Kraken, a United States crypto exchange, has developed a new way to identify fraudulent wallets by creating a fake crypto account on the exchange to "scam bait" bad actors. Popular streamer Kitboga, who creates content around annoying scammers, revealed that Kraken had built him a "custom environment" to frustrate a scammer impersonating President Joe Biden. In the video clip, Kitboga can be seen with around $450,000 worth of Bitcoin in his Kraken-built fake crypto account. The collaboration between Kraken and Kitboga was made possible by Kraken's chief security officer Nick Percoco.

Bitcoin (BTC) surged to $28,153 on May 10 following the release of the latest consumer price index (CPI) report, which showed that US inflation fell more than expected in April. The drop in inflationary pressures has eased expectations of the Federal Reserve's policy tightening campaign, leading to a rise in BTC's market worth by over $10 billion in just a few minutes.

Bitcoin saw a rise of over 1.5% within the first 35 minutes after the U.S. Bureau of Labor Statistics announced that the annual inflation rate in the U.S. had increased by 4.9% in the 12 months ending in April, surpassing market expectations and marking the lowest inflation growth in two years. Bitcoin's price peaked at US$28,292 shortly after the Consumer Price Index (CPI) report was released, with Ethereum also rising to US$1,885. The U.S. Federal Reserve is scheduled to meet on June 14 to discuss interest rates, with CPI being a crucial indicator that investors look at to gauge inflationary pressures. Depending on the CPI readings, the Fed may adjust the interest rates to control inflation.

Bitcoin experienced a 1.6% increase in value after the release of better-than-expected U.S. Consumer Price Index (CPI) data. This rise in value was accompanied by high trading volume, breaking a four-day slide for the cryptocurrency. Despite wider macroeconomic factors causing uncertainty, Bitcoin has remained steady and even showed signs of being a safe haven during the recent banking crisis. The market is now awaiting the Fed's assessment on June 14, with many hoping for a pause in rate hikes.

Bitcoin (BTC) saw a slight increase in value after US inflation data for April came in at 4.9%, slightly below the expected 5.0%. This suggests that US inflation is continuing to decrease, in line with predictions from the Federal Reserve and external sources. Financial commentators are now expecting a pause in rate hikes next month, which would be good news for risk assets, including crypto.

Bitcoin and Ethereum prices have remained relatively stable in Asia after a promising U.S. Consumer Price Index pushed Bitcoin above $28,000. According to Katie Stockton, Founder and Managing Partner of Fairlead Strategies, the crypto market likes the lower CPI numbers, but she doesn't expect price appreciation yet. Stockton predicts that Bitcoin may pull back to its base breakout point of about $25,200, while Ether might outperform Bitcoin in the short term.

The debate between active and passive investing has been ongoing in traditional investment management for a long time. When it comes to investing in the liquid token market, we believe that active management is crucial. Similar to the stock market, we expect a fat right tail in digital asset returns, with only a few assets driving the majority of wealth creation.

Drivechain is an upgraded version of sidechain technology, and Layer Two Labs is the development company behind it.

The HM Revenue and Customs (HMRC) is proposing new regulations that would allow them to take cryptocurrencies from companies that do not pay their crypto taxes. The UK government is considering suggestions to modernize tax collection in the digital era, which includes giving the tax agency the ability to access online wallets. The HMRC is contemplating expanding its capability to include online payment accounts such as PayPal and cryptocurrency wallets of companies. This move would be seen as the next "crackdown" on a sector that has been accused of facilitating illegal behavior and money laundering.

Tether, the stablecoin issuer, has reported a net profit of $1.5 billion for Q1, more than double the previous period, according to its attestation report. The company's consolidated total assets were at least $81.8 billion as of May 9, with consolidated total liabilities of $79.4 billion, resulting in excess reserves of at least $2.44 billion, an all-time high. Tether has also included additional categories in its reserves reporting for the first time, including bitcoin, physical gold, overnight repo, and corporate bond allocations. The company holds $1.5 billion worth of bitcoin and $3.3 billion worth of precious metals.