Dough Finance shuttered after a $2.5-million hack. Its recycled founders returned with a new project, with Trump’s backing. In July 2024, Dough Finance, a Florida-based DeFi platform promising leveraged “looping” returns, fell prey to a flash-loan exploit that drained $2.5 million from user accounts. The exploit not only wiped out investor funds but also brought operations to a halt. Chase Herro and Zak Folkman founded Dough Finance in 2024 in Florida. The platform attracted investors by offering high-risk DeFi strategies such as looping, a process where traders reuse borrowed crypto. Here’s how looping works: Read more
The demand for an offline digital cash option has been intensifying since Russia invaded Ukraine. Is there a role for blockchain? The Ukraine-Russia War has shaken up the world in many ways. For the Nordic countries, two of which share borders with Russia (Finland and Norway), a military invasion is no longer unthinkable. For Sweden, it may also be prompting second thoughts about its “cashless society.” According to a recent report in The Guardian, Sweden is worried about hybrid warfare attacks from Russia, including cyberwarfare. This can take down critical infrastructure like power grids on which digital payment networks depend. The Swedish government has even advised its citizens to put aside some “cash” — just in case. “Nordics are walking back the cashless society initiative because their centralized implementation of the concept is too fragile. Cash turns out necessary as a backup,” Ethereum co-founder Vitalik Buterin posted on May 25, referencing The Guardian story. Read more
The Cointelegraph Decentralization Guardians (CTDG) initiative is operational with validators on Solana, Chiliz, Polkadot, Coreum, Canton and Mantra. Cointelegraph is evolving from industry commentary to active participation in securing Web3 with the launch of the Cointelegraph Decentralization Guardians (CTDG) initiative, debuting live, institutional-grade validators on major blockchains including Solana, Chiliz, Polkadot, Coreum, Canton and Mantra. The CTDG initiative functions as a multi-faceted program that combines running high-performance validator nodes across leading blockchain ecosystems with public education, data-driven network monitoring and increased visibility for partner protocols. Merging media operations with Web3 success support positions Cointelegraph as a direct contributor to the health and security of the industry it covers. The program’s mainnet validators are live, and its public dashboards are tracking key network statistics and validator performance. These tools are accompanied by ne...
Trump’s social media platform, Truth Social, proposed the issuance of a dual-spot Bitcoin and Ether ETF, backed by assets held by Crypto.com. US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether. Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital. The trust seeks to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) by offering shares backed by the crypto assets, removing the complexities stemming from direct investment. Read more
Yes, you can mine Bitcoin with a gaming PC — but between low performance, high electricity costs and tough competition from ASIC miners, it’s rarely worth the effort. As of May 2025, Bitcoin mining is looking attractive again. With Bitcoin (BTC) trading around $95,000 and transaction fees hitting new highs after the 2024 halving, mining rewards — though smaller — are worth chasing. From home setups to industrial-scale farms, the question of whether Bitcoin mining is profitable is back in the spotlight. And if you’re a gamer, chances are you’ve looked at your rig and wondered: Can a gaming PC mine crypto? After all, modern gaming computers are packed with powerful GPUs, solid cooling and lots of downtime, especially if you’re not gaming daily. It’s a fair question: Can you mine Bitcoin with a gaming PC? Read more
VCs time exits around unlock schedules, use OTC deals, stagger sells and monitor market sentiment to maximize profits and minimize impact. Token unlocks release previously locked tokens into circulation, often leading to increased volatility and price drops. Vesting schedules (cliff + linear release) aim to align early stakeholders’ incentives with long-term project success. VCs use advanced strategies such as OTC deals, staggered sales and derivatives to exit profitably and avoid crashing the market. Read more
The Central American country has continued its daily Bitcoin investments despite a non-accumulation deal struck with the IMF in December 2024. El Salvador, the world’s first country to adopt Bitcoin as legal tender, has continued buying the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that included provisions discouraging further accumulation. The government’s treasury wallet currently holds 6,209 Bitcoin (BTC), having added 240 BTC since Dec. 19, 2024, after the IMF deal was announced, according to data from El Salvador’s Bitcoin Office. In December, El Salvador struck a deal with the IMF for a $1.4 billion loan, which required the government to drop Bitcoin’s status as a legal tender and stop its public BTC accumulation. Read more
Strategy’s latest Bitcoin purchases were made following Strategy’s STRD, its third Bitcoin-backed preferred stock, launching on the Nasdaq on Wednesday. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, disclosed its latest BTC purchases made last week amid escalating geopolitical tensions in the Middle East. Strategy acquired 10,100 Bitcoin (BTC) for $1 billion during the week ending Sunday, the company officially announced on Monday. The purchases were made at an average price of $104,080 per coin, with Bitcoin dropping from $110,000 on June 9 to an intraweek low of $103,639 on Thursday, following the news that Israel had struck Iranian nuclear facilities. Read more