Cointelegraph.com
Source:
https://cointelegraph.com
Found 9926 news
-
Cointelegraph.com - 11:05 May 29, 2025
India’s central bank is scaling up its digital rupee pilots with new features like programmability and offline payments, aiming for broader financial inclusion. The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and features for both its retail and wholesale central bank digital currencies (CBDCs), according to the central bank’s Annual Report for 2024–25. The central bank said it aims to explore programmability and offline capabilities for the digital rupee, features that may increase its applicability in areas with limited internet access and tailor payments for specific use cases such as government subsidies or corporate spending controls. Currently, both versions of the CBDC are undergoing pilot testing. The retail CBDC pilot is being conducted with select customers and merchants through participating banks, while the wholesale pilot is targeting use in the interbank market. Read more -
Cointelegraph.com - 01:56 May 29, 2025
Nvidia shares have jumped nearly 5% after-hours after the chipmaker’s Q1 results beat estimates on revenue but fell short on earnings. Chip-making giant Nvidia has posted mixed results in its first quarter earnings, beating Wall Street expectations on revenue but missing predictions on its income amid US restrictions on its exports to China. In earnings released May 28 for its first quarter of the 2026 fiscal year ended April 27, Nvidia reported revenues of $44.1 billion, up 12% from its previous quarter and 69% from a year ago and beating Zacks analyst estimates of $42.91 billion by nearly 2.7%. However, the chip maker posted an earnings per share of 81 cents, missing analyst estimates of 85 cents per share. Nvidia recorded a net income of $18.8 billion, up 26% compared to a year ago. Read more -
Cointelegraph.com - 00:46 May 29, 2025
A Manhattan federal court has frozen $57 million worth of USDC allegedly tied to the controversial Libra memecoin. A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to a temporary freeze. “Yesterday, a federal court in SDNY [Southern District of New York] entered a Temporary Restraining Order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at Circle,“ Burwick told Cointelegraph. Read more -
Cointelegraph.com - 23:20 May 28, 2025
Solana technical charts and futures data point to a potential rally to $300. Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Read more -
Cointelegraph.com - 22:20 May 28, 2025
Call options outweigh puts in ETH’s $2.8 billion options expiry. Will Ethereum rally back to $2,700? Key takeaways: 97% of ETH put options will expire worthless if ETH holds above $2,600. A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains. Read more -
Cointelegraph.com - 21:49 May 28, 2025
According to Labor Secretary Chavez-DeRemer, this move returns investment decisions to fiduciaries instead of bureaucrats. The US Labor Department has officially rescinded guidance issued during the Biden administration that limited the inclusion of cryptocurrency in 401(k) retirement plans. On May 28, the Labor Department revoked a 2022 guidance that had urged fiduciaries to be “extremely cautious” when considering cryptocurrency for 401(k) retirement plans. The move could give asset managers more flexibility to include digital assets in retirement investment options. The government agency removed the guidance asserting that it represented a departure from the department’s “historically neutral, principled-based approach to fiduciary investment decisions.” Read more -
Cointelegraph.com - 21:22 May 28, 2025
A unique Bitcoin price model forecasts a $220,000 to $330,000 peak before the end of 2025. Key takeaways: Bitcoin researcher Sminston With says BTC could gain 100% to 200%, with a cycle peak between $220,000 to $330,000. Bitcoin continues to exhibit strong cyclical volatility, contradicting the belief that its price swings are softening over time. Read more -
Cointelegraph.com - 20:57 May 28, 2025
The move represents a significant shift from the Pakistani government's earlier position that cryptocurrencies would never be legalized. Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience: The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country. Read more -
Cointelegraph.com - 20:53 May 28, 2025
Shares of GameStop and Trump Media and Technology Group tumbled on May 28 as investors reacted to both companies’ newly announced Bitcoin purchases. Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 million on May 28. GameStop confirmed plans to create a BTC treasury strategy on March 26, following months of investor speculation and rumors that it would begin accumulating the cryptocurrency. Read more -
Cointelegraph.com - 20:05 May 28, 2025
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount? Key point: Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in. Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher. Read more -
Cointelegraph.com - 18:56 May 28, 2025
Speaking at the Bitcoin 2025 conference, US Vice President JD Vance called crypto enthusiasts to remain politically active. United States Vice President JD Vance took the stage to deliver a keynote address at the Bitcoin 2025 conference in Las Vegas, Nevada, encouraging Bitcoiners to deepen their involvement in politics. Vance highlighted the strategic and geopolitical importance of Bitcoin, emphasizing that the US should maintain leadership in the crypto industry to remain competitive in the age of digital finance. Vance told the audience: “Don’t ignore politics because I guarantee you, my friends, politics is not going to ignore this community, not now, and not in the future,” the vice president continued. Read more -
Cointelegraph.com - 17:52 May 28, 2025
Backed by rising use cases and institutional interest, stablecoin companies are attracting investors in 2025. Conduit, a cross-border payments company based in Boston, has raised $36 million in a Series A funding round led by Dragonfly and Altos Ventures. The capital will go to scale its payment system and expand currency offerings across fiat and stablecoins. Conduit markets its payment system as an alternative to the messaging network SWIFT, or Society for Worldwide Interbank Financial Telecommunications. Banks have relied on the SWIFT protocol to process wire transfers since the 1970s. Conduit claims its platform offers a modern alternative, enabling near real-time cross-border settlements by combining stablecoins with local fiat currencies through crypto infrastructure. Read more -
Cointelegraph.com - 17:29 May 28, 2025
Asset managers BlackRock and ARK Invest have indicated interest in acquiring over $150 million in Circle’s shares BlackRock is reportedly planning to take a significant stake in Circle’s upcoming initial public offering (IPO). According to a May 28 Bloomberg report citing anonymous sources, BlackRock is looking to purchase roughly 10% of the offering. Circle, the issuer of the USDC stablecoin, is aiming to raise $624 million in its initial public offering Cathie Wood’s Ark Investment Management is also interested in buying $150 million worth of shares in the offering, the report said. Read more -
Cointelegraph.com - 16:35 May 28, 2025
A major Coinbase breach occurred in 2025 with insiders involved. Coinbase responded differently and the extortion failed. Coinbase, America’s largest cryptocurrency exchange, received an unsolicited email from an unknown threat actor on May 11, 2025. They claimed to possess sensitive information about its customers and demanded a ransom of $20 million. Before examining the breach, it is interesting to understand how it happened at a public company that spends millions monthly on cybersecurity. In February, blockchain investigator ZachXBT reported increased thefts involving Coinbase users. He blamed aggressive risk models and pointed out Coinbase’s failure to prevent $300 million in yearly losses from social engineering scams. Read more -
Cointelegraph.com - 16:02 May 28, 2025
Smart contract hacks and other cybersecurity exploits continue to be a significant issue for crypto and Web3 firms in 2025. Cork Protocol, a decentralized finance (DeFi) platform, was hit by a smart contract exploit on May 28, resulting in the loss of roughly $12 million in digital assets. Cybersecurity firm Cyvers said the hack occurred at 11:23:19 UTC and was funded by an address ending in “762B.” According to the firm, the attacker used the exploit to steal roughly 3,761 Wrapped Staked Ether (wstETH), which was converted to Ether (ETH) almost immediately after the attack. “We are investigating a potential exploit on Cork Protocol and are pausing all contracts. We will report back with more information,” Cork Protocol co-founder Phil Fogel wrote on X. Read more -
Cointelegraph.com - 15:05 May 28, 2025
Bitcoin eyes fresh multiday lows with risk assets suffering from a lack of volatility catalysts and fading hopes of a Fed rate cut before September. Key points: Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September. Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says. Read more -
Cointelegraph.com - 15:00 May 28, 2025
Katana launched its private mainnet with support from GSR and Polygon Labs, aiming to solve liquidity fragmentation in DeFi. The Katana Foundation, a nonprofit focused on decentralized finance (DeFi) development, is launching its private mainnet, aiming to unlock greater crypto asset productivity via deeper liquidity and higher yields for users. The Katana Foundation launched a DeFi-optimized, private blockchain, Katana, on May 28, incubated by GSR Markets and Polygon Labs, with the public mainnet launch set for June. The new blockchain will enable users to earn higher yields and explore DeFi in a “unique, optimized yield environment” that unlocks latent value through an ecosystem that makes every digital asset “work harder,” according to an announcement shared with Cointelegraph. Read more -
Cointelegraph.com - 15:00 May 28, 2025
As Bitcoin aims to go mainstream, the crypto industry’s blind spot in terms of physical infrastructure is holding it back. Neglecting real-world access points risks leaving millions behind. Opinion by: Scott Buchanan, chief operating officer of Bitcoin Depot A new proposal to install Bitcoin ATMs in federal buildings highlights an important question: Can crypto truly go mainstream without a stronger physical presence? For years, the industry has focused on software and decentralization, but its reluctance to invest in real-world infrastructure is starting to show. Without physical access points, crypto risks becoming an exclusive, insiders-only system, rather than the open alternative it sets out to be. Everyone loves to talk about decentralization. There’s a good reason behind this. It defines the movement, shapes the technology, and supports the vision of a better financial system. While the industry focuses on code and algorithms, it lacks something basic. A decentralized system that exists only online is ... -
Cointelegraph.com - 14:30 May 28, 2025
Your guide to moving to Portugal as a crypto digital nomad — and why 0% crypto gains tax and an amazing lifestyle makes it a great option. New York-based pre-seed crypto venture firm manager Catrina Wang missed her flight home from a conference in Portugal back in 2022 and ended up loving the country so much she has since moved there permanently. Forced to find a hotel at the last minute, her stay in the beautiful forested area of Sintra made the Canadian-born Wang rethink living in the United States. I was like Wow, Im coming back and I bought a place at the end of 2023, she says. Wang now lives in beachfront Cascais on the outskirts of Lisbon. A general partner at Portal Ventures which manages $120 million in assets across two crypto funds, Wang says theres a growing expat community of crypto founders and VCs, many of whom shoot the breeze in a group chat she curates. There’s been almost a mini exodus of crypto people. A lot of fund managers and successful founders [went] from New York to Lisbon, that’s b... -
Cointelegraph.com - 14:15 May 28, 2025
Seniors are increasingly targeted by crypto scams. Discover key safety tips to help loved ones stay secure in the digital currency world. Scammers prey on seniors because they view them as financially secure, trusting and less familiar with rapidly evolving technology. Let’s understand why seniors are key targets. Read more
9926 items