Stablecoins seen as ideal fit for real-time collateral management

Cryptocurrencies and stablecoins are gaining growing recognition in the traditional finance (TradFi) space for their ability to streamline payments and increase efficiency in existing financial systems In finance, collateral management refers to the process of managing the underlying collateral securing other financial transactions, such as loans or derivatives, to mitigate credit risks and ensure smooth … Read more

Coinbase refuses $20M ransom after support agent data breach

Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with a small number of customer support contractors to access internal … Read more

Is the XRP price rally over for now?

Key takeaways: XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94. NUPL indicates traders are in denial, resembling past pre-crash phases. Long-term charts still point to bullish targets between $3.69 and $17. XRP (XRP) has rebounded by more than 50% over a month after forming a local low at $1.80. … Read more

Bitcoin ETFs Reignite With $320 Million Inflow as Ether ETFs Post Consecutive Gains

Bitcoin ETFs came roaring back with a $320 million net inflow, led by Blackrock’s IBIT. Ether ETFs also continued their rebound, logging a second straight day of inflows totaling $63 million. Crypto ETFs Catch Fire: Bitcoin Funds Soar, Ether ETFs Log Second Strong Day After a brief pause on Tuesday, May 13, bitcoin exchange-traded funds … Read more

Pi Network invests $100M in startups building blockchain apps

Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure. According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will invest in startups and businesses building … Read more

Hype Backfires? Pi Network Token Price Crumbles After Key Announcement

Shortly after Pi Network announced the launch of a $100 million investment fund, the platform’s token, Pi, plummeted over 25% within 24 hours, dropping to $0.85. Pi Network Accused of Creating Hype to Boost Token Price On May 14, Pi Network announced the launch of a $100 million investment initiative aimed at advancing the utility … Read more

Pareto launches synthetic dollar backed by private credit

Private credit marketplace Pareto has introduced a new synthetic dollar aimed at linking institutional investors with decentralized finance (DeFi) opportunities — a move that highlights the expanding role of stablecoins in global finance. The newly launched USP synthetic dollar is fully backed by real-world private credit, Pareto told Cointelegraph on May 15. To mint USP, … Read more

Ukraine strategic Bitcoin reserve bill reportedly in final stages

Ukraine is reportedly moving closer to adopting Bitcoin as a national reserve asset, a move that could bolster its financial resilience amid the ongoing war with Russia. Lawmakers are reportedly working on a Bitcoin (BTC) national reserve proposal, with a draft bill already in its final stages, according to Yaroslav Zhelezniak, a member of parliament, … Read more

The Argentine Crypto Wallet Ecosystem Is at Risk: What’s Happening?

A transactional tax established in 2001 puts the Argentine crypto wallet ecosystem at risk, creating disadvantages compared to traditional financial institutions like banks. The industry expects President Milei to rectify this measure, but that has not happened yet. Argentine Crypto Wallet Providers in Disarray as Tax Puts Local Players in Checkmate The Argentine crypto industry, … Read more