An under-the-radar altcoin is defying a wobbly crypto market after igniting its own uptrend and printing sizeable gains this week. Akash Network (AKT) is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and artificial intelligence (AI).

https://dailyhodl.com/2023/05/27/under-the-radar-altcoin-escapes-crypto-doldrums-and-surges-by-44-this-week-amid-successful-ai-testing/

The European Systemic Risk Board (ESRB) has published a report providing a succinct outline of the global digital asset industry while outlining policy recommendations to regulate crypto and decentralized finance (DeFi).

https://www.crowdfundinsider.com/2023/05/207780-esrb-report-outlines-policy-recommendations-to-regulate-and-mitigate-systemic-risk-of-crypto-industry/

The AI-themed crypto market has soared following the excitement surrounding Nvidia, the world's most popular chipmaker, after its shares rose to an all-time high in its second quarter. The chipmaker's soaring fortunes have led to more emergence of more corporations between Artificial Intelligence and digital assets.

https://www.cryptopolitan.com/ai-crypto-market-soars-with-nvidia-chip-boom/

The politician had recently quit the party over the crypto scandal.

https://cryptopotato.com/south-koreas-ppp-seeks-to-speed-up-bill-requiring-lawmakers-crypto-holdings-disclosure/

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.

https://www.crowdfundinsider.com/2023/05/207489-securities-commission-malaysia-takes-action-against-huobi-global-for-operating-crypto-exchange-without-registration/

The Internal Revenue Service is ramping up its purported fighting of international cyber crime — a move that has extended to the US tax watchdog's oversight into cryptocurrencies.

https://blockworks.co/news/irs-global-cybercrime-regulation

The many pains of using decentralized finance (DeFi) protocols may be stopping occasional crypto users from experimenting with on-chain services, according to a survey conducted by Uniswap Labs. "The Hash" panel discusses the findings and the potential hurdles ahead on the path to mainstream DeFi adoption.

https://www.youtube.com/watch?v=9YJ3Xi3SyuY

A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K.

https://news.bitcoin.com/uk-lawmakers-call-for-crypto-trading-to-be-regulated-as-gambling/

Bakkt's chief product officer, Dan O'Prey, expressed his optimism about the future of Bitcoin and the company's outlook on regulated markets when he chatted with Cointelegraph at Bitcoin 2023.

https://cointelegraph.com/news/blockchain-technology-platform-bakkt-looks-toward-europe-after-mica

Bitcoin (BTC), ether (ETH), and other cryptocurrencies should be regulated as gambling due to their potential risks, a panel of U.K. lawmakers from parliament's treasury committee said Wednesday. "The Hash" panel discusses the details of the push.

https://www.youtube.com/watch?v=ok3YLY0uIIo

Sarah Levy, CEO of Betterment, joins 'Closing Bell Overtime' to discuss the regional banking crisis, the impact of the crisis on Betterment, and the state of the crypto space.

https://www.youtube.com/watch?v=eUxh60CGCWg

Binance Australia has had to suspend PayID AUD deposits due to a decision by a third-party service provider.

https://decrypt.co/140559/binance-australia-loses-crypto-ramp-payid-immediate-effect

The UK Treasury Committee has proposed to bring the trading of cryptocurrencies under existing gambling regulations, claiming that digital assets including bitcoin and ether offer “no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering”. In an extensive report filed to the House of Commons, the cross-bench committee, which exerts influence on policy, administration and spending, concluded that “cryptocurrencies pose significant risks to consumers, given their price volatility and the risk of losses.

https://www.proactiveinvestors.co.uk/companies/news/1015291/treat-crypto-investing-as-gambling-says-treasury-committee-1015291.html?SNAPI

Ledger's latest firmware update will allow users to split their seed phrase into shards and backup this sensitive information with three custodians including the company itself.Users will have to pay a monthly subscription fee and provide a copy of their passport/national identity card to sign up for this service.The crypto community expressed concerns that this update could jeopardize wallet security by exposing private keys to third parties.Crypto proponents also cited Ledger's previous data breach from 2020. Crypto wallet maker Ledger announced a new recovery service that will allow users to back up their seed phrase with third-party custodians as the company moves to slot in an extra safety net for users.

https://en.ethereumworldnews.com/crypto-users-ledger-seed-phrase-recovery/

A recent Gallup Poll reveals a significant decline in the percentage of Americans favoring real estate as their preferred long-term investment, despite its continued popularity. Conversely, the Gallup survey indicates that the perception of long-term investments in gold has experienced an almost twofold increase compared to the previous year's poll on the same topic.

https://news.bitcoin.com/gallup-poll-americans-preference-for-real-estate-crypto-plunges-fondness-for-gold-skyrockets/