Day

May 16, 2025

Central banks testing smart contract toolkit under BIS Project Pine

May 16, 20250
Central banks are experimenting with smart contracts to implement monetary policy in tokenized environments, signaling a growing interest in integrating blockchain technology into traditional finance (TradFi).According to a joint research study by the Federal Reserve Bank of New York’s Innovation Center and the Bank for International Settlements (BIS) Innovation Hub Swiss Centre, smart contracts could...

Here is why Bitcoin price is stuck below $105K

May 16, 20250
Key takeaways:Bitcoin price consolidates as resistance at $105,000 prevents a rally to new all-time highs.Traders are slightly bearish, but historical data suggests a sudden bullish move should not be ruled out.Bitcoin (BTC) price has been consolidating within a roughly $3,500 range over the past seven days as the $105,000 level remains the overhead resistance to...

Bitcoin hitting $220K 'reasonable' in 2025, says gold-based forecast

May 16, 20250
Key points: New Bitcoin price targets leverage interplay with gold to deliver $200,000 and higher this year.Bitcoin price cycles remain in focus as part of the BTC price “power curve” model.Eating gold’s market cap could propel BTC/USD to nearly $1 million by the decade’s end. Bitcoin (BTC) has a “decent chance” of hitting $250,000 or...

Onchain student loans could supercharge DeFi: Animoca’s Yat Siu

May 16, 20250
Bringing student loans onchain could increase the decentralized finance (DeFi) total value locked (TVL) by more than four times, supercharging the industry, according to Yat Siu, chairman of Animoca Brands.Speaking at Consensus 2025 in Toronto, Siu pointed to the $3 trillion global student loan market as an untapped opportunity for the crypto industry. He said...

Tether AI: What it is and why it matters for crypto and AI

May 16, 20250
What is Tether AI? Tether AI is an open-source, decentralized artificial intelligence (AI) platform launched by Tether, the company behind the Tether USDt (USDT) stablecoin. Unlike traditional AI services that depend on centralized servers and require application programming interface (API) keys, Tether AI runs on a distributed peer-to-peer (P2P) network, offering enhanced privacy, autonomy and...

Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

May 16, 20250
Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.Starknet said in a press release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means...

Crypto gaming interest drops in April, overall ecosystem healthier: DappRadar

May 16, 20250
Blockchain gaming user activity dipped and funding slowed in April, but the overall ecosystem is healthier and maturing, according to blockchain analytics platform DappRadar.User activity dropped 10% over April, with blockchain gaming reaching a 2025 low of 4.8 million daily Unique Active Wallets, DappRadar analyst Sara Gherghelas said in the platform’s April Games Report.Gaming dominance...

Crypto’s lack of ‘frothy use case’ a good sign: WisdomTree exec

May 16, 20250
Jason Guthrie, head of product at asset manager WisdomTree, says he’s optimistic despite a noticeable lack of hype that typically comes along with a crypto bull run. There hasn’t been a “really frothy use case that has typically driven these market cycles previously,” such as initial coin offerings (ICOs), non-fungible tokens (NFTs), or DeFi lending, Guthrie...

Stablecoin bill passes in Northern Marianas as House overrides veto

May 16, 20250
The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian local...

Coinbase drops 7% on customer breach, SEC probe into user numbers

May 16, 20250
Coinbase stock dipped after news broke of a cyberattack that exposed customer data and an ongoing Securities and Exchange Commission investigation over misstated user numbers in 2021.The double whammy of bad news rattled investors as company stock (COIN) slid 7% in a fall to $244 in after-hours trading on May 15, according to Google Finance.  Coinbase...
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