Every week we compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. Here's what you need to know for this week.

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 We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 
 
Here is everything you need to know from May 22nd to May 26th

<h2 class="customH2">
📈  Weekly BTC and ETH Overview
</h2>

Bitcoin’s (BTC) recent behavior resembles its price action at the beginning of the 2019 bull market. However, the consolidation within the last 7 days and rejection at the $30K resistance could head for the expected bearish target price of $25K. The Relative Strength Index (RSI) is also showing an upward trend is approaching the 50% threshold, meaning a more bullish breaking could be the more likely scenario to keep an eye out for in the coming weeks. Ethereum (ETH), on the other hand, has remained stagnant, leaving little room for interpretation and a full bearish sentiment.  

When writing, BTC is trading at $26.5K, up 1.25% in the last 24 hours. Similarly, ETH is trading at $1.82K, up 1.8% in the previous 24 hours. 

<h3 class="customH3" style="line-height:1.8;margin-bottom:11px;">🗞️ Top Market News</h3>

<ul>
	<li style="list-style-type:disc;">
	Digital Currency Group missed a $630M payment to Genesis. Digital Currency Group is part of the recently bankrupted Genesis Global Captial group. After having missed their payment, Gemini is working with other creditors to provide forbearance to DCG to avoid the firm’s default. In total, Genesis owes Gemini $900M.  Read more <a href="http://theblock.co/post/231656/dcg-misses-630-million-payment-due-earlier-this-month-says-gemini" style="text-decoration:none;">here</a>.
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	<li style="list-style-type:disc;">
	EU finance ministers approve MiCA crypto regulation. The ministers voted unanimously to adopt the bloc’s Markets in Crypto-Assets regulation. Two pieces of legislation around regulation on information accompanying transfers for funds and certain crypto assets were also adopted by the European Parliament. Read more <a href="https://cointelegraph.com/news/eu-council-approves-mica-regulations" style="text-decoration:none;">here</a>
	</li>
</ul>

<h3 class="customH3" style="line-height:1.8;margin-bottom:11px;">
🚀 New Project Developments
</h3>

<ul>
	<li style="list-style-type:disc;">
	Bware Labs $INFRA token will have its primary listing on May 30th. The decentralized API infrastructure will have its primary listing next week. KuCoin, MEXC, Gate, and Bitmart will enable trading around 10:00 AM UTC. Read more <a href="https://bwarelabs.com/infra-token" style="text-decoration:none;">here</a>.
	</li>
	<li style="list-style-type:disc;">
	STEPN ($GMT) integrates Apple Pay for in-game purchases. The move-to-earn game integrating payment service Apple Pay as a fiat onramp for in-app purchases will allow users to purchase NFT sneakers more easily.  Read more <a href="http://coindesk.com/web3/2023/05/22/web3-move-to-earn-app-stepn-integrates-apple-pay-for-in-game-purchases" style="text-decoration:none;">here</a>.
	</li>
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	WorldCoin raised $115M in Series C Round. The round was led by Blockchain Capital and included other institutional investors such as a16z, BainCapital, and Distributed Global. The capital will accelerate research and development and growth efforts.  Read more <a href="http://coindesk.com/business/2023/05/25/sam-altmans-crypto-project-worldcoin-raises-115m-led-by-blockchain-capital" style="text-decoration:none;">here</a>.
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	<li style="list-style-type:disc;">
	Crypto browser Opera integrates layer 1 blockchain MultiversX. Users can interact with the MultiversX network through its native tokens, NFTs, and dApps, all within the Opera browser. Read more <a href="https://www.coindesk.com/web3/2023/05/19/crypto-browser-opera-integrates-layer-1-blockchain-multiversx/" style="text-decoration:none;">here</a>.
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</ul>

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🔍 More Featured Stories…
</h4>

<ul>
	<li style="list-style-type:disc;">
	OpenAI raises $175M for a start-up investment fund. The company will seek to back companies that are pushing the boundaries of AI and can positively impact the world and change people’s lives for the better. Read more <a href="https://www.bloomberg.com/news/articles/2023-05-25/openai-raises-175-million-for-startup-investment-fund" style="text-decoration:none;">here</a>.
	</li>
</ul>
</div>

Weekly Market Review - May 26th

Weekly Market Review - May 19th

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 Data has emerged as <a href="https://www.economist.com/leaders/2017/05/06/the-worlds-most-valuable-resource-is-no-longer-oil-but-data" style="text-decoration:none;">the world's most valuable commodity in today's digital era, surpassing even oil, according to The Economist</a>. As we approach the advent of web3, our reliance on data has grown exponentially, shaping how we interact with technology and the digital world. Data has emerged as a critical factor in the crypto space. With the rise of digital assets and their impact on various industries, data-driven insights have become invaluable. 

In this article, we delve into the significance of data in the crypto space – with an in-depth focus on <a href="https://www.itheum.io/" style="text-decoration:none;">Itheum</a>, an innovative company spearheading the use of data in the Web3 domain.

<h2 class="customH2">The Underlying Issue</h2>

Collecting and utilizing personal data have given rise to significant concerns and controversies. Much of the data collected is stored in centralized servers without users' explicit consent, making it vulnerable to data breaches. This creates a challenging situation, as our modern world relies heavily on data while users rightfully raise concerns about its usage. Navigating this dilemma can be complex. However, the emergence of various projects like Itheum and the decentralization of web3 technology offers a promising solution.

<h3 class="customH3">Itheum - “Your Data Belongs to You”</h3>

Itheum addresses the growing demand for data privacy and ownership, providing users a secure and decentralized platform to manage their personal information. By leveraging blockchain technology, Itheum ensures that data is stored in a transparent and immutable manner, reducing the risk of unauthorized access and data breaches.

With Itheum, users regain sovereignty over their data, determining how it is shared, utilized, and monetized. This empowers individuals to participate actively in the data economy, as they can choose to share their data with trusted entities in exchange for rewards or incentives. By placing the control back in the hands of users, Itheum aims to establish a new paradigm where data becomes a tool for individuals to benefit from its usage rather than being exploited by centralized entities.

For example, Itheum’s Claims Portal is an integral part of distributing data and token rewards, community testing rewards, and data trading fees. Without it, direct exchange between Data Consumers and Creators would halt the ecosystem's potential growth. The Claims Portal handles two types of transactions:

<ol>
	<li style="list-style-type:decimal;">
Data Trading Distribution: Data Creators and the Data Coalition DAO exchange data using $ITHEUM tokens. The tokens are distributed to all participants (Board members, DAO-aligned Data Creators, and Members) through a multicast process. Data is collected on DAO smart contracts, deposited into the DC Fund Pool, and distributed via the Claims Portal to all recipients 
	 </li>
	<li style="list-style-type:decimal;">
Community Guardians and Data-Market Makers Distribution: Out of the 4% fee collected from data trades coordinated by Data DEX smart contracts, 2% is indirectly multicast distributed through the Claims Portal. 1% goes to the community of guardians of the Itheum Protocol, and the other 1% is allocated for ecosystem growth through the Data Partners Program.
</li>
</ol>

<h3 class="customH3" style="line-height:1.38;">Itheum Utilizes The Power of Data in Crypto</h3>

Crypto operates on the principles of decentralization and transparency, resulting in vast amounts of data being recorded and analyzed. Unfortunately, some organizations take advantage of their data and sell it to third-party brokers. These shadowy entities thrive in the personal data trade, generating millions of dollars in profit by packaging and selling your data to other organizations. <a href="https://dev.to/itheum/itheum-data-dex-whitepaper-ooo#intro-1" style="text-decoration:none;">With over 4,000 data brokers worldwide, each gathering around 3,000 data points per individual, the data brokerage industry rakes in a staggering $200 billion annually.</a> 

The situation becomes even more unsettling as our increasingly digitized world gives rise to the hyper-digitized "Metaverse," where data generation will soar exponentially. This new data will be harvested from us, intensifying the need for a solution that empowers individuals and respects their data ownership.

Itheum's focus on privacy protection ensures that users' personal information remains confidential and secure. Through encryption and other advanced security measures, Itheum safeguards sensitive data from unauthorized access, mitigating the risks associated with centralized data storage. Recently, Itheum announced a partnership with <a href="https://bwarelabs.com/" style="text-decoration:none;">Bware Labs</a>, a leading decentralized infrastructure service provider, to integrate resilient and high-speed infrastructure services into the Itheum protocol. This collaboration aims to enhance data ownership and identity in the Web3 and Open Metaverse ecosystems by incorporating Bware Labs' innovative technologies.

As part of the partnership, Itheum will integrate <a href="https://blastapi.io/" style="text-decoration:none;">Blast API</a>, Bware Labs' flagship product, into its multi-chain protocol platform. The integration enables Itheum to provide a seamless lookup and aggregation of on-chain user data, empowering web3 users active on multiple blockchains to take ownership of their data and identity through the Itheum protocol. Users can participate in products like the Web3 Passport, share data and identity with consent, and earn rewards.

This partnership between Itheum and Bware Labs represents a significant step towards enhancing data ownership and identity in the Web3 and Open Metaverse ecosystems.  
 
Final thoughts

While data plays a pivotal role in our modern society, concerns about its misuse and lack of user consent have led to a complex dilemma. Itheum emerges as a promising project that addresses these concerns by providing users with control over their data and the opportunity to benefit from sharing it. Through projects like the Itheum platform, we recognize the importance of empowering individuals in the data economy and fostering a more secure and user-centric digital landscape.
</div>

Significance of Data in the Crypto Space

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 We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 
 
Here is everything you need to know from May 6th to May 12th. 

<h2 class="customH2" style="line-height:1.38;margin-bottom:11px;">
📈  Weekly BTC and ETH Overview
</h2>

Bitcoin (BTC) and Ethereum (ETH) showed bearish behavior this past week, as BTC resists the crucial $30K and shows movement below the $27K mark. Although ETH found bullish momentum at the beginning of the week, the price saw more red towards the end, falling below $1.7K. With the standoff between markets and policymakers still making headlines and Powell’s statement that interest rates are unlikely to come down this year, analysts say BTC could revisit sub $20K levels. 

At the time of writing, BTC is trading at $26.3K, down 4.54% in the last 24 hours. Similarly, ETH is trading at $1.76K, down 3.99% in the previous 24 hours.

<h3 class="customH3" style="line-height:1.38;margin-bottom:11px;">🗞️ Top Market News</h3>

<ul>
	<li style="list-style-type:disc;">
	The estate of bankrupt crypto exchange FTX and its affiliated entities face claims worth nearly $44 billion from the United States Internal Revenue Service (IRS). The most significant claims include a $20.4 billion lawsuit against Alameda Research LLC, with nearly $20 billion in unpaid partnership taxes. Read more <a href="https://www.coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/" style="text-decoration:none;">here.</a> 
	</li>
	<li style="list-style-type:disc;">
FTX bankruptcy judge approves the sale of LedgerX. At the time of the hearing, FTX said the total proceeds of the transaction would total roughly $50 million. Read more <a href="https://cointelegraph.com/news/ftx-bankruptcy-judge-approves-sale-of-ledgerx" style="text-decoration:none;">here</a>. 
</li>
</ul>

<h3 class="customH3" style="line-height:1.38;margin-bottom:11px;">
🚀 New Project Developments
</h3>

<ul>
	<li style="list-style-type:disc;">
	Axie Infinity Origins Season 4 is now live. The mechanic updates shared by the team in April are live and will allow users to complete entire daily and weekly missions, win $AXS rewards, and make the matches more competitive. Read more <a href="https://blog.axieinfinity.com/p/s4origins" style="text-decoration:none;">here.</a> 
	</li>
	<li style="list-style-type:disc;">
zkRollup launches on Aztec Netowork and introduces the 2024 roadmap for the testnet rollout. The vision behind the launch is to create a trustless, scalable, and decentralized Layer 2, enabling private smart contract execution. Read more <a href="https://medium.com/aztec-protocol/aztec-the-hybrid-zkrollup-a90a197bf22e" style="text-decoration:none;">here</a>.  
	 </li>
	<li style="list-style-type:disc;">
Immutable announces decentralized payment solution - Immutable Checkout. The new payment solution will manage the entire game and the marketplace payment process. Immutable has already formed strategic alliances with Polygon, OpenSea, Square Enix, and Unity. Read more <a href="https://cryptotvplus.com/2023/05/immutable-introduces-a-payment-solution-for-games-and-marketplace/" style="text-decoration:none;">here.</a>
</li>
</ul>

<h3 style="line-height:1.38;margin-bottom:11px;">
🔍 More Featured Stories…
</h3>

<ul>
	<li style="list-style-type:disc;">
Alibaba Cloud builds launchpad for businesses to deploy metaverses on Avalanche rapidly. The end-to-end solution aims to allow businesses to seamlessly customize, launch, and maintain their own metaverse space. Read more <a href="https://www.binance.com/en/news/flash/7540011" style="text-decoration:none;">here.</a>
</li>
</ul>
</div>

Weekly Market Review - May 12th

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Ark Challenges Lightning ⚡, Hong Kong Allows BTC Trading 🇭🇰, Dubai to Build ₿itcoin Tower 🇦🇪

But it’s still unclear whether the stolen funds can be recovered.

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 After seizing control of the governance structure behind the sanctioned Tornado Cash protocol over the weekend, an anonymous hacker suspiciously proposed to put everything back the way it was.

On Friday, the hacker’s proposal passed by an overwhelming majority, and it can now be implemented by any member of the DAO over the next two days—control goes back to the community, and most changes will be reverted. But during the week the hacker had control, more than $1 million was plundered from the governance system.

The Tornado Cash protocol, an OFAC-sanctioned mixer that helps obscure crypto transactions, was created by a decentralized autonomous organization that pays for its upkeep and development. After it was exploited through a malicious governance proposal, that hacker created more than 1 million fake votes and took over the governance system. As of Friday, about 470,000 TORN tokens had been sold and swapped for ETH. In total, 572 ETH has been deposited by the hacker into Tornado Cash for laundering, the cofounder of blockchain security and auditing firm CertiK Ronghui Gu told Fortune.

Although the protocol was not immediately damaged by the hack, with the hacker still controlling many of the DAO’s funds, Tornado Cash could fall into disrepair and not further develop, said Gu, who added that this type of hack is becoming increasingly common. DAOs should have third-party audits of their code to help prevent hostile takeovers, Gu continued, but there is a drawback: Auditing every proposal slows down voting, which slows down implementation. It’s also expensive.

“The auditing process for proposals, we believe is necessary,” Gu said. “But we currently, definitely do not have such a thing as a practice in the industry.”

The exploiter’s bid to give back control is rare, but not unheard of. Because the hacker already drained a significant portion of the DAO’s funds, they likely don’t care about the actual governance system. In the past, hackers have been convinced to give back a big portion of stolen funds back if they can still keep a cut, as was the case in March, when a hacker returned more than $1 million to Tender.fi and kept a $97,000 bounty. In another case earlier this year, a team of law enforcement figures and lawyers pressured a Russian hacker to return $200 million to Euler Finance.

It’s unclear whether this hacker will return any stolen tokens.

After a 50% plummet to $3.60 following the hack, TORN has rebounded a bit, trading at $4.17 on Friday afternoon, according to CoinMarketCap. The token still was down almost 3% over the past 24 hours as investors weighed the governance system’s uncertain future.
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Hacker who drained more than $1 million from Tornado Cash offers control back to community

Crypto investing has become increasingly popular in recent years, with many people looking to jump on the bandwagon and start making money with crypto. If you’re new to the world of crypto, it can be…

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 How to Make Money with Crypto in 2023: A Beginner’s Guide 

Crypto investing has become increasingly popular in recent years, with many people looking to jump on the bandwagon and start making money with crypto. If you’re new to the world of crypto, it can be overwhelming to know where to start. In this blog post, we’ll go over some of the basics of crypto investing and give you some tips on how to get started making money with crypto in 2023.

What is Crypto? 
Cryptocurrency, or crypto for short, is a digital asset that uses cryptography for secure financial transactions. Unlike traditional fiat currencies like the US dollar, crypto is not backed by a central authority like a bank or government. Instead, it relies on decentralized networks of computers to verify and record transactions on a public ledger known as a blockchain.
There are many different types of crypto, with the most well-known being Bitcoin. However, there are also other popular cryptocurrencies such as Ethereum, Lite coin, and Ripple. Each one has its own unique features and uses, and the value of a particular crypto can fluctuate based on market demand and supply.
 How Can You Make Money with Crypto? 
There are several ways to make money with crypto, including buying and holding, trading, and mining.
Buying and Holding: One of the simplest ways to make money with crypto is to buy a coin and hold onto it for a long period of time, hoping that its value will increase. This strategy is known as “HODLing” in the crypto community. While there is no guarantee that the value of a particular coin will go up, many investors have made significant profits by holding onto their crypto for the long term.
Trading: Another way to make money with crypto is through trading. This involves buying and selling different coins on cryptocurrency exchanges, much like how you would buy and sell stocks on a traditional stock exchange. To be successful at trading crypto, you’ll need to keep a close eye on market trends and have a solid understanding of technical analysis.
Mining: Another way to make money with crypto is through mining. This involves using specialized computer hardware to solve complex math problems and verify transactions on the blockchain. In return for their efforts, miners are rewarded with small amounts of the crypto they are mining. While mining can be a lucrative way to make money with crypto, it requires a significant investment in specialized hardware and a lot of electricity to run.
 Tips for Making Money with Crypto in 2023 
Do your research: It’s important to thoroughly research the different types of crypto and understand the risks and potential rewards before investing. Look for coins with strong track records and solid technology behind them.
Diversify your portfolio: Don’t put all your eggs in one basket. Diversifying your portfolio by investing in a variety of different coins can help mitigate risk and increase your chances of making a profit.
Be prepared for volatility: The value of crypto can fluctuate significantly, so it’s important to be prepared for ups and downs. Don’t invest more than you can afford to lose, and be prepared to hold onto your coins for the long term.
Keep an eye on market trends: It’s important to stay up-to-date on the latest market trends and news in the crypto world. This will help you make informed investment decisions and potentially capitalize on opportunities as they arise.
In conclusion, making money with crypto in 2023 can be a lucrative opportunity for those who are willing to do their research and take calculated risks. Whether you choose to buy and hold, trade, or mine, it’s important to understand the risks and potential rewards involved in crypto investing. By following the tips outlined in this blog post, you can increase your chances of making a profit with crypto in 2023.
However, it’s important to keep in mind that crypto investing carries inherent risks and is not suitable for everyone. It’s always a good idea to consult with a financial advisor or professional before making any investments, and to only invest what you can afford to lose. With the right approach and a little bit of luck, you can potentially make money with crypto in 2023.
 Relevant Links 
Here are some relevant links that you may find helpful when starting your journey in the world of crypto investing:
These websites provide information on different cryptocurrencies, as well as tools for buying, selling, and trading crypto. They also offer resources for learning about the different aspects of the crypto world, such as blockchain technology and mining.
Additionally, it’s a good idea to follow industry news and stay up-to-date on the latest trends and developments in the world of crypto. Some reputable sources for crypto news include Coindesk, Bitcoin Magazine, and Cointelegraph.
Remember to always do your own research and due diligence before making any investment decisions. Crypto investing carries inherent risks, and it’s important to understand the potential rewards and risks before jumping in.
 About CFXN 
The CFXN network is a platform for cryptocurrency trading that aims to make it easier and more enjoyable for people to enter the crypto trading industry. The company’s Initial Coin Offering (ICO) is focused on providing liquidity to its customers and integrating with major crypto exchanges and liquidity aggregators.
CFXN aims to form a community of traders and investors who can exchange knowledge and interact with each other. To enhance security, the platform will use a private and consensual-based blockchain and smart contracts to handle subscription fees, due dates, and investor payments. In addition, CFXN will offer a demo trading account as a free practice account for users to learn about the platform and test their techniques before investing real money.
Other features of the CFXN platform include the ability to monitor investments in real-time, high returns on investment, speedy transactions, discounts on trading fees, and the opportunity to hold and profit from the CFXN token appreciation.
The platform also has automated investment processes, the ability to set trading, deposit, and withdrawal limits, and aims to improve its trading software with a proven algorithm to stay ahead of the curve in terms of innovation and technology.
Overall, CFXN aims to create a new stress-free ecosystem for traders and investors, offering actual savings and expanded trading options, and removing the unfair trading practices that can cause people to lose money.
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How to Make Money with Crypto in 2023 - A Beginner’s Guide

Bitcoin is a misunderstood technology that is already improving the world. Bitcoin has protected human rights, saved people from high inflation, supported local farmers, reduced emissions from oil drilling, and so much more.

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 This is probably one of the best resource compilation for normies and I think it deserv s more visibility.
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