Cointelegraph.com
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Cointelegraph.com - 22:14 May 17, 2025
The blockchain sector has matured and now requires physical communication infrastructure, according to DoubleZero co-founder Austin Federa. Public internet infrastructure is the critical speed and performance constraint on high-throughput blockchain networks, according to Austin Federa, co-founder and CEO of DoubleZero, a project developing high-speed fiber optic communication rails for blockchains. "The downside of the public internet is it was never built for high-performance systems. It was always built for this sort of relationship of one big server talking to one little server," Federa told Cointelegraph in an interview at Consensus 2025. The executive explained: The executive added that the constraint posed by public internet infrastructure is now the limiting factor in blockchain performance and not compute power or software development. Read more -
Cointelegraph.com - 20:55 May 17, 2025
Arthur Hayes predicts Bitcoin could reach $1 million by 2028, an analyst says altcoins “powerful rally” looms: Hodler’s Digest Bitcoin has two strong tailwinds that will help propel it to seven digits in a few years, according to former BitMEX CEO Arthur Hayes. For Hayes, shifting capital controls worldwide and US Treasury devaluation means that Bitcoin will become the go-to safety net for investors everywhere. He summarized: Read more -
Cointelegraph.com - 20:40 May 17, 2025
Rising debt and no concrete plans to reduce government spending are the primary drivers behind the reduced credit assessment for the US. Moody's credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness. According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, leading to a growing national debt. The rating agency wrote: The credit downgrade is only one degree out of the 21-notch rating scale used by the company to assess the credit health of an entity. Read more -
Cointelegraph.com - 18:05 May 17, 2025
Unsustainable costs and opaque pricing have created a major pain point for large financial institutions, Michael James told Cointelegraph. Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle network — told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities. In an interview at Consensus 2025, the executive said that Pyth Network's data pull model sets it apart from traditional pricing oracles, allowing customers to pay for data on demand, reducing costs for institutions reliant on real-time market data. According to the executive, the financial data industry is currently monopolized by around eight major providers that continually raise prices on clients arbitrarily. James added: Read more -
Cointelegraph.com - 15:21 May 17, 2025
There are few places on Earth as Bitcoin-friendly as the scenic Garden Route in South Africa, where Bitcoin circular economies have blossomed. South Africa’s Garden Route, famed for its lush forests, expansive beaches and charming towns, has become a testbed for Bitcoin adoption. From Mossel Bay to Witsand and Plettenberg Bay to Knysna, Bitcoin has become popular among shop owners and travelers alike for a multitude of reasons. “We’re seeing the early signs of a parallel, permissionless economy emerging across an entire region,” James Caw, founder of SimplB — a local crypto asset provider — told Cointelegraph, “where small businesses benefit from faster, lower-cost digital payments and where people have more options to earn, send and receive sound money securely.” Read more -
Cointelegraph.com - 15:00 May 17, 2025
Fintechs’ reliance on legacy financial infrastructure keeps them slow, costly and inflexible. It’s time to flip the script with a DeFi mullet. This way, companies can deliver more transparent financial services. Opinion by: Merlin Egalite, co-founder at Morpho Labs Fintechs in the front, decentralized finance (DeFi) in the back: the DeFi Mullet. Today’s fintech companies offer excellent user experiences but are constrained by traditional financial infrastructure — siloed, slow, expensive and inflexible. Meanwhile, DeFi provides lightning-fast, cost-effective, interoperable infrastructure but lacks mainstream accessibility. Read more -
Cointelegraph.com - 12:09 May 17, 2025
Scott Melker says a $250K Bitcoin price in 2025 is “totally possible,” citing institutional adoption and declining volatility as key drivers. Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to Scott Melker, a crypto analyst and host of The Wolf of All Streets podcast. Speaking in a recent interview, Melker cited growing institutional interest and diminishing volatility as key factors that could drive the next leg up. “250K this year, totally possible,” Melker said, adding that Bitcoin (BTC)’s volatility has declined significantly in recent years. Read more -
Cointelegraph.com - 09:12 May 17, 2025
Everstake met with the SEC’s Crypto Task Force to argue that non-custodial staking is a technical process, not a securities transaction. The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks. The meeting, which also involved the SEC’s Crypto Task Force, comes at a time when over $193 billion in digital assets are staked across major proof-of-stake (PoS) networks. However, despite the massive scale of participation, staking remains in a legal gray zone in the US as regulators wrestle with its classification under existing securities law. Read more -
Cointelegraph.com - 07:03 May 17, 2025
Authorities in New Zealand arrested 13 people in a $265 million crypto fraud probe, with one Wellington man indicted under US racketeering laws. A man from Wellington, the capital city of New Zealand, has been arrested in connection with an FBI-led investigation into a global cryptocurrency fraud operation that allegedly stole $450 million New Zealand dollars ($265 million). According to New Zealand Police, the man is one of 13 individuals charged after authorities executed search warrants across Auckland, Wellington, and California over the past three days. The charges stem from allegations that members of an organized criminal group manipulated seven victims to obtain large amounts of cryptocurrency, which was then laundered through multiple platforms between March and August 2024. Read more -
Cointelegraph.com - 05:14 May 17, 2025
The mayor of Panama City seemingly advocated for a city-level Bitcoin reserve in a mysterious post after meeting two of El Salvador’s Bitcoin policy leaders this week. Panama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador’s Bitcoin policy leaders. “Bitcoin Reserve,” Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert. While Mizrachi didn’t share details about his discussions with Keiser and Herbert, the timing of the post came 11 days before the Bitcoin 2025 conference in Las Vegas, where Mizrachi is scheduled to speak. Read more -
Cointelegraph.com - 02:27 May 17, 2025
Paraguayan law enforcement has deported three undocumented immigrants from China after they were caught breaking into a crypto mining facility attempting to steal machines. Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam. According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado, leading to their arrest. Prosecutors believe the men may have had ties to Teratech as independent contractors, but are still waiting on official confirmation from the company’s CEO. Read more -
Cointelegraph.com - 00:57 May 17, 2025
Bitcoin price consolidation after a powerful double-digit rally is normal. Will the current bull flag confirm and send BTC to new highs? Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum. Read more -
Cointelegraph.com - 00:09 May 17, 2025
French law enforcement will offer crypto entrepreneurs and their families a police emergency line and conduct house visits to ensure their safety amid a recent spate of attacks. Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported. According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed. France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks. Read more -
Cointelegraph.com - 22:30 May 16, 2025
Though pitched as improving financial accessibility, data shows that RWA's current ownership remains concentrated among high net worth participants. Tokenization could open new opportunities for retail investors to access traditionally restricted asset classes, according to Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, who called it “very important for financial inclusion.” Speaking at the Consensus 2025 event in Toronto, Kerbrat said that some real-world assets, such as real estate and private equity, are available only to up to 10% of the US population. “You need to be an accredited investor to invest in private equity right now,” he said. “How many people can afford a house or an apartment in New York?” he elaborated. “But you can get a piece of it with fractionalization, through tokenization. And so we think it makes it a lot easier to be exchanged, a lot more accessible for everybody.” Read more -
Cointelegraph.com - 21:40 May 16, 2025
The Interplanetary File System (IPFS) reduces latency for data transmissions in space. The Filecoin Foundation and Lockheed Martin Space have successfully transmitted data in space using a version of the InterPlanetary File System (IPFS) on a satellite orbiting Earth, Marta Belcher, president of the Filecoin Foundation, told Cointelegraph. Filecoin and Lockheed Martin adapted the system for use in space and successfully tested it, Belcher said during the Consensus 2025 conference in Toronto. The IPFS enhances privacy and security compared to traditional web protocols, such as HTTP, by identifying data based on its content rather than its location. This has additional benefits for data transmission in space, Belcher said. Read more -
Cointelegraph.com - 21:03 May 16, 2025
Details associated with Sequoia Capital partner Roelof Botha’s Coinbase account were reportedly compromised in an attack affecting “less than 1%” of the exchange’s monthly users. At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Botha’s personal information available through his Coinbase account was stolen after a group of cybercriminals bribed the exchange’s support agents for access to user data. Though Botha had not publicly disclosed his net worth, estimates suggested he had hundreds of millions of dollars in assets. Coinbase disclosed the data breach in a May 15 blog post, saying that some of its users had been targeted with social engineering attacks after the criminals had access to their personal account information. The company said the group attempted to extort $20 mil... -
Cointelegraph.com - 20:35 May 16, 2025
The SolvBTC.AVAX token generates yield through a multi-protocol strategy that involves Elixir, Euler and Re7. Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs. On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane. The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said. Read more -
Cointelegraph.com - 20:15 May 16, 2025
Several altcoins are in the process of double and triple-digit rallies as US money supply expansion and data from the TOTAL3 index point to the early stages of an altseason. Key takeaways: The total altcoin market cap (excluding ETH) gained $126 billion in Q2, fueling speculation of an altseason. The altcoin market cap, excluding Ether (ETH), has added $126 billion in Q2, sparking enthusiasm from analysts who have been waiting for an altseason. Crypto analyst Javon Marks noted a breakout that could rival the explosive 2017 bull run. Read more -
Cointelegraph.com - 19:40 May 16, 2025
The company had a weak Q1 2025, suffering a loss of $295 in net income according to company investor reports. Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported. The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut. Trading began on the same day Galaxy disclosed that it is working with the US Securities and Exchange Commission (SEC) to tokenize its shares. According to Bloomberg, the tokens representing Galaxy Digital’s shares could be used in decentralized finance applications, like borrowing or lending. Read more -
Cointelegraph.com - 19:14 May 16, 2025
Bitcoin margin longs dropped, but options and ETF flows point to strong bullish sentiment from professional investors. Key takeaways: Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days. $6.8 billion in long positions far outweight the current $25 million in shorts. Read more
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