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Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become … Read more
U.S. authorities have charged 12 additional defendants in a sprawling RICO conspiracy involving over $263 million in cryptocurrency thefts, money laundering, and coordinated home invasions, according to a superseding indictment unsealed this week. DOJ: Crypto Crime Ring Laundered $263M via Mixers, Peel Chains, Hermès Birkin Bags, and Stuffed Animal Cash Shipments The indictment, announced by … Read more
Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation. Speaking at the Consensus conference in Toronto on May 15, Grewal said there had been “hiccups” in Congress since the Senate Banking Committee voted … Read more
There is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funds, “everybody in the world is trying to hoard Bitcoin right now.” The remarks came … Read more
Wintermute, a global algorithmic crypto trading firm and over-the-counter (OTC) desk, opened its U.S. headquarters in New York City on May 15, 2025, and appointed former Blockchain Association lobbyist Ron Hammond as head of policy and advocacy. Crypto Liquidity Provider Wintermute Sets Up New York Headquarters According to the announcement shared with Bitcoin.com News, Wintermute’s … Read more
Key takeaway: Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Bitcoin (BTC) has struggled to break above $105,000 since May 10, leading traders to question whether the bullish momentum has faded. … Read more
Asset tokenization is set to accelerate the movement of capital across traditional markets, according to Chainlink co-founder Sergey Nazarov. Speaking with Cointelegraph at Consensus 2025 in Toronto, Nazarov said the shift will boost capital velocity in asset classes such as treasuries, equities, private credit, commercial debt, and real estate. “I think that there are two … Read more
The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues under President Trump’s SEC, … Read more
Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15. The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said. … Read more
More than two-and-a-half years after filing for bankruptcy, cryptocurrency exchange FTX is moving forward with repaying users who have not had access to their funds. In a May 15 notice, the FTX Recovery Trust announced that it would begin disbursing funds to the second group of parties eligible under the exchange’s reorganization plan. Starting on … Read more
