Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law. Source: …

The country’s regulator told CEO Leon Li to ensure the website and mobile apps are disabled. Source: https://www.coindesk.com/policy/2023/05/22/malaysia-says-crypto-exchange-huobi-global-isnt-registered-must-cease-operations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion. Source: https://www.coindesk.com/markets/2023/05/22/bitcoins-trading-range-narrows-to-tightest-in-months/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default. Source: https://www.coindesk.com/business/2023/05/22/gemini-says-genesis-parent-dcg-missed-630-million-payment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The proposal would revert Tornado Cash’s governance back to token holders, but not everyone in the community agrees that it’s a benevolent plan. Source: https://www.coindesk.com/markets/2023/05/22/tornado-cashs-torn-token-up-10-as-attacker-submits-proposal-to-undo-attack/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Crypto companies and trade organization are spending a fraction of the amount that other industries are allocating for lobbying. That may change. Source: https://www.coindesk.com/markets/2023/05/22/first-mover-asia-coming-soon-a-retest-of-bitcoin-at-30k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Marathon CEO Fred Thiel tells CoinDesk in an interview that he wants to make sure development and maintenance of the open-source Bitcoin Core client software are “properly funded.” Source: …

A malicious proposal allowed an unidentified attacker to take over Tornado Cash, opening up the floodgates to a potential treasury drain. Source: https://www.coindesk.com/tech/2023/05/21/attacker-takes-over-tornado-cash-dao-with-vote-fraud-token-slumps-40/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

NFTs on the auction block this round included Tyler Hobbs’ Fidenza #725, Dmitri Cherniak’s Ringers #375, Autoglyph #187 and CryptoPunk #1326. Source: https://www.coindesk.com/web3/2023/05/20/sothebys-auctions-part-of-3acs-rare-nft-collection-bringing-in-24-million/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Strike, led by Jack Mallers, currently operates in the U.S., Argentina and El Salvador. The push into new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean …