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Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal …
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Key takeaways: XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94. NUPL indicates traders are in denial, resembling past pre-crash phases. Long-term charts still point to bullish targets between $3.69 and $17. XRP (XRP) has rebounded by more than 50% in a month after forming a local low at $1.80. …
Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure. According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will invest in startups and businesses building …
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Private credit marketplace Pareto has introduced a new synthetic dollar aimed at linking institutional investors with decentralized finance (DeFi) opportunities — a move that highlights the expanding role of stablecoins in global finance. The newly launched USP synthetic dollar is fully backed by real-world private credit, Pareto told Cointelegraph on May 15. To mint USP, …
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Ukraine is reportedly moving closer to adopting Bitcoin as a national reserve asset, a move that could bolster its financial resilience amid the ongoing war with Russia. Lawmakers are reportedly working on a Bitcoin (BTC) national reserve proposal, with a draft bill in its final stages, according to Yaroslav Zhelezniak, a member of parliament who …
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What is HTTP 402, and why does it matter? The web was not really built with payments in mind, especially not for autonomous agents or machines. But with the rise of AI and decentralized finance (DeFi), the need for seamless, native digital payments has never been more urgent. Coinbase x402 announced a new open protocol …
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Publicly traded company BTCS announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy. The Rockville, Maryland-based company announced the deal on May 14, saying that the move will allow it to expand validator node operations and build recurring revenue from Ether (ETH) …
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Opinion by: Yat Siu, executive chairman and co-founder, Animoca Brands A discussion on digital property rights, copyright, intellectual property, the open metaverse, AI and value without physical form. When I attend conferences and similar public events, someone almost always approaches me to ask how cryptographic tokens (fungible or non-fungible) can have value even though tokens …
Continue reading “The value of virtual: Economies are powered by ownership of the intangible”
Key points: Bitcoin has a fight for a $100,000 price and a $2 trillion market cap on its hands this month. Dips below six figures are “easily possible,” analyst filbfilb says, but the odds are stacked in bulls’ favor. ETH/BTC needs to hit the 0.03 inflection point as part of an altcoin comeback. Bitcoin (BTC) …
Continue reading “Bitcoin looks 'ridiculous' as bulls attempt $2T market cap flip — Analyst”
Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely tied Bitcoin mining operation. According to the May 14 court filing in Illinois, the plaintiffs allege that their former business partner, Jonathan Mills, lied about transferring assets from …
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