Cointelegraph.com
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Cointelegraph.com - 18:13 May 15, 2025
Bitcoin’s failure to break above $106,000 could be an early sign that a price reversal is beginning. Bitcoin's 36% rebound from $74,500 runs into resistance at $106,000. Bid-side liquidity is staking up on the downside near $93,000. Bitcoin (BTC) price has rebounded by 36% from its April 9, five-month low at $74,500. However, its failure to decisively break above $106,000 has sparked concerns about whether a sharp correction is possible in the coming days. Read more -
Cointelegraph.com - 17:00 May 15, 2025
Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook markets and turned many lawmakers against the crypto industry. Regulating stablecoins as a security has seen few local stablecoin issuers arise, but in the United States and the European Union, softening regulations have seen significant growth in the stablecoin market. This makes Canada, observers say, less competitive with other jurisdictions. Read more -
Cointelegraph.com - 16:36 May 15, 2025
All the Coinbase customer service agents whom cybercriminals allegedly bribed to gain access to user data were based in India, according to Philip Martin. Coinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According to a May 15 Fortune interview, Coinbase's chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSO’s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million in remediation and reimbursement. Qiao Wang, a core contributor to Alliance DAO, said in a May 15 X post that he may have been a victim of one of these attacks. He said a scammer notified him his Coinbase account had been compromised, asked him to verify his... -
Cointelegraph.com - 16:14 May 15, 2025
Historical data outlined an interesting correlation between Bitcoin and spot BTC ETFs inflows, with whale activity reflecting reserved profit-taking. Key takeaways: Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently. Read more -
Cointelegraph.com - 15:00 May 15, 2025
Superior agents are set to disrupt Big Tech’s monopoly on AI. Welcome to a decentralized revolution that democratizes access and reshapes industries. Superior agents bring advanced, self-improving intelligence to all. Opinion by: Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI The puppet show is ending. The Brookings Institution found that generative artificial intelligence may disrupt at least 50% of tasks performed by more than 30% of all workers. The same study also estimates that genAI may affect at least 10% of tasks performed by approximately 85% of the human workforce. The TL;DR from these stats? AI’s effects are likely to be both broad and deep. Read more -
Cointelegraph.com - 14:50 May 15, 2025
The 10-year Treasury yield is the return investors earn on US government bonds with a 10-year maturity. Also, it serves as a reference for global interest rates. The 10-year Treasury yield is the interest rate that the US government pays to borrow money for 10 years. When the government needs cash, it issues bonds called Treasury notes, and the 10-year note is one of the most watched. The “yield” is the annual return you’d get if you bought that bond and held it until it matures. It’s expressed as a percentage, like 4% or 5%. Read more -
Cointelegraph.com - 14:30 May 15, 2025
Legendary NFT Collector Pranksy has traded Bored Apes with Gwyneth Paltrow and flipped a Zombie CryptoPunk for a $1.2M profit inside a day. OG collector Pranksy is one of the most prolific figures in the NFT space, yet remains one of cryptos greatest mysteries, with his true identity still unknown. Starting with just $600 worth of ETH in 2017 (incredibly he’s never had to buy any more ETH with fiat) Pranksy cut his teeth with the explosion of CryptoKitties and quickly built up a stack of ETH which he relentlessly poured back into the ecosystem, being dubbed the “King of the Mint” by the time NFT mania truly hit in 2020-21.A key figure in popularizing Bored Ape Yacht Club, some of his trades have become legendary. On September 4, 2021, he purchased a Zombie CryptoPunk #6275 for 1,000 ETH ($3.89M) and sold it later that same day for 1,320 ETH ($5.12mil) a casual $1.23 million profit in 24 hours. Today, he still has more than 45,000 NFTs in his primary wallet, pranksy.eth, with Avastars and CyberBrokers two of h... -
Cointelegraph.com - 14:15 May 15, 2025
Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry. Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US. Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy. “As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.” Read more -
Cointelegraph.com - 14:02 May 15, 2025
A delay in Tether’s USDT blacklisting process allowed over $78 million in illicit funds to evade freezing, according to an AMLBot report. Update (May 15 at 3:10 pm UTC): This article has been updated to include comments from Tether. A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance company AMLBot. Tether’s address blacklisting becomes effective only after a considerable delay from when the process is initiated on Ethereum and Tron, according the report published May 15. Read more -
Cointelegraph.com - 13:59 May 15, 2025
As Bitcoin mining faces new challenges post-halving, uncover how miners adapt to new realities and secure their places in the Bitcoin ecosystem. After the 2024 halving, Bitcoin mining entered its fifth epoch and block rewards were reduced from 6.25 BTC to 3.125 BTC. This forced miners to rethink their operations, optimize efficiency, cut energy costs and upgrade hardware to remain profitable. Cointelegraph Research, with insights from industry experts at Uminers, examines this transformation in its latest report. The analysis covers ASIC efficiency improvements, corporate performance, geographical expansion and new revenue models. As miners adapt, Bitcoin moves into a new era where institutional momentum and sovereign adoption could redefine its role in the global financial system. Download the full report to uncover how miners are navigating this shift and what the future holds for Bitcoin’s mining industry. Despite the adverse financial impact of the halving, Bitcoin’s network hashrate has continued to clim... -
Cointelegraph.com - 13:40 May 15, 2025
Tether mints $1 billion of USDT on Tron, pushing its authorized supply above Ethereum’s as the two networks battle for stablecoin dominance. Stablecoin issuer Tether minted another 1 billion USDt tokens on Tron, pushing the network’s authorized USDT supply to surpass Ethereum’s. On May 15, blockchain data showed that Tether’s treasury minted $1 billion of its dollar-pegged stablecoin, USDt (USDT), into the Tron network. As of May 14, Tether’s stablecoin transparency page shows that Tron’s authorized USDT totals $73.7 billion, while Ethereum has $74.5 billion in authorized USDT tokens. If the newly minted tokens are added to the number of authorized USDT assets, Tron’s supply surpasses Ethereum’s. Read more -
Cointelegraph.com - 13:38 May 15, 2025
Dapper Labs VP Ridhima Kahn told Cointelegraph why digital merch is becoming the go-to strategy for major brands like the NBA, NFL and Disney. As more and more businesses are impacted by tariff volatility, some executives, like Ridhima Kahn, vice president of business development at Dapper Labs, are viewing the assault on the cost of physical goods as another use case for digital markets powered by blockchain to shine. “I’m seeing a lot of brands rethinking where revenue and fan engagement come from,” Kahn said during an exclusive interview with Cointelegraph. “A lot of franchises, like the ones we work with — NBA, NFL, Disney — have already had years of success with digital collection, and we’re seeing a lot of brands express interest in digital collectibles as a way to engage with fan bases at a time when physical costs are riskier and unknown.” Propelling brands to take a deeper look at digital merch is the desire to better understand fandom. Flow now has tradable highlights like a “LeBron Dunk” or a “Step... -
Cointelegraph.com - 13:30 May 15, 2025
The Clear Crypto Podcast sits down with Isabel Foxen Duke to break down “Bitcoin Season 2,” a new era of Bitcoin innovation that includes trustless bridging, lending and more. Bitcoin’s (BTC) next evolution isn’t just about price. It’s about potential. On this week’s episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson sit down with Isabel Foxen Duke, general partner at Unbroken Chain and longtime Bitcoin advocate, to unpack what she calls “Bitcoin Season 2.” “Bitcoin Season 2 is really about seeing what we can do with Bitcoin outside of just being money,” said Duke. Read more -
Cointelegraph.com - 13:15 May 15, 2025
Following Bitcoin’s latest rally to $106,000, BTC continues to show strength, and traders appear to be targeting the $140,000 level as the next possible top. Key takeaways: Bitcoin’s price is retracing, but strong ETF inflows, high network activity and whale accumulation suggest BTC is on track to $140,000. Spot Bitcoin ETFs saw $2.9 billion in net inflows in two weeks, mirroring past rallies. Read more -
Cointelegraph.com - 12:51 May 15, 2025
AlAbraaj Restaurants Group, a publicly listed Bahraini catering firm, has adopted a Bitcoin treasury strategy with plans to expand into Sharia-compliant finance. A Bahrain-based, listed catering company with a $24.2 million market cap has adopted a Bitcoin treasury strategy in partnership with investment firm 10X Capital. According to a May 15 announcement, AlAbraaj Restaurants Group partnered with 10X Capital to adopt a Bitcoin (BTC) treasury strategy similar to top corporate BTC holder Strategy (previously known as MicroStrategy). The firm also aims to explore Sharia-compliant access to Bitcoin for the Islamic world. “Our initiative to become a Bitcoin treasury company reflects our forward-looking approach and our commitment to enhancing shareholder value,” said Abdullah Isa, head of AlAbraaj’s Bitcoin Treasury Committee. Read more -
Cointelegraph.com - 12:21 May 15, 2025
Bitcoin can ride international macro tailwinds all the way to seven figures in just three years, says former BitMEX CEO Arthur Hayes. Key points: US Treasurys and foreign capital “repatriation” make a recipe for $1 million BTC, says Arthur Hayes. Europeans face tightening capital controls, inviting a recommendation to take back control of personal funds. Read more -
Cointelegraph.com - 12:09 May 15, 2025
Once a staunch Bitcoin critic, famed short-seller Jim Chanos now sees an arbitrage opportunity by shorting Strategy stock and buying BTC. Prominent short-seller Jim Chanos, once a vocal critic of Bitcoin and cryptocurrencies, revealed a new trading play that involves shorting shares of Strategy (formerly MicroStrategy) and buying Bitcoin. At the Sohn Investment Conference in New York, Chanos told CNBC he’s “selling MicroStrategy stock and buying Bitcoin.” The investor described the move as buying something for $1 and selling something for $2.50, referring to what he sees as a significant price mismatch. Chanos argued that Strategy is selling the idea of buying Bitcoin (BTC) in a corporate structure, and that other companies are following suit in hopes of receiving a similar market premium. Read more -
Cointelegraph.com - 11:58 May 15, 2025
Stablecoins can streamline collateral management systems in TradFi, but financial institutions may need more straightforward regulatory guidelines for adoption. Cryptocurrencies and stablecoins are gaining recognition in the traditional finance (TradFi) space for their ability to streamline payments and increase efficiency in existing financial systems In finance, collateral management refers to the process of managing the underlying collateral securing other financial transactions, such as loans or derivatives, to mitigate credit risks and ensure smooth transactions. Digital assets like stablecoins are the “perfect” financial instrument for real-time collateral management, according to a recent pilot by DTCC Digital Assets, which suggests that digital assets, particularly stablecoins, could modernize and simplify this critical function. Read more -
Cointelegraph.com - 11:36 May 15, 2025
Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs. Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data. “These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected. Read more -
Cointelegraph.com - 00:51 May 15, 2025
Crypto and stock trading platform eToro closed its first day of public trading up 28.9% after it jacked up its IPO at the 11th hour. Crypto and stock trading platform eToro has seen its share price gain nearly 30% during its debut on the Nasdaq after the company made a last-minute boost to its initial public offering. Shares in eToro Group Ltd (ETOR) closed May 14 trading at $67, up 28.9% from its initial offering price of $52, according to Yahoo Finance. It brings the company’s market value to over $5.5 billion. Its stock price shot to a high of $74.26 during the trading day before cooling and has also slightly dipped by 0.7% after the bell to $66.53. Read more
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