SEC Probes Coinbase’s Discontinued ‘Verified User’ Claims: NYT 
Categories
Uncategorized

The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues under President Trump’s SEC, […]

Bitdeer Q1 revenue falls more than 40% year-over-year
Categories
Uncategorized

Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15.  The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said.  […]

FTX Creditors to Receive Over $5B in Second Payout Starting May 30
Categories
Uncategorized

The FTX Recovery Trust explained on Thursday that it will distribute more than $5 billion to creditors starting May 30, 2025, as part of its court-approved Chapter 11 bankruptcy reorganization plan. Distribution Date Set for FTX’s $5B Creditor Repayment The distribution, the second under FTX’s reorganization plan, will pay creditors across multiple claim classes. Class […]

Stablecoin regulation 'next catalyst' for crypto industry — Aptos head
Categories
Uncategorized

Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped […]

Lightchain Protocol AI Opens $150,000 Developer Grant Program to Onboard Top Blockchain Builders
Categories
Uncategorized

This content is provided by a sponsor. Lightchain Protocol AI, a cutting-edge Layer-1 blockchain built to power decentralized artificial intelligence, has officially launched its Developer Grant Program, calling on seasoned developers, innovative startups, and ecosystem builders to join its rapidly growing ecosystem. The initiative aims to attract talent from across the Web3 space by offering […]

Criminal Banking Organization Takedown Across Europe Includes Crypto Operations
Categories
Uncategorized

Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The operation, conducted on January 14, 2025, in Austria, Belgium, and Spain, followed previous successful actions against migrant smugglers. The arrested individuals, primarily of Chinese and […]

Ripple’s RLUSD Stablecoin Climbs to 312 Million Tokens, but 70% Is Held by Just 10 Wallets
Categories
Uncategorized

Data shows that Ripple’s stablecoin RLUSD has crossed the 300 million threshold in total issuance. By the close of April, RLUSD’s circulating supply expanded from 294 million to its present total of 312 million coins. RLUSD Supply Jumps Past 300M Coins Ripple’s dollar-linked stablecoin RLUSD has expanded its supply by 61.66% since March 31. Following […]

Canada lags with stablecoin approach, but there’s room to catch up
Categories
Uncategorized

The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook markets and turned many lawmakers against the crypto industry. Regulating stablecoins as a security has […]

Argentina Announces Tax Cuts for Mobile Phones and Electronics
Categories
Uncategorized

The Argentine government announced a series of tax and import rate cuts affecting electronic devices and mobile phones. Manuel Adorni, the spokesperson for President Milei’s administration, announced that the import tariff for mobile phones will be slashed from 16% to 0, democratizing access to these devices. The reduction will be done in two waves: the […]

Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration
Categories
Uncategorized

Key takeaways: Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently. Despite short-term selling pressure, long-term BTC whale buying suggests a potential continuation of the BTC uptrend. The Bitcoin (BTC) market posted […]