Bitcoin
Coinbase, the world's third-largest cryptocurrency exchange, revealed on May 15 that cybercriminals recruited overseas support agents to steal customer data in an extortion attempt. According to Cointelegraph, the company faces expected remediation costs between $180 million and $400 million as it pledged to reimburse phishing attack victims. Despite
100 Reasons For Bitcoin
Countries that incorporate Bitcoin into their national reserves can experience an unexpected benefit: increased tourism from cryptocurrency enthusiasts and regular travelers alike. Data shows that nations openly accepting Bitcoin as payment throughout their tourism sectors create practical advantages for international visitors. Hotels, transportation services, and entertainment venues that accept BTC
Bitcoin
Prominent investor Jim Chanos has revealed a new trading strategy that involves simultaneously shorting shares of Strategy (formerly MicroStrategy) while directly purchasing Bitcoin. Speaking at the Sohn Investment Conference in New York on May 14, Chanos told CNBC he is "selling MicroStrategy stock and buying bitcoin and basically buying
Bitcoin
Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US market. The company announced the opening on May 15, specifically citing improved regulatory conditions in the United States as the primary motivation for this strategic move.
100 Reasons For Bitcoin
Smart contract lending platforms built on Bitcoin infrastructure can transform microfinance by connecting small entrepreneurs and farmers directly to global capital. Nations holding Bitcoin reserves gain the ability to support decentralized lending pools, allowing citizens to access credit without traditional banking gatekeepers. The verification capabilities inherent in blockchain technology enable
Bitcoin
Kazakhstan could transform into Central Asia's dominant cryptocurrency hub if proposed regulatory reforms are implemented, according to Kanysh Tuleushin, the country's First Vice Minister of Digital Development, Innovation and Aerospace Industry. In a recent op-ed published in Kazakhstanskaya Pravda newspaper, Tuleushin outlined how lifting current restrictions
Bitcoin
All three major South Korean presidential candidates have publicly expressed support for legalizing Bitcoin exchange-traded funds (ETFs) ahead of the June 3 election, according to CryptoQuant founder and CEO Ki Young Ju. Currently, both Bitcoin ETFs and institutional crypto investments are banned in South Korea, resulting in a market where
100 Reasons For Bitcoin
Treasury departments worldwide face constant pressure to manage foreign exchange reserves effectively amid market volatility. Bitcoin's 24/7 market access enables nations to develop real-time balancing tools that can adjust currency portfolios dynamically rather than periodically. This continuous rebalancing capability allows governments to respond instantly to currency fluctuations,
Bitcoin
Robinhood Markets announced on Tuesday, May 13, 2025, that it will acquire Canadian crypto firm WonderFi for C$250 million ($179 million) in an all-cash deal, marking a significant step in the popular trading platform's global expansion strategy. According to Cointelegraph, the acquisition values WonderFi at 36 Canadian
Bitcoin
South Korea's largest political party, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth. The committee held its inaugural meeting at the National Assembly Members' Hall in Seoul on May 13, as reported by Cointelegraph. During this first
100 Reasons For Bitcoin
National museums and cultural institutions can now employ blockchain technology to create digital tokens representing cultural artifacts, opening new avenues for funding preservation efforts. These tokenized representations allow partial ownership of cultural heritage without affecting physical possession or management of the actual items. When governments include Bitcoin in their national
Strategy purchased 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, according to a filing with the US Securities and Exchange Commission published on May 12. The acquisition took place as Bitcoin reclaimed the $100,000 price level on May 8, with purchases made at
Bitcoin
The United States and China have agreed to temporarily reduce their reciprocal tariffs to 10% for a 90-day period beginning May 14, 2025. According to Cointelegraph, this agreement marks a significant thaw in the trade war between the world's largest economies that had previously seen tariffs exceed 100%
Nations adopting Bitcoin as a reserve asset creates a foundation for broader acceptance of blockchain technology in governance systems. The integration of Bitcoin into national treasuries serves as a practical first step toward digital governance solutions including blockchain-based voting mechanisms, digital identity systems, and transparent licensing platforms. These technologies share
Bitcoin
According to Cointelegraph, El Salvador has added 7 Bitcoin (BTC) to its national strategic reserve over the past week, bringing its total holdings to 6,173 BTC, valued at over $637 million. This acquisition continues despite a December 2024 loan agreement with the International Monetary Fund (IMF) that specifically required
Bitcoin
Coinbase, the largest US cryptocurrency exchange, considered adopting a Michael Saylor-like Bitcoin strategy for its treasury but ultimately decided against the approach due to risk concerns. According to Bloomberg, Coinbase CEO Brian Armstrong revealed on May 9 that the company contemplated allocating 80% of its balance sheet to Bitcoin on