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The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. “By surpassing Amazon in terms of capitalization, …
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Key takeaways ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency. Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading system. Failures happen when traders over-rely on ChatGPT without real-time data, proper risk management or manual oversight. Regulatory focus on AI …
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Travelers using cryptocurrency for booking arrangements spend more than twice as much as regular travelers using fiat money, according to a joint report from Binance Pay and crypto travel platform Travala shared with Cointelegraph. Crypto-based bookings on Travala reached $80 million in 2024, up from $45 million the year before. Crypto travelers are also outspending …
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David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to …
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Newly updated guidelines from Dubai’s crypto regulator include provisions on real-world asset (RWA) tokenization and clarify rules for issuers. On May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) released its updated Rulebook for virtual asset service providers (VASPs) operating in the region. The regulator gave market participants until June 19 to comply with the new …
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Key points: Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue. Both the latest surge and the bull market itself are on borrowed time, traders say. Comparisons to previous price cycles remain in use despite the booming institutional investment scene. Bitcoin (BTC) traders are calling for a pullback after …
Continue reading “Bitcoin 'looks exhausted' as next bear market yields $69K target”
What is shilling in crypto? At its core, shilling is the act of artificially promoting a cryptocurrency or token, often with exaggerated claims, to increase its price or popularity. But what’s the goal? Hype it up, get others to buy in, and then cash out, leaving latecomers holding the bag. Shilling can come from anyone: …
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The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap. On May 21, the hacker used Ethereum transaction input data to write “L bozo,” followed by a meme video of NBA player James Worthy smoking a cigar. The message came after the attacker …
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Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal court in Georgia allowed the firm’s digital crimes unit to take down, block or suspend nearly 2,300 websites critical …
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Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from the …
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