoin Pizza Day, the head of Ledger, Pascal Gauthier, acknowledged the possibility of government access to assets in a hardware wallet, Sam Altman’s Worldcoin raised $115 million, and other events of the outgoing week.
Bitcoin again tested the levels above $27,000
Bitcoin quotes opened the week with growth, but on Wednesday the trend reversed, and on Thursday the price dropped below $26,000. By Sunday, the quotes recovered. At the time of writing, the first cryptocurrency is trading near $27,260.
Most of the top 10 digital assets by capitalization closed the week in the green zone. The Polygon (MATIC) token showed the best dynamics — its price increased by 4.1%.
The total capitalization of the cryptocurrency market is ~$1.19 trillion. The Bitcoin dominance index rose to 44.6%.
Cryptocurrency community celebrated Bitcoin Pizza Day
On May 22, the cryptocurrency community celebrated Bitcoin Pizza Day for the 13th time. The occasion was a landmark event for the industry, when in 2010 programmer Laszlo Heinitz purchased two Papa John’s pizzas for 10,000 BTC. At the current exchange rate at the beginning of the week, they would cost ~ $ 267 million.
In honor of the holiday, Binance was delivering free pizza, and Gate was giving away 1 BTC. To celebrate Bitcoin Pizza Day, Romanian crypto investor Daniel Nita purchased 10,000 pizzas for 1.01 BTC (~$26,800 at the time of purchase).
Sam Altman’s Worldcoin raises $115 million
The Tools for Humanity team, which includes the developers behind Sam Altman’s startup Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital. Other investors include Andreessen Horowitz, Bain Capital Crypto and Distributed Global.
The head of Ledger acknowledged the possibility of access by the authorities to assets in the company’s hardware wallet
Government authorities may, through the courts, require access to funds in the Ledger wallet connected to the Recover private key recovery service, CEO Pascal Gauthier confirmed.
According to him, such a scenario is unlikely, and such actions by the authorities are possible only in case of serious reasons like terrorism or drugs.
The hardware wallet maker will speed up the release of the source code of the service in order to allay user doubts about the safety of assets after widespread criticism of the new seed phrase recovery feature.
Amid community criticism of Recover, device sales from rival Trezor are up 900% in a week.
Binance Adds NFT Lending
The NFT marketplace of the Binance crypto exchange has integrated the function of borrowing cryptocurrencies secured by non-fungible tokens.
During the launch phase, digital assets from the Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles premium collections are available as collateral. So far, only Ethereum can be obtained on the security of NFT.
What to discuss with friends?
- An American woman found a cache of 12 BTC from her husband during a divorce.
- Another solo miner earned $177,000 by mining a bitcoin block.
- The Montenegrin High Court denied Do Kwon bail.
- Elliptic: Opioid shipments from China to the US are paid for with bitcoin.
Changpeng Zhao saw signs of a bull market thanks to Chinese TV
A cryptocurrency-related report on China Central Television caused a stir in local communities, said Binance CEO Changpeng Zhao. According to him, historically, such stories have led to bull rallies.
The report was about the licensing of platforms for trading digital assets in Hong Kong. In the video, journalists showed a device similar to a bitcoin ATM with the logo of the first cryptocurrency and the option to buy it in the menu. In other places, the abbreviation NFT flashed.
Elon Musk urged “not to get too hopeful” on Dogecoin
Elon Musk advised investors to “not bet too much” on the meme-cryptocurrency Dogecoin (DOGE) and not to invest all the money in the asset.
He said that DOGE is still his favorite cryptocurrency. The billionaire considers the coin to be the best among other digital assets because it has “great humor” and “dogs”.
Multichain cross-chain protocol token collapsed due to network failure
Users of the cross-chain protocol Multichain (MULTI) began to complain about transactions stuck in the blockchain due to an error during the network upgrade.
The problem arose on May 21st. The project team stated that the difficulties appeared during the technical work on the nodes of the cross-chain routers. Within a week, the MULTI price fell by more than 50%.
The project promised to compensate for the losses of users affected by the “force majeure”. At the same time, Binance has temporarily suspended deposits in 10 tokens used in transactions with the protocol.
Hotbit exchange announced the closure
Cryptocurrency exchange Hotbit announced the termination of activities after five years of operation. All users were asked to withdraw funds by June 21st. One of the reasons for this step in the team called “deteriorating operating conditions.”
The STEPN team has implemented the possibility of paying with Apple Pay
Developers M2E-STEPN project added the possibility of direct payment via Apple Pay for users of iOS devices. A spokesman for the project added that the tech giant’s 30% commission is “far from ideal,” but integration will provide an opportunity to attract more people to the project.
Base Developers Reveal Mainnet Launch Details
The main Base network, the second-tier solutions of the Coinbase crypto exchange, will be launched after the activation of Bedrock in the Optimism network. The update will introduce low fees, shorter deposit times and a number of other changes.
As the launch of the mainnet approached, following Uniswap, the feasibility of integrating Base was discussed in the community of the Aave DeFi platform.
Also on Cryplogger:
- Vitalik Buterin warned against overloading the Ethereum consensus.
- Strike has integrated USDT from Tether into the app.
- Amid preparations for the restart of FTX, the exchange token has grown by almost 30%.
- The BNB Chain team has set a date for the Luban hard fork.
What else to read?
We talked about the concept of ethical AI and tried to figure out whether it is really important for the development of safe artificial intelligence.
The new educational cards explained how to withdraw Ethereum from staking and what is the Fragment blockchain platform from the Telegram team.
Traditional digests collected the main events of the week in the fields of cybersecurity and artificial intelligence.
The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are showing to bitcoin as an asset class. The most important events of recent weeks are in the Cryplogger review.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!