Kenneth Rogoff, former chief economist of the IMF, has argued that bitcoin flows are already affecting the use of the dollar in the so-called “shadow economy.” This, consequently, is causing troubles for the U.S. economy, by propping up interest rates. Former IMF Chief Economist Claims Bitcoin Is Substituting the Dollar in the $25T Shadow Economy … Read more
Thailand is preparing to let tourists spend cryptocurrency via credit card-linked platforms as part of a broader strategy to modernize its financial system and embrace digital assets. The plan was announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira during an investment seminar in Bangkok on May 26, according to reports from Bangkok Post … Read more
BNB Chain’s recent Maxwell Hard Fork successfully reduces block time to 0.75 seconds, significantly enhancing speed without compromising network integrity. This upgrade introduces longer epoch lengths and optimized gas limits, paving the way for improved validator coordination and overall network performance. Notably, BNB Chain’s transactions now approach 2-second finality, establishing a competitive stance against Ethereum … Read more
XRP is under pressure after breaking a key inflow streak that had lasted for 80 consecutive weeks. The token is trading at $2.28 at press time, down 2.6% in the past 24 hours, and has remained within a narrow seven-day range of $2.29 to $2.40. According to a report from CoinShares published on May 26, … Read more
Key Points: Binance CEO Richard Teng stresses regulatory clarity in crypto. Focus on innovation and consumer protection. Industry aligns with calls for clear regulation. Richard Teng, CEO of Binance, advocated for clear crypto regulations in a , emphasizing innovation and consumer protection. The statement signals potential policy shifts affecting cryptocurrency market dynamics, highlighting the industry’s … Read more
French authorities have arrested more than 12 people who have been linked to two high-profile crypto kidnapping cases in Paris, France, local media reports. Those arrested include several minors, with charges against them including kidnapping, attempted kidnapping and criminal conspiracy, Le Parisien reported on May 26. French investigators are exploring the possibility that a criminal … Read more
On May 27, COINOTAG reported a significant movement in the cryptocurrency market as whale investor James Wynn notably increased his holdings by 659.44 BTC. This strategic accumulation reflects a long position of 4034.56 BTC, which is currently valued at approximately $440 million. The entry price for this notable purchase stands at $109,951.3, with a liquidation … Read more
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for his role in a fraud scheme involving the misappropriation of customer funds to his hedge fund, Alameda Research. According to a Business Insider report, the Bureau of Prisons (BOP) estimates that he could be released as early as December 14, 2044, … Read more
XRP has been undergoing a prolonged period of consolidation since early December, where its price has consistently traded within a tight range of approximately $2.00 to $2.60. While there have been occasional spikes—briefly pushing XRP as high as $3.35—the token has largely been unable to sustain movement above the $2.60 resistance zone, having been rejected … Read more
SUI leads with a $157M token unlock on June 1, drawing major market attention. ENA and OP follow with large releases, possibly increasing short-term sell pressure. Nine projects unlock over $250M in value, impacting liquidity and token dynamics. A series of major token unlocks is expected between May 27 and June 2, 2025. These could … Read more