Cointelegraph.com
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Cointelegraph.com - 04:44 May 04, 2026
John Palmer, a developer and brand adviser, agreed, said it "feels like a bug" to call them stablecoins and that they should have a self-defined and non-reactionary name. Stablecoins, the name given to cryptocurrencies pegged to the price of a stable asset such as the US dollar or gold, have outgrown their label as they become part of the global financial system, said Robert Hackett, head of special projects at a16z crypto. Hackett said in a report on Friday that the term “stablecoins” was coined in crypto’s early years, when wild volatility defined the space and the tokens were created to maintain stable value and encourage their use for everyday financial activity. “The name was straightforward, if slightly defensive: not a volatile coin, but a stable one. It described the problem it solved perfectly. But the technology has since outgrown the label,” he said. Read more -
Cointelegraph.com - 04:23 May 04, 2026
The US-to-Mexico remittance corridor, while still the largest, shrank 4.5% in 2025 as other Latin American corridors grew. Fintech and stablecoin companies should consider looking outside of the US-to-Mexico corridor to win the $174 billion Latin America remittance market, according to a former Bybit executive. Most firms have focused too narrowly on the $61.8 billion US-Mexico remittance market and are missing faster-growing corridors between the US and Central America, as well as remittances within Latin America, Bybit's former chief marketing officer, Claudia Wang, said in a post on X on Sunday. “The corridors that look ‘hot’ right now are not the corridors most fintechs are optimized for,” she said, citing Venezuela-to-Colombia, Argentina-to-Bolivia and Spain-to-Ecuador as examples. The non-US-to-Mexico remittance market stands at about $112 billion. Read more -
Cointelegraph.com - 21:56 May 03, 2026
Michael Saylor signaled a “pause” on BTC buying ahead of Tuesday’s earnings report, with Wall Street expecting a loss for Q1. Strategy, the world’s biggest public Bitcoin holder, is taking a break from crypto purchases as the company readies its first quarter earnings report, slated for Tuesday. On Sunday, Executive Chairman Michael Saylor announced “No buys this week” in a post on X, where he has regularly provided a signal of planned purchases. In its most recent purchase, the Tysons Corner, Virginia-based company acquired 3,273 Bitcoin for $255 million between April 20 and 26, according to an 8-K filing with the US Securities and Exchange Commission on April 27. Read more -
Cointelegraph.com - 16:26 May 03, 2026
Bitcoin canceled out the week's earlier losses to tease the highest BTC price weekly candle close since the end of January near $79,000. Bitcoin (BTC) eyed $79,000 into Sunday’s weekly close as crypto markets continued to be guided by the US-Iran war. Key points: Read more -
Cointelegraph.com - 13:00 May 03, 2026
A new Politico poll finds most Americans distrust crypto and AI, raising questions about whether candidates backed by industry super PACs could face voter backlash. Crypto and AI industry groups are pumping tens of millions of dollars into the 2026 midterm elections, but a new poll shows most Americans don't trust either industry. 45% of Americans say investing in cryptocurrency is not worth the risk and 44% say AI is developing too fast, according to an April survey by Public First for Politico. The survey also found that narly half trust a traditional bank over a crypto platform, and two-thirds want Congress to impose strict regulations or broad oversight principles on AI. The numbers spell trouble for candidates taking money from industry-aligned super PACs. In hypothetical matchups, poll respondents were far less likely to back candidates supported by groups pushing looser AI regulations than those backed by groups calling for tighter tech rules. Read more -
Cointelegraph.com - 11:12 May 03, 2026
Nobitex, Iran’s largest crypto exchange, was founded by brothers linked to the powerful Kharrazi family, which has ties to the country’s supreme leaders. Nobitex, Iran’s biggest crypto exchange, was founded by two brothers from one of the Islamic Republic’s most influential families with ties to the supreme leaders, according to a Reuters investigation. The exchange, which now accounts for the majority share of Iran’s crypto activity, was launched by Ali and Mohammad Kharrazi. The duo operated under the alternative surname “Aghamir,” which they used across corporate records and professional life, masking links to the Kharrazi dynasty, according to the report. The Kharrazi family has long occupied positions close to the country’s leadership, with ties spanning generations of power, including links to Ali Khamenei and his successor Mojtaba Khamenei. Read more -
Cointelegraph.com - 08:56 May 03, 2026
New York AG Letitia James secured a $5 million settlement from Uphold for promoting CredEarn, a crypto savings product that misled users about its risks. New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product. The settlement centers around Uphold’s promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, the platform marketed CredEarn to users on its platform and mobile app as a safe, reliable savings product with attractive annual interest payments. However, Uphold didn’t tell customers that Cred was generating those returns by making microloans to low-income video game players in China, who are typically borrowers with no credit histories and no access to traditional financial institutions, the Attorney General’s office said in an announcement. Read more -
Cointelegraph.com - 05:51 May 03, 2026
The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins. The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. Read more -
Cointelegraph.com - 03:29 May 03, 2026
Despite being the best-performing month in the past 12 months, Bitcoin still came in slightly below its historical average, according to CoinGlass data. Bitcoin has posted its best-performing month in a year, prompting analysts to forecast what could lie ahead for May, which has historically delivered returns of about 8%. “Long way to go back to ATHs, but good to see some green,” Coin Bureau founder Nic Puckrin said in an X post on Friday, referring to Bitcoin’s (BTC) performance during April, which saw a monthly return of 11.87%. It marked Bitcoin’s best-performing month since April 2025, when it returned 14.08%. However, it still came in slightly below its historical April average of 12.98%, according to CoinGlass. Read more -
Cointelegraph.com - 23:07 May 02, 2026
Malicious actors with code execution capability may gain root access on Linux systems using as few as 10 lines of Python, according to a researcher. A newly discovered vulnerability could affect most open-source major Linux distributions released since 2017, according to security researchers. The flaw, titled “Copy Fail,” caught the attention of the US Cybersecurity and Infrastructure Agency (CISA), who added it to the Known Exploited Vulnerabilities (KEV) catalog on Saturday, warning it poses “significant risks to the federal enterprise.” The vulnerability can allow attackers to gain root access across a wide range of Linux systems using a 732-byte Python script, though it requires prior code execution on the system to escalate privileges. Read more -
Cointelegraph.com - 22:00 May 02, 2026
Treasury Secretary Scott Bessent said that wallets the US targeted as part of Operation Economic Fury were linked to Tehran, but analysis of the wallets' characteristics suggests otherwise. Multiple wallet addresses recently sanctioned by the US Treasury Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests. That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury’s Office of Foreign Assets Control (OFAC) was a significant crypto enforcement event, some of those wallets’ characteristics lack a similarity to previously seized wallets linked Tehran. “While the use of cryptocurrency by the Islamic Revolutionary Guard Corps (IRGC) is well established, this case presents structural and behavioral characteristics that diverge meaningfully from previously observed patterns,” said Nominis CEO Snir Levi. Read more -
Cointelegraph.com - 13:51 May 02, 2026
Venture capital firm a16z argues that state crackdowns on platforms like Kalshi and Polymarket conflict with federal law and hurt market access for ordinary users. A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns, ranging from cease-and-desist letters to criminal charges, are creating barriers that undermine the federal agency’s mandate to provide “impartial access to its markets and services.” In recent weeks alone, the CFTC has filed lawsuits against Illinois, Arizona, Connecticut, New York and Wisconsin, claiming that those states overstepped by trying to regulate markets that fall under federal jurisdiction. A16z backed that position, arguing... -
Cointelegraph.com - 10:18 May 02, 2026
Riot Platforms reported $167.2 million in Q1 2026 revenue, with its new data center business contributing $33.2 million as Bitcoin mining income fell. Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million. The data center revenue helped offset a decline in Riot’s core Bitcoin mining business, which fell to $111.9 million from $142.9 million in Q1 2025, driven by lower average Bitcoin prices and a 24% rise in the global network hash rate. Riot produced 1,473 Bitcoin during the quarter, down from 1,530 a year earlier, while the average cost to mine one coin increased to $44,629 from $43,808, according to an announcement. “The first quarter of 2026 marks a definitive inflection point for Riot, as we officially transitioned into an active, revenue-generating data center operator,” CEO Jason Les said, adding that AMD’s decision to double its contracted capacity to 50 megawatts during the quarter validated the company's... -
Cointelegraph.com - 08:03 May 02, 2026
The Ethereum Foundation has now sold roughly $47 million worth of ETH to BitMine in a week, drawing fresh criticism over the pace and scale of its sales. The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million. “This sale funds the Ethereum Foundation’s core operations and activities, including protocol R&D, ecosystem development, community grant funding and more,” the Foundation wrote in a Friday post on X. The sale follows a nearly identical 10,000 ETH transaction completed just one week earlier at $2,387 per coin. The Foundation's first sale to BitMine came in March, when it sold 5,000 ETH at around $2,043. Combined, the Foundation has sold approximately $47 million worth of ETH to BitMine in the past week alone. Read more -
Cointelegraph.com - 07:00 May 02, 2026
All major mining stocks are up in 2026, with gains of up to 85% as Bitcoin remains down on the year. Publicly traded crypto mining companies are posting strong gains in 2026, even as the broader crypto market remains under pressure. All ten of the largest publicly traded mining stocks are in positive territory year-to-date (YTD), with gains ranging from around 5% to more than 85%, according to data from Bitcoinminingstock.io. Top Bitcoin mining stocks by market cap. Source: Bitcoinminingstock.io Read more -
Cointelegraph.com - 07:00 May 02, 2026
The acquisition provides a fully licensed derivatives stack under CFTC oversight, covering trading, clearing and brokerage. Payward, the parent company of Kraken, announced it has completed its acquisition of crypto derivatives venue Bitnomial, giving it control of a fully CFTC-regulated derivatives stack in the United States. The acquisition gives Payward a Futures Commission Merchant, Designated Contract Market and Derivatives Clearing Organization, infrastructure it plans to use to expand CFTC-regulated products across Kraken and NinjaTrader, starting with spot margin, with perpetuals and options expected to follow. Payward said Bitnomial will continue operating within its existing regulatory structure, with the deal enabling partners, including fintechs, banks and brokerages, to access US-regulated derivatives through the company's infrastructure platform. Read more -
Cointelegraph.com - 06:11 May 02, 2026
With attention spilling into multiple other technology sectors, crypto may struggle to capture a strong, price-driving narrative, a crypto analyst says. Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe. ‘“There doesn't need to be a narrative that pushes the price upwards,” van de Poppe said in an X post on Friday, after asking, “What narrative will bring Bitcoin to $100K?” “Price moves upwards, and the narrative will create itself,” van de Poppe said, adding: Read more -
Cointelegraph.com - 04:42 May 02, 2026
Institutional investors and corporate-level Bitcoin accumulation remain the primary drivers of BTC’s price gains, despite the lack of bullish leverage. Key takeaways: Bitcoin (BTC) reclaimed the $78,000 level amid broader risk-on sentiment, as the S&P 500 Index jumped to an all-time high on Friday. Despite 15% gains over the past 30 days, options markets are pricing in 25% odds that Bitcoin will trade above $84,000 by the end of May. Derivatives markets remain skeptical of further gains, although institutional spot demand remains solid. Read more -
Cointelegraph.com - 01:29 May 02, 2026
Galaxy Digital head of research Alex Thorn expects the banking industry to “increase their opposition efforts” following the release of the final stablecoin yield provisions. The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad. “It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries, which has centered on whether such yields would harm the banking system’s competitiveness. “In the end, the banks were able to get more restrictions on rewards, but we protected what matters – the ability for Americans to earn rewards, based on real usage of crypto platforms and networks,” Shirzad said. Read more -
Cointelegraph.com - 21:14 May 01, 2026
Bitcoin chases $80,000 as rising spot volumes and futures open interest suggest the market has shifted back in the bulls’ favor. Several Bitcoin (BTC) data points suggest that $80,000 is the next destination for the cryptocurrency. Bitcoin gained 2.52% to trade above $78,800 on Friday after holding support at the 100-day exponential moving average. Spot market buy volumes also strengthened while the cumulative volume delta (CVD) reached 11,500 BTC, its highest level since Feb. 17. BTC futures activity is picking up, with the open interest rising 6.64% to 257,000 BTC, indicating fresh positioning. Bitcoin rebounded from its 100-day exponential moving average (100-EMA) after retesting the daily trend over the past two days. The move lifted the price by 2.52% to $78,800 on Friday, holding the short-term uptrend intact. Read more
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