Crypto

Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs. 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 limited user account data. “These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected. Read more

Telegram banned thousands of accounts linked to the black market, formerly Huione Guarantee—but spin-offs are already filling the void.

CoreWeave's Q1 revenue surged fivefold to $981M, but widening losses and $23B in projected spending raise concerns over profitability.

MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant's crypto push amid competition with Visa.

If signed by the Governor, Nebraska's bill would take effect this October, regulating crypto miners using over 1 MW of electricity.

The Ethereum Foundation has launched a three-phase initiative to strengthen network security and support broader onchain adoption.

Crypto and stock trading platform eToro closed its first day of public trading up 28.9% after it jacked up its IPO at the 11th hour. Crypto and stock trading platform eToro has seen its share price gain nearly 30% during its debut on the Nasdaq after the company made a last-minute boost to its initial public offering. Shares in eToro Group Ltd (ETOR) closed May 14 trading at $67, up 28.9% from its initial offering price of $52, according to Yahoo Finance. It brings the company’s market value to over $5.5 billion. Its stock price shot to a high of $74.26 during the trading day before cooling and has also slightly dipped by 0.7% after the bell to $66.53. Read more

Many crypto startups are losing out on venture capital opportunities due to their valuation-to-revenue ratios being excessively high, an industry executive said. Too many crypto startups are pricing themselves out of venture capital funding by chasing valuations far exceeding their revenues, according to Dan Tapeiro, the CEO of crypto-focused venture capital firm 10T Holdings. “For some reason, founders and CEOs think that they should be raising capital at 50 to 80 times revenue. So that makes it very hard for us to make a return for our liquidity providers,” Tapeiro said while speaking in a panel discussion at the Consensus conference in Toronto on May 14. 10T Holdings has passed on over 200 companies for similar reasons, including the now-bankrupt FTX, BlockFi and Celsius, Tapeiro said.  Read more

Elon Musk’s AI chatbot Grok is inserting off-topic “white genocide” claims into user queries, sparking backlash among users.

The Rideshare firm began sourcing map data from a Hivemapper-powered platform last year, Decrypt has learned.

Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations.  Bitfarms said in its latest Management’s Discussion and Analysis of the first quarter performance that the lower financial income contributed to […] The post Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M appeared first on CryptoSlate.

Retail investors have been the biggest net sellers of Bitcoin throughout 2025, but this might change once BTC hits new price highs. Key takeaways: Google search data and app rankings show retail Bitcoin investor demand near 6-month lows. Retail investor interest typically peaks 1 week after BTC breaks all-time highs. Read more

Asprey Studio’s 11 sterling silver sculptures based on Albrecht Dürer’s 1514 print will be paired with Bitcoin Ordinals inscriptions.

Russian power engineers say they have developed new methods to help them track down and prosecute illegal crypto miners operating in areas prone to electricity shortages. The post Russian Power Engineers Develop New Solutions to Hunt Illegal Crypto Miners appeared first on Cryptonews.

The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a long-term plan to raise Ethereum’s security standards in line with its growing importance in global finance. The Foundation said it aims to position Ethereum as a network capable of securely holding trillions of dollars in assets for individuals and institutions. According to the […] The post Ethereum Foundation aims to secure the future with trillion-dollar security initiative appeared first on CryptoSlate.

Dogecoin price continues to gain strength after the SEC acknowledged 21Shares’ spot DOGE ETF filing, and the altcoin’s active addresses increased by 528%. Key Takeaways: Dogecoin's active addresses surged 528% to 469,477. DOGE’s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest. Read more

Shiba Inu price has sustained a strong climb since early April, supported by easing US-China tariff pressures, cooler inflation and steady economic data. Breaking a long-term downtrend and bouncing off key moving averages, the meme token has eyed a potential doubling toward late-2024 highs. The post Shiba Inu Price Analysis: SHIB Primed For 2x Explosion as Meme Season Returns appeared first on Cryptonews.

Coinbase CEO Brian Armstrong has called on former Department of Government Efficiency staff to apply through a fast-track hiring route, citing their “proof-of-work.” His appeal follows reports of social backlash for DOGE workers and growing criticism of Elon Musk’s deregulation project. The post Coinbase Fast-Tracks Ex-DOGE Staff Amid Musk Deregulation Backlash appeared first on Cryptonews.

Bitwise Chief Investment Officer Matt Hougan said on May 14 that a “big unlock” is occurring across the financial advisory space regarding crypto investments. After attending a major advisory firm’s conference, Hougan shared his expectations that most major firms will enable crypto exchange-traded product (ETP) access by the end of 2025.  He added that interest […] The post Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm appeared first on CryptoSlate.

BitGo’s stablecoin-as-a-service has drawn significant interest from U.S. and international banks, Ben Reynolds said.