Crypto

Ramp, a US-based corporate card and financial operations platform, announced the expansion of its partnership with financial services company Stripe to launch the “industry's first stablecoin-backed corporate cards with fully integrated spend management software.” The post Ramp and Stripe Announce Stablecoin-Backed Corporate Cards appeared first on Cryptonews.

Tokyo-listed investment firm Metaplanet has significantly expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for approximately 18.4 billion yen ($126 million). The post Tokyo’s Metaplanet Buys Another $126M in Bitcoin, Bringing Holdings to  6,796 BTC appeared first on Cryptonews.

The next five years will likely see stablecoins substitute for some overseas and domestic U.S. currency holdings, according to a Citi Future Finance report.

Korean crypto markets are experiencing a rally, influenced by a $1 billion short squeeze and improving geopolitical sentiment.

Malaysia’s top energy provider says illegal crypto mining is straining the grid, with electricity thefts tripling since 2018.

The cryptocurrency had been trading in a narrow range since February, with resistance above $40 and support near $25.

Beat Holdings has raised its Bitcoin investment cap to $34 million, boosting its ETF exposure in a move that echoes Metaplanet's crypto bet.

The new pope has drawn parallels between today's AI development and the challenges of the Industrial Revolution.

An unknown attacker hacked into a moderator’s account and used a bot to share phishing links and steal user funds. Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on a third-party website. “One of our contracted moderators had their account compromised, which allowed a malicious bot to post scam links in one channel,” Ledger team member Quintin Boatwright wrote on the Ledger Discord server.  Some members in Ledger’s Discord channel claimed the attacker abused moderator privileges to ban and mute them as they tried to report the breach, possibly slowing Ledger’s reaction. Read more

Stock futures rose while crypto prices fell as markets reacted to vague but optimistic signals from U.S.-China trade talks.

South Korean presidential candidates and their supporters have clashed on the topic of stablecoins as crypto-related policies continue to dominate the political agenda. The post South Korean Presidential Candidates Clash in Bitter Stablecoin Row appeared first on Cryptonews.

Although the White House claimed progress was made, no official details on a deal were announced, casting doubts on the purported agreement. The White House announced that talks between the United States and China regarding a trade deal have made "substantial progress," yet no official deal has been announced at this time, leaving investors in doubt. According to a May 11 announcement from the White House, more details on the trade talks and the proposed "agreement" will be revealed on May 12. “I am happy to report that we made substantial progress between the United States and China in the very important trade talks," Treasury Secretary Scott Bessent said in a joint statement with US trade representative Jamieson Greer. Read more

The following is a guest post and opinion by Ruchir Punjabi, Co-Founder at ReNRG. Crypto, for all its growth, has an energy reputation problem. The proof-of-work era left a lingering carbon footprint, and while the industry has largely pivoted to more efficient mechanisms, the perception persists. Yet within the technology that birthed this conundrum lies […] The post Crypto’s energy problem may have a DePIN solution appeared first on CryptoSlate.

In his latest screed against Bitcoin and crypto, Peter Schiff went on the offensive against the e-gold theory of their value. He compared recent gold prices and BTC price changes.

News of the deal follows restructuring plans from OpenAI to focus on a public benefit corporation controlled by a non-profit organization. Tech company Microsoft and artificial intelligence firm OpenAI are reportedly in talks to renegotiate the investment deal between the AI firm and Microsoft, which is OpenAI's biggest financial backer. According to a report from the Financial Times, Microsoft may give up a portion of its equity in OpenAI for continued access to the AI company's products and models beyond 2030, when some of the original terms of a deal signed between the two companies expire. Microsoft has invested over $13 billion into OpenAI since 2019, when it first acquired an interest in the artificial intelligence firm. Read more

Looking for the latest on crypto games, including new releases, token launches and airdrops, and more? Here's what you need to know.

Veteran trader Peter Brandt said Ethereum price could "moonshot" to new highs if it can break out of a congestion pattern. Key Takeaways: Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern. A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders. Read more

Bitcoin rallied within 5% of its previous all-time high, and bulls expect the level to be conquered this week. Key points: Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588. BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand.  Read more

With the removal of OP_RETURN from Bitcoin Core, the network is opening up to storing files on the blockchain. That could be a boon for Bitcoin NFTs. Will issuance be next?

Several states have pushed back against Bitcoin or crypto reserve bills, stalling efforts to integrate digital assets into public finance.