$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report
dailyhodl.com

A customer at a US bank says $9,100 was mysteriously drained from his account even after he notified the lender about suspicious activity. Military veteran Roberto Rangel says USAA then refused to reimburse his account – and demanded he pay a negative balance of $2,800 that was triggered by the theft, reports the Fox-affiliated news […]

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Two brothers studying at MIT charged with stealing $25 million worth of <b>cryptocurrency</b>
www.google.com

… cryptocurrency. Authorities said that the brothers- Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28,- carried out a cutting-edge scheme to …

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Billionaire Friedland Slams Bitcoin's Energy Use
u.today

American-Canadian billionaire Robert Friedland has criticized Bitcoin’s wastefulness

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Breaking News: CME to Launch Spot Bitcoin Trading Amid Wall Street Demand
crypto-economy.com

TL;DR Strategic Expansion: The Chicago Mercantile Exchange (CME) is launching a spot Bitcoin trading platform due to high demand from Wall Street, positioning itself as a competitor to Binance. Regulated Environment: CME aims to offer a regulated trading environment for investors seeking direct exposure to Bitcoin, building on its history of crypto-related products like Bitcoin and ETH futures. Wall […]

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Tether’s Game-Changing Collaboration: Redefining Crypto Payments with TON
crypto-economy.com

TL;DR Strategic Partnership: Tether Operations Limited has partnered with Oobit and the TON Foundation, aiming to redefine cryptocurrency payments as a mainstream means of transaction. This collaboration represents a significant step forward in the adoption of digital currencies. Seamless Transactions: The partnership seeks to offer users a seamless and convenient transaction experience. By leveraging decentralized technology […]

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US Treasury Announces Crypto-Crackdown, In Push Against Money Laundering, Illicit Finance
cryptonews.com.au

The 2024 US National Strategy report addresses the threat of illicit finance to national security, focusing on crypto’s role. It proposes modernising anti-money laundering and counter-terrorism financing, highlighting digital assets and DeFi risks. The report underscores the importance of global cooperation and regulatory compliance, especially for cryptocurrency exchanges. The United States Treasury has just released […]

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The Pulse of the Market – How Fear and Greed Shape Cryptocurrency Trading
dailyhodl.com

HodlX Guest Post  Submit Your Post   In the high-stakes world of cryptocurrency, market sentiment often swings wildly, driven by speculation and the whims of influential voices. Unlike traditional financial markets, crypto values can skyrocket or plummet based on the collective mood of traders, making it essential to stay attuned to these emotional undercurrents. Consider the […]

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‘Rocket Fuel for Bitcoin’: Analyst Jamie Coutts Says This Catalyst Could Propel BTC to $150,000 This Cycle
dailyhodl.com

Real Vision analyst Jamie Coutts is saying that the performance of the US dollar against other major currencies will impact the price of Bitcoin (BTC). Coutts tells his 16,300 followers on the social media platform X that the US Dollar Index (DXY), a measure of the US dollar’s value compared to a basket of six […]

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The Great Script Restoration: A Path Forward For Bitcoin
bitcoinmagazine.com

Bitcoin was initially designed with a fully fleshed out scripting language, intended to encompass and support any potential safe use case that users could come up with in the future. As Satoshi himself put it before he disappeared: “The nature of Bitcoin is such that once version 0.1 was released, the core design was set […]

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The Hidden Forces Behind Bitcoin Price: Latest Insights From On-Chain Data
www.newsbtc.com

Leading on-chain analyst James Check, popularly known as Checkmatey, has recently delved into the intricacies of Bitcoin’s market dynamics, offering a detailed on-chain data analysis that sheds light on the forces driving Bitcoin prices. His latest insights highlight a period he describes as “Quiet and Trending,” suggesting a robust underpinning despite significant sell-side pressures and […]

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Big miners pose a growing existential threat to Bitcoin
cointelegraph.com

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin’s hash rate. That could become a problem for Bitcoin users in the near future.

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ARBITRUM PRICE ANALYSIS & PREDICTION (May 16) – ARB Rejects $1 Amid Recent Surge, Is More Drops Around The Corner?
nulltx.com

Following a quick bounce from a two-month low, ARB climbed above a key psychological level and later lost momentum due to a rejection. It quickly turned weak again and now trades back near its recent low.  Arbitrum went through a lot of reductions in the last two months, losing more than 60% of its value […]

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The Floppening: Ethereum Can’t Stop Losing Ground To Bitcoin
cryptopotato.com

More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. Why Does ETH Keep […]

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Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit
news.bitcoin.com

Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,” as it has upgraded the contracts to deal with the attack […]

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How did two brothers steal $25 million in <b>cryptocurrency</b>? – Government Technology
www.google.com

Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, used a “novel” method of stealing cryptocurrency from the Ethereum blockchain, according to U.S. …

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Billionaire Mike Novogratz Predicts Major Shift Ahead for Crypto
u.today

Novogratz hints that next few months might be critical to watch for crypto

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Crypto Exchange Coinbase Adds Solana-Based DEX to Listing Roadmap
dailyhodl.com

Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed […]

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VC Roundup: Web3 infrastructure, ‘tokenization of everything’ drawing investors
cointelegraph.com

Funding for crypto startups rose to over $1 billion in April, with investors focusing on tokenization, Web3 infrastructure, and institutional demand amid the bull market.

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Sweet Deal: PancakeSwap Offers to Refund Interface Fees to Uniswap Users
crypto-economy.com

TL;DR Fee Reimbursement Campaign: PancakeSwap is offering to refund $8 million in interface fees to Uniswap users who match their trading volume on PancakeSwap v3, from May 16 to August 15, as a strategic move to attract traders after Uniswap increased its fees. Incentives and Efficiency: To draw users, PancakeSwap has proposed various incentives, including enhancing the veCAKE […]

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Internet Computer (ICP) Reveals Updated Roadmap Focused on Decentralized AI and Privacy
crypto-economy.com

TL;DR The DFINITY Foundation presents a detailed work plan for Internet Computer (ICP), a rapidly growing blockchain backed by significant investors. The new plan focuses on nine key areas, such as decentralized artificial intelligence, on-chain privacy, and interoperability with other blockchains like Ethereum and Bitcoin. ICP’s development is expected to address the challenges of on-chain […]

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China Cracks Down On $1.9 Billion Underground Bank Using USDT For Foreign Exchanges
cryptonews.com.au

China’s tough outlook on crypto has claimed another victim, with an illegal bank facilitating USDT transfers taken out yesterday. Chinese police arrested 193 suspects in relation to the unlawful activity. The bank had been responsible for over AU$2b worth of crypto transactions since starting in 2021. The Chinese hardline stance on cryptocurrency transactions has yet […]

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Kraken wins (again) at European Customer Centricity Awards
blog.kraken.com

We are proud to announce that, for the second year running, Kraken has been recognized at the annual European Customer Centricity Awards (ECCAs). We won the Customer Insight & Feedback category and were shortlisted for Customer Centric Culture and Customer Centricity in B2B. Overcoming strong competition, this second award follows our 2023 ECCAs win in […]

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CFTC Warns Youth: Don't Fall Prey to Crypto "Money Mule" Scams
www.financemagnates.com

The Commodity Futures Trading Commission (CFTC) has issued a stark warning, including cryptocurrencies, to students and young job seekers: beware of becoming an unwitting “money mule.” In a recent advisory, the CFTC’s Office of Customer Education and Outreach (OCEO) cautioned that criminal organizations target young people with seemingly easy, stay-at-home job offers that involve moving […]

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The Bitcoin Ponzi Scheme Paradox
bitcoinmagazine.com

“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He […]

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Dogecoin Successfully Breaks Out Above $0.153, What Next?
www.newsbtc.com

Bulls in Dogecoin (DOGE) seem to have stepped up their game as the daily price chart of the biggest meme coin in the world is trending positively, fueling speculations about an impending rally. Kevin Capital, a cryptocurrency market expert and enthusiast has offered insights on DOGE’s price action, confirming an effective break out for the […]

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Is Bitcoin’s (BTC) Price Ready to Soar Again as Liquidity Floods In?
cryptopotato.com

The first month after the Bitcoin halving last month has been uneventful. However, this might change soon as CryptoQuant observed a serious spike in the volume of stablecoins entering the market. Interestingly, there are significant jumps in stablecoin inflows at various points, often corresponding with movements in bitcoin’s price. Surge in Liquidity Signals Strong Bullish […]

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Andrew Tate Plans to Invest Big in Bitcoin, Leaving Fiat Completely
news.bitcoin.com

Andrew Tate, a British-American social media personality and former professional kickboxer, has announced a plan to invest significantly in bitcoin, expressing frustration with banks and their scams. “I’m about to leave fiat completely,” he stressed. “I’m done with the banks. I’m done with their money. Done with the scams.” Andrew Tate Plans to Shift ‘100M’ […]

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CoCo Coin Introduces a New Paradigm in <b>Cryptocurrency</b> – AccessWire
www.google.com

CoCo Coin Introduces a New Paradigm in Cryptocurrency … SAN FRANCISCO, CA / ACCESSWIRE / May 16, 2024 / Memecoins, like CoCo Coin, are offering unique …

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UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report
dailyhodl.com

Members of a United Nations expert panel monitoring North Korea sanctions reportedly found a link between the totalitarian state and the crypto mixer Tornado Cash. According to Reuters, a confidential document from the monitors told the U.N. Security Council sanctions committee that North Korea used Tornado Cash to launder $147.5 million worth of stolen crypto […]

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BDAG Outpaces Solana’s & SHIB Predictions with New Dashboard
nulltx.com

BlockDAG’s Dashboard Innovation Drives Growth, Surpassing Solana And SHIB Market Forecasts Amidst the dynamic shifts in the cryptocurrency landscape, BlockDAG has emerged as a standout with its advanced dashboard, attracting both new and seasoned investors. While Solana exhibits signs of resurgence backed by notable institutional investment, and SHIB’s market prospects depend on surpassing key resistance […]

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Samson Mow Slams Ripple for Spreading FUD About Bitcoin and Tether, Ripple Files Motion to Seal Documents, Here's Why Ethereum ETF Could Be Denied: Crypto News Digest by U.Today
u.today

What happened in crypto industry over past day? Read U.Today’s news digest to find out!

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Bitcoin moves toward range highs but derivatives traders watch from the sidelines
cointelegraph.com

Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions.

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