Cointelegraph.com
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Cointelegraph.com - 12:31 May 04, 2026
Crypto industry body DAXA said the proposed rules could push suspicious transaction reports from South Korea’s five largest exchanges to more than 5.4 million a year, Yonhap reported. South Korea’s crypto industry has reportedly warned that proposed Anti-Money Laundering (AML) rule changes could create operational confusion by forcing virtual asset service providers (VASPs) to report all overseas-linked virtual asset transfers worth 10 million Korean won (about $6,800) or more as suspicious transactions. According to a Yonhap News report on Sunday, the Digital Asset eXchange Alliance (DAXA), an industry body representing South Korean exchanges, submitted comments on the proposed changes to the Enforcement Decree of the Specific Financial Information Act and related supervisory rules. The comments reflected the views of 27 registered VASPs, including the country’s five major exchanges: Upbit, Bithumb, Coinone, Korbit and Gopax. DAXA said the proposal could increase suspicious transaction reports from South Kor... -
Cointelegraph.com - 11:35 May 04, 2026
Bitcoin traders are split on whether the asset will hit $250,000 this year, a court rejects Sam Bankman-Fried’s motion for a new trial. -
Cointelegraph.com - 11:05 May 04, 2026
Bitcoin gained fresh bullish BTC price targets after hitting new three-month highs above $80,000. Bitcoin (BTC) starts a new week in fighting form as $80,000 returns after a three-month absence. It started with a breakthrough a key 21-week trend line last week, and now, Bitcoin is back at $80,000 for the first time in three months. Data from TradingView shows new local highs of $80,617 on Bitstamp. Read more -
Cointelegraph.com - 11:00 May 04, 2026
GameStop proposes a $55.5 billion cash-and-stock takeover of eBay, disclosing a 5% stake and says CEO Ryan Cohen would lead the combined company. GameStop proposed an unsolicited, non-binding $55.5 billion acquisition of eBay in a cash-and-stock deal, as the video game retailer looks to push further beyond its legacy retail business. The company on Sunday submitted a non-binding proposal to acquire 100% of eBay at $125 per share in cash and stock, according to an announcement. The offer includes a 46% premium to eBay’s unaffected closing price on Feb. 4, 2026, when GameStop began building its position in the company. GameStop also disclosed it has accumulated a roughly 5% economic stake in eBay through derivatives and common stock holdings. Read more -
Cointelegraph.com - 10:05 May 04, 2026
The Blockstream CEO subscribed to 10 million warrants as Capital B pushes ahead with its Bitcoin treasury strategy. Capital B raised 1.1 million euros ($1.28 million) through a warrant issuance subscribed by Blockstream CEO Adam Back, extending the cryptographer’s backing of the French-listed Bitcoin treasury company. Back subscribed to 10 million subscription warrants at $0.13 each, according to a Monday announcement from Capital B. Each warrant gives Back the right to buy one new share of future company stock at the exercise price of $0.98, corresponding to the company’s market net asset value (mNAV) of 1.1 per share, the company said. The deal would increase Back’s exposure to Capital B, where he is already one of the company’s largest strategic investors. Back now holds over 39.5 million shares or 9.97% of Capital B’s shares on a fully diluted basis. Back is best known as the inventor of Hashcash, the proof-of-work system cited in the Bitcoin white paper. Read more -
Cointelegraph.com - 08:27 May 04, 2026
Gerstein Harrow has filed similar cases in the past, arguing its clients have a claim to funds stolen by the DPRK and frozen by crypto firms. A US law firm has filed a restraining notice to block the transfer of frozen Ether from the Kelp exploit, arguing that its clients are owed over $877 million in compensation and damages by North Korea. Charlie Gerstein, a lawyer for US law firm Gerstein Harrow LLP, said in a post on the Arbitrum DAO forum on Friday that a New York district court signed off on a restraining notice and three writs of execution preventing the DAO from moving the Ether under threat of contempt of court. The law firm argued that its clients, who were not affected by the Kelp exploit, won default judgments against North Korea in three separate US court cases in 2010, 2015 and 2016 and are owed a collective $877 million in compensatory and punitive damages, plus interest. Read more -
Cointelegraph.com - 06:54 May 04, 2026
Bitcoin soared as the MSCI AC Asia Index rose to a new high on Monday, an early indicator that investors viewed the weekend developments in a reasonably positive light. Bitcoin breached $80,000 on Monday, rising 2.7% over a three-hour span as Asian equities began trading, marking its highest price since Jan. 31, 2026. The Bitcoin rally began at 1:25 am UTC, rising from $78,415 to break the $80,000 level about 75 minutes later, before climbing to $80,515 by 4:20 am UTC, according to TradingView data. Bitcoin’s price change on Coinbase on Monday. Source: TradingView Read more -
Cointelegraph.com - 05:35 May 04, 2026
The CFTC received more than 1,500 responses to its prediction market rulemaking proposal, with respondents divided on how it should police the platforms. The US Commodity Futures Trading Commission received more than 1,500 responses to a proposed rule tied to prediction markets, with some backing the regulator while others called for a tougher crackdown on the platforms. The CFTC’s request for public comments on a rule it proposed in March that would allow it to amend or issue new regulations for event contracts on prediction markets ended on Thursday, drawing responses from prediction markets, crypto firms and consumer advocacy groups. Kalshi co-founder and chief operating officer Luana Lopes Lara backed the CFTC in a letter on Thursday, saying its existing regulations were “well-designed and effective,” urging it to give guidance to ensure “that the universe of event contracts can continue to be listed, traded, and overseen by the Commission.” Read more -
Cointelegraph.com - 04:44 May 04, 2026
John Palmer, a developer and brand adviser, agreed, said it "feels like a bug" to call them stablecoins and that they should have a self-defined and non-reactionary name. Stablecoins, the name given to cryptocurrencies pegged to the price of a stable asset such as the US dollar or gold, have outgrown their label as they become part of the global financial system, said Robert Hackett, head of special projects at a16z crypto. Hackett said in a report on Friday that the term “stablecoins” was coined in crypto’s early years, when wild volatility defined the space and the tokens were created to maintain stable value and encourage their use for everyday financial activity. “The name was straightforward, if slightly defensive: not a volatile coin, but a stable one. It described the problem it solved perfectly. But the technology has since outgrown the label,” he said. Read more -
Cointelegraph.com - 04:23 May 04, 2026
The US-to-Mexico remittance corridor, while still the largest, shrank 4.5% in 2025 as other Latin American corridors grew. Fintech and stablecoin companies should consider looking outside of the US-to-Mexico corridor to win the $174 billion Latin America remittance market, according to a former Bybit executive. Most firms have focused too narrowly on the $61.8 billion US-Mexico remittance market and are missing faster-growing corridors between the US and Central America, as well as remittances within Latin America, Bybit's former chief marketing officer, Claudia Wang, said in a post on X on Sunday. “The corridors that look ‘hot’ right now are not the corridors most fintechs are optimized for,” she said, citing Venezuela-to-Colombia, Argentina-to-Bolivia and Spain-to-Ecuador as examples. The non-US-to-Mexico remittance market stands at about $112 billion. Read more -
Cointelegraph.com - 21:56 May 03, 2026
Michael Saylor signaled a “pause” on BTC buying ahead of Tuesday’s earnings report, with Wall Street expecting a loss for Q1. Strategy, the world’s biggest public Bitcoin holder, is taking a break from crypto purchases as the company readies its first quarter earnings report, slated for Tuesday. On Sunday, Executive Chairman Michael Saylor announced “No buys this week” in a post on X, where he has regularly provided a signal of planned purchases. In its most recent purchase, the Tysons Corner, Virginia-based company acquired 3,273 Bitcoin for $255 million between April 20 and 26, according to an 8-K filing with the US Securities and Exchange Commission on April 27. Read more -
Cointelegraph.com - 16:26 May 03, 2026
Bitcoin canceled out the week's earlier losses to tease the highest BTC price weekly candle close since the end of January near $79,000. Bitcoin (BTC) eyed $79,000 into Sunday’s weekly close as crypto markets continued to be guided by the US-Iran war. Key points: Read more -
Cointelegraph.com - 13:00 May 03, 2026
A new Politico poll finds most Americans distrust crypto and AI, raising questions about whether candidates backed by industry super PACs could face voter backlash. Crypto and AI industry groups are pumping tens of millions of dollars into the 2026 midterm elections, but a new poll shows most Americans don't trust either industry. 45% of Americans say investing in cryptocurrency is not worth the risk and 44% say AI is developing too fast, according to an April survey by Public First for Politico. The survey also found that narly half trust a traditional bank over a crypto platform, and two-thirds want Congress to impose strict regulations or broad oversight principles on AI. The numbers spell trouble for candidates taking money from industry-aligned super PACs. In hypothetical matchups, poll respondents were far less likely to back candidates supported by groups pushing looser AI regulations than those backed by groups calling for tighter tech rules. Read more -
Cointelegraph.com - 11:12 May 03, 2026
Nobitex, Iran’s largest crypto exchange, was founded by brothers linked to the powerful Kharrazi family, which has ties to the country’s supreme leaders. Nobitex, Iran’s biggest crypto exchange, was founded by two brothers from one of the Islamic Republic’s most influential families with ties to the supreme leaders, according to a Reuters investigation. The exchange, which now accounts for the majority share of Iran’s crypto activity, was launched by Ali and Mohammad Kharrazi. The duo operated under the alternative surname “Aghamir,” which they used across corporate records and professional life, masking links to the Kharrazi dynasty, according to the report. The Kharrazi family has long occupied positions close to the country’s leadership, with ties spanning generations of power, including links to Ali Khamenei and his successor Mojtaba Khamenei. Read more -
Cointelegraph.com - 08:56 May 03, 2026
New York AG Letitia James secured a $5 million settlement from Uphold for promoting CredEarn, a crypto savings product that misled users about its risks. New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product. The settlement centers around Uphold’s promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, the platform marketed CredEarn to users on its platform and mobile app as a safe, reliable savings product with attractive annual interest payments. However, Uphold didn’t tell customers that Cred was generating those returns by making microloans to low-income video game players in China, who are typically borrowers with no credit histories and no access to traditional financial institutions, the Attorney General’s office said in an announcement. Read more -
Cointelegraph.com - 05:51 May 03, 2026
The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins. The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. Read more -
Cointelegraph.com - 03:29 May 03, 2026
Despite being the best-performing month in the past 12 months, Bitcoin still came in slightly below its historical average, according to CoinGlass data. Bitcoin has posted its best-performing month in a year, prompting analysts to forecast what could lie ahead for May, which has historically delivered returns of about 8%. “Long way to go back to ATHs, but good to see some green,” Coin Bureau founder Nic Puckrin said in an X post on Friday, referring to Bitcoin’s (BTC) performance during April, which saw a monthly return of 11.87%. It marked Bitcoin’s best-performing month since April 2025, when it returned 14.08%. However, it still came in slightly below its historical April average of 12.98%, according to CoinGlass. Read more -
Cointelegraph.com - 23:07 May 02, 2026
Malicious actors with code execution capability may gain root access on Linux systems using as few as 10 lines of Python, according to a researcher. A newly discovered vulnerability could affect most open-source major Linux distributions released since 2017, according to security researchers. The flaw, titled “Copy Fail,” caught the attention of the US Cybersecurity and Infrastructure Agency (CISA), who added it to the Known Exploited Vulnerabilities (KEV) catalog on Saturday, warning it poses “significant risks to the federal enterprise.” The vulnerability can allow attackers to gain root access across a wide range of Linux systems using a 732-byte Python script, though it requires prior code execution on the system to escalate privileges. Read more -
Cointelegraph.com - 22:00 May 02, 2026
Treasury Secretary Scott Bessent said that wallets the US targeted as part of Operation Economic Fury were linked to Tehran, but analysis of the wallets' characteristics suggests otherwise. Multiple wallet addresses recently sanctioned by the US Treasury Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests. That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury’s Office of Foreign Assets Control (OFAC) was a significant crypto enforcement event, some of those wallets’ characteristics lack a similarity to previously seized wallets linked Tehran. “While the use of cryptocurrency by the Islamic Revolutionary Guard Corps (IRGC) is well established, this case presents structural and behavioral characteristics that diverge meaningfully from previously observed patterns,” said Nominis CEO Snir Levi. Read more -
Cointelegraph.com - 13:51 May 02, 2026
Venture capital firm a16z argues that state crackdowns on platforms like Kalshi and Polymarket conflict with federal law and hurt market access for ordinary users. A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns, ranging from cease-and-desist letters to criminal charges, are creating barriers that undermine the federal agency’s mandate to provide “impartial access to its markets and services.” In recent weeks alone, the CFTC has filed lawsuits against Illinois, Arizona, Connecticut, New York and Wisconsin, claiming that those states overstepped by trying to regulate markets that fall under federal jurisdiction. A16z backed that position, arguing...
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