Day

May 7, 2025

Crypto miner deserts Pennsylvania site, fails to plug wells: Report

May 7, 20250
Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations.The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers, according...

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

May 7, 20250
USD1, the US dollar stablecoin launched by the US President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch.WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb.Launched in early March with a $3.5 million supply, USD1...

Bitcoin miner Hive taps Paraguay for low-cost energy partnership

May 7, 20250
Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market.In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that...

Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

May 7, 20250
Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank. In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the mood among investors...

Ethereum’s ‘Pectra’ network upgrade goes live: What to expect

May 7, 20250
Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are...

Inter Milan fan token soars after Champions League win over Barcelona FC

May 7, 20250
Key takeaways:Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes.PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal.Crypto betting odds favor PSG over Inter Milan, influencing fan token trading volumes and short-term price setups.The Inter Milan Fan Token ($INTER) rallied sharply after...

Bhutan launches tourism crypto payments with Binance Pay and DK Bank

May 7, 20250
Bhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank.The system allows Bhutan travelers with Binance accounts to pay for services like tickets, hotel stays, tour guides and other products using at least 100 different crypto assets, including Bitcoin (BTC), USDC (USDC)...

What is Tornado Cash, and why did it get into trouble?

May 7, 20250
What is Tornado Cash? Tornado Cash is a decentralized, non-custodial crypto mixer designed to enhance transaction privacy on public blockchains. It uses smart contracts and zero-knowledge (ZK) proofs to conceal the onchain link between the sender and receiver of a transaction.Launched by Roman Storm and Roman Semenov on Ethereum in 2019, Tornado Cash allows users...

Bitcoin pushes for $98K as 2025 Fed rate cut odds flip 'pessimistic'

May 7, 20250
Key points:Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten.The Federal Reserve interest rate decision and news conference are just hours away.Market sentiment for rate cuts in 2025 decreases sharply ahead of the FOMC meeting.Bitcoin (BTC) saw a flash short-term trend change on May 7 as geopolitical triggers gave risk...

Tether launches on Kaia, brings USDt to LINE’s 196M user ecosystem

May 7, 20250
Tether deployed its flagship stablecoin, USDt, on the Kaia blockchain as part of a broader collaboration with Line Next, the Web3 arm of Line, Japan’s popular messaging platform with more than 196 million monthly active users.The integration means USDt (USDT) will now be supported across Line’s messenger-based Mini DApp ecosystem and self-custodial wallet, enabling users...
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