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Found 1737 news

  • FTX creditors poised to receive $5B by May 30 in latest distribution round
    CryptoSlate - 20:30 May 15, 2025
    FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust.  Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […] The post FTX creditors poised to receive $5B by May 30 in latest distribution round appeared first on CryptoSlate.
  • Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing
    CryptoSlate - 20:00 May 15, 2025
    The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […] The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.
    Tags: Biden-era Coinbase
  • Court denies SEC, Ripple settlement motion after finding procedural misstep
    CryptoSlate - 19:30 May 15, 2025
    US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts […] The post Court denies SEC, Ripple settlement motion after finding procedural misstep appeared first on CryptoSlate.
    Tags: Ripple Court
  • Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority
    CryptoSlate - 19:00 May 15, 2025
    Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase […] The post Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority appeared first on CryptoSlate.
    Tags: Telegram Pavel Durov WhatsApp
  • UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise
    CryptoSlate - 18:30 May 15, 2025
    Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin […] The post UBS reveals wealthy investors increasing crypto allocations to 5%, echoing Bitwise appeared first on CryptoSlate.
    Tags: Bitwise
  • How an insider-led breach sparked a costly scam at Coinbase
    CryptoSlate - 17:54 May 15, 2025
    Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […] The post How an insider-led breach sparked a costly scam at Coinbase appeared first on CryptoSlate.
    Tags: Coinbase
  • ETH-BTC rebounds 38% from April low in first real rally of 2025
    CryptoSlate - 17:03 May 15, 2025
    The ETH/BTC ratio mounted a comeback in May, reversing months of Ethereum‘s relentless underperformance against Bitcoin. After reaching an 11-month low of 0.01805 on April 21, ETH/BTC surged to 0.02501 by May 15, marking a 38.6% recovery in less than a month and a 17% rise in the past seven days. The sharp ascent marks […] The post ETH-BTC rebounds 38% from April low in first real rally of 2025 appeared first on CryptoSlate.
    Tags: ETH-BTC April
  • Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
    CryptoSlate - 00:00 May 15, 2025
    Bitfarms reported $2.1 million in net financial income for the first quarter of 2025, a sharp decline from $11.4 million in the same period a year earlier, due to reduced gains on derivatives and warrant revaluations.  Bitfarms said in its latest Management’s Discussion and Analysis of the first quarter performance that the lower financial income contributed to […] The post Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M appeared first on CryptoSlate.
    Tags: Bitfarms
  • Ethereum Foundation aims to secure the future with trillion-dollar security initiative
    CryptoSlate - 23:00 May 14, 2025
    The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a long-term plan to raise Ethereum’s security standards in line with its growing importance in global finance. The Foundation said it aims to position Ethereum as a network capable of securely holding trillions of dollars in assets for individuals and institutions. According to the […] The post Ethereum Foundation aims to secure the future with trillion-dollar security initiative appeared first on CryptoSlate.
    Tags: Ethereum Foundation
  • Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm
    CryptoSlate - 22:00 May 14, 2025
    Bitwise Chief Investment Officer Matt Hougan said on May 14 that a “big unlock” is occurring across the financial advisory space regarding crypto investments. After attending a major advisory firm’s conference, Hougan shared his expectations that most major firms will enable crypto exchange-traded product (ETP) access by the end of 2025.  He added that interest […] The post Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm appeared first on CryptoSlate.
    Tags: Bitwise
  • Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents
    CryptoSlate - 21:30 May 14, 2025
    Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14. The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated […] The post Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents appeared first on CryptoSlate.
    Tags: Spanish Europol
  • Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak
    CryptoSlate - 21:03 May 14, 2025
    Futures have become the leading price discovery vehicles in the crypto markets, and Solana’s YTD tape clearly supports this. After spending most of 2024 unloading risk, taker flows on Solana’s perpetual futures flipped directions in the second half of January. On Jan. 18, the 90‑day cumulative volume delta (CVD) reached a low of −261.75. Since […] The post Solana derivatives flip long for 83 straight days, yet SOL sits nearly 30% below peak appeared first on CryptoSlate.
    Tags: Solana
  • JPMorgan bridges blockchain and traditional finance in landmark pilot transaction
    CryptoSlate - 20:00 May 14, 2025
    JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […] The post JPMorgan bridges blockchain and traditional finance in landmark pilot transaction appeared first on CryptoSlate.
    Tags: JPMorgan
  • Former front-runner for CFTC chair role resigns to lead Blockchain Association
    CryptoSlate - 19:18 May 14, 2025
    Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will depart the agency on May 30 to become the Blockchain Association’s new CEO, effective June 2, according to a May 14 announcement. The announcement states that Mersinger’s appointment comes at a critical legislative moment for digital assets in Washington, where the Blockchain Association is pushing for […] The post Former front-runner for CFTC chair role resigns to lead Blockchain Association appeared first on CryptoSlate.
    Tags: Former Blockchain Association CFTC
  • Pi Foundation unveils $100 million investment initiative to drive real-world utility
    CryptoSlate - 18:33 May 14, 2025
    The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical, real-world use cases. The initiative, announced on May 14, aims to boost adoption and drive long-term growth within the Pi ecosystem by targeting businesses beyond the traditional Web3 space. The Foundation stated that the […] The post Pi Foundation unveils $100 million investment initiative to drive real-world utility appeared first on CryptoSlate.
    Tags: Foundation
  • Coinbase CEO wants to hire DOGE staff to help improve the global financial system
    CryptoSlate - 17:15 May 14, 2025
    Coinbase CEO Brian Armstrong extended a public invitation to employees of the US Department of Government Efficiency (DOGE), encouraging them to apply for roles at the crypto exchange after they leave their current roles. Armstrong announced the move in a social media post on May 14, where he described the opportunity as a new mission […] The post Coinbase CEO wants to hire DOGE staff to help improve the global financial system appeared first on CryptoSlate.
    Tags: Coinbase DOGE
  • XRP maintains steady price increase despite early May buy spike
    CryptoSlate - 16:31 May 14, 2025
    XRP’s DEX liquidity expanded rapidly after an aggressive dip at the beginning of the month, surpassing $21 billion by May 9 and holding strong throughout May 14. This increased the market depth just as XRP’s price on DEXs began a steady climb, rising from around $2.15 on May 7 to $2.51 by May 13. During […] The post XRP maintains steady price increase despite early May buy spike appeared first on CryptoSlate.
  • Tron strengthens grip on USDT, claiming nearly half of its $150B supply
    CryptoSlate - 01:00 May 14, 2025
    Tether’s market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past week and more than $5.5 billion since mid‑April. The headline total matters on its own, but the real insight lies in how the tokens are distributed: […] The post Tron strengthens grip on USDT, claiming nearly half of its $150B supply appeared first on CryptoSlate.
    Tags: USDt Tron
  • Curve Finance moves to new domain after DNS attack exposes security risks
    CryptoSlate - 00:15 May 14, 2025
    Curve Finance is moving permanently to a new web domain following a targeted DNS attack that exposed users to phishing risks. On May 13, the DeFi protocol confirmed that it will operate on Curve.finance, replacing the compromised Curve.fi. The protocol explained that it was making the move because of the prolonged downtime and limited support […] The post Curve Finance moves to new domain after DNS attack exposes security risks appeared first on CryptoSlate.
    Tags: Curve Finance
  • Paris authorities on alert after attempted abduction targets crypto CEO’s family
    CryptoSlate - 23:38 May 13, 2025
    Authorities in Paris have launched a criminal investigation after masked assailants attempted to kidnap the daughter of a crypto company CEO and her young child in a broad daylight attack just blocks from the city’s central courthouse, TMZ reported on May 13. The assault, which was captured on video, took place on May 12 and […] The post Paris authorities on alert after attempted abduction targets crypto CEO’s family appeared first on CryptoSlate.
    Tags: Paris

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