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  • India’s Supreme Court urges government to regulate cryptocurrency
    Cointelegraph.com - 12:18 May 20, 2025
    India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use of Bitcoin (BTC) and other cryptocurrencies, which remain largely unregulated. “This is a whole parallel economy running with such coins, and it is a danger to the economy of the country,” Justice Surya Kant reportedly said during a recent hearing related to an ongoing investigation into a Bitcoin transaction. Read more
  • Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse
    Cointelegraph.com - 11:12 May 20, 2025
    Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud. Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect blame for its own failure. Filed on May 16 in the Delaware Bankruptcy Court, Binance’s legal team called the suit “legally deficient,” stating that FTX’s collapse was not triggered by market manipulation or hostile action but by internal misconduct. “Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, pointing to Sam “SBF” Bankman-Fried’s conviction on seven counts of fraud and conspiracy. Read more
    Tags: Binance
  • Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom
    Cointelegraph.com - 10:45 May 20, 2025
    Maelstrom has awarded Bitcoin developer Ben Allen a $100,000 grant to improve Payjoin, a privacy-focused transaction method that could boost Bitcoin scalability. Bitcoin developer Ben Allen has received a $100,000 grant from investment firm Maelstrom to support the development of Payjoin, a privacy-focused tool aimed at improving Bitcoin’s scalability and privacy. According to a May 20 announcement shared with Cointelegraph, Maelstrom will finance Allen’s work on his Payjoin devkit alongside Dan Gould. The system allows Bitcoin (BTC) senders and receivers to use batched transactions, with positive implications for scalability and privacy. Payjoin was first proposed by Nicolas Dorier in 2019 in Bitcoin improvement proposal (BIP) 78. The core principle behind the system is that both senders and receivers may contribute inputs to a transaction. Read more
  • Bitcoin is signaling a golden cross — What does it mean for BTC price?
    Cointelegraph.com - 10:15 May 20, 2025
    Most recent Bitcoin golden crosses have triggered major rallies, though not without notable failures like the February 2020 bull trap. Key takeaways: Bitcoin is nearing a golden cross that has led to 45%–60% price rallies in the recent past. Fundamentals like rising M2 supply and easing trade tensions support a bullish outlook. Read more
    Tags: Bitcoin
  • Coinbase data leak could put users in physical danger: TechCrunch founder
    Cointelegraph.com - 10:02 May 20, 2025
    The leaked home addresses of Coinbase users raise significant concerns amid increasing crypto-related crimes in 2025. A recent data breach at crypto exchange Coinbase has raised concerns about user safety after hackers gained access to sensitive information, including home addresses. Coinbase, the world’s third-largest cryptocurrency exchange, confirmed that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in reimbursement expenses, Cointelegraph reported on May 15. However, the “human cost” of this data breach may be much higher for users, according to Michael Arrington, the founder of TechCrunch and Arrington Capital. Read more
  • South Korean presidential front-runner proposes won-based stablecoin
    Cointelegraph.com - 09:25 May 20, 2025
    South Korea's presidential candidate Lee Jae-myung backed a won-backed stablecoin to curb capital flight. South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty. Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wealth domestically while reducing reliance on foreign-issued digital assets like USDt (USDT) and USDC (USDC), according to The Korea Herald. Currently, South Korean law prohibits the issuance of domestic stablecoins, forcing local exchanges to rely on US dollar-based alternatives. Read more
  • How $330M was stolen without hacking: The dark power of social engineering
    Cointelegraph.com - 08:05 May 20, 2025
    $330 million in crypto was stolen from an elderly US citizen using social engineering. The tactic has emerged as a severe threat to regular crypto users. A major crypto theft has sent shockwaves through the industry, with $330 million worth of Bitcoin (BTC) stolen. Experts say this was a social engineering attack and not a technical hack.  Investigations led by blockchain analyst ZachXBT suggest the victim was an elderly US citizen who was manipulated into granting access to their crypto wallet. On April 28, 2025, ZachXBT detected a suspicious transfer of 3,520 BTC, worth $330.7 million.  Read more
  • Genesis files dual lawsuits to claw back $3.3B from DCG, Barry Silbert
    Cointelegraph.com - 08:02 May 20, 2025
    Genesis is seeking over $3.3 billion from DCG, Barry Silbert and affiliates in two lawsuits alleging fraud, insider enrichment and concealed transfers. Update May 20, 11:20 am UTC: This article has been updated with comments from DCG. Genesis has launched a pair of lawsuits against its parent company, Digital Currency Group (DCG), and its CEO, Barry Silbert, accusing them of fraud, reckless mismanagement and siphoning more than a billion dollars in value from the now-bankrupt crypto lender. On May 19, the Delaware Court of Chancery unsealed a complaint detailing how DCG allegedly used Genesis as a corporate ATM, draining funds through self-serving loans and concealed transfers while presenting a false image of financial health. Read more
  • JPMorgan boss says bank users can soon buy Bitcoin
    Cointelegraph.com - 01:55 May 20, 2025
    JPMorgan CEO Jamie Dimon said he will allow his bank's customers to buy Bitcoin, but the bank will not custody it. Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency. “We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.” CNBC reported that Dimon also remarked on his long-held skepticism about crypto assets, pointing to their use in money laundering, sex trafficking and terrorism. Read more
  • US Senate moves forward with GENIUS stablecoin bill
    Cointelegraph.com - 01:38 May 20, 2025
    The US Senate voted 66-32 in a procedural vote to move forward the stablecoin-regulating GENIUS Act, which will head to a debate on the Senate floor. The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President Donald Trump’s sprawling crypto empire. A key procedural vote on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, passed in a 66-32 vote on May 20. Several Democrats changed their votes to pass the motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Read more
  • Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus
    Cointelegraph.com - 00:42 May 20, 2025
    Solana Labs spin-out Anza proposed a new Solana consensus protocol to replace TowerBFT and the proof-of-history system, aiming to bring Web2-level speed to the network. Anza, a Solana blockchain infrastructure firm spun out of Solana Labs, has proposed a new proof-of-stake consensus called Alpenglow that it claims would be “the biggest change to Solana’s core protocol” and compete with current internet infrastructure. “We believe that the release of Alpenglow will be a turning point for Solana. Alpenglow is not only a new consensus protocol, but the biggest change to Solana’s core protocol since, well, ever,” Anza’s Quentin Kniep, Kobi Sliwinski and Roger Wattenhofer said on May 19. Alpenglow consists of Votor, which processes voting transactions and block finalization logic, and Rotor, a data dissemination protocol that would replace Solana’s proof-of-history timestamping system and aim to reduce the time it takes for all nodes to agree on the network state. Read more
  • Bitcoin trading in six-figure territory shows BTC is ready to carry gold’s ‘baton’ — Fidelity exec
    Cointelegraph.com - 22:57 May 19, 2025
    Fidelity’s Jurrien Timmer says Bitcoin’s rally back to six-figure territory strengthens its store-of-value status, making it comparable to investing in gold. Key takeaways: Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role. Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty. Read more
  • Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week
    Cointelegraph.com - 21:45 May 19, 2025
    Onchain data shows Bitcoin accumulators picking up the pace as BTC price makes a run at new highs. Key takeaways: Bitcoin onchain and technical data suggest new all-time highs are imminent. Glassnode data shows most Bitcoin wallet cohorts accumulating BTC. Read more
    Tags: Bitcoin
  • DOJ is investigating Coinbase data breach— Report
    Cointelegraph.com - 21:32 May 19, 2025
    US officials are reportedly investigating a data breach that caused many social engineering attacks against Coinbase users and prompted a slew of lawsuits. The US Department of Justice is reportedly conducting a probe over Coinbase’s contracted customer service agents in India, who accepted bribes in exchange for allowing criminals access to user data. According to a May 19 Bloomberg report, DOJ investigators are looking into the data breach, which Coinbase disclosed to the public on May 15. The exchange reported that a group of customer support contractors — subsequently fired — “abused their access to [...] systems to steal the account data for a small subset of customers.” “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors,” said Coinbase’s chief legal officer, Paul Grewal, according to Bloomberg. Read more
    Tags: Coinbase
  • What to expect at Trump’s memecoin dinner
    Cointelegraph.com - 21:32 May 19, 2025
    A potential attendee of the May 22 event told Cointelegraph his purchase of TRUMP's memecoin was "not political." On May 22, US President Donald Trump is expected to host up to 220 people who had purchased the most significant quantities of his memecoin at a private event in Washington, DC. Though the exact number of attendees was unknown as of May 19, reports and blockchain data have revealed some of the tokenholders who qualified to apply for the May 22 dinner and “VIP tour” and reception, presumed to be in the White House. Bloomberg reported on May 7 that more than half of the 220 wallets were likely controlled by foreign nationals. Among the memecoin dinner applicants, who likely still face background checks ahead of getting a confirmed appearance before the president, included Synthetix founder Kain Warwick, a consultant named Vincent Deriu, and crypto user Morten Christensen, who reportedly only paid $1,200 for the opportunity. Read more
  • Circle plans IPO but talks with Ripple, Coinbase could lead to sale: Report
    Cointelegraph.com - 21:31 May 19, 2025
    Circle is reportedly seeking a sale price of at least $5 billion, which would be around the amount it’s targeting for its IPO. Circle, the issuer of stablecoin USDC (USDC), is still planning an initial public offering (IPO), but the company is also in informal talks with Ripple and Coinbase about a sale, according to a report from Fortune. Circle is seeking at least $5 billion, which is its target for the IPO, according to the four banking and private equity sources Fortune cited. Ripple tried to purchase Circle on April 30, but the $4 billion to $5 billion bid was rejected as being too low. If Ripple or Coinbase were to buy Circle, the details of a purchase would differ. Ripple would pay using cash and XRP (XRP), a cryptocurrency that Ripple created. Coinbase, on the other hand, would use cash and stock. Read more
  • Bitcoin futures data aligns with BTC traders’ hope for new all-time highs
    Cointelegraph.com - 20:44 May 19, 2025
    Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally. Key takeaways: Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable. Read more
    Tags: Bitcoin
  • Quantum Biopharma bolsters Bitcoin treasury
    Cointelegraph.com - 19:58 May 19, 2025
    The biopharmaceutical company bought $1 million of Bitcoin and other cryptocurrencies, taking its total crypto holdings to $4.5 million. Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.  The buys take Quantum’s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press release. The biotech company plans to stake a portion of its crypto to generate revenue.  Quantum expects that holding a treasury of Bitcoin (BTC) and other crypto assets will “provide a return on investment for shareholders and […] provide some hedge against the Canadian dollar,” it said.  Read more
  • Paul Atkins: 'Crypto markets have been languishing in SEC limbo'
    Cointelegraph.com - 19:06 May 19, 2025
    The new SEC chair said the regulator "should not be in the business" of stifling innovation at companies like those involved in digital assets. In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry. In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of the SEC. He suggested that the financial regulator would be more open to “adapt to and accommodate new developments” while still abiding by its statutes. “The crypto markets have been languishing in SEC limbo for years,” said Atkins, adding: Read more
  • Crypto.com and Canary Capital to launch US CRO fund
    Cointelegraph.com - 18:30 May 19, 2025
    It's the first US-regulated investment fund holding the Cronos chain's native token, CRO. Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund wrapper, Crypto.com said, adding that the trust is not an exchange-traded fund (ETF) and is only available to accredited investors.  Creating regulated funds such as CRO Trust is part of Crypto.com’s plan for “further mainstreaming crypto,” Eric Anziani, president and chief operating officer of Crypto.com, said in a statement. Read more

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