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Blockchain gaming investments reached nearly $1B in April

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming. 

DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the sector accompanies similar trends in the overall decentralized applications (Dapp) market.

According to the report, the recent boon can be attributed to several factors including renewed consumer interest in digital assets within the context of gaming:

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

How and when to sell your crypto — a simple guide

In the latest Cointelegraph video, we explain how to set up a successful exit strategy in crypto using a few simple steps.

Missing out on a crypto bull market is tough, but what’s worse is watching your crypto wealth skyrocket only to crash before you can take profits.

In the latest Cointelegraph video, we explain how to build your crypto exit strategy in a few simple steps.

Taking profit means turning your digital gains into real money. There are two main ways to cash out in crypto: convert your assets into stablecoins and transfer them to your crypto wallet, or sell your crypto for fiat and transfer the money to your bank account.

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

M2 money supply ‘holds the key’ for Bitcoin’s next move — Market analyst

The growth of the money supply is historically correlated with previous Bitcoin price bull runs.

The growing money supply in the United States could be the key to unlocking more upward momentum for Bitcoin (BTC), according to market analysts and historical chart patterns.

The M2 money supply estimates all cash and short-term bank deposits across the United States, and its growth has historically been correlated with previous Bitcoin bull runs.

The growth of the money supply could hold the key for the next leg up for the Bitcoin cycle, according to Jamie Coutts, chief crypto analyst at Realvision, who wrote in a May 16 X post:

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

‘We’re just scratching the surface’ of crypto and AI — Microsoft exec

The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.

Microsoft believes that artificial intelligence (AI) is “the defining technology of our time,” and it has been on the cutting edge of both AI research and investment. 

But that doesn’t mean the Seattle-based tech giant isn’t paying close attention to the cryptoverse too, including ways that blockchain technology and AI might one day support each other.

At the recent Cornell Blockchain Conference in New York, Yorke Rhodes, Microsoft’s director for digital transformation, blockchain and cloud supply chain, was asked how the company viewed this possible intersection of technologies.

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

Mastercard launches ‘next generation’ of blockchain payments startup program

The program has added five startups and will trial various payment technologies ranging from blockchain to Web3.

Fintech giant Mastercard announced the addition of five new startups to its Start Path Blockchain and Digital Assets program on May 15. 

The Start Path Blockchain and Digital Assets program is a fintech accelerator program that focuses on “exploring future use cases to scale new solutions with startups around the world.”

Joining the program are crypto payment and card issuer Kulipa, blockchain software firm Parafin, decentralized physical infrastructure network (DePin) firm peaq, data platform Triangle, and blockchain developer Venly.

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

Tornado Cash developer guilty of money laundering

Pertsev has been under arrest in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

Alexey Pertsev, the developer of the cryptocurrency mixing protocol Tornado Cash, has been found guilty of money laundering, raising potentially severe implications for open-source code developers.

Pertsev was found guilty of money laundering by Dutch judges at the s-Hertogenbosch Court of Appeal on May 14. The developer was sentenced to five years and four months in prison for allegedly laundering $1.2 billion worth of illicit assets on the platform.

The sentencing came despite Tornado Cash being a noncustodial crypto mixing protocol — meaning that the funds that go through the protocol are never held or controlled by it.

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

Bitcoin price shows strength as investors anticipate return of money printing

Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view.

Bitcoin (BTC) rose by 2% in the last 24-hours, recovering after two days of difficulty in surpassing the $61,500 resistance. By sustaining price levels above $62,500, the current upside movement demonstrates that Bitcoin can still experience positive price fluctuations regardless of the U.S. spot Bitcoin exchange-traded fund (ETF) flows, which saw $100 million in net outflows over four days.

Several factors have improved sentiment toward cryptocurrencies, beginning with China's announcement of issuing $138 million in long-term bonds to boost the economy. Although this was expected since the announcement in March, it reaffirmed that governments are acknowledging increased risks of recession. This was in response to data indicating that China's aggregate credit decreased in April for the first time in seven years.

Zou Wang, an investment director at Shanghai Anfang Private Fund Management, told Reuters that the market now anticipates further liquidity injections from China's central bank, possibly including cuts to interest rates. Such actions would exacerbate issues stemming from recent expansive measures by the U.S. Federal Reserve (Fed), which led to an increase in the U.S. monetary supply in March for the first time in two years.

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

Bitcoin bottomed at $56K? BTC price chart hints at breakout within days

Adding to the bullish technical formation, Bitcoin's distribution 'danger zone' has officially ended, according to popular analyst Rekt Capital.

A popular Bitcoin chart formation suggests that Bitcoin's (BTC) price could break out from its current range. However, this week's macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside?

On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by technical analysts to predict the reversal of a previous downtrend.

Based on the technical formation, Bitcoin could rally to the upside if a break above the trendline occurs, according to a May 13 X post from crypto investor Quinten Francois, who wrote:

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

MoonPay donates to Coinbase’s Stand With Crypto campaign

Crypto payment firm MoonPay is among the first crypto advocates to support Coinbase-initiated pro-crypto PAC related to the upcoming U.S. election.

Cryptocurrency payment firm MoonPay has contributed an undisclosed amount to Coinbase’s nonprofit crypto advocacy project, Stand With Crypto.

“This morning, we made a donation on behalf of everyone here at MoonPay to Stand With Crypto,” MoonPay CEO Ivan Soto-Wright announced on May 13.

The executive emphasized that the upcoming U.S. election will define the future of the cryptocurrency industry in the country, and it’s people’s responsibility to step up to advance crypto. He stated:

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Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report

279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown

279 Crypto Accounts Forfeited to US Government in North Korean Laundering CrackdownThe U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision […]

Crypto Exchange Kraken Mulls Pulling Support for Top Stablecoin USDT in the EU: Report