Crypto News

Coinbase CEO Brian Armstrong speaks at a Stand with Crypto rally in Los Angeles in 2024. (Jason Armond/Los Angeles Times via Getty Images) Coinbase Global (COIN) often touts how it is "building the financial system of the future," but last week the cryptocurrency exchange made a disclosure that highlighted how vulnerable it was to a very old-fashioned form of crime: bribery. Cyberattackers accessed names, addresses, government-ID imagery, transaction history, and account balances of customers comprising less than 1% of its monthly transacting users, Coinbase said, and demanded a ransom payment of $20 million. How did criminals get this information? By bribing retail customer service agents in India, according to the company. The...

Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration. During Thursday’s Asian session, the world’s largest cryptocurrency soared past $111,000 (€98,000) at 5:23 am CEST, surpassing its previous all-time high of over $109,000 (€96,000) set during President Trump’s inauguration on 20 January. The rally was supported not only by legislative developments but also by increasing institutional interest. Michael Saylor’s firm, Strategy, disclosed a further aggressive Bitcoin purchase worth $765 million (€675 million) on Monday, bringing its total holdings to over $63...

WASHINGTON (AP) — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But Thursday night’s dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president. While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president’s...

Bitcoin Tops $111,000 for First Time as US Optimism Lifts Crypto Bitcoin surpassed $111,000 for the first time to reach a record high, with traders increasingly bullish on the prospects of the original cryptocurrency amid mounting institutional demand. Bitcoin climbed as much as 3.1% in early Asian trading on Thursday to hit a record of over $111,650. Smaller tokens also rose, with second-ranked Ether at one point up more than 5%. A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US Senate fueled hopes of greater regulatory clarity for digital-asset firms under President Donald Trump, who is avowedly pro-crypto. Surging demand from Michael Saylor’s Strategy — which has stockpiled over $50...

None "Watch These Bitcoin Price Levels as Cryptocurrency Hits $110,000 For First Time" Key Takeaways Bitcoin (BTCUSD) surged above $110,000 for the first time on Wednesday, surpassing its previous record set just before President Donald Trump's January inauguration. The cryptocurrency gathered momentum this week after the Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins and JPMorgan Chase CEO Jamie Dimon, a longtime crypto skeptic, said the bank would allow clients to buy bitcoin. The digital asset has also received a boost recently from growing demand from corporate treasuries. Michael Saylor’s Strategy (MSTR), which popularized the idea, purchased an additional $765 million worth of...

The US Senate is expected to consider the Credit Card Competition Act (CCCA) as an amendment to cryptocurrency legislation, a move that retail groups say could help reduce consumer costs amid ongoing inflation. The amendment is being proposed as part of the GENIUS Act, which aims to establish federal oversight of stablecoins, digital currencies pegged to traditional assets. Swipe fees under scrutiny as prices remain high The National Retail Federation (NRF) has endorsed the inclusion of the CCCA in the cryptocurrency bill, arguing that the measure would increase credit card market competition and reduce transaction fees, commonly referred to as swipe fees. These fees, set primarily by Visa and Mastercard, currently range between 2%...

Surging: Bitcoin (STRF/STAR MAX/IPx) Bitcoin (BTC-USD) hit an intraday high above $109,500 on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 5:30 p.m. ET, the token was trading north of $108,000 even after bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the...

Image source: Getty Images. Bitcoin Hits All-Time High Before Crashing. Ethereum and Dogecoin Are Along for the Ride Down. Key Points Bitcoin (CRYPTO: BTC) was on fire early in the day on Wednesday, only to crash as the market dropped. Investors were reminded that Bitcoin doesn't run the world, the bond market does, and that was apparent today. The big news was a weak 20-year Treasury auction from the U.S. Treasury that resulted in a big spike in bond yields. And higher yields typically mean investors are fleeing from high-risk assets to safer assets. Crypto advocates may think Bitcoin is a "safe" asset, but history tells us that Bitcoin trades correlated with growth stocks and isn't a safe haven if there's a recession or the...

Congress may finally be prepared to pass groundbreaking legislation on stablecoins after clearing a key hurdle on Monday. The so-called GENIUS Act cleared the 60 votes necessary to advance to a full vote by a tally of 66 to 32. The bill’s co-sponsors are feeling confident the bill will now head towards a final vote in the Senate as soon next week. According to crypto analysts, including Fundstrat’s Sean Farrell, that could spark another massive Bitcoin rally. Farrell says Republicans and Democrats coming together to pass the GENIUS Act could be a bellwether of pro-crypto bipartisanship taking a massive step forward. “Whether there's a cause and effect here, I think narrative-wise, it certainly increases the likelihood of some...

Bitcoin now ranks as the fifth most valuable asset globally, surpassing Amazon and Google with a $2.158 trillion market cap. On Wednesday, May 21, Bitcoin achieved a new all-time high of $109,487.23, pushing the largest cryptocurrency's market capitalization above $2.17 trillion. This accomplishment places Bitcoin as the fifth most valuable asset globally, surpassing Amazon and Alphabet while trailing only gold, Microsoft, Nvidia, and Apple. At press time, Bitcoin was trading at $109,721.94, reflecting a 4.19% increase over the last day. During this excitement, Michael Saylor, executive chairman of Strategy (previously MicroStrategy), posted enthusiastically, "If you're not buying bitcoin at the all-time high, you're leaving money...

When you think about investing, you may lean more toward stock market options rather than the gold standard — but investing in gold may come with a few rules that will surprise you. For those new to the scene, it's important to learn about these quirks and strange laws so you don't find yourself on the wrong side of it when buying gold. For example, the 1933 Double Eagle gold coin, minted but never legally circulated, is considered government property and therefore illegal to own. In fact, owning one of these rare $20 coins today is not just illegal but may result in confiscation. This makes the 1933 Double Eagle a captivating yet untouchable part of gold coin history. For this reason among many others, the price of gold investing...

None "Why Bitcoin Surged to an All-Time High on Wednesday" Key Takeaways Bitcoin (BTCUSD) soared to a fresh record on Wednesday amid increasing acceptance of cryptocurrencies on Capitol Hill and Wall Street. Bitcoin jumped as high as $109,900 around midday Wednesday, surpassing the previous record reached in the lead-up to President Trump’s inauguration in January. The digital currency slipped to around $108,000 in recent trading, tracking a decline in U.S. stocks. Once a fringe financial asset dismissed by the mainstream, cryptocurrencies have gained new legitimacy this year thanks to the support of President Trump and several allies in Congress. The Senate on Monday voted to advance a bill that establishes a regulatory framework...

On May 22, a public dinner marketed as "The Most Exclusive Once in a Lifetime Invitation" will allow the top 220 holders of the Trump-linked meme coin, TRUMP, to personally meet U.S. President Donald Trump. The VIP gala dinner, organized by Trump associate Bill Zanker, has drawn backlash for commodifying the political space and profiting from the crypto sector. Zanker, co-author of a book with Trump in 2007, has developed various products tied to Trump's brand, including NFTs, sneakers, and cologne. He has been notably instrumental in discreetly monetizing Trump's presence in the crypto market. According to Chainalysis, Zanker's company, Fight Fight Fight LLC, is responsible for the TRUMP meme coin, which has generated an estimated...

A good credit score is the foundation of a healthy financial life. Without a good credit score, you’ll pay more to borrow money, get locked out of the best offers, and even struggle to rent an apartment or get a job. Unfortunately, one colossal mistake can ruin years of careful credit-building for even those with the highest scores. Lamine Zarrad, a former national bank examiner for the United States Treasury, is the CEO and founder of StellarFi, a credit-building tool that helps struggling users rebuild. Calculating your credit can be tricky, and subject to change from month to month. However, Zarrad cautions anyone who cares about their financial well-being to avoid the one massive misstep that can instantly tank your score by 100...

Source: Companies Market Cap Bitcoin hit a new all-time high (ATH) of $109,487.23 on May 21, thanks to the recent bullish rally. It is expected that it will soon break out to the $110,000 price level. The king coin last hit the record high of $109,241 on Jan. 20, ahead of pro-crypto Donald Trump's presidential inauguration ceremony. Within weeks of his second term, Trump signed an executive order on March 6 to establish a strategic Bitcoin reserve in a landmark move giving institutional validation to the star of the decentralized economy. The action triggered a brief rally before the asset retreated due to macroeconomic trends. The cryptocurrency hitting a new record high now is significant, given the precarious condition of the...

Surging: Bitcoin (STRF/STAR MAX/IPx) Bitcoin (BTC-USD) pared gains on Wednesday after hitting an intraday high above $109,500, driven by bullish momentum and a strengthening regulatory outlook for crypto. At around 1:45 p.m. ET, the token was trading north of $106,500 as bond yields rose and the broader market slid. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record...

Surging: Bitcoin (STRF/STAR MAX/IPx) Bitcoin (BTC-USD) surged above $109,500 to hit a new high on Wednesday, driven by bullish momentum and a strengthening regulatory outlook for crypto. The token has jumped more than 40% since falling to around $76,000 in early April as the broader market rebounded after President Trump partially rolled back his tariff policy. "I think the market is now in default buy the dip mode, whereas a couple of months ago, the market was certainly in sell the rip mode," Sean Farrell, head of digital asset strategy at Fundstrat, said in a client note on Monday. Bitcoin's record comes on the heels of a key procedural victory in the Senate on Monday night for a bill to regulate stablecoins — cryptocurrencies...

Photo: Dan Kitwood (Getty Images) Bitcoin just hit a new record after a long crypto slump. Bitcoin rose to a new record high on Wednesday, surpassing the previous high it hit earlier this year. The world’s leading cryptocurrency hit a peak of $109,359.59 Wednesday morning, according to Dow Jones Market Data. Its previous high-water mark came on President Donald Trump’s inauguration day in January. Like many other cryptocurrencies, Bitcoin suffered through a prolonged slump in the months between, falling as low as $75,000 in March. Its price has climbed steadily ever since and is up 16% so far in May. The rally comes as crypto becomes more accepted by U.S. regulatory bodies and the broader financial world. JPMorgan Chase CEO Jamie...

Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., has revealed that personal data from 69,461 individuals got exposed in the data leak in its filing with the Maine Attorney General’s Office. The exchange had earlier claimed that the data leak affected less than 1% of its users. As previously reported, Coinbase CEO Brian Armstrong informed his followers about the leak on X on May 15. The leaked information included customer names, addresses, and emails — with no impact on passwords, private keys, and funds. The hackers demanded $20 million in Bitcoin from the exchange. Armstrong said he instead announced a $20 million bounty for leads on those responsible. Only "less than 1% of our monthly transacting users had their...

None The price of bitcoin (BTCUSD) surged to a new record high Wednesday as the digital currency extended a rally fueled by renewed investor risk appetite and optimism about a favorable regulatory backdrop. Bitcoin jumped to nearly $109,500 this morning, surpassing its previous high of around $109,300 set in January and up from an overnight low of just under $106,000. The digital currency had slumped in April to around $76,000 as investors fled risky assets such as cryptocurrencies and stocks amid concerns about tariffs and their potential impact on the economic outlook. However, markets have since stabilized and have recently been on a rally after Trump temporarily paused tariffs on most countries. Last week, the Trump...