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Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.

On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.

“Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session which allows the state to utilize cryptocurrency without placing general fund dollars at risk,” she added.

That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to

From Netflix series to crypto game: Black Mirror’s AI reputation system, explained

Black Mirror experience: When sci-fi social scores meet blockchain

Created by Charlie Brooker, this British sci-fi series debuted in 2011 and quickly became a cultural touchstone for its dark, satirical take on technology.

Imagine a world where every like, comment and blockchain transaction shapes your social standing, where an AI watches your every digital move and assigns you a score that dictates your rewards or your restrictions.

Sounds like something straight out of science fiction, right?

Well, it is — until now. Black Mirror, Netflix’s chilling anthology series, and one of its most iconic concepts have inspired a real-world crypto game.

Dubbed the Black Mirror Experience, this project brings the show’s AI-driven reputation system to life, blending dystopian storytelling with blockchain technology.

If you haven’t seen Black Mirror, you must know that each standalone episode dives into a different scenario — think surveillance gone wild, social media

Read More at https://cointelegraph.com/explained/from-netflix-series-to-crypto-game-black-mirrors-ai-reputation-system-explained?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Animoca eyes New York listing, cites Trump’s crypto-friendly stance

Hong Kong-based Animoca Brands is preparing for a listing in New York, citing US President Donald Trump’s relaxed regulatory stance on digital assets as a window of opportunity to enter the world’s biggest capital market.

Animoca executive chair Yat Siu told the Financial Times that an announcement may be made soon, with the company currently evaluating various shareholding structures.

Siu said the decision to pursue a US listing would not hinge on market conditions but rather on timing and strategic positioning.

Animoca, which was delisted from the Australian Securities Exchange in 2020 over governance concerns and the status of some cryptocurrencies, has since built a robust investment portfolio, including stakes in OpenSea, Kraken and Consensys.

The company reported unaudited earnings of $97 million from $314 million in revenue for the year ending December 2024, a sharp increase from the

Crypto execs cheer as Australia appoints pro-crypto assistant minister

Australia’s crypto industry has expressed positivity after the recently reelected government named pro-crypto politician Andrew Charlton as assistant minister for the digital economy, artificial intelligence and other emerging technologies.

Prime Minister Anthony Albanese told reporters in Canberra during a May 12 press conference that Charlton would be the new assistant minister for science, technology and the digital economy, working with Tim Ayres, the minister for industry and innovation.

Ayres and Charlton will administer policies and programs promoting advancements in emerging technologies, science, technology, innovation and the digital economy, according to Albanese.

Charlton has shown strong support for the industry in the past. During a speech to parliament last November, he pushed for a balanced regulatory framework that encouraged industry growth.

Cryptocurrency is shaping the future of finance. Governments must support a balanced framework that encourages growth while ensuring

Caitlyn Jenner memecoin buyers to regroup after judge tosses suit

The lawyer for a group of Caitlyn Jenner memecoin buyers said they will continue their legal fight against the ex-Olympian after a judge threw out the case for failing to adequately support the securities and fraud claims it brought.

Jenner had escaped a class-action lawsuit from buyers of her self-titled memecoin, Caitlyn Jenner (JENNER) after California District Court Judge Stanley Blumenfeld Jr. said in a motion filed on May 9 that it was “sufficient to conclude that all nine causes of action are deficient” and sided with Jenner in dismissing the suit in its entirety for failure to state a claim.

He allowed the class group to amend its suit, which must be filed by May 23, but warned it had “to be more focused and judiciously pleaded” than the original.

A lawyer for the class group, Fitzgerald Monroe Flynn PC partner Jack Fitzgerald, told Cointelegraph it was “pleased the Court recognized we

Craig Wright sent enemies to legal ‘hell,’ says judge in restraining order

A British High Court has issued a restraining order against computer scientist Craig Wright, preventing him from filing further defamation suits.

In a May 12 judgment, High Court Judge Edward Mellor said Wright’s repeated false claims and aggressive legal actions created legal “hell” for individuals and developers in the Bitcoin (BTC) community, adding that Wright sought to “weaponise legal systems” to intimidate and silence critics.

His lawsuits forced people into costly and time-consuming legal defenses, often based on fabricated evidence, the judge added as he handed out a General Civil Restraint Order or injunction against Wright, prohibiting him from filing any more civil claims or applications in the High Court.

The court highlighted how this strategy was part of a pattern of abusing the legal system to assert false claims of being Satoshi Nakamoto.

“It is apparent that Dr

Trump-owned Truth Social denies it is launching a memecoin

Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media.

“Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media platform is owned by the Trump Media & Technology Group, with US President Donald Trump owning a majority stake in the company.

“There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Donald Trump Jr., the eldest son of President Donald Trump, stated on X.

Truth Social denies rumors that it is launching a memecoin. Source: Truth Social

The rumors started circulating after influencer Ran Neuner, who hosts the Crypto Banter podcast, tweeted that a Truth Social token will be

SEC hacker once Googled ‘if I am being investigated by the FBI’

Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show.

The recent filing was part of the prosecutor’s request to sentence him to two years in prison over his role in the hack, which saw the SEC X account publish a false announcement that a spot Bitcoin exchange-traded fund was approved, shaking up the markets.

Council searched: “How can I know for sure if I am being investigated by the FBI” and “How long does it take to delete Telegram account,” US prosecutors discovered following a search warrant of his house, car and devices last June, according to a May 12 court filing.

While Council’s Telegram chats were set up to be removed after two weeks, US prosecutors still

Dubai taps Crypto.com to enable crypto payments for govt services

The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services.

The agreement, formalized during the Dubai fintech Summit on May 12, is part of Dubai’s cashless strategy, which hopes to foster the city’s transition to “a fully digital, cashless society,” by introducing “a new digital payment channel across its official platforms,” the Dubai Department of Finance (DOF) said on May 12.

Once the service goes live, individuals and business customers of government entities can pay service fees with crypto through Crypto.com’s digital wallets. The payments will be converted into dirhams and transferred to DOF accounts, according to the DOF.

Amna Mohammed Lootah, director of digital payment systems regulation, stated that Dubai’s plan is for 90% of financial transactions across the public and private sectors to be powered through cashless methods by 2026.

“We are confident

Hodl my beer: Businesses are the biggest Bitcoin buyers this year

Corporations and businesses are the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds and retail investors, according to new research.

Firms such as Michael Saylor’s Strategy have bought more Bitcoin (BTC) this year than any other category of investor, with overall corporate holdings growth totalling 157,000 BTC, worth around $16 billion at current prices, according to Bitcoin investment firm River.

Strategy makes up 77% of the group’s growth, the firm reported on X on May 12, before adding that it’s not just big companies.

“We’re seeing businesses across all industries sign up to River. They’re aligned with Bitcoin and how it can change their future,” the firm noted.

The next largest category after corporations was ETFs, which have grown their net Bitcoin by 49,000 BTC, or $5 billion worth, reported River. Following that were governments with around 19,000 BTC in