Cointelegraph.com
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Cointelegraph.com - 21:10 May 14, 2025
The miner has been investing in pivoting to high-performance computing and expanding its US presence. Bitfarms clocked a first-quarter net loss of $36 million, widening from a $6 million loss in the same period a year earlier, as the Bitcoin miner pivots from mining to high-performance computing for artificial intelligence applications. The miner posted $67 million in sales for the quarter ended March 31, up 33% from the year prior. However, gross profit margin for Bitfarm’s mining operations declined to 43% from 63% year-over-year, the company said in its first quarter earnings release. The lower margins reflect pressure from Bitcoin’s (BTC) April 2024 “halving” as well as volatility in Bitcoin’s price. Halvings occur every four years and cut the number of BTC mined per block in half, reducing Bitcoin miners’ profitability. Read more -
Cointelegraph.com - 20:45 May 14, 2025
Adrienne Harris says the financial services regulator she runs takes a “tough but fair" approach to digital asset companies. Adrienne Harris, the head of the New York State Department of Financial Services (NYDFS), said New York has an “outsized role to play” in the crypto ecosystem, particularly in shaping regulatory frameworks for digital assets. During a panel on May 14 at Consensus 2025 in Toronto, she said the NY estate is frequently asked to provide guidance on regulators. “With respect to federal regulation and legislation [...] members of Congress are often coming to us [NYDFS] asking about our process, about our regulations, about guidance, how they should be thinking about legislation,” Harris said. According to Harris, the NYDFS was “unnecessarily tough” and lacked resources in the past. Now, under her purview, she said the NYDFS is “tough but fair,” noting that the digital currency oversight team has since doubled in size. Read more -
Cointelegraph.com - 20:22 May 14, 2025
Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act "hopefully tomorrow" after it initially failed on May 8. Crypto founders headed to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong. In a May 14 X post from the US Capitol rotunda, Armstrong said as many as “60 [crypto] founders” had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives. The Coinbase CEO said the Senate could consider another vote on the GENIUS Act “hopefully tomorrow” after it failed to get enough support from Democrats on May 8. Read more -
Cointelegraph.com - 18:55 May 14, 2025
The new exchange traded fund aims to offer exposure to an array of crypto stocks and financial instruments. VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release. The NODE ETF will also “consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials,” VanEck said. Read more -
Cointelegraph.com - 18:30 May 14, 2025
Altcoin season carries on as Bitcoin price consolidates throughout the week. Key points: Bitcoin remains above $100,000, but buyers are struggling to sustain prices above $105,000. Strong altcoin performances suggest an altseason has started. Read more -
Cointelegraph.com - 17:37 May 14, 2025
Some vanished into the ocean, others into thin air. A few weren’t even dead. Zerebro developer Jeffy Yu has been found alive at his parents’ home in San Francisco, days after faking his suicide on a livestream that launched a supposed posthumous memecoin past $100 million. Yu’s case isn’t the first time crypto has blurred the line between real death, faked death and something in between. From missing founders to sealed caskets, the industry has a long history of exits that left behind more questions than closure. Read more -
Cointelegraph.com - 17:31 May 14, 2025
Steady capital inflows and bullish technical data point to Bitcoin hitting new highs before the end of May. Key Takeaways: Bitcoin’s realized cap has grown by $30 billion since April 20, reflecting steady investor confidence and new capital inflows. A Bitcoin price consolidation pattern forecasts a potential 10% breakout by next week. Read more -
Cointelegraph.com - 17:28 May 14, 2025
Canada categorized stablecoins as securities and/or derivatives in December 2022, a month after the collapse of cryptocurrency exchange FTX. Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said Canada “got it wrong” categorizing stablecoins as securities in 2022, and the country needs to realize that every other regulatory regime is looking at stablecoins as payment instruments. Rasul made the remarks during a panel on May 13 at the Blockchain Futurist Conference in Toronto, pointing to Europe's crypto regulatory framework as a model for Canada to consider: The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022, following “recent events in the crypto market,” such as the dramatic collapse of crypto exchange FTX just a month before. Read more -
Cointelegraph.com - 17:10 May 14, 2025
XRP price technical breakouts support a strong bullish continuation toward $3.69 in the short term and $17 in the long term. Key takeaways: XRP has surged 65% in a month, with technicals pointing to another 45% rally. Liquidation heatmap shows $2.68 as key resistance; a breakout could drive price toward $2.87 Read more -
Cointelegraph.com - 15:54 May 14, 2025
Bitcoin is likely consolidating before its next upward push, traders agree, while the macro picture looks tricky for risk assets as the Fed stays hawkish. Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Read more -
Cointelegraph.com - 15:19 May 14, 2025
Summer Mersinger is expected to leave the commission three years before her term ends to lead the Blockchain Association. Update (May 14 at 6:58 pm UTC): This article has been updated to include comments from the Blockchain Association. Summer Mersinger, one of four commissioners currently serving at the US financial regulatory body Commodity Futures Trading Commission (CFTC), will become the next CEO of the digital asset advocacy group the Blockchain Association (BA). In a May 14 notice, the Blockchain Association said its current CEO, Kristin Smith, would step down for Mersinger on May 16, allowing an interim head of the group to work until the CFTC commissioner assumes the role on June 2. Though her term at the CFTC was expected to last until April 2028, the BA said Mersinger is set to leave the agency on May 30. Read more -
Cointelegraph.com - 15:00 May 14, 2025
DeFi can disrupt traditional equity markets by addressing systemic barriers in pricing, execution and settlement. Decentralized Finance can democratize access and close the wealth gap. Opinion by: Mike Cahill, co-founder and CEO of Douro Labs Despite the institutional frenzy around crypto and the ubiquitous narrative of democratized access to investing, most of the world population is still barred from traditional wealth-building. Take the US, for example — here, the top 10% of earners own more than 90% of all stocks. On a global scale, it gets even worse: Billions of individuals don’t have the financial literacy, digital tools or minimum funds required to even access the most basic investment opportunities. Read more -
Cointelegraph.com - 14:30 May 14, 2025
Sky Wee, an influencer with 4M followers, worries about Bitcoin’s future: “The real risk isn’t institutions buying, it’s retail not buying.” As Bitcoins price surges back into headlines, fueled by TradFi institutions and corporations gobbling up all the supply, so too have fears increased among decentralization purists. Is this validation of Bitcoins long-term value or the beginning of its co-option by the very forces it was created to resist? Its an important distinction. Institutional adoption may appear to popularize Bitcoin, but top Asian influencer Sky Wee argues its the opposite; he is firmly encamped in the Bitcoin evangelist camp. With more than 4 million followers across TikTok, Instagram, YouTube and Facebook and as an Official Binance Influencer and Lead Ambassador for a 500-strong network of Key Opinion Leaders (KOLs), Wee has become a critical bridge between East and West, driving global adoption and strategic collaboration in the Web3 space. Bitcoin was always meant to be a hedge against the tra... -
Cointelegraph.com - 14:28 May 14, 2025
France’s interior minister will reportedly meet with crypto professionals to address rising security concerns after a failed kidnapping targeted the family of Paymium CEO Pierre Noizat. The French interior minister reportedly plans to meet cryptocurrency professionals in the aftermath of a violent kidnapping attempt on the family of a crypto exchange executive in Paris. According to a May 14 France24 report, Interior Minister Bruno Retailleau has invited crypto professionals to meet him after a brazen attempt to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto exchange Paymium. ”I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security,” Retailleau reportedly told the Europe 1/CNews broadcaster. On May 13, three masked men attacked Noizat’s daughter while she was walking in Paris’ 11th district with a man and her son. The attackers tried to force Noizat’s daughter and ... -
Cointelegraph.com - 13:38 May 14, 2025
Ethereum's crypto market dominance has reached its most overheated levels since May 2021, which may lead to a sharp pullback in ETH prices. Key takeaways: Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks. ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction. Read more -
Cointelegraph.com - 13:30 May 14, 2025
While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in South Korea. South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Read more -
Cointelegraph.com - 12:18 May 14, 2025
OORT's AI image data set reached Kaggle’s front page in multiple categories, highlighting increasing demand for high-quality, community-sourced training data. An artificial intelligence training image data set developed by decentralized AI solution provider OORT has seen considerable success on Google’s platform Kaggle. OORT’s Diverse Tools Kaggle data set listing was released in early April; since then, it has climbed to the first page in multiple categories. Kaggle is a Google-owned online platform for data science and machine learning competitions, learning and collaboration. Ramkumar Subramaniam, core contributor at crypto AI project OpenLedger, told Cointelegraph that “a front-page Kaggle ranking is a strong social signal, indicating that the data set is engaging the right communities of data scientists, machine learning engineers and practitioners.“ Read more -
Cointelegraph.com - 11:52 May 14, 2025
“Bitcoin still needs to mature before decoupling from stock markets,” but presents significant benefits as a portfolio diversifier, according to the co-founder of Redstone Oracles. Bitcoin’s fluctuating correlation with US equities is raising questions about its role as a global safe-haven asset during periods of financial stress. Bitcoin (BTC) exhibited a strong negative correlation with the US stock market when analyzing the short-term, seven-day trailing correlation, according to new research from blockchain data provider RedStone Oracles, shared exclusively with Cointelegraph. However, RedStone said that the 30-day indicator signals a “variable correlation” between Bitcoin price and the S&P 500 index, with the correlation coefficient ranging from -0.2 to 0.4. Read more -
Cointelegraph.com - 11:39 May 14, 2025
Scam crypto investment platforms are everywhere, and spotting them isn’t as complicated as you may think. Fake crypto investment platforms give themselves away in a few obvious ways. Many use fake reviews, incorrect contact information and unrealistic promises to lure you in. The best approach is a healthy dose of skepticism. Watching for these red flags will keep you safe while investing. Read more -
Cointelegraph.com - 10:58 May 14, 2025
Strategy co-founder Michael Saylor told the Financial Times in a new documentary that his company is well-positioned to become a $10 trillion enterprise one day. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, may become the top publicly traded equity one day, according to a Strategy analyst. Strategy will be the “number one publicly traded equity in the entire market” because of its future financial strength enabled with Bitcoin (BTC), Strategy analyst Jeff Walton predicted in the new Financial Times documentary, Michael Saylor’s $40 billion Bitcoin bet. The company currently holds about 568,840 Bitcoin, worth roughly $59 billion, and Walton said that advantage could push it past all other publicly listed firms in the future. Read more
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