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High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group. “Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13. …
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Key points: Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak. Over the past month, miner wallet balances have increased by around 2,700 BTC. Hash Ribbons data shows good times continuing for both miners and BTC price strength. Bitcoin (BTC) accumulation by miners is back as …
Continue reading “Bitcoin miners halt sales as BTC gains 20% since hash ribbon 'buy' signal”
Global bank Standard Chartered has beefed up its banking support to the cryptocurrency industry by inking a new partnership with the crypto prime broker FalconX. Standard Chartered will provide a comprehensive suite of banking services to FalconX’s global institutional clients following the strategic partnership announced on May 14. As part of the collaboration, FalconX will …
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Former US Securities and Exchange Commission (SEC) Chair Gary Gensler may not have been as hostile to crypto behind closed doors as he appeared to be in public, according to former US Representative Patrick McHenry. In a May 13 appearance on the Crypto in America podcast, McHenry revealed that during private meetings with Gensler, the …
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What is the Q-Day prize? The Q-Day Prize is a challenge to make the Bitcoin network quantum resistant. On April 16, 2025, quantum computing-focused company Project 11 announced the “Q-Day Prize,” a competition to break a “toy version” of Bitcoin’s cryptography with a quantum computer. Contestants must complete the Q-Day Prize challenge by April 5, …
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Decentralized settlement protocol Kima has integrated into Mastercard’s sandbox program, enabling stablecoin-powered top-ups for prepaid cards directly from self-custody wallets. According to an announcement shared with Cointelegraph, Mastercard partners can now rely on Kima’s settlement infrastructure to enable their prepaid cards to be topped up with stablecoins, including USDC (USDC) and Tether’s USDt (USDT), from …
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World Network, the digital identity and crypto project of Sam Altman’s OpenAI, has alarmed privacy activists ahead of its United States launch, with observers concerned over its data collection and protection practices. World “is the opposite of privacy. It’s a trap,” said Nick Almond, CEO of FactoryDAO, on X. While the project claims to protect …
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Crypto venture capital deals in the first quarter of 2025 saw deal values jump even as the number of deals sank from the same quarter a year ago, says PitchBook. The venture research firm said in its May 14 Crypto VC Trends report for Q1 that 405 deals were made in the quarter, down 39.5% …
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Once a go-to swapper for hackers and drainers, eXch was shut down by German police in April — but continued activity suggests the story isn’t over. Without Know Your Customer (KYC) checks, eXch wasn’t your typical crypto exchange. It acted more like an instant swapper, allowing bad actors and cybercriminals to fly under the radar …
Continue reading “Crypto swapper eXch shows signs of life after post-Bybit shutdown”
Two former executives of the bankrupt crypto lending service Cred have pleaded guilty to wire fraud connected to the company’s collapse. Former Cred CEO Daniel Schatt and chief financial officer Joseph Podulka admitted to wire fraud as part of a plea deal with prosecutors, according to a May 13 text filing in a California District …
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