FSMA’s concerns meant the exchange could have lost its license or even faced prosecution, even before the Estonian platform which held its funds filed for insolvency Source: https://www.coindesk.com/policy/2023/05/08/bit4yous-affairs-in-doubt-even-before-coinloan-collapse-belgian-regulator-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post. Source: https://www.coindesk.com/business/2023/05/08/paxful-marketplace-back-online-following-temporary-suspension/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running …

Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved in transactions did …

Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line. Source: https://www.coindesk.com/policy/2023/05/08/estonias-registered-crypto-firms-drop-80-as-tough-new-checks-reveal-suspicious-behavior/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit. Source: https://www.coindesk.com/policy/2023/05/08/ripples-tussle-against-sec-to-cost-the-firm-200m-ceo-garlinghouse-says-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows. Source: https://www.coindesk.com/tech/2023/05/08/block-demand-leads-to-fee-spike-as-bitcoin-based-memecoins-flourish/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Speculative mania in meme coins has historically presaged bearish reversals in bitcoin. Source: https://www.coindesk.com/markets/2023/05/08/meme-coin-trading-volume-surges-to-two-year-highs-signals-caution-for-bitcoin-bulls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits. Source: https://www.coindesk.com/policy/2023/05/08/south-korea-authorities-investigate-lawmaker-over-suspicious-crypto-transfers-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say. Source: https://www.coindesk.com/tech/2023/05/08/aave-dao-passes-proposal-to-deploy-on-ethereum-layer-2-metis-network/?utm_medium=referral&utm_source=rss&utm_campaign=headlines