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$243M Bitcoin scam that led to kidnapping and chaos In one of the most bizarre crossovers between digital crime and real-world violence, a group of young cybercriminals stole almost $243 million in Bitcoin (BTC). Within weeks, the fallout spilled from the blockchain into a quiet Connecticut suburb, ending in a harrowing kidnapping plot. If this …
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US President Donald Trump will host a gala dinner for top holders of his Official Trump (TRUMP) memecoin despite bipartisan criticism and renewed calls for impeachment. In a May 5 Truth Social post, Trump announced that he will hold a gala dinner with major TRUMP holders on May 22. The announcement follows multiple US lawmakers …
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Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, slowed its BTC purchases last week as the cryptocurrency briefly surged above $97,000. Strategy acquired a new batch of 1,895 Bitcoin (BTC) for $180.3 million during the week from April 28 to May 4 at an average price of $95,167 per BTC, the firm …
Continue reading “Strategy, Semler bag 2K Bitcoin as price edged toward $100K last week”
Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to build Kyrgyzstan’s national crypto reserves. On May 5, Zhao shared on X that he had advised Kyrgyzstan to start with Bitcoin (BTC) and BNB (BNB) when building its national crypto reserve. In 2024, Forbes claimed that Zhao holds about …
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Dubai, UAE – May 2025 — TheBlock, the International Chamber of Virtual Assets, has announced a strategic partnership with Cointelegraph, the world’s leading Web3 media platform. The collaboration brings together two major players in the blockchain and virtual asset space, with the shared goal of amplifying the global adoption of tokenisation, advancing regulatory dialogue, and …
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 …
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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 …
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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 …
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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 …
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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, …
Continue reading “America’s crypto renaissance is already failing; but we can fix it”
