Day

May 17, 2025

The Public internet is a bottleneck for blockchain — DoubleZero CEO

May 17, 20250
Public internet infrastructure is the critical speed and performance constraint on high-throughput blockchain networks, according to Austin Federa, co-founder and CEO of DoubleZero, a project developing high-speed fiber optic communication rails for blockchains.”The downside of the public internet is it was never built for high-performance systems. It was always built for this sort of relationship...

Moody's downgrades US credit rating due to rising debt

May 17, 20250
Moody’s credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness.According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, leading...

High-speed oracles disrupting $50B finance data industry — Web3 Exec

May 17, 20250
Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle network — told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities.In an interview at...

The DeFi mullet — Fintech needs DeFi in the back

May 17, 20250
Opinion by: Merlin Egalite, co-founder at Morpho LabsFintechs in the front, decentralized finance (DeFi) in the back: the DeFi Mullet.Today’s fintech companies offer excellent user experiences but are constrained by traditional financial infrastructure — siloed, slow, expensive and inflexible. Meanwhile, DeFi provides lightning-fast, cost-effective, interoperable infrastructure but lacks mainstream accessibility.The solution? Combine fintech’s distribution and...

A Bitcoiner’s guide to South Africa’s Garden Route

May 17, 20250
South Africa’s Garden Route, famed for its lush forests, expansive beaches and charming towns, has become a testbed for Bitcoin adoption.From Mossel Bay to Witsand and Plettenberg Bay to Knysna, Bitcoin has become popular among shop owners and travelers alike for a multitude of reasons.“We’re seeing the early signs of a parallel, permissionless economy emerging...

Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

May 17, 20250
Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to Scott Melker, a crypto analyst and host of The Wolf of All Streets podcast.Speaking in a recent interview, Melker cited growing institutional interest and diminishing volatility as key factors that could drive the next leg up.“250K this year,...

Everstake defends non-custodial staking as SEC weighs industry input

May 17, 20250
The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks.The meeting, which also involved the SEC’s Crypto Task Force, comes at a time when over $193 billion in digital assets are staked across major proof-of-stake...

New Zealand man arrested in $265M crypto scam tied to FBI probe

May 17, 20250
A man from Wellington, the capital city of New Zealand, has been arrested in connection with an FBI-led investigation into a global cryptocurrency fraud operation that allegedly stole $450 million New Zealand dollars ($265 million).According to New Zealand Police, the man is one of 13 individuals charged after authorities executed search warrants across Auckland, Wellington,...

Panama City mayor teases Bitcoin reserve after meeting El Salvador's Bitcoin leaders

May 17, 20250
Panama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador’s Bitcoin policy leaders.“Bitcoin Reserve,” Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.While Mizrachi didn’t share details about his discussions with Keiser...

Paraguay deports three undocumented immigrants after crypto mining theft attempt

May 17, 20250
Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam.According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado,...
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