Bitcoin
Australian Senator Gerard Rennick sparked widespread controversy within the Bitcoin community on May 23, 2025, after publishing social media comments calling Bitcoin a "Ponzi scheme" and questioning its value because "you can't eat Bitcoin." The Cointelegraph reports these remarks came just one day after
Bitcoin
Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers, according to Cointelegraph. The decision forms part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance. Finance Minister Muhammad Aurangzeb stated the move
Bitcoin
President Donald Trump faced scrutiny after speaking at a private investment dinner for his $TRUMP memecoin while standing behind a lectern displaying the official presidential seal. Cointelegraph reports that the event took place Thursday at Trump National Golf Club in Virginia, where 220 investors who collectively spent $148 million attended
Bitcoin
Michigan lawmakers introduced four cryptocurrency bills on May 21, 2025, according to Cointelegraph. The legislative package addresses pension fund investments, central bank digital currency restrictions, Bitcoin mining at abandoned wells, and related tax policies. State Pension Fund Bitcoin Investment House Bill 4510, introduced by Representative Bill Schuette, would permit Michigan&
Bitcoin
Swedish health technology company H100 Group AB saw its shares rise 37% on May 22 after purchasing 4.39 Bitcoin for 5 million Norwegian krone ($490,830). The Stockholm-based firm bought Bitcoin at an average price of $111,785 per coin. Bitcoin Magazine reports H100 is Sweden's first
Bitcoin
Crypto awareness in Singapore reached an all-time high of 94% in 2025, but actual ownership declined from 40% to 29%, according to Cointelegraph. Independent Reserve's fifth annual Singapore Crypto Market Survey, conducted in February with 1,500 participants, revealed this paradox between knowledge and participation. The survey showed
Bitcoin
The United Kingdom's Court of Appeal partially dismissed a lawsuit brought by Bitcoin SV investors against major cryptocurrency exchanges on May 21, 2025. Cointelegraph reports that the court rejected claims worth over £8.9 billion ($11.9 billion) from investors who held BSV during the 2019 delisting period.
Bitcoin
Swiss cryptocurrency financial service provider Bitcoin Suisse has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking its first expansion outside the European Union. According to Cointelegraph, the company secured this approval through its subsidiary BTCS (Middle East) Ltd, positioning the
Bitcoin
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed a crucial procedural vote in the United States Senate with a 66-32 margin on May 20, advancing legislation that creates the first comprehensive federal framework for stablecoin regulation. According to Cointelegraph, the bill now heads to a Senate
Bitcoin
A court decision in Australia could open the door to as much as $640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. According to Cointelegraph, the ruling emerged from a criminal case
Bitcoin
Panama City Mayor Mayer Mizrachi has indicated a potential move toward establishing a city-level Bitcoin reserve following discussions with key figures from El Salvador's Bitcoin policy team. On May 16, 2025, Mizrachi posted a cryptic message reading "Bitcoin Reserve" on his social media account after meeting
Bitcoin
DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, announced a Bitcoin reserve strategy in a shareholder letter on May 15. The company has acquired 100 BTC for approximately $10.4 million and plans to accumulate 5,000 BTC in
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
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.
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