FIFA Chooses Avalanche to Power Its New Blockchain for NFTs and Fan Engagement
FIFA has officially selected Avalanche as the foundation for its newly launched blockchain platform dedicated to NFTs and digital experiences for fans, according to a May 22 announcement. The new blockchain will be built using Avalanche’s layer-1 network, known for its high-performance infrastructure and ability to scale, supporting FIFA’s mission to connect with its global […]
Bitcoin Overtakes Amazon’s Market Value on Bitcoin Pizza Day, Reaches New Price Milestone
On May 22, widely recognized in the crypto community as Bitcoin Pizza Day, Bitcoin made headlines by surpassing the market capitalization of retail giant Amazon. According to market figures, Bitcoin’s valuation climbed to $2.205 trillion, outpacing Amazon’s $2.135 trillion by around $70 billion. This comes as Bitcoin soared past the $110,000 mark, setting a new […]
BlackRock’s Bitcoin ETF Sees Surge in Inflows as BTC Approaches $112K
Investor appetite for spot Bitcoin exchange-traded funds (ETFs) is heating up again, with BlackRock’s iShares Bitcoin Trust (IBIT) recording its strongest daily inflow in two weeks as Bitcoin’s price edges near $112,000. On May 21, IBIT attracted $530.6 million in net inflows, its highest single-day haul since May 5, when it pulled in $531.2 million, […]
Banking Industry Growing Uneasy Over Rise of Interest-Paying Stablecoins
The U.S. banking sector is reportedly becoming increasingly anxious about the growing popularity of stablecoins that offer returns, with concerns mounting that they could significantly undercut the traditional banking model. That’s according to Austin Campbell, an NYU professor and founder of Zero Knowledge Consulting. In a post shared on social media on May 21, Campbell—opening […]
Bitcoin Hits Record High Amid US-China Trade Truce and Easing Global Tensions
Bitcoin soared to a new all-time high after geopolitical developments lifted market sentiment, sparking renewed confidence among investors. According to TradingView data, Bitcoin (BTC) surged to $109,400 on May 21, representing a 26% gain over the past month. The rally followed the May 12 announcement of a temporary 90-day trade pact between the United States […]
JPMorgan to Enable Bitcoin Purchases for Clients, But Won’t Hold the Asset
Jamie Dimon, CEO of JPMorgan Chase, announced that the bank will soon let clients purchase Bitcoin, though it has no plans to manage the cryptocurrency directly. “We’ll let you buy it,” Dimon stated during JPMorgan’s annual investor day on May 19. “But we’re not going to hold custody of it. It’ll show up on your […]
SEC Crypto Task Force Expected to Release Initial Report Within Months
New SEC Chair Paul Atkins recently addressed lawmakers in one of his first public appearances since taking the helm at the U.S. Securities and Exchange Commission, outlining his early priorities—including the regulation of digital assets. During a May 20 congressional hearing focused on SEC oversight, Atkins emphasized his commitment to placing crypto regulation at the […]
Argentina’s Milei Disbands LIBRA Scandal Investigation Unit
Argentinian President Javier Milei has officially shut down the special unit tasked with probing the controversial collapse of LIBRA, a cryptocurrency he had previously promoted on social media before its value plummeted to zero. According to government records, the dissolution of the Investigative Task Unit (ITU) was enacted through a decree issued on May 19 […]
Germany Forfeited $2.3B in Potential Gains After Premature Bitcoin Sale
Germany missed out on a profit of over $2 billion by selling its Bitcoin stash too early in 2024, according to data from blockchain analytics firm Arkham. A wallet tagged as belonging to the German Federal Criminal Police Office (BKA) offloaded roughly 49,858 BTC — valued at around $2.89 billion at the time — during […]
Strategy Buys 7,390 BTC for $765M While Facing Legal Action
Strategy, the company formerly known as MicroStrategy and the leading corporate holder of Bitcoin, made headlines again after acquiring another large batch of the digital asset—just as a class-action lawsuit emerged against the firm. On May 19, Strategy revealed it had purchased 7,390 BTC for approximately $764.9 million, paying an average of just under $103,500 […]