Blockstream’s Adam Back discusses why people think he’s Satoshi Nakamoto, while the CEO of OKX Europe said MiCA is “extremely beneficial” for the industry at the latest LONGITUDE event in Paris. Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list that started it all. Back was speaking in a fireside chat with Cointelegraph at the recent LONGITUDE event in Paris, co-hosted by crypto exchange OKX, with discussions centered on crypto regulation, market structure and the growth of stablecoins. “It is flattering in some sense that they think you could have done it,” Back told Cointelegraph, reflecting on the widely publicized New York Times article on April 8 that suggested he is Satoshi, a claim he has denied. Read more
Bitcoin and Ether surged as US liquidity measures and record spot ETF inflows offset investors’ recession fears and their concerns over the war in Iran. Key takeaways: US government bailout plans and currency swap lines with the UAE are easing global liquidity fears and lowering credit crisis risks. Record Bitcoin ETF inflows and rising BTC miner profits suggest strong bullish momentum despite the ongoing war in Iran. Read more
Bitcoin moves closer to $80,000 as data shows traders positioning in futures markets. Will potential profit-taking in the $83,000 to $88,000 range put a cap on the rally? Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use. A combined view of the market positioning metric and open interest shows new positions are being added, potentially influencing BTC’s push toward new highs. Bitcoin researcher Axel Adler Jr. said that the Bitcoin positioning index has turned higher, with its 30-day average rising to 4.5 from -10.9 in February. The indicator blends net taker flow direction, open interest trends, funding and the exchange balance into a single metric. Read more
Bitcoin rally above the $78,333 resistance signals sustained buying by the bulls, clearing the path for a potential rally to $84,000. Key points: Bitcoin’s rise above the $78,333 resistance opens the door for a rally to $84,000. Several major altcoins are attempting to rise above their resistance levels, signaling aggressive buying at lower levels. Read more
The ex-FTX CEO said he consulted with his parents and lawyers regarding a recent filing he sent from prison, but claimed to be the ”ultimate author of the documents.” Former FTX CEO Sam Bankman-Fried, serving a 25-year sentence for his role in misusing user funds at the crypto exchange, has dropped a motion in federal court requesting a new trial for his criminal case, but still has a pending appeal of his conviction and sentence. In a Wednesday filing in the US District Court for the Southern District of New York, Bankman-Fried responded to a March 23 letter from Judge Lewis Kaplan ordering the former FTX CEO to answer whether he received any assistance from lawyers for a pro se motion -- a filing on his own behalf without an attorney. Kaplan’s order followed US prosecutors raising doubts whether the convicted company founder filed for an extension of his request for a new trial by himself in March, just a few days after his mother, Barbara Fried, though lacking standing, sent a letter to the court on her so...
The Shariah-compliant stablecoin backed by Gulf currencies expands to a new Layer 2 network aimed at institutional settlement in the Middle East. PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar. It is already available on multiple blockchains, including Ethereum, BNB Chain, Solana and Tron, with ADI Chain marking its latest integration. The stablecoin is positioned to provide access to Islamic finance markets, which represent more than $3 trillion in assets globally, according to the announcement from the ADI Foundation. Read more
The letter to four US government agencies said banks needed 60 more days for comment after OCC stablecoin rulemaking had been finalized. The American Bankers Association (ABA) has asked US government agencies responsible for regulations related to a stablecoin bill for more time to comment, potentially delaying implementation by as much as two months. In a Tuesday letter to the US Treasury Department, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Assets Control, the ABA requested the agencies extend the deadline for public comment on rules for the GENIUS Act, a stablecoin payments bill signed into law in July 2025. The banking group asked for 60 additional days to comment on rulemaking after the issuance of a final rule by the Office of the Comptroller of the Currency (OCC), saying the rules by the other agencies were “substantially dependent” on the outcome of the OCC’s. Read more
American Bitcoin (ABTC) originally purchased the mining rigs in March, weeks after reporting a $59 million loss for Q4 2025. American Bitcoin (ABTC), a publicly traded mining company co-founded by United States President Donald Trump’s sons, has completed its energization of 11,298 application-specific integrated circuits (ASICs) at its Drumheller site in Alberta, Canada. Following the acquisition of machines, the company now owns about 89,242 ASICs, the computers used to mine Bitcoin (BTC) and other proof-of-work (PoW) cryptocurrencies, according to the company’s announcement on Wednesday. ABTC’s mining fleet now generates a total of about 28.1 exahashes per second (EH/s) of computing power, operating at an “average efficiency” of 16 joules per terahash, the company said. Shares of ABTC surged by about 11.7% on Wednesday, rising to about $1.38 per share, according to data from Yahoo Finance. Read more