Category: crypto

Revolut partners with Lightspark to bring Lightning Network support for Bitcoin payments to UK and select EEA countries. This enables faster and cheaper transactions for users. Revolut aims to offer more affordable financial solutions and is expanding its crypto functionality. The move reflects a growing trend of adopting decentralized payment rails in the finance industry.

Blockchain investigator ZachXBT reported that Coinbase users lost $45 million in social engineering scams. The theft is part of a pattern of crypto heists totaling over $300 million annually. Scammers contact victims through spoofed phone numbers and fake emails, gaining control over their funds. ZachXBT recommends changes to enhance user safety.

Representative Ritchie Torres plans to introduce a bill preventing federal officials from owning or trading crypto while in office to avoid conflicts of interest. The proposed “Stop Presidential Profiteering from Digital Assets Act” aims to expand financial ethics rules to include digital assets and require disclosure of holdings. The bill could have passed earlier and…

The OCC clarified on May 7 that federally chartered banks can offer crypto services like custody and execution through third-party providers if they follow risk management practices and legal compliance. This builds on earlier guidance and reflects a policy shift allowing banks to engage in crypto activities without prior approval.

Bitcoin has recovered to nearly $98,000, easing financial stress in the network. Market behavior has improved with increased capital inflows and investor sentiment. Short-term holders hold 83% of unrealized losses, but are regaining confidence. Institutional interest is rebounding, with US spot Bitcoin ETFs seeing significant inflows. Volatility is low, but further gains are not guaranteed.…

Movement Labs has removed co-founder Rushi Manche and restructured under the new name, Move Industries, following a high-profile investigation into suspicious market activity involving their MOVE token. The new leadership, with Torab Torabi as CEO and Will Gaines as president, aims to rebuild trust by focusing on community engagement and technological development.

World Liberty Financial (WLFI), a DeFi project associated with the Donald Trump family, is considering an airdrop of its new stablecoin, USD1. A community vote showed strong support for the proposal, with only a small fraction opposing it. The airdrop aims to test infrastructure, engage early supporters, and increase visibility for USD1. If approved, WLFI…

Futu Securities, a well-known brokerage in Hong Kong, has introduced crypto deposit services on its Futu NiuNiu platform. Users can now deposit and trade top digital assets like Bitcoin and Ethereum. This move expands the platform’s offerings beyond traditional financial instruments and aims to bridge the gap between traditional and digital markets.

MoonPay’s U.S. users can now buy TRX directly, allowing them to participate in TRON’s DeFi ecosystem. This partnership opens up new opportunities for engagement. The cover art/illustration for this news is provided by CryptoSlate and may contain AI-generated content.

Senate Democrats introduced the End Crypto Corruption Act, which aims to prevent elected officials from benefiting from cryptocurrencies. The timing targets President Trump’s involvement in the crypto sector, particularly his memecoin USD1. The bill also intersects with the GENIUS Act, a stablecoin regulatory framework, sparking debate over ethics and financial activities of officials.