A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”? Source: https://www.coindesk.com/consensus-magazine/2023/05/05/pump-the-brcs-the-promise-and-peril-of-bitcoin-backed-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo. Source: https://www.coindesk.com/policy/2023/05/05/new-york-attorney-general-seeks-new-crypto-powers-for-state-regulators-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system. Source: https://www.coindesk.com/business/2023/05/05/bnp-paribas-will-link-digital-yuan-to-bank-accounts-for-promoting-cbdc-use-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat. Source: https://www.coindesk.com/policy/2023/05/05/uks-fca-continues-crackdown-on-unregistered-crypto-atms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain. Source: https://www.coindesk.com/markets/2023/05/05/ethereums-median-gas-price-surges-to-12-month-as-pepe-frenzy-grips-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8. Source: https://www.coindesk.com/policy/2023/05/05/zimbabwe-central-bank-wants-citizens-to-subscribe-to-its-gold-backed-digital-currency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending. Source: https://www.coindesk.com/markets/2023/05/05/pepe-coin-shorters-lose-millions-as-pepe-jumps-to-900m-valuation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas. Source: https://www.coindesk.com/business/2023/05/05/israel-has-seized-190-binance-accounts-with-alleged-terrorist-ties-since-2021-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/markets/2023/05/05/first-mover-asia-cbdcs-are-the-hottest-issue-in-florida-politics-bitcoin-falls-slightly/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kenya’s Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year. Source: https://www.coindesk.com/policy/2023/05/05/3-tax-on-crypto-transfers-part-of-kenyas-proposed-budget-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines