Cointelegraph.com
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Cointelegraph.com - 21:33 Aug 14, 2025
Citi is exploring cryptocurrency custody and payment services, with an initial focus on stablecoin-backed assets. Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation. Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.” Chatterjee works within Citigroup’s services division, which manages treasury, payments, cash management and other enterprise solutions for large corporations. Read more -
Cointelegraph.com - 21:05 Aug 14, 2025
The bureau warned that anyone offering recommendations on a “crypto recovery law firm” or claiming to be a lawyer could be targeting the victims of crypto scams. The US Federal Bureau of Investigation (FBI) has issued a public service announcement for victims of crypto scams looking for legal advice to recover their funds. In a Wednesday notice, the FBI said that fictitious law firms were targeting individuals who had previously been scammed out of some or all of their crypto holdings, putting them at additional risk. According to the bureau, the scammers’ actions left victims at risk of compromising their personal data and other funds. The announcement, based on an update for similar warnings from the FBI in August 2023 and June 2024, cautioned people against accepting assistance from anyone recommending a “crypto recovery law firm” or any law firm “requesting payment in cryptocurrency or prepaid gift cards.” Read more -
Cointelegraph.com - 20:45 Aug 14, 2025
The company has experienced rapid growth in less than two years, reaching an annual recurring revenue of $80 million and a valuation of $18 billion. Perplexity AI, developer of an AI-powered search engine, is reportedly preparing for another funding round at a $20 billion valuation. The capital could fund the company’s recent $34.5 billion bid to acquire the Google Chrome browser. The target valuation is $2 billion higher than Perplexity’s previous $18 billion mark from its July 2025 fundraise, according to Business Insider. The company’s worth has surged 3,746% since January 2024, when it was valued at $520 million. On Tuesday, Perplexity made an unsolicited $34.5 billion offer to purchase the Google Chrome browser, a product that has been the subject of an ongoing Google antitrust case. In a ruling expected to the coming days, a US district court judge could force Google to sell the browser to reduce the company’s dominance in web searching. Read more -
Cointelegraph.com - 20:35 Aug 14, 2025
Traders send mixed signals after Bitcoin falls to $117,000 a day after hitting new all-time highs. Key takeaways: BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop. The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000. Read more -
Cointelegraph.com - 19:45 Aug 14, 2025
The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019. “Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion,” said John Hurley, under secretary of the Treasury for terrorism and financial intelligence. Read more -
Cointelegraph.com - 19:20 Aug 14, 2025
The crypto exchange has been steadily acquiring companies to diversify the range of services it offers to clients. Update, Aug 14, 22:34 UTC: This article has been updated to show that Coinbase has completed six acquisition deals in 2025. Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses. Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday. Read more -
Cointelegraph.com - 18:30 Aug 14, 2025
Bitpanda enters the UK with 600+ crypto assets, an Arsenal FC partnership and B2B white-label services, but faces stiff competition in a market stalled by slow regulation. Austria-based crypto platform Bitpanda has entered the United Kingdom, aiming to make the country one of its top three markets within the next two years. The expansion includes its retail investment app along with its corporate arm, Bitpanda Technology Solutions, which allows banks and fintech companies to offer crypto trading through white-label services. The company says its app provides access to more than 600 crypto assets for British investors. Bitpanda Co-CEO Lukas Enzersdorfer-Konrad told Cointelegraph the company plans to “rapidly grow our direct retail presence” while working with UK financial institutions to launch crypto offerings using its infrastructure. In pursuing that goal, Bitpanda will face established rivals including Binance UK, Coinbase, Kraken, Crypto.com and Gemini, which already hold strong market share among UK reta... -
Cointelegraph.com - 18:12 Aug 14, 2025
Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders. Key takeaways: Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns. Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%. Read more -
Cointelegraph.com - 17:38 Aug 14, 2025
The Bitcoin miner’s pivot into AI infrastructure hosting includes a decade-long colocation agreement with Fluidstack, backed by Alphabet’s Google. TeraWulf has become the latest cryptocurrency miner to pivot into AI infrastructure hosting, reaching a long-term agreement with Fluidstack that’s backstopped by Alphabet’s Google — in a move expected to significantly increase the company’s revenue run rate. During its shareholder call on Thursday, the company disclosed that it has signed 10-year colocation lease agreements with Fluidstack, an AI infrastructure provider, worth $3.7 billion in contract revenue. That figure could more than double if five-year extensions are exercised. Google’s involvement comes through supporting Fluidstack’s $1.8 billion lease obligations with TeraWulf and providing debt financing. In return, Google received warrants for roughly 41 million WULF shares, representing about 8% of the company. Read more -
Cointelegraph.com - 17:22 Aug 14, 2025
Major Wall Street players are adding talent to support their growing cryptocurrency operations. Charles Schwab, Fidelity and other traditional companies based in the United States are hiring for senior crypto positions to seemingly make a push into the industry. The open positions come as regulatory clarity has increased, paving the way for TradFi to enter the space. The open positions indicate a solid push into the crypto space. Schwab, for instance, is hiring for a senior product manager in crypto trading and a senior product manager in crypto onchain experiences. As Cointelegraph has reported, the $10 trillion asset manager plans to launch Bitcoin (BTC) and Ether (ETH) spot trading, with BTC trading services available by April 2026. Fidelity, which has $6.4 trillion in assets, is hiring for a crypto technology risk analyst. Technology company Booz Allen Hamilton is seeking a cryptocurrency subject matter expert, and Standard and Poor’s Global is hiring a senior analyst for global research and development i... -
Cointelegraph.com - 16:33 Aug 14, 2025
Block’s Proto Rig and Proto Fleet aim to reduce upgrade costs and extend rig lifespans, giving miners a potential edge in a capital-intensive, increasingly AI-integrated industry. Bitcoin-focused fintech company Block Inc. has introduced a new cryptocurrency mining system designed to extend the lifespan of mining rigs and lower operational costs — a potential boost for miners facing steep capital expenditures to maintain facilities. At the center of the launch is Proto Rig, a modular system that replaces the traditional three-to-five-year mining rig life cycle with hardware built to last a decade or more, Block announced Thursday. Instead of discarding entire units, miners can swap out individual hashboards as technology improves, potentially cutting upgrade costs by up to 20% per cycle. Read more -
Cointelegraph.com - 15:52 Aug 14, 2025
ETH traders and bets on Polymarket predict that Ether price will hit $5,000 before the end of August. Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Read more -
Cointelegraph.com - 14:38 Aug 14, 2025
Military Bank, a Vietnamese state-controlled lender, has partnered with the parent company of South Korea’s Upbit exchange, Dunamu, to develop a cryptocurrency exchange. Vietnamese state-controlled bank Military Bank (MB) plans to launch a regulated crypto exchange in partnership with Dunamu, the parent company of South Korean crypto exchange Upbit. According to a Wednesday announcement from Dunamu, the company has signed a memorandum of understanding with Military Bank. In a Facebook post, Military Bank said Dunamu will support it building a cryptocurrency exchange in Vietnam with its technology. “MB and Upbit will be trusted partners, working together to promote Vietnam’s digital financial market,” Military Bank Chairman Luu Trung Thai said. Read more -
Cointelegraph.com - 14:00 Aug 14, 2025
Vitalik Buterin endorses AI doomer book, ChatGPT dietary advice sends man insane, and the funniest thing every written by an AI. AI Eye. OpenAIs Sam Altman has been talking GPT-5 up as a quantum leap in intelligence for so long, that it was almost inevitable its release would be something of a disappointment. While its not quite New Coke level bad, its not the reception theyd hoped for. Social media was immediately flooded with GPT-5 (apparently) giving very stupid answers, including obvious logic flaws, stating that 9.11 is greater than 9.9 and following patterns to the incorrect conclusions. OpenAIs odds on Polymarket for having the best model by end of August plunged from 75% to just 8% in the aftermath, though its climbed back to 24% since. Read more -
Cointelegraph.com - 14:00 Aug 14, 2025
Vitalik Buterin endorses AI doomer book, ChatGPT dietary advice sends man insane, and the funniest thing every written by an AI. AI Eye. OpenAIs Sam Altman has been talking GPT-5 up as a quantum leap in intelligence for so long, that it was almost inevitable its release would be something of a disappointment. While its not quite New Coke level bad, its not the reception theyd hoped for. Social media was immediately flooded with GPT-5 (apparently) giving very stupid answers, including obvious logic flaws, stating that 9.11 is greater than 9.9 and following patterns to the incorrect conclusions. OpenAIs odds on Polymarket for having the best model by end of August plunged from 75% to just 8% in the aftermath, though its climbed back to 24% since. Read more -
Cointelegraph.com - 14:00 Aug 14, 2025
The cryptographic math once dismissed as fringe is now shaping US policy and bank infrastructure. StarkWare’s Eli Ben-Sasson said it’s only the beginning. A technology once confined to academic papers is now being called out in US government reports and powering the settlement systems of global banks. Zero-knowledge proofs (ZK-proofs) are cryptographic methods to verify data without revealing it, and they are quietly becoming the gold standard for blockchain security. On the latest Clear Crypto Podcast, StarkWare co-founder Eli Ben-Sasson sits down with hosts Nathan Jeffay and Gareth Jenkinson to explain why this once-niche math is “100%… the endgame for scaling the financial world.” That confidence comes as zero-knowledge proofs move from cryptographic curiosity to a linchpin of mainstream blockchain adoption. Read more -
Cointelegraph.com - 13:46 Aug 14, 2025
Lost your seed phrase or crypto wallet password in 2025? You’re not alone. Recovery might still be possible. If you’ve lost access to a non-custodial wallet but still have the seed phrase, funds can be restored by importing the wallet and setting a new password. Custodial wallets can often be recovered through standard email-based password resets and identity verification processes. Losing both the password and seed phrase for a non-custodial wallet usually means permanent loss of access to the crypto wallet. Read more -
Cointelegraph.com - 13:45 Aug 14, 2025
Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC purchases to fund a Bitcoin reserve. Bitcoin dropped below a key support level Thursday after US Treasury Secretary Scott Bessent said the government had no plans to make additional purchases of Bitcoin for its strategic reserve and separate digital asset stockpile. Bitcoin (BTC) fell below the $120,000 psychological support level and traded at $118,730 at the time of writing, hours after hitting an all-time high of $124,457 earlier on Thursday, Cointelegraph data showed. The decline followed Bessent’s comments in an interview with Fox Business, where he confirmed the government would not buy more Bitcoin. Read more -
Cointelegraph.com - 13:30 Aug 14, 2025
Most AI startups are just prompt arbitrage built on rented compute. By 2027, platform landlords will crush 70% of them. Only decentralized AI will survive. Opinion by: Ahmad Shadid, founder of O.xyz and co-founder of IO.ne Not a single week passes by without a new artificial intelligence startup coming out of stealth. With a slick interface, clever prompts and an OpenAI key powering the back-end, these ventures often boast seed valuations that make even a veteran chip designer blush. Read more -
Cointelegraph.com - 13:10 Aug 14, 2025
BtcTurk halted deposits and withdrawals, citing a “technical issue” with hot wallets, while trading and local currency withdrawals and deposits remained active. Turkish cryptocurrency exchange BtcTurk has halted withdrawals amid reports suggesting that the platform has suffered a major loss of funds due to a hack. Cybersecurity firm Cyvers took to X on Thursday to report that it had detected $48 million worth of digital assets, including Ether (ETH), involved in unusual activity. “Our system detected multiple alerts across ETH, AVAX, ARB, BASE, OP, MANTLE and MATIC networks,” Cyvers reported, adding that the attacker had moved the assets to two addresses and begun swapping them. Read more
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