Cryptocoins News / The Cointelegraph - 2 weeks ago
HYPE’s rally is flashing exhaustion near its record-high resistance, raising the risk of a 20% pullback toward the $51.5–$45 support zone.A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the tr...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Kraken’s parent company, Payward, received preliminary approval from Dubai's VARA, paving the way for UAE dirham funding, margin and OTC trading and institutional access via Kraken Prime. Cryptocurrency exchange Kraken moved closer to a launch in the...
Cryptocoins News / The Cointelegraph - 2 weeks ago
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six Ethereum addresses ti...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Bitcoin demand and ETF flows weaken as BTC struggles below $80,000, raising risks of prolonged consolidation or a drop toward $65,000.Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance abov...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse.A newly unsealed court filing in the Terraform Labs bankruptcy case all...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Boerse Stuttgart’s Seturion has partnered with Societe Generale, SG-FORGE and flatexDEGIRO to build a pan-European blockchain securities settlement system.Boerse Stuttgart Group’s tokenized securities settlement platform Seturion has partnered with S...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The US Federal Reserve proposed a limited “skinny” payment account framework for fintech and crypto firms and called for a temporary pause on Tier 3 applications.The US Federal Reserve proposed creating limited payment accounts that could give legall...
Cryptocoins News / The Cointelegraph - 2 weeks ago
OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic.HONG KONG, May...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Former Silvergate executive Kate Fraher said the rule that prevented her from sharing her side of the story was unconstitutional. It was finally lifted by the SEC this week.The former chief risk officer of Silvergate revealed she made the decision to...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Italian authorities uncovered a tax evasion scheme in which an individual allegedly used Bitcoin Ordinals and the BRC-20 token standard to generate and conceal $1.1 million. Tax dodgers have started turning to Bitcoin Ordinals, BRC-20 tokens and oth...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The Ethereum rollup market is dominated by Arbitrum and Base, which have a combined 68% market share, according to L2Beat. Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum ro...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Bitwise, Roundhill Investments and GraniteShares had their prediction market ETF applications put on hold by the SEC earlier this month.The US securities regulator is delaying the launch of a recent wave of “novel ETFs,” including those that allow in...
Cryptocoins News / The Cointelegraph - 2 weeks ago
ETF analyst Eric Balchunas says crypto and traditional assets are trading down while Hyperliquid is up, leading to a boon for ETFs tied to the token.US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rar...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The attacker tricked the Butter Network cross-chain bridge into minting millions more tokens than the legitimate supply of MAPO. MAPO, the native token of the Map Protocol, fell 96% on Wednesday after an exploit of the Butter Network cross-chain bri...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25. Bitcoin treasury company Nakamoto is moving ahead with a shareholder-approved 1-for-40 reverse stock split on Friday in...
Cryptocoins News / The Cointelegraph - 2 weeks ago
SpaceX is expected to go public next month, which would make its 18,712 Bitcoin holdings rank seventh among public companies.Elon Musk’s aerospace company SpaceX reported holding 18,712 Bitcoin worth $1.45 billion in a recent filing, over 10,000 coin...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Profit-taking by Bitcoin traders pushed the Coinbase BTC premium to a six-week low, but demand from longer-term traders put a clear support under the range lows.Bitcoin (BTC) demand on Coinbase points to early signs of market stabilization as BTC rec...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The lawsuit followed an investigation by Missouri authorities into several crypto ATM companies that involve allegations of “deceptive fee structures” and scams.Update (May 21 at 4:15 pm UTC): This article has been updated to include a statement from...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The launch marks Coinbase’s latest push into white-label stablecoin infrastructure for businesses building branded digital payment and settlement systems.Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle's USD Coin,...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Bitcoin finds footing above $77,000 despite investors’ worry over BigTech earnings results and $2 billion outflows from the BTC ETFs. Key takeaways:Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent cru...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Hester Peirce will become an associate professor at a Virginia law school some 18 months after her term at the SEC expired, leaving another empty seat in the agency’s leadership.Hester Peirce, a two-term commissioner at the US Securities and Exchange...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Bitcoin looks on track for a rally toward $80,000 while HYPE, ZEC and a handful of altcoins are pushing toward their range highs. Key points:Bitcoin (BTC) has risen above $77,500, but the recovery is expected to face resistance in the $78,500-$82,000...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Five Republicans and one Democrat won or went to runoffs following primaries in Georgia, Alabama and Kentucky after a crypto-backed PAC and its affiliates spent a combined $20 million on media and ads.Political action committees (PACs) aligned with a...
Cryptocoins News / The Cointelegraph - 2 weeks ago
Five Republicans and one Democrat won or went to runoffs following primaries in Georgia, Alabama and Kentucky after a crypto-backed PAC and its affiliates spent a combined $20 million on media and ads.Political action committees (PACs) aligned with a...
Cryptocoins News / The Cointelegraph - 2 weeks ago
The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets. Tether has acquired SoftBank Group’s stake in Twenty One Capital, a Bitcoin treasury company...
