Cointelegraph.com
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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 -
Cointelegraph.com - 12:38 Aug 14, 2025
Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet Coin. Vietnamese authorities have dismantled what they described as the country’s largest crypto fraud to date, arresting the ringleader and accomplices behind a multibillion-dollar Ponzi scheme built around the digital token Paynet Coin (PAYN). The Phu Tho Provincial Police said on Monday that the suspects lured thousands of victims in Vietnam and overseas into an illegal multilevel marketing (MLM) operation disguised as a crypto investment platform, according to a report by local media outlet Công an Nhân dân. Using websites such as FMCPAY.com and AFF2024.com, the group promised investors monthly returns of 5%–9% and additional commissions for recruiting others. Funds from new participants were used to pay earlier investors, a classic Ponzi structure, per the authorities. Read more -
Cointelegraph.com - 11:54 Aug 14, 2025
Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first for the country. Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to allow customers to pay with more than 100 cryptocurrencies and stablecoins, according to a Thursday announcement shared with Cointelegraph. The service is already live in 100 Spar stores and will expand to the remaining locations in coming months. A full rollout across the country’s Spar network has no confirmed timeline, a Spar spokesperson said. Read more -
Cointelegraph.com - 11:10 Aug 14, 2025
The hacker behind the Radiant Capital $58 million October 2024 exploit now holds $103 million in Ether since the asset’s price almost doubled. The trove stolen from decentralized lender Radiant Capital in October 2024 has nearly doubled in value as Ether climbed, blockchain data shows. Decentralized finance (DeFi) protocol Radiant Capital was hacked in mid-October 2024 when the crosschain lending protocol suffered a $58 million cybersecurity breach on BNB Chain and Arbitrum. Radiant Capital lost about $58 million in the breach. The attacker later swapped proceeds into Ether (ETH) and now holds 21,957 ETH worth about $103 million, according to Lookonchain, up from an estimated $58 million at the time of the exploit. Read more -
Cointelegraph.com - 09:49 Aug 14, 2025
Over 15 billion ADA has not moved for a year, signaling holder confidence as “altcoin season” momentum builds and Cardano price rises to multimonth highs. Key takeaways: ADA price confirms bull flag breakout, eyeing 100%–150% upside. Long-term holders have been holding a record 15 billion ADA for over a year. Read more -
Cointelegraph.com - 09:33 Aug 14, 2025
Coinbase lost $300,000 in token fees after mistakenly approving assets to a 0x swapper contract, enabling an MEV bot to drain its corporate wallet. Coinbase lost about $300,000 in token fees after mistakenly approving assets to a 0x Project smart contract, allowing a maximal extractable value (MEV) bot to drain the funds. Deebeez, a security researcher at Venn Network, flagged the incident in a Wednesday post on X. He said Coinbase’s corporate wallet interacted with 0x’s “swapper” contract, a permissionless tool designed to execute swaps but not to receive token approvals. Since anyone can call the contract to perform arbitrary actions, granting approvals can expose assets to immediate theft. “This same swapper is known to have had issues with Zora claims on Base,” the researcher wrote, linking to past cases where the setup enabled malicious actors to extract funds without exploiting code vulnerabilities. Read more -
Cointelegraph.com - 09:27 Aug 14, 2025
Bitcoin technical indicators are starting to show some signs of BTC price overheating, but onchain data suggests otherwise. Key takeaways: Bitcoin hit a new all-time high of $124,450 on Thursday, and signs of overheating are starting to appear. Several technical indicators suggest a potential top at $124,000. Read more -
Cointelegraph.com - 09:21 Aug 14, 2025
Spot Ether ETFs printed the second-largest daily inflows on record at $729 million on Wednesday, following the record $1.02 billion that poured into ETH funds on Monday. US spot Ether exchange-traded funds (ETFs) printed the second-largest daily inflows on record as the cryptocurrency approached all-time high prices. Ether (ETH) funds saw $729 million of inflows on Wednesday as ETH surged past $4,700 for the first time since November 2021, according to data from SoSoValue. It was the second-largest daily inflow into spot Ether ETFs, following the record $1.02 billion poured into ETH funds on Monday. Read more -
Cointelegraph.com - 09:14 Aug 14, 2025
Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of optimism among investors. Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global asset. “Bitcoin all-time high and it’s only Wednesday,” said Gemini co-founder Tyler Winklevoss in an X post, triggering a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted that this would be the “best week for Bitcoin.” Read more -
Cointelegraph.com - 21:51 Aug 13, 2025
Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry. Khurram Dara, a former policy counsel at cryptocurrency exchange Coinbase, is considering a run for New York State Attorney General in 2026, aiming to replace Letitia James. In comments to Cointelegraph, Dara said he had not yet decided whether to run for the state’s law enforcement office, but hinted that digital assets could play a role in his campaign if he chooses to do so. With more than a year until the election, the Columbia Law School graduate has already posted to social media in support of Tornado Cash co-founder Roman Storm, found guilty in New York’s federal court in August, and gone after figures like Massachusetts Senator Elizabeth Warren, who has often connected crypto with illegal activities. Read more -
Cointelegraph.com - 21:31 Aug 13, 2025
Bitcoin set another all-time high at $123,231 after US Consumer Price Index data showed July inflation was unchanged month-on-month and up 2.7% year-on-year. Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June and below the forecast 2.8%. The data showed overall CPI increasing 0.2% versus a 0.3% increase in June. Following the report’s release, the CME FedWatch tool showed the market odds of an interest rate cut at the Federal Reserve’s September meeting rising to 93.9%. Read more -
Cointelegraph.com - 21:25 Aug 13, 2025
The network is facing competition from next-generation layer-1 blockchains and layer-2 networks from within its own ecosystem. The Ethereum transaction count is rising amid Ether’s (ETH) push toward the $5,000 milestone. However, increased competition is eating into network revenue and user mindshare. Ethereum’s daily average transaction count is hovering near all-time highs, at over 1.7 million transactions recorded on Tuesday, according to Nansen. For comparison, Ethereum layer-2 networks, Arbitrum and Base, recorded over 3.4 million transactions and 8.6 million transactions, respectively, and Aptos, a competing layer-1 blockchain, hosted 3.8 million transactions on Monday, according to The Tie. Read more -
Cointelegraph.com - 21:01 Aug 13, 2025
Google Play’s updated policy, effective Oct. 29, will require crypto wallet apps to meet specific licensing rules in certain countries. Update (Aug. 13, 9:33 pm UTC): This article has been updated to clarify that Google's upcoming requirements will not apply to non-custodial wallets. Google Play will require crypto wallet providers in over 15 jurisdictions, including the United States and the European Union, to be licensed and comply with “industry standards” under an updated policy. The revision does not affect non-custodial wallets. According to Google Play’s policy notice, the changes take effect Oct. 29. Developers in the US will need to register with local regulators as either a money services business or money transmitter. Those in the EU must register as a crypto-asset service provider (CASP). Read more
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