Rosbank, the largest bank in Russia, has launched cross-border cryptocurrency payments with the help of fintech company B-crypto. The new solution allows the purchase of cryptocurrencies abroad using the funds of the importer, which are then transferred to the foreign provider. However, concerns have been raised regarding sanctions evasion, as many countries are taking measures to include cryptocurrency transactions in their sanction regimes.

Shiba Inu's performance in May 2023 was lackluster, but on-chain data suggests that the cryptocurrency has been attracting new demand in recent weeks. This is a positive development after Shiba Inu lost market share to other meme coins in early May. The recent launch of Shiba Inu's cold wallet has rejuvenated the network's growth, which could impact the price in the coming days. The increase in new users joining the network and the supply shortage could trigger more price gains, with bulls targeting $0.000011. However, the price could slip into a bearish trend if it drops below the $0.000008 support zone.

Arch Insurance International has authorized Evertas, a cryptocurrency insurer, to increase the coverage limit for a single policy to $420 million for custodians or exchanges, which is the highest in the industry. This move is expected to boost the crypto sector, which has been tainted by the collapse of major market players such as FTX, and should help ease concerns on hacks and thefts that have plagued the industry. Currently, only 2-3% of global crypto assets are believed to be insured. Evertas is a Lloyd's of London "coverholder" and only writes insurance for custodians with private keys.

In the past 24 hours, anonymous wallets have transferred almost nine billion DOGE, according to Whale Alert, a popular cryptocurrency tracking platform. The transfers were made in 10 massive transactions, with six of them carrying a similar amount of 680,000,000 DOGE each.

Dogecoin, the cryptocurrency with a meme-inspired origin, is catching the attention of investors once again as it forms a bullish chart pattern. Many are speculating whether Dogecoin has the potential to increase its value tenfold from its current level. This Dogecoin price prediction has gained significant interest as enthusiasts and traders analyze market dynamics and factors that could propel DOGE to new heights. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a potential continuation of the upward trend for DOGE, but traders and investors should closely monitor the market's volatility. Additionally, yPredict, an AI-powered crypto platform, has raised $1.99 million in presales and offers advanced tools and insights for traders and analysts.

During a Senate hearing on Wednesday, U.S. Senator Elizabeth Warren highlighted the widespread use of cryptocurrency in the Chinese fentanyl trade and called for legislation to disrupt this pipeline. Research from Elliptic showed that over 90 Chinese businesses offering to ship fentanyl precursors took crypto in exchange. The U.S. Treasury Department's assistant secretary for terrorist financing and financial crimes testified that bitcoin payments in cryptocurrency wallets were appealing to precursor manufacturers and illicit drug organizations due to the pseudonymity they offer. Senator Warren proposed the reintroduction of her Digital Asset Anti-Money Laundering Act to help cut off crypto payments to the fentanyl trade.

Manorama Horizon, the education portal of Malayala Manorama, is offering classes on blockchain and cryptocurrency from June 2 to 4. Led by Dr. V Panchami, the classes cover topics such as the basics of blockchain technology, security features, and cyber-attacks.

Robert F. Kennedy Jr., a US presidential candidate, has criticized the Securities and Exchange Commission's (SEC) regulatory approach towards the cryptocurrency industry, stating that he does not want anti-crypto people on the commission.

A civil servant in South Korea has been given a suspended prison sentence and two years of probation for stealing around $159,000 worth of public funds to invest in cryptocurrency. The official, who was in charge of budget expenditure at an administrative welfare center, siphoned off the money over 41 separate transfers and tried to cover their tracks by marking the embezzlement as "expenses." The court heard that the official had already suffered significant losses from investing in cryptocurrency before turning to public funds. Some media outlets have criticized the leniency of the sentence, but the judge cited the fact that the embezzled money was repaid and the accused cooperated with the investigation.

In May, the Maestro crypto trading bot earned over $4.8 million in commissions by using indicators from DefiLlama and following trading signals. The bot charges a 1% commission on successful transactions and requires access to a connected wallet with at least 0.1 ETH. However, BeInCrypto warns against revealing private keys to the bot, as it can result in the developers deducting 100% of the wallet's balance as commission.