The Genesis Litigation Oversight Committee has filed two lawsuits against Digital Currency Group in an effort to recover billions of dollars owed to Genesis Global Capital. Claims of Mismanagement and Fraud The Genesis Litigation Oversight Committee (LOC) has filed two lawsuits against Digital Currency Group Inc. (DCG), seeking recovery in-kind, including more than 1 million

Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital company that has invested in over 200 projects since 2017, has severely criticized the recent data leak involving Coinbase’s customers. Arrington, also a Coinbase investor, stated that the human cost of this mistake will be much higher than the $400 million said to be reimbursed

This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, May 19th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced a live feature boosting real-time interaction between content creators and their audiences. With this feature, content creators, influencers, and professional traders can go live, including seamless screen sharing, audio streaming,

Crypto.com has partnered with Canary Capital Group LLC to establish the Canary CRO Trust, a private investment vehicle designed for U.S. investors seeking exposure to CRO, the native token of the Cronos network. This trust aims to track CRO’s market price, providing a straightforward and transparent method for U.S. investors to engage with the Cronos

The founder of the Ugandan blockchain and crypto education institution Mitroplus Labs was abducted by armed criminals posing as law enforcement. The criminals demanded $500,000 and access to the founder’s cryptocurrency wallets. Crypto Abduction Threat Spreads to Africa On May 17, Festo Ivaibi, founder of the Ugandan blockchain and crypto education institution Mitroplus Labs, became

Ethereum co-founder Vitalik Buterin has suggested protocol adjustments to prioritize personal node operation, aiming to balance scalability with user privacy and censorship resistance as the network grows. Ethereum Co-Founder Proposes “Local-Node-Favoring” Scaling Adjustments In a recent Ethereum Research blog post, Ethereum co-founder Vitalik Buterin has outlined a series of technical adjustments to the blockchain’s scaling

Strategy is facing a purported class action lawsuit accusing it of misleading investors on the risks and profitability of its aggressive bitcoin strategy during a critical growth phase. Class Action Lawsuit Alleges Strategy Misled Investors on Saylor’s Bitcoin Push Software intelligence firm Microstrategy (Nasdaq: MSTR), which recently rebranded as Strategy, revealed on May 16 that

Strategy has expanded its bitcoin holdings once again, acquiring an additional 7,390 BTC for approximately $764.9 million at an average price of $103,498 per coin, according to Executive Chairman Michael Saylor. Strategy Adds Another Stack of Bitcoin As of May 18, 2025, the firm now holds 576,230 bitcoin, with a cumulative acquisition cost of about

Wei Dai, a cryptocurrency pioneer known for designing the b-money system, a precursor to bitcoin, criticized the current level of crypto adoption for payments. Dai highlighted that even with the shortcomings of fiat payments, crypto has not managed to make a significant impact in this field. B-Money Pioneer Wei Dai Laments State of Crypto Adoption

Coinbase, Circle, and Robinhood are spending millions to ensure the security of their top executives as crypto becomes mainstream and criminals begin targeting crypto millionaires. The recent wave of kidnappings in France has heightened the interest of crypto holders in personal security options. Crypto Firms Increase Personal Security Spending Amid Kidnapping Wave The cryptocurrency ecosystem

The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits of Hacker The Australian Federal Police (AFP) recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of

XRP was trading at $2.39 on May 18, 2025, with a market capitalization of $140 billion. The 24-hour trading volume stood at $2.07 billion, with intraday price fluctuations between $2.30 and $2.407. XRP On the one-hour chart, XRP is exhibiting a modest uptrend after bouncing off the $2.30 level. The pattern of higher lows alongside

Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive and explain that this move might push companies to operate offshore. An alternative proposal that substitutes the proposed ban with a reporting system was also recently floated. Exchanges Say Stablecoin Self-Custody Ban Proposal Could Push Crypto Offshore in Brazil The

Despite the geopolitical tensions from the U.S. trade war causing a decline in most liquid tokens, venture capitalists continued to focus on the core utility of cryptocurrencies, particularly stablecoins. VCs’ Growing Positive View of Stablecoins Although the geopolitical tensions sparked by the U.S. trade war resulted in a quarter-long giveback of gains across most liquid

De-dollarization is exploding across Eurasia as 93% of EAEU trade now flows through national currencies, signaling a decisive pivot from the U.S. dollar and reshaping global finance. Russia Says 93% of EAEU Trade Now in National Currencies as Dollar Use Crumbles A rising trend of de-dollarization is reshaping trade across Eurasia, as national currencies increasingly

Robert Kiyosaki predicts bitcoin will soar to $250,000 this year as crashing central banks trigger mass bankruptcies, fueling unstoppable momentum behind hard assets like BTC. Robert Kiyosaki Predicts $250K Bitcoin Surge, Advises ‘Buy More, Do Not Sell’ Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has doubled down on his warning about

XRP is currently trading at $2.35 with a market capitalization of $138.14 billion and a 24-hour trading volume of $58.62 billion. The digital asset experienced an intraday price range between $2.33 and $2.43, reflecting notable intraday volatility amid mixed technical signals. XRP On the 1-hour chart, XRP shows signs of a clear pullback, with the

In an effort to enhance security for the cryptocurrency industry, the French government said it will provide increased protection for crypto entrepreneurs and their families. Crypto Entrepreneurs to Receive Safety Briefings In a move to protect the crypto industry, the French government said it will now provide enhanced security to cryptocurrency entrepreneurs and their families.

Alexander Leishman, CEO of River, a financial company that provides zero-fee bitcoin recurring purchases services, has highlighted how businesses are increasingly adopting bitcoin as part of their corporate treasury strategy. On social media, Leishman revealed that several companies had enrolled River as part of their bitcoin accumulation processes. He noted that just in the last

The DOJ handed down a prison sentence after the SEC’s social media was hacked to falsely announce bitcoin ETF approval, briefly sending crypto markets into overdrive. DOJ Sentences Hacker for SEC X Breach and Bitcoin ETF Hoax The U.S. Department of Justice (DOJ) announced on May 16 that a resident of Huntsville, Alabama, has been