Coinbase drops 7% on customer breach, SEC probe into user numbers
Cointelegraph by Martin Young May 16, 2025

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 c…

Brazil fintech gets approval to become a Bitcoin treasury company
Cointelegraph by Brayden Lindrea May 16, 2025

Méliuz’s executive chairman says his fintech firm has become Brazil’s first publicly-traded Bitcoin treasury company following shareholder approval, with the firm also announcing it bought $28.4 million worth of Bitc…

AI scammers are now impersonating US government bigwigs, says FBI
Cointelegraph by Stephen Katte May 16, 2025

Deepfake-assisted hackers are now targeting US federal and state officials by masquerading as senior US officials in the latest brazen phishing campaign to steal sensitive data. The bad actors have been operating since April, usin…

Tornado Cash dev Roman Storm trial goes ahead with slight trim
Cointelegraph by Jesse Coghlan May 16, 2025

US federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled back its crypto enforcement last month.Jay Clayto…

Wisconsin Investment Board sold off its Bitcoin ETF stash
Cointelegraph by Brayden Lindrea May 15, 2025

The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show.The Wisconsin Investmen…

Legacy forex, payments platforms ‘hate’ stablecoin adoption — Kevin O’Leary
Cointelegraph by Alex O’Donnell May 15, 2025

Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy fore…

Trump’s crypto ties ‘add a certain level of challenge’ to passing bills — Coinbase exec
Cointelegraph by Turner Wright May 15, 2025

Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation.Speaking at the Cons…

‘The world is trying to hoard Bitcoin right now’ — Eric Trump
Cointelegraph by Christopher Tepedino May 15, 2025

There is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to gov…

Bitcoin traders’ evolving view of BTC’s role in every portfolio bolsters $100K support
Cointelegraph by Marcel Pechman May 15, 2025

Key takeaway:Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence i…

Asset tokenization expected to speed capital flows, says Chainlink's Nazarov
Cointelegraph by Vince Quill May 15, 2025

Asset tokenization is set to accelerate the movement of capital across traditional markets, according to Chainlink co-founder Sergey Nazarov. Speaking with Cointelegraph at Consensus 2025 in Toronto, Nazarov said the shift will boost c…