Latest Crypto Industry News and Insights
Putin and Xi Bolster Russia-China Alliance in Moscow Amid Sanctions and Trade Shifts
Putin and Xi Strengthen Russia-China Ties in Moscow Amid Global Tensions and Economic Sanctions Russian President Vladimir Putin and Chinese President Xi Jinping have begun crucial bilateral meetings in Moscow, aiming to fortify their strategic partnership amidst cooling trade tensions with the West. This summit, coinciding with Russia’s 80th anniversary of the end of World […]
Read MoreSouth Korea’s Presidential Hopefuls Vow Crypto Reforms: Lower Fees, ETFs, State Investments
South Korean Presidential Frontrunner Pledges to Cut Crypto Transaction Fees Lee Jae-myung, the frontrunner in South Korea’s upcoming presidential election on June 3, aims to transform the nation’s cryptocurrency landscape with promises to reduce crypto transaction fees and legalize Bitcoin spot ETFs. These pledges are part of a broader strategy to appeal to younger voters, […]
Read MoreNew Hampshire Pioneers Bitcoin Investment: First US State to Allocate 5% of State Portfolio
New Hampshire Leads the Way: First US State to Invest in Bitcoin New Hampshire has taken a pioneering step in the realm of public finance by becoming the first US state to allow its state treasury to invest in Bitcoin. This move, which could set a precedent for other states, reflects a growing interest in […]
Read MoreSilk Road Bitcoin Wallets Move 3,421 BTC After 10 Years: Ulbricht’s Legacy and Market Impact
Silk Road’s Dormant Bitcoin Wallets Awaken: 3,421 BTC Moved After Over a Decade On May 5, two Bitcoin wallets linked to the Silk Road, a notorious darknet marketplace, moved 3,421 BTC valued at approximately $322.5 million after being dormant for over a decade. This significant event not only reignites interest in the Silk Road’s legacy […]
Read MoreZerebro Co-Founder’s Alleged Suicide Sparks Controversy and Token Dump
Degens Debate Zerebro Co-Founder’s Death Amid Token Dump and Trader Losses The crypto community is reeling from the controversy surrounding the alleged suicide of Jeffy Yu, co-founder of the Solana-based memecoin project Zerebro. Doubts about Yu’s death have surfaced due to the lack of official confirmation and on-chain activities showing wallets linked to him selling […]
Read MoreTrump’s Crypto Ventures Spark Fierce US Regulation Debate
Trump Ties Ignite New Crypto Regulation Showdown The U.S. Congress is grappling with heightened tensions over cryptocurrency regulation, fueled by former President Donald Trump’s involvement in the crypto industry. House Democrats and Republicans are sharply divided in their approaches, with rival roundtables highlighting their contrasting views on how to regulate digital assets. House Democrats and […]
Read MoreBitcoin Core Removes OP_RETURN Limit: Network Efficiency or Protocol Risk?
Bitcoin Core to Remove OP_RETURN Limit: A Step Forward or a Misstep? Bitcoin Core developers have announced a significant change in the upcoming software release: the removal of the 80-byte limit on OP_RETURN transaction outputs. This decision, made public by Bitcoin developer Gregory Sanders on May 5, has sparked a heated debate within the crypto […]
Read MoreEthereum’s Pectra Upgrade Set for May 2025: What You Need to Know
All Eyes on Ethereum: Pectra Upgrade Fuels Community Optimism The Ethereum community is gearing up for the Pectra Upgrade on May 7, 2025, a transformative update that merges enhancements from the Prague and Electra projects. This upgrade introduces eight Ethereum Improvement Proposals (EIPs) aimed at boosting scalability, staking efficiency, and user experience. While industry leaders […]
Read MoreBitwise CIO Warns of Crypto Market Turmoil if Stablecoin Act Fails
Bitwise CIO Warns: Failed Crypto Bill Could Trigger Rough Summer for Markets Matt Hougan, Chief Investment Officer at Bitwise, has raised alarms about the potential failure of the Stablecoin Act in the U.S. Congress, warning that it could lead to a turbulent period for the cryptocurrency markets this summer. Stablecoin Act’s failure could lead to […]
Read MoreTether Boosts $8B USDT Supply Amid Crypto Volatility, Eyes Market Dominance
Tether Mints $8 Billion USDT, Strengthening Market Liquidity and Dominance Tether, the powerhouse behind the USDT stablecoin, has minted an additional $8 billion worth of USDT, pushing the total supply to a new high of $149.4 billion. This strategic move comes amidst heightened volatility in the cryptocurrency market, bolstering Tether’s dominance in the stablecoin sector. […]
Read MoreDemocrats Walk Out of Crypto Hearing Over Trump’s Digital Currency Ties
Democrats Walk Out of U.S. Crypto Regulation Hearing Over Trump’s Cryptocurrency Ties During a U.S. House hearing focused on shaping the future of cryptocurrency regulations, Democrats, led by Representative Maxine Waters, staged a dramatic walkout to protest President Donald Trump’s involvement in digital currencies, particularly his ties to the TRUMP coin and the proposed “U.S. […]
Read More86% of Russian Pyramid Schemes Now Target Crypto, CBR Reports Surge in Scams
86% of Russian Pyramid Schemes Target Victims’ Cryptocurrency The Central Bank of Russia (CBR) reports a staggering 86% of financial pyramid schemes now targeting victims’ cryptocurrency, marking a significant rise from last year and highlighting the growing threat to crypto investors in Russia. 86% of Russian pyramid schemes target crypto CBR reported 56% rise in […]
Read MoreHyperSwap Phishing Scam: Google Ads Used to Drain Crypto Wallets
HyperSwap Phishing Scam Exposed: A Cautionary Tale of Wallet Drainers Scam Sniffer has issued a critical alert about a phishing scam targeting users searching for HyperSwap on Google, using sponsored ads to lead them to malicious sites that drain their cryptocurrency wallets. HyperSwap scam uses Google Ads to deceive users Wallet drainers exploit trust in […]
Read MoreBitcoin Maximalists: Never Sell Yet Obsessed with Price – The Paradox Explored
Bitcoin Maximalists: Never Sell, Yet Obsessed with Price? Bitcoin maximalists advocate fiercely for never selling their Bitcoin, yet they’re often seen closely monitoring its price. This paradox delves into the heart of Bitcoin culture, from the grassroots ethos of “HODL” to the strategic maneuvers of whales and corporate giants like Michael Saylor. Bitcoin maximalists and […]
Read MoreCoinbase CEO Warns of $240B Stablecoin Exodus, Urges U.S. Law Before August
Coinbase CEO Urges Swift Stablecoin Laws Amid $240B Exodus Threat Brian Armstrong, the CEO of Coinbase, has issued a stark warning to U.S. Congress: pass stablecoin legislation before the August recess, or risk losing $240 billion in institutional capital to countries with more favorable crypto regulations. The stablecoin market, valued at $240 billion and dominated […]
Read MoreVitalik Buterin’s SimpleL1: Revolutionizing Ethereum’s Architecture for Better Scalability
Vitalik Buterin’s SimpleL1 Proposal: A Bold Leap for Ethereum’s Future Ethereum co-founder Vitalik Buterin has introduced SimpleL1, a transformative proposal for Ethereum’s architecture that aims to boost the blockchain’s scalability, security, and decentralization. SimpleL1 separates Ethereum’s consensus and execution layers. Execution logic is offloaded to Rollups. Goal to reduce core code from 150,000 to under […]
Read MoreWorldcoin Hit with Regulatory Bans in Kenya and Indonesia Over Privacy Concerns
Worldcoin Faces Regulatory Hurdles as Kenya and Indonesia Take Action Worldcoin, a cryptocurrency project aiming to create a digital identity system, faces significant regulatory challenges in Kenya and Indonesia due to data privacy concerns. Kenyan court rules Worldcoin’s data collection illegal Indonesia suspends Worldcoin operations Worldcoin token value drops over 5% In a bold move […]
Read MoreIndonesia Halts Worldcoin’s Biometric ID Over Unlicensed Operations
Indonesia Halts Worldcoin’s Biometric ID Service Amid Legal Firestorm Indonesia has thrown a wrench into Worldcoin’s plans by suspending its token services and World ID biometric network due to unlicensed operations, highlighting the ongoing global scrutiny of biometric data platforms. Indonesia suspends Worldcoin over unlicensed operations Local partners under investigation for registration misuse Worldcoin faces […]
Read MoreANRF Ignites India’s Tech Revolution: Deeptech, AI, and Collaborative Innovation
India’s ANRF Launches Ambitious Deeptech Programs for Startups and MSMEs India’s Anusandhan National Research Foundation (ANRF) is spearheading a technological revolution with the launch of several initiatives designed to elevate the country’s status as a global leader in innovation and research. Key among these are the “Small Business Deep Tech Innovation” program for startups and […]
Read MoreKuCoin Refutes 77% Bitcoin Reserve Drop, Reveals 106% Ratio in Latest Report
KuCoin Denies Claims of 77% Bitcoin Reserve Drop, Calls Figures Misleading KuCoin has refuted claims of a drastic 77% drop in its Bitcoin reserves, labeling the circulating figures inaccurate and misleading. The exchange released its latest Proof of Reserves report, showing a 106% Bitcoin reserve ratio, and emphasized its commitment to transparency and user security. […]
Read MoreCoinbase Halts Ethereum Transactions for Pectra Upgrade on May 7, 2025
Coinbase to Pause Ethereum Transactions During Pectra Upgrade Coinbase will temporarily halt Ethereum (ETH) deposits and withdrawals during the blockchain’s upcoming Pectra upgrade on May 7, 2025, from 2:50 AM to 3:45 AM PT, to ensure the safety of user funds. Coinbase pauses ETH transactions during Pectra upgrade. Pectra combines Prague and Electra updates. Enhances […]
Read MoreCasper 2.0 Goes Live: Revolutionizing Blockchain with Real-World Asset Focus
Casper 2.0 Launches on Mainnet, Enhancing Blockchain with Real-World Asset Integration Wondering how your house or art collection could become as easily tradable as a digital token? Casper 2.0 makes that future a reality, launched on the mainnet on May 6, 2025. This upgrade aims to revolutionize decentralized applications by focusing on real-world assets (RWAs). […]
Read MoreU.S. Treasury Sanctions Karen National Army and Huione Group Over $4B Crypto Scam
U.S. Treasury Targets Burmese Militia and Cambodian Group in Crypto Scam Crackdown The U.S. Department of the Treasury has launched a significant offensive against cryptocurrency fraud, imposing sanctions on the Karen National Army (KNA), a Burmese militia group, and flagging the Huione Group in Cambodia for laundering over $4 billion in illicit funds. These actions […]
Read MoreFTX Sells $200K Cursor Stake for $200K, Now Worth $500M: A Missed Fortune
FTX’s Missed Opportunity: The $200K Cursor Stake Now Valued at $500 Million In a stark reminder of the volatile nature of crypto investments, FTX’s liquidators sold a $200,000 stake in Cursor—an AI code editor—for the exact amount it was originally purchased. Today, that stake is valued at an estimated $500 million, highlighting a significant missed […]
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