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  • Bitcoin DeFi protocol Liquidium’s rebrand and staking model propel LIQ token to new heights
    CryptoSlate - 00:00 May 17, 2025
    Bitcoin-native DeFi protocol Liquidium has passed a major governance proposal introducing a new staking model tied to the platform revenue. The protocol’s native token LIQ has climbed over 73.3% since the proposal was approved earlier this week. It was trading at roughly $0.25 as of press time, based on CoinGecko data. Liquidium introduces staking On […] The post Bitcoin DeFi protocol Liquidium’s rebrand and staking model propel LIQ token to new heights appeared first on CryptoSlate.
    Tags: Bitcoin DeFi Liquidium
  • Moody’s historic downgrade of US credit system could add fuel to Bitcoin safe-haven status
    CryptoSlate - 23:21 May 16, 2025
    Moody’s downgraded the United States’ long-term credit rating from Aaa to Aa1 on May 16, marking the first time in history the agency has stripped the US of its top-tier status. The agency pointed to a decade of rising debt levels, escalating interest burdens, and a consistent failure by policymakers to enact meaningful deficit controls. […] The post Moody’s historic downgrade of US credit system could add fuel to Bitcoin safe-haven status appeared first on CryptoSlate.
    Tags: Moody Bitcoin
  • Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices
    CryptoSlate - 21:20 May 16, 2025
    Singapore-based Basel Medical Group (BMGL) announced plans to acquire $1 billion worth of Bitcoin (BTC) to strengthen its balance sheet and accelerate expansion across Asian markets. Basel also revealed that the proposed transaction is being negotiated with a consortium of institutional investors and high-net-worth individuals active in the crypto sector.  Basel CEO Darren Chhoa said […] The post Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices appeared first on CryptoSlate.
    Tags: Bitcoin Basel Medical Group
  • Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under review
    CryptoSlate - 20:10 May 16, 2025
    An Argentine federal judge has ordered the freezing of assets belonging to key figures behind the LIBRA memecoin project as investigators examine potential fraud linked to the digital token’s promotion, including scrutiny of financial operations tied to President Javier Milei and his sister, Karina Milei, local media reported on May 15. Judge María Servini issued […] The post Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under review appeared first on CryptoSlate.
    Tags: LIBRA Milei Judge
  • Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects
    CryptoSlate - 19:14 May 16, 2025
    Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto mining operation in Coronel Bogado, a town and district in Paraguay. According to statements by prosecutor Irene Rolón made during a May 15 interview on local news outlet Monumental TV, the group allegedly targeted computer […] The post Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects appeared first on CryptoSlate.
    Tags: Paraguay
  • France ramps up efforts to tackle rising crypto kidnappings after failed attempt goes viral
    CryptoSlate - 18:05 May 16, 2025
    France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16. The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety. According to […] The post France ramps up efforts to tackle rising crypto kidnappings after failed attempt goes viral appeared first on CryptoSlate.
    Tags: France
  • Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors
    CryptoSlate - 16:24 May 16, 2025
    Panama City Mayor Mayer Mizrachi stirred speculation about a possible Bitcoin reserve after a cryptic post on his official X account on May 16. In the post, Mizrachi wrote: “Bitcoin reserve.” The cryptic post followed his meeting with Max Keiser and Stacy Herbert, two of the key architects behind El Salvador’s Bitcoin policy. Keiser currently […] The post Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors appeared first on CryptoSlate.
    Tags: Panama City Bitcoin Salvador
  • Fidelity macro director recommends 4:1 Gold, Bitcoin store of value holdings
    CryptoSlate - 14:50 May 16, 2025
    Fidelity Director of Global Macro Jurrien Timmer today highlighted that Bitcoin reclaiming the $100,000 level this week coincides with a convergence of its 52-week Sharpe ratio with gold. Timmer said, After a strong run by gold, perhaps the baton is being passed again to Bitcoin, with Bitcoin back above $100k and the two Sharpe Ratios […] The post Fidelity macro director recommends 4:1 Gold, Bitcoin store of value holdings appeared first on CryptoSlate.
    Tags: Fidelity Gold Bitcoin
  • Over 26,000 Ethereum wallets integrate Pectra upgrade features driving smart wallet adoption
    CryptoSlate - 13:40 May 16, 2025
    Ethereum’s recent Pectra upgrade is sparking a surge in smart account usage, redefining how users interact with the network. Data compiled by Base analyst 0xKofi from Bundle Bear shows that more than 26,000 wallets have transitioned to the new smart account format powered by the EIP-7702 in the Pectra upgrade. What are smart accounts? EIP-7702 […] The post Over 26,000 Ethereum wallets integrate Pectra upgrade features driving smart wallet adoption appeared first on CryptoSlate.
    Tags: Over Pectra Ethereum
  • DOJ to press on with criminal charges against Tornado Cash developer Roman Storm
    CryptoSlate - 23:00 May 15, 2025
    The US Department of Justice does not intend to drop its federal criminal charges against Tornado Cash developer and co-founder Roman Storm, Decrypt reported on May 15, citing sources within the DOJ. The DOJ’s decision to proceed comes despite an internal memo circulated last month signaling a potential shift in how the agency handles cases […] The post DOJ to press on with criminal charges against Tornado Cash developer Roman Storm appeared first on CryptoSlate.
    Tags: Tornado Cash Roman Storm
  • Abu Dhabi sovereign wealth fund Mubadala expands Bitcoin exposure via IBIT while Wisconsin fund exits crypto ETF
    CryptoSlate - 21:45 May 15, 2025
    Abu Dhabi sovereign wealth fund Mubadala raised its exposure to Bitcoin (BTC) during the first quarter, purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust (IBIT), according to its latest Form 13-F filing. Mubadala held 8,726,972 shares of IBIT as of March 31, up 6% from the previous quarter and worth approximately $408.5 million at the […] The post Abu Dhabi sovereign wealth fund Mubadala expands Bitcoin exposure via IBIT while Wisconsin fund exits crypto ETF appeared first on CryptoSlate.
    Tags: IBIT Bitcoin Mubadala Abu Dhabi Wisconsin
  • Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks
    CryptoSlate - 21:15 May 15, 2025
    Institutional adoption of stablecoins has reached an all-time high, supported by technical readiness, declining regulatory friction, and intensifying demand for faster, cross-border settlement infrastructure.  According to a recent report from Fireblocks, 86% of surveyed firms say they now have the partnerships and systems in place to support stablecoin integration, signaling a decisive shift from pilot […] The post Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks appeared first on CryptoSlate.
    Tags: Institutions Fireblocks
  • FTX creditors poised to receive $5B by May 30 in latest distribution round
    CryptoSlate - 20:30 May 15, 2025
    FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust.  Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […] The post FTX creditors poised to receive $5B by May 30 in latest distribution round appeared first on CryptoSlate.
  • Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing
    CryptoSlate - 20:00 May 15, 2025
    The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […] The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.
    Tags: Biden-era Coinbase
  • Court denies SEC, Ripple settlement motion after finding procedural misstep
    CryptoSlate - 19:30 May 15, 2025
    US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts […] The post Court denies SEC, Ripple settlement motion after finding procedural misstep appeared first on CryptoSlate.
    Tags: Ripple Court
  • Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority
    CryptoSlate - 19:00 May 15, 2025
    Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase […] The post Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority appeared first on CryptoSlate.
    Tags: Telegram Pavel Durov WhatsApp
  • UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise
    CryptoSlate - 18:30 May 15, 2025
    Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin […] The post UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise appeared first on CryptoSlate.
    Tags: Bitwise
  • How an insider-led breach sparked a costly scam at Coinbase
    CryptoSlate - 17:54 May 15, 2025
    Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […] The post How an insider-led breach sparked a costly scam at Coinbase appeared first on CryptoSlate.
    Tags: Coinbase
  • ETH-BTC rebounds 38% from April low in first real rally of 2025
    CryptoSlate - 17:03 May 15, 2025
    The ETH/BTC ratio mounted a comeback in May, reversing months of Ethereum‘s relentless underperformance against Bitcoin. After reaching an 11-month low of 0.01805 on April 21, ETH/BTC surged to 0.02501 by May 15, marking a 38.6% recovery in less than a month and a 17% rise in the past seven days. The sharp ascent marks […] The post ETH-BTC rebounds 38% from April low in first real rally of 2025 appeared first on CryptoSlate.
    Tags: ETH-BTC April
  • Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
    CryptoSlate - 00:00 May 15, 2025
    Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations.  Bitfarms said in its latest Management’s Discussion and Analysis of the first quarter performance that the lower financial income contributed to […] The post Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M appeared first on CryptoSlate.
    Tags: Bitfarms

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