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
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
COINOTAG News, May 15th – In a significant move for the cryptocurrency landscape, Abraaj Group has emerged as the first publicly traded company in the Middle East to implement a Bitcoin financial strategy, as reported by Cointelegraph. This pioneering initiative underscores the growing acceptance of digital currencies within established financial institutions. Operating across six continents, … Read more
BNB has a bullish bias on the 1-day timeframe. It was stuck in a short-term consolidation phase, but long position entries around $640 appeared favorable. Binance Coin [BNB] has rallied 8.5% in the past week, compared to Bitcoin’s [BTC] 6.27%. This was a sizeable underperformance from BNB compared to many altcoins. For example, Ethereum [ETH] … Read more
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
TLDR Pi Coin crashed 33% in price following the launch of a $100 million VC fund Market cap plummeted by nearly $5 billion, dropping out of top 20 cryptocurrencies Pioneer community expressing frustration over lack of functioning DApps Community leaders accuse Core Team of neglecting early supporters Price dropped from $1.5 to around $0.84-0.89 within … Read more
MoonPay has teamed up with Mastercard to launch a new suite of stablecoin payment cards. This is a significant move because it will enable seamless digital asset spending at over 150 million merchants worldwide. Announced on 15 May 2025, this collaboration follows MoonPay’s recent acquisition of Iron’s infrastructure – responsible for building API-first stablecoin infrastructure … Read more
House of Democrats are urging the U.S. Treasury to investigate Donald Trump’s crypto dealings, Elon Musk’s political actions committee (PAC), and the Republican fundraising platforms over possible fraud, bribery, and foreign influence. In a letter sent to Treasury Secretary Scott Bessent, top Democrats from three powerful House committees requested all suspicious activity reports (SARs) related … Read more
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 in its final stages, according to Yaroslav Zhelezniak, a member of parliament who … Read more
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