Crypto

Solana Foundation introduced the Solana Attestation Service on May 23, positioning the protocol as a trust layer for what the network’s backers call “internet capital markets.” The open-source service lets approved issuers bind off-chain credentials, such as know-your-customer results, geographic eligibility, or accreditation status, to a user’s wallet address without exposing personal data on-chain. Attestations […] The post Solana reveals attestation service to supercharge internet capital markets appeared first on CryptoSlate.

A second person suspected of being tied to the alleged kidnapping and torture of an Italian man for his crypto will surrender to New York City police, according to multiple reports. A second person suspected of being involved in a high-profile crypto kidnapping case in New York City is expected to turn himself in to police, according to several reports. The second man is a Swiss crypto investor who allegedly assisted business partner Joel Woeltz, who is accused of kidnapping Michael Valentino Teofrasto Carturan and torturing him in a Soho apartment in an attempt to pressure him into revealing his crypto wallet phrase, ABC7 New York reported on May 26. A separate NBC report said the Swiss trader —  who is not named — would turn himself over to police within a week. However, FOX5 New York reported that the man may already be in custody, citing conflicting sources. Read more

BitVM smart contract system is now supported by Bitcoin mining pools controlling 31.5% of the network’s hashrate. Bitlayer’s Bitcoin smart-contract system is being implemented by mining pools behind 31.5% of the network’s hashrate, a development that will help ensure that its system will operate on the Bitcoin blockchain, the company said. According to a May 27 announcement shared with Cointelegraph, Bitlayer’s BitVM implementation will be supported by major Bitcoin (BTC) mining pools including Antpool, F2Pool, and SpiderPool. Antpool CEO Andy Chow said: BitVM (Bitcoin Virtual Machine) is a framework that enables complex smart contracts to be deployed on the Bitcoin blockchain without changing the base protocol. The idea was introduced by Robin Linux in 2023, and allows for the complex computation involved in smart contract systems to be verified onchain and executed offchain in a way resembling optimistic rollups. Read more

AI art platform Civitai now accepts eight cryptos to purchase its own virtual currency, joining other NSFW businesses embracing the tech.

Bitlayer has partnered with major Bitcoin mining pools to promote the adoption of BitVM, a technology enabling Bitcoin-native DeFi.

Four Unitree robots battled it out in a fighting competition, controlled by human operators in an event reminiscent of 2011’s Real Steel.

A pseudonymous developer has unveiled a hackathon project enabling Bitcoin transactions without internet access via long-range radio.

Bitcoin price prediction: BTC holds $109K with $3.3B ETF inflows. Key levels, technical signals, and market outlook amid macro shifts. The post Bitcoin Price Prediction: BTC Holds $109K Amid ETF Inflows and Macro Shifts appeared first on Cryptonews.

Avraham Eisenberg was last year convicted for taking $110 million in crypto from the Solana-based DEX. But a judge just said there wasn't enough evidence he committed fraud.

Retail trading hasn't returned to Ethereum, a trend analysts say could point to hidden upside and a delayed rally phase.

Last week, the US Securities and Exchange Commission’s (SEC) Crypto Task Force intensified studies on how public blockchain technology can support the issuance and trading of tokenized securities. The group held separate meetings with Nasdaq, Plume Network, and Etherealize on how securities can be issued and traded on public blockchains. All three meetings resulted in […] The post SEC Crypto Task Force discusses securities tokenization with Nasdaq, DeFi startups appeared first on CryptoSlate.

Dubai has launched Prypco Mint, its first official tokenized real-estate platform, allowing fractional ownership from 2,000 dirhams and synchronizing records on the XRP Ledger with the land registry. Authorities expect up to $16B of property to be digitized, broadening global access by 2033. The post Dubai Launches Tokenized Real Estate Platform, Eyes $16B in Property Digitization by 2033 appeared first on Cryptonews.

The project expands on the Dubai Land Department’s other RWA tokenization initiatives, including one involving the real estate registry. Dubai has launched the first licensed tokenized real estate project in the Middle East and North Africa (MENA) region, previewing appetite for real-world tokenization in one of the world’s burgeoning crypto hubs. Partners in the project include the Dubai Land Department (DLD), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation, according to an announcement from the Dubai government. The tokens will be tradeable on the newly launched “Prypco Mint” platform, with Zand Digital Bank appointed as the bank for the project’s pilot phase. On May 19, Dubai’s Virtual Assets Regulatory Authority (VARA) updated its rules to include real-world asset (RWA) tokenization, allowing such tokens to be traded on secondary markets. Read more

Hundreds of crypto investors spent millions on Trump’s meme coin for a night with the president. Some didn’t get what they expected.

Google researchers found that cracking RSA encryption—the same tech that secures crypto wallets—needs way fewer quantum resources than anyone thought.

Bitcoin’s rally takes a pause pending US inflation data, but institutional investor demand remains strong. Key takeaways: Bitcoin is stuck below $110,000 due to macroeconomic uncertainty and Nvidia's earnings cap risk appetite. Strong spot BTC ETF inflows and Bitcoin options data are hints that US economic clarity could unlock BTC highs. Read more

A Cambodia crypto scam has been detailed by Humanity Research Consultancy as a $19 billion operation worth nearly 60 percent of Cambodia’s GDP. The report says Huione platforms and a state-linked stablecoin have processed billions while trafficked workers drive growing fraud compounds. The post Cambodia’s Officials Tied to $19B Crypto Scam Network Fueled by Forced Labor, Report Finds appeared first on Cryptonews.

The US regulator has issued guidance on several crypto-related activities, but has yet to clarify rules on staking. Cryptocurrency industry groups are urging the US Securities and Exchange Commission (SEC) to issue formal guidance on staking, citing continued regulatory uncertainty for Web3 infrastructure providers, according to Allison Muehr, head of staking policy for the Crypto Council for Innovation, a trade group. Clarifying the SEC’s position on staking has become a top priority for the crypto industry, Muehr said during Solana’s Accelerate conference in New York. “We’re about 25% of the way there,” Muehr said. “The SEC has done more constructive engagement with us in the past four months than in the last four years, but we still don’t have formal staking guidance.” Read more

Big Bitcoin moves in Sweden, mounting legal heat on Coinbase, and a violent crypto-related kidnapping unfolds in Manhattan - here's a quick recap.

A crypto investor sued Coinbase last week, alleging the exchange’s failure to disclose details of its businesses dealings with regulators and bad actors has caused shareholders to suffer “significant losses and damages.”