The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said. Source: https://www.coindesk.com/markets/2023/06/05/bitcoin-retail-demand-to-remain-strong-ahead-of-halving-event-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bankrupt crypto company is seeking the return of funds sent by Sam Bankman-Fried’s empire before its November collapse. Source: https://www.coindesk.com/policy/2023/06/05/new-yorks-met-museum-agrees-to-return-550k-in-ftx-donations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

London-based Arch Insurance International, a syndicate member of Lloyd’s of London, has authorized Evertas to increase its coverage limit for a single policy for crypto custodians and exchanges. Source: …

Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach. Source: https://www.coindesk.com/tech/2023/06/05/atomic-wallet-users-hacked-for-35m-worth-of-bitcoin-ether-tether-and-other-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the …

The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted. Source: https://www.coindesk.com/markets/2023/06/02/crypto-lender-celsius-800m-ether-staking-shake-up-stretches-ethereum-validator-queue-to-44-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether and other major cryptos spent much of the day in positive territory. Source: https://www.coindesk.com/markets/2023/06/02/why-did-bitcoins-price-rise-btc-hovers-over-27k-as-investors-shrug-off-hot-jobs-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The company plans to offer financial services that combine the potential of crypto with traditional financial services. Source: https://www.coindesk.com/business/2023/06/02/mercado-bitcoin-brazils-largest-crypto-exchange-receives-license-as-a-payment-institution/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner’s bitcoin production per unit of computing power was low in April. Source: https://www.coindesk.com/tech/2023/06/02/marathon-digital-mined-77-more-bitcoin-in-may-with-the-help-of-its-software/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying …