Crypto funds raked in $2B last week, pushing 3-week haul to $5.5B

Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares. Global crypto exchange-traded products (ETPs) have added $5.5 billion in inflows in the past three weeks, according to the latest weekly report from CoinShares. With the new inflows, total assets under management (AUM) in all crypto ETPs …

Aptos exec sees Web 2.5 platforms earning ‘tons’ of revenue

While many crypto ecosystems focus on decentralization as the core tenet of Web3, Aptos is seeing success with hybrid platforms that blend Web2 and Web3 technologies, commonly referred to as “Web2.5.” In an interview at the Token20249 event in Dubai, Aptos’ head of ecosystem, Ash Pampati, told Cointelegraph that they see Web2.5 platforms earn “tons …

Tether AI platform to support Bitcoin and USDT payments, CEO says

Tether AI, the forthcoming artificial intelligence platform from stablecoin giant Tether, will feature payments in major cryptocurrencies, including USDt and Bitcoin. Tether CEO Paolo Adroino took to X on May 5 to tease the imminent launch of Tether AI, the company’s new AI platform designed to offer “personal infinite intelligence.” According to Ardoino, Tether’s AI …

Vitalik Buterin says rollups must prove security before decentralizing

Ethereum co-founder Vitalik Buterin explained when rollup-based layer-2 platforms should go decentralized, and why “as soon as possible” is not the correct answer. In a May 5 X post, Buterin said there is a right time for rollup-based scalability solutions to transition to a decentralized model. This moment depends on how low the proof system’s …

America’s crypto renaissance is already failing; but we can fix it

Opinion by: Shane Molidor, Founder, Forgd For years, launching a crypto project in the United States has been a maze of uncertainty. Legal ambiguity and a hostile regulatory environment have driven founders offshore, turning places like Switzerland and the Cayman Islands into global hubs for blockchain innovation.  With Trump’s election, things finally started to change, …

Indonesia suspends Sam Altman’s World project over suspicious activity

OpenAI CEO Sam Altman’s digital identity project, World, formerly known as Worldcoin, faces challenges in Indonesia after local regulators temporarily suspended its registration certificates. The Indonesian Ministry of Communications and Digital (Komdigi) has halted the Electronic System Operator Certificate Registration (TDPSE) for World and World ID over suspicious activity and alleged registration violations, the ministry …

Notcoin says tap-to-earn ‘probably dead’ as Telegram games see shift

Notcoin, one of the most prominent Web3 gaming projects of 2024, said the tap-to-earn genre is “probably dead” as Web3 gaming shifts to more fun and engaging projects. During Token2049 in Dubai, Notcoin co-founders Sasha and Vladimir Plotvinov, along with Uliana Salo, the head of design and product lead for NotGames, spoke with Cointelegraph about …

How cybercriminals are exploiting digital twins to scam crypto users

What is a digital twin? A digital twin is a virtual model or replica of a physical object, system or process. It’s like a digital mirror, allowing us to simulate, monitor and predict the behavior of real-world entities in real-time.  These virtual counterparts are designed to pull data from physical sensors or inputs, providing a …

Stablecoin fever: 5 major stablecoins are growing crypto adoption

Increasing institutional interest and moves toward legal frameworks for stablecoins have seen the space grow, with five major projects slated to expand the market in the near future. In the EU, the Markets in Crypto-Assets (MiCA) regulatory package is in full force and has given stablecoin issuers clear guidelines by which they can enter European …

BTC dominance due 'collapse' at 71%: 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the first full week of May with yearly open support in focus ahead of a key US economic policy decision. BTC price action attempts to hold the yearly open as support after some downside at the weekly close, but bullish perspectives remain intact. The US Federal Reserve interest rate decision is the …