Cointelegraph.com
Source:
https://cointelegraph.com
Found 5759 news
-
Cointelegraph.com - 18:57 May 21, 2025
Bitcoin price rallied to a new all-time high and if it holds, select altcoins look ready to follow. Key points: Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up. Several altcoins have bounced off their respective support levels, signaling a positive sentiment. Read more -
Cointelegraph.com - 17:55 May 21, 2025
Democratic members of Congress and organizations have announced two rallies and two press events ahead of a May 22 memecoin event at the US president's golf club. Democratic leaning organizations and members of Congress have announced plans to protest what they describe as the sale of access to the office of the US president, in reference to Donald Trump’s memecoin dinner on May 22. The event’s attendees are said to have collectively spent over $100 million for the chance to meet with the US president. Since Trump’s memecoin project, Official Trump (TRUMP), announced that its top 220 tokenholders would have an opportunity to apply for an exclusive dinner with the president, many leaders in the crypto industry and US lawmakers have criticized the event, saying Trump was opening his office to potential bribery and corruption. The memecoin dinner prompted some Democratic lawmakers to withdraw support for crypto-related legislation in Congress, including the market structure and stablecoin bills. Read more -
Cointelegraph.com - 17:32 May 21, 2025
If signed into law, the bill would allow the Texas comptroller to establish a Bitcoin reserve and invest in select cryptocurrencies based on market cap criteria. The Texas House of Representatives has passed the third reading of SB 21, a bill that seeks to establish a strategic Bitcoin reserve in the state. The bill passed in a 101-42 vote and will now go to Texas Governor Greg Abbott to either sign into law or veto. SB 21, authored by state Senator Charles Schwertner, establishes a Bitcoin (BTC) reserve that is managed by the state’s comptroller. The legislation allows the comptroller to invest in any cryptocurrency with a market cap above $500 billion over the previous 12-month period. Currently, the only cryptocurrency fitting the requirement is Bitcoin. Before the vote, state Representative Giovanni Capriglione said to the chamber that the bill was a “pivotal moment in securing Texas’s leadership in the digital age with the passage of our strategic Bitcoin reserve. Now, we embrace a modern asset with trad... -
Cointelegraph.com - 17:02 May 21, 2025
Savvy Bitcoin traders use these five indicators to know when it's time to buy and sell BTC. Key takeaways: Bitcoin market cycle tops are notoriously hard to time, but combining technical and behavioral indicators can offer strong signals. The MVRV-Z Score, Pi Cycle Top indicator, trade volume trends, Puell Multiple, and exchange inflows accurately predict Bitcoin price cycle tops. Read more -
Cointelegraph.com - 16:16 May 21, 2025
Citing sources close to the banking lobby, Austin Campbell says financial institutions are spooked by stablecoins that pay interest. America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting. In a May 21 social media post that begins with, “The Empire Lobbies Back,” Campbell claimed that the banking industry is especially alarmed by the potential for stablecoins to offer interest or rewards to holders. In a pointed message aimed at Democratic lawmakers, Campbell wrote that “banks want you to protect their cartel so they can keep screwing your voters.” Read more -
Cointelegraph.com - 15:42 May 21, 2025
Bitcoin enters a breakout zone that historically has been followed by sustained explosive rallies. Key takeaways: The Bitcoin Quantile Model shows “heat” with price on the verge of an “acceleration phase,” echoing Q4 2024 when BTC embarked on a 45% post-election rally. Bitcoin (BTC) price has formed a new intraday high on each daily candle this week, with the crypto asset slowly grinding toward a new all-time high. In line with its current trajectory, 21st Capital co-founder Sina noted that Bitcoin is approaching a pivotal moment around the $108,000 level. Read more -
Cointelegraph.com - 15:36 May 21, 2025
Ethereum’s rally toward $2,700 put multiple investor cohorts back in profit, but there is still a substantial sell-side risk near Ether’s range high. Key points: Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond. Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold. Read more -
Cointelegraph.com - 15:10 May 21, 2025
Bitcoin has set a new all-time high just nine days after the US and China closed a 90-day trade agreement, easing economic uncertainty and market jitters. Bitcoin surged to a new all-time high after a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence. Bitcoin (BTC) set a new high of $109,400 on May 21, rising more than 26% in the past month, according to data from TradingView. This climb to a record high came nine days after the White House announced a 90-day trade agreement between the US and China on May 12, temporarily slashing import tariffs to 10%. The 90-day tariff suspension and the cooperative tone in negotiations removed the risk of “sudden re-escalation,” which had a significant impact on risk appetite among traditional and cryptocurrency investors, Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen, told Cointelegraph. Read more -
Cointelegraph.com - 15:00 May 21, 2025
Master the art of crypto accounting! Learn how to handle crypto gains and losses on your balance sheet to stay tax-compliant and organized. Let’s be real, it’s easy to lose sight of what you’ve actually gained or lost, especially when it comes to crypto and its market volatility and frequent trading activities. And when it comes to accounting, especially in countries like the United States, it gets trickier because you must reflect those numbers properly on your balance sheet. If you are running a business that involves crypto or you are just a crypto investor, understanding how to account for your digital assets correctly is crucial. Read more -
Cointelegraph.com - 15:00 May 21, 2025
While crypto market sentiment often swings with price volatility, the true momentum in the industry lies beneath the surface, within the relentless activity of developers building real-world solutions. Opinion by: Markus Levin, co-founder of XYO The crypto community often experiences periods of heightened anxiety. Market downturns are often triggered by counterproductive sentiment-driven events rather than by fundamental issues, creating a significant disconnect between price behavior and the actual progress being made within the industry by the companies within it. What often goes unnoticed is how much real development happens during these downturns. While market movements capture most of the attention, teams are building faster and more deliberately behind the scenes than ever. The focus shifts away from price speculation and toward real execution. Growth happens during downturns. It's a necessary phase for projects that thrive in a volatile industry. They re-focus attention on refining their technology and... -
Cointelegraph.com - 14:52 May 21, 2025
Bitcoin is refusing to give up on its quest to revisit $108,000 and beyond, but concerns over a trend change are growing louder. Key points: Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.” $108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying. Read more -
Cointelegraph.com - 14:30 May 21, 2025
Big names, including Securitize, Ethena, Ant Digital and Tradeable, see custom-built Ethereum L2s as the future for trillions in RWAs. Shortly before Ethereums shock 50% price surge earlier this month, when bearishness about its roadmap was reaching its zenith, Real Vision founder Raoul Pal was asked on a podcast if he thought Ethereum was cooked. The former Goldman Sachs executive said hed heard that narrative a lot, but it was wrong not least because TradFi considers Ethereum to be the Microsoft of blockchain. “It clearly works very well for what the financial markets need,” he said. Read more -
Cointelegraph.com - 14:00 May 21, 2025
Trugard and Webacy have launched a machine learning–powered AI tool to detect crypto wallet address poisoning, claiming a 97% success rate. Crypto cybersecurity firm Trugard and onchain trust protocol Webacy have developed an artificial intelligence-based system for detecting crypto wallet address poisoning. According to a May 21 announcement shared with Cointelegraph, the new tool is part of Webacy’s crypto decisioning tools and “leverages a supervised machine learning model trained on live transaction data in conjunction with onchain analytics, feature engineering and behavioral context.” The new tool purportedly has a success score of 97%, tested across known attack cases. “Address poisoning is one of the most underreported yet costly scams in crypto, and it preys on the simplest assumption: That what you see is what you get,” said Webacy co-founder Maika Isogawa. Read more -
Cointelegraph.com - 13:19 May 21, 2025
The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs. Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from key Democrats on May 8, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate in a 66–32 procedural vote on May 20 and is now heading to a debate on the Senate floor. The bill seeks to set clear rules for stablecoin collateralization and mandate compliance with Anti-Money Laundering laws. Read more -
Cointelegraph.com - 13:00 May 21, 2025
"Invisible" crypto infrastructure provider SukuPay is now integrated into Guatemala's biggest banking provider, Banco Industrial. Guatemala’s largest bank, Banco Industrial, has integrated crypto infrastructure provider SukuPay into its mobile banking app, allowing locals to more easily receive remittances powered by blockchain technology. SukuPay’s infrastructure has been fully embedded inside the Zigi payment app, allowing Guatemalans to receive funds from the United States instantly for a $0.99 flat fee, the company disclosed on May 21. Users of the Zigi app do not need a crypto wallet or an International Bank Account Number (IBAN) to receive the funds, the company said. Read more -
Cointelegraph.com - 12:58 May 21, 2025
Hong Kong's Legislative Council has passed the Stablecoin Bill, paving the way for licensed fiat-backed stablecoin issuers by year-end and positioning the region as a potential global Web3 hub. Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital assets and Web3 development. In a May 21 post on X, Legislative Council member Johnny Ng Kit-Chong said the bill had passed its third reading, clearing the final hurdle for adoption. “It is expected that by the end of this year, major institutions will be able to apply to the Hong Kong Monetary Authority to become licensed stablecoin issuers,” Ng said. Read more -
Cointelegraph.com - 11:19 May 21, 2025
Yield-bearing stablecoins have surged to $11 billion, driven by regulatory shifts and increasing user demand, with Pendle capturing 30% of that. Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024. One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, the firm said in a report shared with Cointelegraph. Pendle noted that stablecoins make up 83% of its $4 billion total value locked, a sharp rise from less than 20% just a year ago. In contrast, assets such as Ether (ETH), which historically contributed 80%–90% of Pendle’s TVL, have shrunk to less than 10%. Read more -
Cointelegraph.com - 10:55 May 21, 2025
Bold Technologies and My Aion unveiled plans to develop a $2.5 billion AI-powered platform that will debut in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence company My Aion to launch a $2.5 billion smart-city initiative aimed at transforming urban infrastructure through AI. The companies announced the development of a platform called Aion Sentia Cognitive City, which manages complex urban systems. The platform will be powered by Maia, an AI core engine developed by My Aion, and aims to optimize and manage systems across mobility, energy, education, healthcare and digital services. My Aion CEO Daniele Marinelli said the AI will know the user well enough to “recommend the perfect place for your anniversary dinner and book it for you without you lifting a finger.” Read more -
Cointelegraph.com - 01:37 May 21, 2025
Eric Adams told a crypto conference that he wants to make New York City the “crypto capital of the globe” and will make policy recommendations in the coming weeks. New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.” “This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want to use the technology of tomorrow to better serve New Yorkers today.” “We have experts right here, and they are going to help us navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.” Read more -
Cointelegraph.com - 01:13 May 21, 2025
The SEC alleged thousands of investors were drawn by “fictitious promises” that Uniconi's crypto assets were backed by real-world assets. The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez with misleading investors about certificates that conveyed rights to receive Unicoin tokens and stock. Mark Cave, associate director in the SEC’s Division of Enforcement, claimed the trio “exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings.” Read more
5759 items