Cointelegraph.com
Source:
https://cointelegraph.com
Found 7335 news
-
Cointelegraph.com - 13:44 Jul 11, 2025
The Ethereum Foundation sold 10,000 ETH to SharpLink Gaming at a steep discount just before Ether briefly surpassed $3,000. The Ethereum Foundation sold 10,000 Ether through an over-the-counter deal just before the cryptocurrency briefly regained the $3,000 mark. In a Friday X post, the Ethereum Foundation said it had finalized the terms of a 10,000 Ether (ETH) sale at an average price $2,572.37 via an over-the-counter transaction. At the time of writing, Ether traded nearly 16% higher, hovering just below $3,000. “Our OTC counterparty was Sharplink Gaming,” the foundation said. Read more -
Cointelegraph.com - 13:30 Jul 11, 2025
As Congress prepares to debate three major crypto bills during “Crypto Week,” the crypto community and advocacy groups are racing to turn momentum into real legislation. The US House of Representatives is gearing up for what Republican leadership has branded “Crypto Week,” a legislative push scheduled from next Monday to Friday that could reshape the future of digital asset regulation in the country. This week’s episode of Byte-Sized Insight explores the political stakes of these bills, the industry’s lobbying efforts and whether bipartisan support is enough to push legislation across the finish line. Lawmakers are expected to debate and potentially vote on three high-profile bills: the CLARITY Act, which would define regulatory oversight of crypto markets; the GENIUS Act, which creates a framework for stablecoins and has already cleared the Senate; and the Anti-CBDC Surveillance State Act, which would ban the creation of a US central bank digital currency. Read more -
Cointelegraph.com - 12:23 Jul 11, 2025
Bitcoin’s latest rally sparked a reaction from Peter Schiff, urging a switch to silver, while others were more bullish than ever. Longtime Bitcoin critic and gold advocate Peter Schiff said the latest BTC rally may be a selling opportunity for investors to buy silver instead. “With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” Schiff said in a Thursday X post as Bitcoin (BTC) put on its moon boots again and set new highs above $112,000. He claimed that silver has more upside potential than Bitcoin and added that while BTC “can easily crash, silver’s downside seems very limited.” Read more -
Cointelegraph.com - 11:46 Jul 11, 2025
The Ethereum Foundation is preparing to bring zero-knowledge technology to Ethereum, with plans to launch a zkEVM on the layer-1 network within a year. Ethereum is preparing for a significant architectural upgrade that could see a zero-knowledge Ethereum Virtual Machine (zkEVM) integrated directly into its layer-1 blockchain within a year. In a post by Sophia Gold, a developer in the Ethereum Foundation’s (EF) protocol support team, the EF outlined a path toward replacing traditional block execution with zero-knowledge proofs (ZK-proofs). Instead of requiring every validator to re-run transaction blocks to verify them, the system will switch to validators only checking ZK-proofs, which are tiny cryptographic receipts that confirm everything was done correctly. Read more -
Cointelegraph.com - 11:18 Jul 11, 2025
Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the increasing global adoption of stablecoins. Mainland China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly showing signs of a shift in tone regarding stablecoins amid new developments in Shanghai. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) has held a meeting to discuss strategic responses to stablecoins and digital currencies, Reuters reported on Friday. Following the Thursday meeting, SASAC director He Qing called for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” in a post on the authority’s official account. Read more -
Cointelegraph.com - 10:19 Jul 11, 2025
The attacker behind the $40 million GMX exploit has begun returning the stolen crypto after accepting a $5 million white hat bounty offered by the GMX team. The attacker who exploited the GMX v1 decentralized exchange (DEX) and stole $40 million in crypto began returning the stolen funds after sending an onchain message promising to return the crypto. In an onchain message flagged by blockchain security firm PeckShield, the hacker wrote that the funds will be returned. “Ok, funds will be returned later,” the exploiter wrote in an onchain message, accepting the bounty offered by the GMX team. Almost an hour later, the hacker started returning the crypto stolen from the attack. At the time of writing, the address labeled GMX Exploiter 2 had returned about $9 million in Ether (ETH) to the Ethereum address specified by the GMX team in an onchain message. Read more -
Cointelegraph.com - 10:09 Jul 11, 2025
Malta has sought to lead the way in EU crypto regulation, though early leadership has not come without its challenges. Malta’s cryptocurrency market regulator said that none of the local licenses issued under the Markets in Crypto-Assets Regulation (MiCA) are at risk following a recent peer review by European Union regulators. “No MiCA license in Malta is at risk of revocation or re-evaluation as a result of the peer review outcomes,” a spokesperson for the MFSA told Cointelegraph, adding that the authority has already started addressing the issues identified in the review. The statement came after the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing MiCA compliance, on Thursday released a peer review on certain MiCA authorization gaps by Malta’s Financial Services Authority (MFSA). Read more -
Cointelegraph.com - 09:28 Jul 11, 2025
The Vatican Bank has denied any link to a suspicious crypto project offering fake memberships and token sales through a fraudulent “Vatican Chamber of Trade.” The Istituto per le Opere di Religione (IOR), commonly known as the Vatican Bank, has denied any connection to a fake cryptocurrency project claiming ties to it. The fake token, dubbed Vatican Chamber Token (VCT), was promoted on an online phishing scam website claiming to offer a “formal invitation to join one of the world’s most exclusive economic institutions.” The promoters said the “Vatican Chamber of Trade” was accepting new applicants “for the first time in a generation.” The website goes as far as to include the real number of the Vatican Bank on its website. A representative of the Vatican Bank confirmed during a call with Cointelegraph that the project “is a scam,” and denied any affiliation with it. Read more -
Cointelegraph.com - 07:50 Jul 11, 2025
Running a Lightning Network node in 2025 can generate passive Bitcoin income, but success depends on capital, uptime and dynamic fee strategies. The Lightning Network is Bitcoin’s most successful second-layer solution, a protocol built to handle rapid, ultra-low-cost transactions without clogging the main blockchain. By linking users through a mesh of bidirectional payment channels — essentially offchain smart contracts secured by the Bitcoin blockchain — it allows participants to send and receive funds instantly. The network settles only when a channel is closed, minimizing onchain load and maximizing speed. Read more -
Cointelegraph.com - 22:57 Jul 10, 2025
China’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express Beijings state media is rallying behind Changan Chain, a homegrown blockchain infrastructure hailed as a solution to Chinas root problem of digital sovereignty. A profile on Qianlong.com credits researcher Dong Jin and his team for building a fully open-source and state-backed blockchain stack now powering national digital projects. Though little-known outside China, Changan Chain has gone through 21 iterations over six years and now claims to handle over 100,000 transactions per second a benchmark often cited by next-generation blockchains aiming to match the scale of traditional financial networks. It is reportedly being used in Chinas nationwide real estate registration system and by companies to digitize supply contracts, allowing banks to verify supplier relationships and accelerate loan approvals. Read more -
Cointelegraph.com - 22:30 Jul 10, 2025
SUI broke out of an inverse head-and-shoulders pattern, opening the door for a rally to $3.89. Key points: SUI broke above a bullish pattern, opening the gates for a potential rally to $3.89. Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41. Read more -
Cointelegraph.com - 22:16 Jul 10, 2025
Jonathan Gould will return to the OCC as Comptroller of the Currency to serve a five-year term following his nomination by US President Donald Trump. Jonathan Gould, who previously worked as the chief legal officer of blockchain infrastructure company Bitfury, has been confirmed as the head of the US Office of the Comptroller of the Currency (OCC) following a Senate vote. In a 50-45 vote in the US Senate on Thursday, a majority of lawmakers voted to confirm Gould to head the banking regulator. In addition to his work at Bitfury, Gould is a partner at the Cleveland-based law firm Jones Day and served as the OCC’s senior deputy comptroller and chief counsel from 2018 to 2021. Gould’s nomination was the latest from US President Donald Trump to be addressed by the Senate since the president took office in January. The chamber has previously voted to confirm Trump’s pick to head the US Securities and Exchange Commission, Paul Atkins, and is expected to take up a vote for Brian Quintenz to chair the Commodity Futur... -
Cointelegraph.com - 22:15 Jul 10, 2025
Nicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors. Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018. Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, Michael Terpin, according to Bloomberg. “At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read: Read more -
Cointelegraph.com - 21:37 Jul 10, 2025
Ether price rallied to $3,000, but the key components needed to hold the level are still missing. Key takeaways: ETH futures and options markets show hesitation despite spot ETF inflows and rising TVL figures. Layer-2 growth and lower fees haven’t translated to increased demand for ETH or sustained price momentum. Read more -
Cointelegraph.com - 21:01 Jul 10, 2025
Ignoring the reduced customer acquisition costs made possible by AI places businesses at a significant disadvantage, O'Leary said. Artificial intelligence significantly reduces the cost of new customer acquisition, and any company neglecting AI is not a worthwhile investment, according to investor and television personality Kevin O’Leary. In an interview with Cointelegraph, O’Leary said that new-customer acquisition, which is primarily done through content creation and multimedia marketing, has been “the highest cost increase in the last 36 months.” “When you look at the cost of creation of that content, it has more than quadrupled. In some cases, it’s 10x,” he said before adding that AI has reduced content production costs by 60%. Read more -
Cointelegraph.com - 20:58 Jul 10, 2025
Bitcoin's market structure and the recent rally to new highs suggest an accelerated phase of price discovery has just begun. Key point: Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000. Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in the next two months. Read more -
Cointelegraph.com - 20:24 Jul 10, 2025
The Tornado Cash co-founder is scheduled to go to trial on Monday, but his defense attorneys are still waiting on rulings for motions over witnesses in the case. Attorneys representing Tornado Cash co-founder and developer Roman Storm have suggested they may request a brief continuance for his criminal trial if a judge denies a motion to exclude a particular witness. In a Thursday filing in the US District Court for the Southern District of New York (SDNY), Storm’s legal team moved to exclude testimony from an unnamed witness who is the “claimed perpetrator of an alleged hack who allegedly used Tornado Cash.” His attorneys argued that prosecutors disclosed the witness after a scheduled deadline, also claiming their testimony could be “highly prejudicial” to Storm. “[The testimony] would be unfairly prejudicial as it would likely confuse and mislead the jurors into believing that Mr. Storm was involved in the underlying purported hack or intended to facilitate it, which is not true,” said the Thursday filing. ... -
Cointelegraph.com - 20:10 Jul 10, 2025
Social engineering scams, from the Meeten campaign to fake crypto support scams, have become a troubling occurrence in crypto. Threat actors are using an elaborate social engineering scheme to target crypto users and drain their wallets, according to a Thursday report from cybersecurity company Darktrace. The company wrote that the techniques are similar to those used by “Traffer Groups,” which use malware to steal credentials and data. The social engineering scheme involves gaining the trust of users by posing as representatives from fake startup companies in the industries of AI, gaming, Web3 and social media. Compromised X accounts are often involved, and the threat actors supplement the fraud with Medium articles and GitHub entries. “Each campaign typically starts with a victim being contacted through X messages, Telegram or Discord,” the report reads. “A fake employee of the company will contact a victim asking to test out their software in exchange for a cryptocurrency payment.” Read more -
Cointelegraph.com - 20:02 Jul 10, 2025
Coinbase market data will power the AI “answer engine” in a two-phase rollout, starting with COIN50 index prices. On Thursday, the CEO of Coinbase Global (Nasdaq: COIN), Brian Armstrong, announced a partnership with Perplexity, an AI-powered search engine that answers users’ questions with cited, real-time data pulled from the web. According to Armstrong, the move will integrate the crypto exchange’s market data into Perplexity’s large language model (LLM), further connecting AI and crypto and helping users make more informed decisions about digital assets. The partnership is being rolled out in two stages. Starting Thursday, Perplexity will pull market data from Coinbase, including from its COIN50 index, to power “market analysis” in Perplexity’s new Comet browser. Read more -
Cointelegraph.com - 19:43 Jul 10, 2025
Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900. Key takeaways: Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses. Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900. Read more
7335 items