Pi Network has launched a $100 million fund, Pi Network Ventures, to invest in startups and businesses that drive the adoption and utility of its blockchain ecosystem. 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...Continue Reading

BTCS bet big on Ethereum, announcing a $57.8 million agreement to scale staking and validator operations. Publicly traded company BTCS announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy.  The Rockville, Maryland-based company announced the deal on May 14, saying that the...Continue Reading

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. 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...Continue Reading

Bitcoin can hardly get any more bullish, says independent analyst filbfilb, as $100,000 slowly returns as support and bulls fight to cement a $2 trillion market cap. Key points: Bitcoin has a fight for a $100,000 price and a $2 trillion market cap on its hands this month. Dips below six figures are “easily possible,”...Continue Reading

The leader of an NFT project and Bitcoin mining venture has been sued by his former business partners for allegedly failing to pay them their promised equity returns. Several investors in a non-fungible token (NFT) project, Hashling NFT, have accused its founder of misappropriating millions of dollars in profits from the project and a closely...Continue Reading

Liquidators from KPMG have been appointed by court order to oversee the bankruptcy proceedings of the Multichain Foundation. A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack. In the May 9 judgment in...Continue Reading

There have been two serious attacks in Paris this month targeted at the families of crypto execs, and Chainalysis’ Levin has offered one of the reasons why it’s happening. Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO...Continue Reading

Haowang Guarantee, formerly Huione Guarantee, has announced that it will cease operations following a massive Telegram purge of merchant accounts. A major Chinese darknet marketplace suspected of facilitating crypto scams and cybercrime has been shut down by the Telegram messaging service, upon which it operated. The internet’s largest illicit marketplace, Haowang Guarantee, formerly Huione Guarantee,...Continue Reading

Senator Kirsten Gillibrand says a stablecoin bill will scrap language targeting the Trumps as the Senate will aim to pass it by May 26. The US Senate could pass a key bipartisan stablecoin bill as soon as next week after removing language targeting President Donald Trump and his family’s sprawling crypto interests. Republican Senator Cynthia...Continue Reading

“We are always looking at M&A opportunities,” said the Coinbase chief executive, Brian Armstrong, following the Deribit deal. Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14....Continue Reading