Bankera founders used ICO funds on global property buys: Report
The founders of the crypto fintech firm Bankera used funds from the project’s 2018 initial coin offering to purchase luxury properties worldwide, according to a report by the Organized Crime and Corruption Reporting Project. The OCCRP reported on April 28, citing leaked company records and bank statements, that nearly half of the funds from Bankera’s […]
Samourai Wallet, feds ask for time to mull dropping crypto mixer case
US federal prosecutors and the co-founders of the crypto mixer Samourai Wallet have asked a court for more time to consider potentially dismissing the case after the Justice Department rolled back its crypto enforcement. Lawyers for Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill said in an April 28 letter to Manhattan […]
Ray Dalio says global monetary order ‘on the brink’ of breakdown
Legendary investor Ray Dalio has said the world is “on the brink” of the global monetary order breaking down, which is being accelerated by the Trump administration’s tariff disruptions. The trade tensions are fracturing the monetary, political and international world orders by fueling deglobalization and unsustainable trade imbalances, Dalio, the former CEO of hedge fund […]
US dollar to face growing competition for stablecoin dominance: Tether co-founder
While United States dollar-denominated stablecoins dominate the stablecoin and real-world asset (RWA) tokenization game, other competitors are coming into play, according to Tether co-founder Reeve Collins. Speaking to Cointelegraph in Dubai, Collins said that while USD-backed stablecoins may currently dominate, other currencies and assets may compete to back stablecoins. He said: “The stablecoin definitely helps […]
Mastercard links with Circle, Paxos for merchant stablecoin payments
Mastercard says it will allow merchants across its network to be paid with stablecoins in a partnership with payment processor Nuvei and stablecoin issuers Circle and Paxos. Through the venture, 150 million merchants across the Mastercard network will now have the option to receive payments in stablecoins, regardless of how a customer pays, Mastercard said […]
Crypto group asks Trump to end prosecution of crypto devs, Roman Storm
The crypto lobby group, the DeFi Education Fund, has petitioned the Trump administration to end what it claimed was the “lawless prosecution” of open-source software developers, including Roman Storm, a creator of the crypto mixing service Tornado Cash. In an April 28 letter to White House crypto czar David Sacks, the group urged President Donald […]
Ethereum Foundation shuffles leadership, splits board and management
The Ethereum Foundation, which backs the development of the Ethereum blockchain, has overhauled its leadership structure to separate the responsibilities of its management team and board of directors. The board will act as the “security council to protect the heart and soul” of the foundation and set visions for Ethereum, while the new management will […]
BONK price gains 60% in a week as Solana memecoins make a comeback
Key takeaways: BONK price is up 73% since April 22, hitting a five-month high of $0.00002167. BONK’s open interest surged 290% to $43.2 million. Bonk (BONK), the second-largest Solana-based memecoin by market capitalization, is on track to continue the recovery it began on April 22. BONK has climbed approximately 73% from its April 22 low […]
MetaMask to launch self-custody crypto card with Mastercard
Wallet provider MetaMask is launching a crypto payments card that will allow users to spend self-custodied funds, offering crypto holders additional ways to use their tokens. The new card is backed by Mastercard and is being developed in partnership with CompoSecure and Baanx, according to the company. The product uses smart contracts to execute the […]
Arizona legislature moves forward with Bitcoin reserve bills
Lawmakers in the Arizona House of Representatives have voted to pass two bills that could allow the state to adopt a reserve using Bitcoin (BTC) or other cryptocurrencies. In a third reading on April 28 of the Senate Bill 1025 (SB1025), a proposal to amend Arizona’s statutes to allow for a strategic BTC reserve, 31 […]