Cointelegraph.com
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Cointelegraph.com - 07:00 May 20, 2026
Approximately 49,000 workers were laid off in 2026 as companies adopted a more AI-reliant business model. Meta has reportedly begun cutting staff in Singapore as the company executes a plan to reduce employee numbers by 8,000 to lean more heavily on AI. Emails were sent out at 4 a.m. Singapore time to affected employees, and staff in the US and Europe were also expected to be notified that morning, Bloomberg reported on Tuesday, citing people familiar with the matter. Meta’s engineering and product teams are expected to be hit hardest. Meta is one of several Big Tech firms cutting staff while investing heavily in AI infrastructure in an effort to streamline operations and reduce costs. An estimated 49,135 layoffs have occurred at US companies in 2026 as a result of AI integration. Read more -
Cointelegraph.com - 07:00 May 20, 2026
The remittance company partnered with Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate transactions across its global payments network. MoneyGram partnered with payments-focused blockchain Tempo to support stablecoin settlement and help validate remittance transactions on the network, as remittance companies increasingly adopt blockchain technology for cross-border transfers. The companies said Stripe plans to settle transactions to MoneyGram using Tempo’s infrastructure as part of efforts to move treasury and payment flows onto stablecoin rails. Tempo is a Layer 1 blockchain incubated by Stripe and Paradigm that focuses on stablecoin transfers and cross-border payments. In April, Visa became an early validator on Tempo, alongside companies including Stripe and Zodia Custody. Read more -
Cointelegraph.com - 04:58 May 20, 2026
“Congress has the power to slam the brakes on this unwise conflict,” said bill sponsor and Democratic Senator Tim Kaine. The United States Senate has voted to advance a resolution that could force US President Donald Trump to seek congressional authorization to continue the country's war with Iran. The vote on a procedural war-powers measure on Tuesday passed by 50 to 47, with four Republicans also voting in favor, according to Reuters. Policymakers have been arguing that Congress, not the president, should have the power to send troops to war, as spelled out in the US Constitution. Read more -
Cointelegraph.com - 04:44 May 20, 2026
AI Financial Corp. posted a net loss of $271.5 million in the first quarter of 2026 as it flagged significant doubt about its ability to continue operating for the next 12 months. AI Financial Corp., a World Liberty Financial token treasury company, said its working capital deficit and liabilities are casting significant doubt on its ability to continue over the next year. The company, which has World Liberty CEO Zach Witkoff as its chairman, reported a net loss of $271.5 million in its first-quarter results on Monday, compared to losses of $2.4 million a year ago. The firm, formerly known as ALT5 Sigma, said that as of March 28, it had a working capital deficit of around $5.5 million, with $39.1 million in liabilities against $32.2 million in assets. Read more -
Cointelegraph.com - 03:14 May 20, 2026
Bankr recommends that affected users create a new wallet, generate a new seed phrase on a clean device and revoke approvals if remaining assets can’t be moved. AI-powered crypto trading assistant Bankr said it disabled transactions after identifying an attacker who gained access to at least 14 wallets, with users reporting that as much as $150,000 in crypto was drained from some. In an X post on Tuesday, Bankr said it was investigating reports that several wallets had been compromised and that transaction activity, including swaps, transfers and deployments, had been disabled “out of caution” while the investigation continues. “We've identified an attacker was able to access 14 Bankr wallets. We've temporarily locked things down while we work through the details. We will be reimbursing any and all lost funds. Will provide more updates as we have them,” it added. Read more -
Cointelegraph.com - 02:42 May 20, 2026
The crypto ETFs were intended to be part of Trump Media & Technology Group’s broader crypto strategy, which included the launch of the Truth.fi financial platform. Asset manager Yorkville America has requested the withdrawal of multiple crypto exchange-traded fund applications filed on behalf of the Donald Trump-backed Truth Social after changing its product strategy. Yorkville America said Tuesday that it is moving away from offerings registered under the Securities Act of 1933, such as the proposed Truth Social Bitcoin ETF, to structures under the Investment Company Act of 1940, saying the shift would enable it to offer more innovative products while benefiting from stronger investor protections and tax efficiencies. Yorkville America’s Truth Social Bitcoin & Ethereum ETF and Truth Social Crypto Blue Chip ETF were also withdrawn. The asset management firm said it “initiated this process after determining the '40 Act framework provides a structure for delivering the differentiated, rules-based investment st... -
Cointelegraph.com - 00:15 May 20, 2026
Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next? Key takeaways: Solana's native token SOL (SOL) faced a 15% correction following a rejection at $98 on May 11. A retest of the $83 level on Tuesday was followed by negative futures funding rates, indicating increased demand for short SOL positions. While declining network activity contributed to the price drop, competition among rival blockchain networks has picked up. Read more -
Cointelegraph.com - 21:39 May 19, 2026
Bernstein says miners control 27 GW of planned power and $90 billion in AI deals, giving them a strategic edge as electricity becomes the main constraint on data center growth. Bitcoin miners are emerging as an important part of the AI infrastructure supply chain because they control large amounts of power capacity and data center real estate that are increasingly difficult to secure, according to a new research note from Bernstein. Analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra estimate that publicly traded Bitcoin miners control more than 27 gigawatts of planned power capacity and have announced more than $90 billion in AI-related agreements covering 3.7 gigawatts with hyperscalers, neocloud providers and chipmakers. An April 29 research brief from RAND said that it expects the US will add approximately 82 GW of additional net available capacity by 2030. Read more -
Cointelegraph.com - 20:34 May 19, 2026
Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000. Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone. Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels. The visible range volume profile (VRVP) indicator shows the $68,000-$70,000 region as the most densely traded zone on the chart since November 2025. High trading activity in that price range suggests most positions were opened near those levels over the past few months. Read more -
Cointelegraph.com - 19:14 May 19, 2026
New markets will let users trade on fundraising, valuation and other startup milestones using data from Nasdaq Private Market, extending forecasting into private capital. Polymarket has launched a new category of prediction markets tied to private companies, allowing users to trade on questions related to pre-IPO companies — a move that could bring greater price discovery to private markets, where valuation data is often limited and opaque. The new offering, announced Tuesday, was developed in partnership with Nasdaq Private Market, a platform that facilitates secondary trading in shares of privately held companies. Nasdaq Private Market will provide the underlying data and market infrastructure for the contracts. The markets are designed to reflect expectations around events such as fundraising rounds, valuation changes and other corporate milestones involving startups and late-stage private companies. The launch expands Polymarket’s product lineup beyond its core markets focused on politics, macroeconomic e... -
Cointelegraph.com - 17:30 May 19, 2026
The Massachusetts lawmaker asked the US Comptroller of the Currency to provide all communications between the agency and Donald Trump potentially related to the charter approvals. Massachusetts Senator Elizabeth Warren accused the US Comptroller of the Currency (OCC) Jonathan Gould of violating banking laws by approving national trust charters for cryptocurrency companies. In a Monday letter to Gould, Warren said the OCC head had “approved at least nine national trust charters for crypto companies that intend to engage in activities that appear to go far beyond the narrow set of activities permitted by law,” an apparent violation of the National Bank Act. Source: US Senate Banking Committee Read more -
Cointelegraph.com - 16:54 May 19, 2026
The UK central bank said digital money should remain trusted and interoperable as it weighs stablecoin reforms and near-24/7 settlement to support tokenized markets. The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce costs, speed settlement and increase competition. Speaking at London's City Week on Tuesday, Breeden said tokenization — the representation of assets and money on digital ledgers — could improve the efficiency and functionality of payments and financial markets, provided that trust and interoperability are preserved. Breeden stressed that central bank money will remain the foundation, or “anchor,” of the monetary system, even as private-sector innovations such as tokenized deposits and regulated stablecoins gain traction. Read more -
Cointelegraph.com - 16:20 May 19, 2026
Spot XRP ETFs record net inflows for nine days, absorbing sell pressure and potentially supporting an XRP price recovery over time. XRP (XRP) has fallen 12% over the last five days, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: Since early February, the XRP/USD pair has been consolidating inside a bear pennant on the three-day chart. Read more -
Cointelegraph.com - 16:00 May 19, 2026
BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support." Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens. Key points: Read more -
Cointelegraph.com - 16:00 May 19, 2026
Global internet freedom has declined for 15 consecutive years, with more countries restricting access to more of the internet, according to Freedom House. A coalition of privacy and internet freedom advocates led by the Tor Project has announced a new crypto funding campaign to support censorship-resistant digital infrastructure. The first-of-its-kind Web3 crowdfunding campaign for internet freedom tools will support 10 nonprofit projects working across privacy, censorship circumvention, secure communications and public-interest digital infrastructure, according to the campaign leaders, Tor Project and Funding the Commons. The campaign, which kicks off May 19, accepts crypto contributions in Bitcoin (BTC), Ether(ETH), Zcash (ZEC), Monero (XMR) and Golem (GLM). Read more -
Cointelegraph.com - 16:00 May 19, 2026
5,800 users in two hours. One QR code. One bow that went viral. 5,800 users in two hours. One QR code. One bow that went viral. Some platforms launch with a whitepaper. Some with a token. GraphDex launched with a hedgehog, a condom, and the co-founder of Ethereum bowing in respect. A short video from Token2049 Singapore, recorded in September 2024, resurfaced across X this week at precisely the moment GraphDex went live. In this video, the project's hedgehog mascot moves through the conference floor, greets attendees, and hands a branded condom to Vitalik Buterin. The condom carries GraphDex branding and a QR code that opens the app directly. Buterin takes it and then bows to the hedgehog. Read more -
Cointelegraph.com - 14:20 May 19, 2026
Crypto scammers face the death sentence in Myanmar. Australia’s new crypto taxes may push startups and investors to Asian hubs: Asia Express. -
Cointelegraph.com - 14:19 May 19, 2026
More than 10,000 Bitcoin have been sold at a loss by short-term holders in recent days, adding fuel to analysts’ predictions that BTC price will fall to $65,000. Bitcoin (BTC) price dropped to $76,500 on Monday, erasing nearly all of this month’s gains as fresh US-Iran war tensions soured the crypto market sentiment. This has led investors and traders to reevaluate their risks and stay cautious, with many recent buyers selling their BTC at a loss. Key takeaways: Bitcoin has retraced 7% from its local high of $82,800 set on May 6. The rejection from the 200-day moving averages at $82,000, the daily close below the true market mean, and the short-term holder cost basis around $78,000 have cemented a more risk-off stance among Bitcoin investors. Read more -
Cointelegraph.com - 14:07 May 19, 2026
Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs. Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous quarter, according to a Tuesday press release. Industrial mining equipment remained the company’s primary revenue driver at $39.6 million, though sales tumbled 75% from the prior quarter. Self-mining contributed $19.1 million, while the home mining segment brought in $2.7 million, a category that more than doubled year-on-year. Read more -
Cointelegraph.com - 13:39 May 19, 2026
Estonia’s FIU has partially suspended BB Trade Estonia OÜ’s license, giving the Zondacrypto operator 30 days to fix compliance issues or risk full revocation. A European regulator has partially suspended the operating license of the company behind troubled crypto exchange Zondacrypto. The Financial Intelligence Unit (FIU) of Estonia partially suspended the license of BB Trade Estonia OÜ, operating under the Zondacrypto brand, according to a statement on Monday. According to the FIU, the company is now barred from accepting deposits and onboarding new clients, while existing users are still allowed to withdraw their funds. Read more
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