Day

May 14, 2025

How to spot a fake crypto investment platform: 10 red flags

May 14, 20250
Key takeawaysFake crypto investment platforms give themselves away in a few obvious ways.Many use fake reviews, incorrect contact information and unrealistic promises to lure you in.The best approach is a healthy dose of skepticism. Watching for these red flags will keep you safe while investing.The burgeoning cryptocurrency market, with its lack of centralized authority and...

Asia’s wealthy shifting from US dollar to crypto, gold, China: UBS

May 14, 20250
High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group.“Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13.She cited...

SEC delays Solana ETF as decisions for Polkadot, XRP loom

May 14, 20250
The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange...

Kazakhstan to become ‘Central Asia’s crypto hub’ with reforms: Minister

May 14, 20250
Kazakhstan has the potential to become a leading crypto hub in Central Asia if regulatory restrictions are eased, according to Kanysh Tuleushin, the country’s first vice minister of digital development, innovation, and aerospace industry.In a recent op-ed for the Kazakhstanskaya Pravda newspaper, Tuleushin said digital mining and smart policy shifts could position Kazakhstan as a...

Crypto swapper eXch shows signs of life after post-Bybit shutdown

May 14, 20250
Once a go-to swapper for hackers and drainers, eXch was shut down by German police in April — but continued activity suggests the story isn’t over.Without Know Your Customer (KYC) checks, eXch wasn’t your typical crypto exchange. It acted more like an instant swapper, allowing bad actors and cybercriminals to fly under the radar for...

Crypto VC deals drop in Q1, but funding more than doubles: PitchBook

May 14, 20250
Crypto venture capital deals in the first quarter of 2025 saw deal values jump even as the number of deals sank from the same quarter a year ago, says PitchBook.The venture research firm said in its May 14 Crypto VC Trends report for Q1 that 405 deals were made in the quarter, down 39.5% from...

Alarm bells ring in US over OpenAI’s crypto project World

May 14, 20250
World Network, the digital identity and crypto project of Sam Altman’s OpenAI, has alarmed privacy activists ahead of its United States launch, with observers concerned over its data collection and protection practices.World “is the opposite of privacy. It’s a trap,” said Nick Almond, CEO of FactoryDAO, on X. While the project claims to protect user...

Kima joins Mastercard sandbox to enable stablecoin card top-ups

May 14, 20250
Decentralized settlement protocol Kima has integrated into Mastercard’s sandbox program, enabling stablecoin-powered top-ups for prepaid cards directly from self-custody wallets.According to an announcement shared with Cointelegraph, Mastercard partners can now rely on Kima’s settlement infrastructure to enable their prepaid cards to be topped up with stablecoins, including USDC (USDC) and Tether’s USDt (USDT), from self-custody...

The Q-Day Prize challenge, explained: Can quantum computers really break Bitcoin?

May 14, 20250
What is the Q-Day prize? The Q-Day Prize is a challenge to make the Bitcoin network quantum resistant.On April 16, 2025, quantum computing-focused company Project 11 announced the “Q-Day Prize,” a competition to break a “toy version” of Bitcoin’s cryptography with a quantum computer. Contestants must complete the Q-Day Prize challenge by April 5, 2026.Their...

Ex-SEC Chair Gary Gensler privately supported crypto — McHenry

May 14, 20250
Former US Securities and Exchange Commission (SEC) Chair Gary Gensler may not have been as hostile to crypto behind closed doors as he appeared to be in public, according to former US Representative Patrick McHenry.In a May 13 appearance on the Crypto in America podcast, McHenry revealed that during private meetings with Gensler, the former...
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