Crypto

Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May […] The post Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud appeared first on CryptoSlate.

The blockchain sector has matured and now requires physical communication infrastructure, according to DoubleZero co-founder Austin Federa. Public internet infrastructure is the critical speed and performance constraint on high-throughput blockchain networks, according to Austin Federa, co-founder and CEO of DoubleZero, a project developing high-speed fiber optic communication rails for blockchains. "The downside of the public internet is it was never built for high-performance systems. It was always built for this sort of relationship of one big server talking to one little server," Federa told Cointelegraph in an interview at Consensus 2025. The executive explained: The executive added that the constraint posed by public internet infrastructure is now the limiting factor in blockchain performance and not compute power or software development. Read more

The failed abduction follows two successful crypto kidnappings where victims were released missing fingers.

Arthur Hayes predicts Bitcoin could reach $1 million by 2028, an analyst says altcoins “powerful rally” looms: Hodler’s Digest Bitcoin has two strong tailwinds that will help propel it to seven digits in a few years, according to former BitMEX CEO Arthur Hayes. For Hayes, shifting capital controls worldwide and US Treasury devaluation means that Bitcoin will become the go-to safety net for investors everywhere. He summarized: Read more

Rising debt and no concrete plans to reduce government spending are the primary drivers behind the reduced credit assessment for the US. Moody's credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness. According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, leading to a growing national debt. The rating agency wrote: The credit downgrade is only one degree out of the 21-notch rating scale used by the company to assess the credit health of an entity. Read more

Users aren't buying xAI's explanation after Musk's Grok started randomly injecting "white genocide" into conversations.

XRP is below a crucial support level now but there's hope on the horizon.

A new on-chain valuation model from CryptoQuant has revealed which Bitcoin mining firms are trading at premiums, and which are likely undervalued.

Unsustainable costs and opaque pricing have created a major pain point for large financial institutions, Michael James told Cointelegraph. Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle network — told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities. In an interview at Consensus 2025, the executive said that Pyth Network's data pull model sets it apart from traditional pricing oracles, allowing customers to pay for data on demand, reducing costs for institutions reliant on real-time market data. According to the executive, the financial data industry is currently monopolized by around eight major providers that continually raise prices on clients arbitrarily. James added: Read more

The following is a guest post and opinion of Zac Cheah, Co-Founder of Pundi AI. The brouhaha over autonomous artificial intelligence (AI) agents taking up jobs and radically transforming industries like healthcare and finance requires close inspection. Autonomy is a spectrum, where even the most autonomous AI agents need some form of human intervention to […] The post Autonomous AI agents create new job opportunities appeared first on CryptoSlate.

AI tools are transforming how music is made, offering everything from lyrical inspiration to full-song production. Here are our picks.

The ETH/BTC price ratio has surged 38% from its lowest level since January 2020, flashing signals that ETH may soon outperform BTC.

The following is a guest post and opinion by Abbigale Kadar, Senior Digital Marketing Specialist of Polymath. For years, the crypto industry has operated in a regulatory gray zone—resulting in market manipulation, scams, and widespread mistrust. But that landscape is changing. Around the world, governments are rolling out clearer regulations that legitimize the space, standardize […] The post Compliant digital assets are winning the long game in crypto appeared first on CryptoSlate.

As crypto markets continue to rebound and investor sentiment strengthens, the appetite for early-stage opportunities has surged. Among the noise, one name has risen sharply through the ranks: Nexchain.ai, a cutting-edge Web3 project that’s igniting headlines and investor interest alike. Alongside it, emerging tokens like Punisher and Solaxy are building momentum, adding fire to what […]

There are few places on Earth as Bitcoin-friendly as the scenic Garden Route in South Africa, where Bitcoin circular economies have blossomed. South Africa’s Garden Route, famed for its lush forests, expansive beaches and charming towns, has become a testbed for Bitcoin adoption. From Mossel Bay to Witsand and Plettenberg Bay to Knysna, Bitcoin has become popular among shop owners and travelers alike for a multitude of reasons. “We’re seeing the early signs of a parallel, permissionless economy emerging across an entire region,” James Caw, founder of SimplB — a local crypto asset provider — told Cointelegraph, “where small businesses benefit from faster, lower-cost digital payments and where people have more options to earn, send and receive sound money securely.” Read more

Nasdaq-listed DeFi Development Corp. is adding to its Solana connections, teaming up with one of the network’s top meme coins.

Fintechs’ reliance on legacy financial infrastructure keeps them slow, costly and inflexible. It’s time to flip the script with a DeFi mullet. This way, companies can deliver more transparent financial services. Opinion by: Merlin Egalite, co-founder at Morpho Labs Fintechs in the front, decentralized finance (DeFi) in the back: the DeFi Mullet. Today’s fintech companies offer excellent user experiences but are constrained by traditional financial infrastructure — siloed, slow, expensive and inflexible. Meanwhile, DeFi provides lightning-fast, cost-effective, interoperable infrastructure but lacks mainstream accessibility. Read more

XRP holds $2.38 support as Ripple’s SEC case faces delay. Traders eye breakout levels amid legal clarity and technical consolidation. The post XRP Price Prediction: XRP Builds Momentum at $2.38 as Key Resistance Levels Come Into Focus for Traders appeared first on Cryptonews.

The 11 spot ETFs have attracted over $5.61 billion since early April, according to SoSoValue.

A partner at one of Silicon Valley’s most prominent venture firms has reportedly been caught in the fallout of Coinbase’s recent data breach. The post Sequoia Partner Caught in Coinbase Data Breach, More VCs May Be Affected appeared first on Cryptonews.