Coinbase faces a $400 million phishing bill after cybercriminals managed to bribe overseas support agents to expose the personal data of the exchange’s users.
Zoltan Vardai
Zoltan is a breaking news reporter at Cointelegraph who is passionate about decentralized technologies like Bitcoin. He previously worked as a journalist for Forkast. News covering crypto, Web3, and NFTs. Zoltan holds a master’s degree from the Ludwig Maximilian University of Munich. His work was also published by Yahoo Finance and the International News Media Association (INMA).
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Bitcoin breaks out while Coinbase breaks down: Finance Redefined - News
Fake Eric Trump-themed token is ‘rug in the making,’ says Bubblemaps A new Eric Trump token on Solana surged 6,200%, raising rug-pull concerns as blockchain sleuths trace insider wallet activity and repeated scam attempts.
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Central banks testing smart contract toolkit under BIS Project Pine The New York Fed and the Bank for International Settlements are trialing smart contracts for tokenized monetary policy, aiming to let central banks act instantly in future financial systems.
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Wintermute opens New York office, citing improved US crypto rules Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry.
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Stablecoins seen as ideal fit for real-time collateral management Stablecoins can streamline collateral management systems in TradFi, but financial institutions may need more straightforward regulatory guidelines for adoption.
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Coinbase faces $400M bill after insider phishing attack Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs.
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Ukraine strategic Bitcoin reserve bill reportedly in final stages Ukraine is said to be finalizing a Bitcoin reserve bill, which may see it become the next country to adopt BTC as a national reserve asset.
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Top South Korean presidential hopefuls support legalizing Bitcoin ETFs While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in South Korea.
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Bitcoin more of a ‘diversifier’ than safe-haven asset: Report “Bitcoin still needs to mature before decoupling from stock markets,” but presents significant benefits as a portfolio diversifier, according to the co-founder of Redstone Oracles.
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SEC delays Solana ETF as decisions for Polkadot, XRP loom Over 80% of investors are betting on the approval of a Solana and Litecoin ETF in 2025, despite the latest delay from the SEC.
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$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock Coinbase saw its highest daily Bitcoin outflows this year, signaling growing BTC investments among institutional investors and corporations.
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Solana co-founder proposes meta chain to fix blockchain fragmentation Anatoly Yakovenko proposed a data availability layer to connect crosschain data across leading networks, boosting blockchain interoperability.
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Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M The $300 million raise is part of the GD Culture Group’s ambition of “embracing blockchain-driven industrial transformation.”
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Bitcoin, altcoins poised to rally on US-China tariff agreement The constructive tone of tariff negotiations removes the risks of “sudden re-escalation,” potentially paving the way for risk assets to surpass their January peaks, analysts said.
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Crypto speculation dominates $600B cross-border payments: BIS report Speculative activity remains closely tied to global funding rates, highlighting crypto’s growing “interconnectedness” with traditional finance, a BIS report claimed.
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Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined Bitcoin is set to reach gold’s market capitalization by 2029, thanks to “structural” ETF inflows and growing governmental adoption, as tariff concerns ease.
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Bitcoin unsure as recession looms, US-China tariff talks kick off Analysts are pointing to signs of approaching trade negotiations in May as a potential catalyst for improved investor appetite in traditional and cryptocurrency markets.
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EU to ban anonymous crypto accounts and privacy coins by 2027 Europe will ban anonymous crypto accounts and privacy coins starting in 2027 under sweeping new AML regulations targeting service providers and token anonymity.
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Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise exec Bitcoin’s “base case” for the end of 2025 is $200,000 without further government adoption, Bitwise’s head of research told Cointelegraph.
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Eric Trump: USD1 will be used for $2B MGX investment in Binance Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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Multi-wallet usage up 16%, but AI may address crypto fragmentation gap AI agent integration may be the next breakthrough for crypto wallet safety and innovation, bringing improved usability and more security against phishing attacks.
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Crypto hackers hit DeFi for $92M in April as attacks double from March Crypto hackers have already surpassed the $1.49 billion stolen during 2024, according to Immunefi’s latest research.
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FIFA shifts NFT platform to new Ethereum-compatible blockchain FIFA is launching a new EVM-compatible blockchain, which will host its NFT collections and fan experiences.
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Vanar Chain tackles AWS-style outages with AI-powered data storage The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028 Bitcoin volatility drops to a 563-day low, suggesting asset maturity as Arthur Hayes forecasts a $1 million BTC price by 2028 amid rising ETF flows and investor confidence.
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Bunq, Europe’s second-largest neobank, expands into crypto An estimated 65% of European citizens are seeking a single application to manage their banking, savings and cryptocurrency investment, according to Bunq’s research.
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A16z leads $25M funding for Miden blockchain project Miden, a zk-powered blockchain spun out of Polygon Labs, raised $25 million led by a16z to scale edge execution and support institutional blockchain adoption.
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BlackRock Bitcoin ETF buys $970M in BTC as inflows surge, boost market Continued investments from BlackRock’s ETF may provide “structural support” for Bitcoin’s price appreciation, market analysts told Cointelegraph.
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Coinbase to launch yield-bearing Bitcoin fund for institutions Coinbase will launch its Bitcoin Yield Fund on May 1 to offer 4%–8% returns for institutional investors seeking passive income on Bitcoin holdings.
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Stacks Asia bets big on Middle East Bitcoin boom with Abu Dhabi partnership The Stacks Asia DLT Foundation's partnership with the Abu Dhabi Global Market aims to make it easier for institutions to participate in the Bitcoin economy.