Category: crypto

Crypto users are being warned about phishing emails that appear to be from real Google accounts, containing hidden links that can steal passwords, session data, or wallet access. The phishing emails use spacing tricks to hide harmful content. Users are advised to verify requests manually and not click on unfamiliar links.

Validators on the XRP Ledger are urged to update their nodes to version 3.1.3 as the fixCleanup3_1_3 amendment is set to activate on May 27. Failure to update may result in amendment blocking and loss of transaction processing access. The update includes fixes for various protocols and comes during a period of increased XRP market…

Ripple CTO David Schwartz rejected claims from the XRP community regarding meme coins and the FUZZY project. He stated that treating meme coins as serious investments was inappropriate. Schwartz’s opening of a trust line for FUZZY led to speculation, but he clarified that it was just a technical test, not an endorsement. There have been…

The Financial Conduct Authority and the Bank of England have launched a joint consultation on tokenized UK wholesale markets. The consultation seeks feedback on tokenized securities, collateral, settlement tools, and market infrastructure rules. The goal is to gather market input before establishing a digital wholesale roadmap. The consultation also covers aligning stablecoins and tokenized deposits…

Strategy purchased 24,869 Bitcoin for $2.01 billion between May 11 and May 17, bringing their total holdings to 843,738 BTC. The purchase was funded through MSTR common stock and STRC preferred stock sales. The company paid an average price of $80,985 per Bitcoin. Bitcoin prices were below $77,000 due to ETF outflows and liquidations.

Crypto analyst Michaël van de Poppe believes that a stronger business cycle could lead to increased interest in altcoins. He also points to the copper-to-gold ratio as a potential indicator of better risk appetite. The CLARITY Act, which could impact the market, faces uncertainty in the Senate. Altcoin performance remains uneven.

Chamath Palihapitiya warns consulting giants like PwC and Accenture that by embedding OpenAI and Anthropic tools directly into their businesses, they are allowing these firms to become their competitors. He suggests that consulting firms need to control token generation to avoid being replaced by AI-native services companies.

AI now plays a significant role in the credit market, with nearly half of investment-grade bond issuance and 87% of venture capital funding driven by AI. This shift reflects the impact of AI infrastructure spending by major companies on debt and private capital markets, expanding beyond traditional equity markets.

Iran’s Ministry of Economy has launched Hormuz Safe, a Bitcoin-settled maritime insurance platform for vessels in the Strait of Hormuz and Persian Gulf. Premiums are payable in cryptocurrencies, aiming for $10 billion in revenue. Despite the potential, concerns about US sanctions and regulatory issues have been raised.

KB Financial Group completed a proof of concept for a South Korean won-denominated stablecoin, testing payments, settlement, and overseas remittances. The pilot reduced fees by 87% and finished a transfer to Vietnam in under three minutes. South Korea’s stablecoin regulations are still uncertain, but the central bank supports the use of stablecoins in the future…