House of Representatives halts Fed’s CBDC plans with new legislation
House passes bill to block Federal Reserve from issuing a CBDC, citing privacy and Fourth Amendment concerns.
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What is FIT21?
Explore the FIT21 bill, a pivotal move towards establishing a crypto regulation framework in the US, involving key financial agencies.
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Meet the women behind the world’s largest crypto exchanges
Both former television hosts, Binance’s Yi He and Bitget’s Gracy Chen, currently lead the world’s largest crypto exchanges by volume.
It’s a little-known fact that women are behind two of the world’s largest cryptocurrency exchanges.
In a blog post published on May 21, Gracy Chen, formerly the managing director of crypto exchange Bitget, who now serves as the firm’s CEO, detailed her journey in leading an exchange that currently facilitates $4 billion in trading volume:
Chen described how at 18, she received a scholarship to study Applied Mathematics in Singapore and became a television host for a Chinese finance and technology program upon graduation, where she learned about Bitcoin (BTC), back then at $300, from her interviewees in 2015:
Coinbase Derivatives To Offer Oil and Gold Futures Contracts in Push To Bridge TradFi and Digital Assets
The derivatives arm of the largest US-based crypto exchange is launching retail-sized futures contracts for oil and gold. In a statement, Coinbase Derivatives says that while crypto derivatives remain at the core of its business, it is introducing commodities futures contracts to give customers enhanced trading opportunities in the traditional markets. Commodity futures contracts oblige […]
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US House Passes Bill Banning Federal Reserve From Launching Central Bank Digital Currency
The US House of Representatives just passed a bill aimed at preventing the Federal Reserve from launching a Central Bank Digital Currency (CBDC) without Congressional authorization. Republican Majority Whip Tom Emmer sponsored H.R. 5403, known as the CBDC Anti-Surveillance State Act, with the stated goal of protecting Americans’ right to privacy. “My legislation ensures that […]
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The Financial Innovation and Technology for the 21st Century (FIT21) Act, AKA ‘The Crypto Bill’, Passes US House
The Financial Innovation and Technology for the 21 Century (FIT21) Act, a bill that would treat crypto assets as commodities provided their blockchain is decentralized enough, has passed the US House of Representatives. According to a new press release by the Financial Services Committee, the House has passed the new crypto bill, which would bolster […]
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Bitcoiner raises the orange flag on Mount Everest
After weeks of climbing and acclimating to the altitude, Dadvan Yousuf removed the Bitcoin flag from his bag to show it off at the top of the world.
A 23-year-old crypto user has presented an orange flag with the Bitcoin (BTC) logo for observers to see at an elevation of 8,849 meters — the summit of Mount Everest.
In a May 23 X post, Dadvan Yousuf announced he had climbed the highest mountain in the world, reaching the summit on May 20. Surrounded by sherpas and fellow climbers, he used his time at the summit to show off two flags: for Kurdistan and the BTC logo.
“Funnily enough, other climbers asked about the memecoin pepe and where the best place to buy it was on the highest place on earth,” A spokesperson for Yousuf told Cointelegraph. “The sherpas were enthusiastic about the principle of Bitcoin and were visibly happy.”
Altcoin That’s Exploded Over 1,100% in Three Months Set To Outperform Large-Cap Memecoins, Says Crypto Analyst
A widely followed crypto trader believes that one red-hot altcoin is set up to outperform other large-cap memecoins. Pseudonymous crypto analyst Altcoin Sherpa tells his 216,200 followers on the social media platform X that memecoin Pepe (PEPE) has more upside potential based on buyer demand and trading volume. “If you’re looking for a big cap […]
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2025 to be ’a good year for crypto policy,’ industry experts say
Betting markets are currently showing a 72% chance of a spot Ether ETF approval in the United States.
After a wave of regulatory pushbacks against crypto within the last couple of years, industry experts are anticipating a much friendlier 2025, thanks in part to positive regulatory developments.
“2025 could be a good year for crypto policy,” wrote senior Bloomberg policy analyst Nathan Dean on May 23. “While I try to be neutral on #cryptoregulations, it feels like this week may be the turning point. #Bitcoin ETF approval, likely soon #Ethereum ETF approval and 71 House Democrats joining in on the FIT Act (not too mention SAB 121).”
Dean further explained that aside from crypto exchange-traded fund (ETF) approvals, stablecoin frameworks could also come to fruition by the end of next year. However, the analyst warned that the U.S. Securities and Exchange Commission still had the power to regulate projects that seek to classify their tokens as commodities instead of securities, though they are rather “nice to have” problems as the industry obtains further clarity under the law.
Coinbase reopens XRP trading in New York
Paul Grewal, Coinbase’s chief legal officer, announced that New York users of the exchange can once again trade XRP.
On May 23, Coinbase’s chief legal officer, Paul Grewal, announced that customers in the state of New York could once again trade XRP on the crypto exchange after a nine-month hiatus.
In a brief social media post, Grewal provided an update: “XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong partnership with the State. And now the word can be put out— we are back up.”
Following the United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple in 2020, XRP remained an embattled asset, facing scrutiny from government regulators and centralized exchanges alike.
Ethereum price crash attributed to MEV manipulation: Report
Ethereum crash likely caused by MEV manipulation, dropping nearly 5% in an hour. SEC decision on spot ETFs expected today.
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Coinbase Reenables XRP Trading in New York
“Coinbase Reenables XRP Trading in New York” – In a significant development for the cryptocurrency community in the Empire State, Coinbase has reenabled XRP trading in New York. The announcement was made by Paul Grewal, Coinbase’s Chief Legal Officer, via a social media post. Grewal stated, “XRP trading on Coinbase is available again in NY. […]Proof-of-restaking and extended consensus — Interview with Units Network
Emerging from past challenges, this initiative emphasizes decentralized governance and advanced consensus mechanisms to foster innovation.
The crypto industry has evolved dramatically, driven by innovations in decentralized finance (DeFi) and blockchain technology. Amid this transformation, Waves founder Sasha Ivanov has introduced Units Network. Designed as a foundational layer, Units Network connects ecosystem chains in a fully interoperable and trustless manner, featuring the restaking of any assets and secured by real-world assets (RWA).
In this interview, Ivanov discusses the strategies and innovations behind Units Network, its role within the Waves ecosystem and the broader implications for blockchain technology. He also reflects on past challenges, including the depegging of Neutrino USD and the impact of the FTX collapse, offering valuable insights into the future of decentralized finance.
Gala Says Hacker Has Returned Over $20,000,000, Plans To Reimburse Users Affected by the Exploit
Blockchain-based gaming platform Gala (GALA) says it recovered over $20 million worth of crypto assets that were stolen during a security breach earlier this week. In a statement, Gala says that a hacker initiated a transfer of $200 million in Gala tokens on May 20th, but the monitoring system flagged the suspicious activity, which allowed […]
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Spokesperson Hints at Sam Bankman-Fried’s Possible Move to California Prison
According to the Wall Street Journal, the convicted FTX co-founder Sam Bankman-Fried (SBF) is being transferred from the Metropolitan Detention Center in Brooklyn to an undisclosed location. Sources speculate that SBF might be headed to the Federal Correctional Institution in Mendota, California (FCI Mendota). SBF’s Potential Transfer to FCI Mendota Speculated A Wall Street Journal […]Hong Kong SFC mulls allowing staking for Ethereum ETFs
Hong Kong’s SFC considers allowing Ethereum ETF staking, diverging from US SEC’s stance. Decision expected today.
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Analyst: Gold Demand From China Continues Supporting the Bull Market
Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189. China Continues Propping […]99Bitcoins Token Passes $1.5M Presale Milestone Ahead of Learn-to-Earn Protocol Launch
The crypto education sector is about to be flipped on its head. 99Bitcoins Token (99BTC) has now raised over $1.5 million during its presale phase ahead of launching its groundbreaking “Learn-to-Earn” protocol. 99Bitcoins Token Rewards Crypto Knowledge with Learn-to-Earn System For those unfamiliar, 99Bitcoins has been simplifying crypto since the dawn of Bitcoin itself in […]
Grayscale Investments launches Near and Stacks crypto trusts
Grayscale launches NEAR and STX trusts, offering diversified crypto exposure for accredited investors.
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Render and Helium fuel expansion of Solana’s DePIN ecosystem: Flipside
Solana DePIN ecosystem shows strong growth with key projects like Render Network and Helium seeing increased activity.
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Coinbase resumes XRP trading in New York
Coinbase’s Chief Legal Officer said the exchange has resumed XRP trading for New Yorkers following collaboration with the State.
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Ethereum To Hit All-Time Highs ‘Very Very Soon’ Should ETF Be Approved, Says Economist Alex Krüger
Closely followed economist Alex Krüger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained “Bits + Bips” podcast, Krüger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum […]
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US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged to Maintain Consistency Between Ethereum and Bitcoin ETFs Five U.S. […]Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% […]
US Lawmakers pressure SEC for Ethereum ETF approval
US lawmakers urge SEC to approve ether ETFs, citing previous bitcoin fund approvals. Decision deadline is today.
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QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs
Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major […]Elusive 2010 Bitcoin Mega Whale Moves 2,000 BTC Worth $138M in Fourth Transfer of 2024
Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024. The large transfer marks the fourth occurrence of this whale this year, with a cumulative expenditure of 7,000 BTC worth over $486 million. Blockchain Parser Data Reveals 2010 Whale’s Bitcoin Transfers […]Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts
In a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will continue to gain momentum due to the growing influence of younger generations. He points out that ownership of crypto assets is currently highest among the 18-45 age group, with a significant drop-off after […]Crypto Trader Books 735,800% Profit on Large-Cap Memecoin That’s Just Hit New All-Time High: On-Chain Data
An early buyer of a top-30 memecoin by market capitalization has turned a few hundred dollars into millions within a period of a little over a year. According to blockchain tracker Lookonchain, the trader acquired billions of the Pepe (PEPE) memecoin days after it publicly launched. The trader then sold 42 billion Pepe tokens on […]
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Nigeria Appoints New Members to Blockchain Policy Steering Committee
The Director-General of the National Information Technology Development Agency in Nigeria announced on May 21 that new stakeholders have joined the blockchain steering committee. Malam Kashifu Inuwa stated that new members were incorporated to ensure comprehensive representation from both the public and private sectors. Blockchain Implementation in Preliminary Stages The Director-General of the Nigerian Information […]