Cointelegraph.com
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Cointelegraph.com - 21:54 May 07, 2025
The company has obtained a brokerage license in Lithuania as part of its planned expansion into the European market. Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities. According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on a blockchain. Read more -
Cointelegraph.com - 21:30 May 07, 2025
One analyst says a weak US dollar is part of a plan to fix the US financial system. Will Bitcoin benefit from a weaker DXY? What to know: Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system. Bitcoin and gold are well-positioned to benefit from de-dollarization. Read more -
Cointelegraph.com - 21:21 May 07, 2025
John Karony took to social media as his criminal trial for fraud and money laundering charges began in New York. Braden John Karony, the former CEO of crypto firm SafeMoon, made an out-of-court statement claiming innocence as his criminal trial began in New York. In a May 6 X post after court proceedings had likely ended for the day, Karony said he was innocent and “did not commit fraud” in response to media coverage of his trial. The former CEO, as well as SafeMoon creator Kyle Nagy and former chief technology officer Thomas Smith, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of the platform’s SFM token. According to reporting from the US District Court for the Eastern District of New York (EDNY) on May 6, Karony implied that Nagy, who reportedly fled to Russia after authorities filed charges, was responsible for some of the alleged fraud at SafeMoon. On the first day of the trial, after jury selection, Smith reportedly appeared as a witness for the pros... -
Cointelegraph.com - 21:05 May 07, 2025
The network's token price and onchain metrics are rising after a period of stagnation in 2023. Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) has emerged as among the market’s most resilient cryptocurrencies, surpassing all-time highs in the first quarter of 2025 even as the broader crypto market trended downward. Read more -
Cointelegraph.com - 20:20 May 07, 2025
Ethereum’s Pectra upgrade made some much-needed improvements. Will ETH price respond by rallying in the near future? Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Read more -
Cointelegraph.com - 19:57 May 07, 2025
Coinbase users are falling prey to social engineering scams, costing users tens of millions of dollars in losses, according to ZackXBT. Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone. According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT said is a problem unique among crypto exchanges: Cointelegraph reached out to Coinbase but was unable to get a response by the time of publication. Read more -
Cointelegraph.com - 19:24 May 07, 2025
Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China. Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome. Bessent’s remarks echoed those of other Republican lawmakers and President Donald Trump, who initially claimed he wanted to make the US the “crypto capital of the world” during his 2024 campaign. The Treasury Secretary was likely referring to the draft of a digital asset market structure bill released by House Republicans on May 6 and the GENIUS bill to regul... -
Cointelegraph.com - 18:43 May 07, 2025
The malware, LOSTKEYS, can steal files from hard-coded extensions and directories, according to Google. Threat group COLDRIVER is using new malware to steal documents from Western targets, according to a May 7 report from Google Threat Intelligence. The malware, called LOSTKEYS, shows the evolution of the group from credential phishing to more sophisticated attacks. According to the Google report, the new malware is installed through four steps. The process involves a “lure website” with a fake CAPTCHA, a PowerShell script downloaded to the user’s clipboard, some device evasion, and retrieval of the final payload. Lastly, the malware is installed. LOSTKEYS is capable of stealing files from extensions and directories. It can also send system information and running processes back to COLDRIVER. The address from which the parts of the attack come is “165.227.148[.]68” according to Google. Read more -
Cointelegraph.com - 18:09 May 07, 2025
Funds continue to flow into Bitcoin, boosting its realized capitalization to $890 billion as traders position for a possible rally to $100,000. Key Takeaways: Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Read more -
Cointelegraph.com - 18:00 May 07, 2025
Vivek Ramaswamy's asset management firm is going public through a reverse merger and will use shares to buy Bitcoin. Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company. According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC). The deal will see Strive merging with Asset Entities — a social media marketing company listed on the Nasdaq. The combined entity will operate under the Strive brand and use its access to the public equity markets to finance Bitcoin purchases, the company said. Read more -
Cointelegraph.com - 17:06 May 07, 2025
Bitcoin’s bounce off the lower levels increases the possibility of a rally to $100,000. Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Read more -
Cointelegraph.com - 16:50 May 07, 2025
Bybit is the second-largest cryptocurrency exchange by trading volume in the world, behind only the Binance exchange. The Bybit exchange has recovered its liquidity to pre-hack levels just 30 days following the February 2025 attack that drained nearly $1.5 billion in funds. According to a report from crypto research and analytics firm Kaiko, Bitcoin's (BTC) 1% market depth, a measure of liquidity, returned to pre-hack levels of around $13 million per day in March 2025. Altcoin liquidity levels on the exchange have been slower to recover than Bitcoin but have rebounded to around 80% of the pre-hack levels. The authors of the Kaiko report added: Read more -
Cointelegraph.com - 16:14 May 07, 2025
More than half of the top 25 TRUMP tokenholders — those eligible to apply for a "VIP tour" with the president — reportedly used foreign exchanges that exclude US-based users. At least some of the top holders of Donald Trump’s memecoin who apply to attend a private dinner with the president could be based outside the United States. According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In addition, more than half of the top 220 holders — the group eligible to apply for a dinner with the president — also used exchanges in other countries. As of May 7, the identities of the top tokenholders and those who might choose to apply for the May 22 Trump dinner and “special VIP tour” were unknown. However, the project stated that anyone who applied could not bring guests, had to pass a background check, and “can not be from ... -
Cointelegraph.com - 15:52 May 07, 2025
Bitcoin profit-taking "dominates" as price continues to rise, and this can easily extinguish the bull market comeback, research from CryptoQuant warns. Key points: Bitcoin investors are making the most of the highest price levels in several months by cashing out profits. These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse. Read more -
Cointelegraph.com - 15:00 May 07, 2025
SocialFi's struggle to succeed stems from technical hurdles, user experience barriers, and fragmentation. It needs purpose-built infrastructure, seamless user experiences, and innovative social networking models. Opinion by: Anurag Arjun, co-founder of Avail On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at just 80,000 daily active users before falling below 10,000. What's holding SocialFi back? Why does it seem to be following Friend.tech's fade into obscurity rather than rising to rival Facebook's dominance? Read more -
Cointelegraph.com - 14:43 May 07, 2025
Security should be transparent, auditable, and accessible to everyone building in this space, a Safeheron spokesperson told Cointelegraph. Safeheron, a digital asset infrastructure provider based in Singapore, has introduced an open-source Trusted Execution Environment (TEE) framework. This solution could bolster security and privacy for Web3 in sectors like decentralized finance (DeFi), payment services, and decentralized autonomous organizations. The TEE framework is the first built upon the native Intel SGX SDK and developed using modern C++, a general-purpose object-oriented programming language often used for operating systems, game development, and high-powered computing. Safeheron decided to open-source the framework because the company had seen growing concerns across the industry about closed, opaque systems, especially as security incidents have become more widespread. Read more -
Cointelegraph.com - 14:39 May 07, 2025
XRP price is up today as macroeconomic conditions improve, but traders say key support levels must hold to sustain a recovery to new all-time highs. Key takeaways: XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery. Whale accumulation signals XRP price strength. Read more -
Cointelegraph.com - 14:30 May 07, 2025
Bitcoin OG Adam Back is used to being asked if he’s Satoshi… and has to laugh at some of the crazy conspiracy theories about Blockstream. For a man who many believe could actually be Satoshi, Blockstream CEO Adam Back is surprisingly understanding on the question of normies buying so-called paper Bitcoin via the ETFs. You have to have some empathy for the people who want to buy Bitcoin, but they dont know how to do it, and its too complicated, Back tells Magazine. There are limits to his tolerance though. You also dont really want 90% of it in ETFs or something because that might start to become a problem, says the London-born, Malta-based cryptographer. Read more -
Cointelegraph.com - 13:16 May 07, 2025
Visa invests in London-based stablecoin payment startup BVNK through its Visa Ventures arm, marking another step in its growing involvement in crypto. Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation. According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote: Rubail Birwadker, head of products and partnerships at Visa, explained that “stablecoins are fast becoming a part of global payment flows.” He said that Visa invests in new technologies and builders, such as BVNK, who are involved in “what’s next in commerce to better serve our clients and partners.” Read more -
Cointelegraph.com - 12:53 May 07, 2025
At the Blockchain Baddies event during Token2049 in Dubai, women in Web3 shared how clarity, education and community are key to attracting more women into crypto. In an industry filled with complexity, jargon and mistrust, women in Web3 say that the way to attract more women into the crypto space starts with clarity, education and community. At the Blockchain Baddies side event during Token2049 in Dubai, women shared personal experiences of entering the Web3 world and why they believe more female participation is essential for the future of crypto. In interviews with Cointelegraph, community members said the path forward begins with simplifying technical concepts and fostering environments where women can learn and grow. Read more
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