After approaching $40 per petahash per second (PH/s) in hashprice terms, bitcoin’s latest price decline triggered a pullback in hashprice, reducing mining profitability since May 14. Conditions tightened further the next day when the difficulty adjustment arrived, pushing mining difficulty 3.12% higher than the previous epoch.
Key Takeaways
Bitcoin difficulty hit 136.61T on May 15 as miner…
BTC’s slide toward $76,000 pushed bitcoin sentiment into bearish territory, according to Santiment. The firm said retail pessimism hit its weakest level in nearly four weeks, a setup it views as supportive for a potential rebound.
Key Takeaways
Santiment said rising…
An alleged support impersonation scheme led to more than $13 million in cryptocurrency wallet losses, according to the DOJ. The case centers on fake support claims, unauthorized digital account access, wallet transfers, and laundering through luxury spending.
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Ripple CEO Brad Garlinghouse shared why he sees XRP as unique, pointing to its speed, low cost, scalability, and long-running community support. He cited three-to-five-second settlement, fractions-of-a-penny transaction costs, and more than 4 billion completed transactions.
Key Takeaways
Garlinghouse said XRP stands out for its speed, low costs, and scalability.
Ripple’s CEO highlighted…
A delivery-worker ruse escalated into a violent cryptocurrency robbery case involving firearms, restraints, and an alleged gunpoint transfer of approximately $6.5 million from a victim’s accounts.
Key Takeaways
Authorities alleged attackers used delivery disguises to gain…
Owe Martin Andresen, a German national, faces money laundering charges after using a cryptocurrency-based payment processor to purchase gold bars and sending them to his home address. Adresen was the alleged admin of “Dream Market,” a darknet market that shut down in…
The institution issued a ban on Banco Topazio’s ability to conduct foreign purchases and sales of cryptocurrency assets for two years after detecting irregularities in the due diligence processes for these operations. Additionally, the institution was fined $3.2 million.
Key Takeaways
Brazil’s Central Bank banned Banco Topazio for 2 years and fined it $3.2M over unchecked crypto…
David Schwartz warned XRP Ledger users about rising airdrop and giveaway scams targeting the community. The Ripple CTO Emeritus said impersonators on Instagram, Telegram, and other platforms are likely scammers.
Key Takeaways
David Schwartz flagged escalating fake airdrop…
Strive reported a larger bitcoin treasury after its Semler Scientific merger, reaching 15,009 bitcoin with no outstanding debt. The filing showed $929.4 million in digital assets, new medical-device revenue, and a major unrealized loss tied to fair-value accounting.
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Schwab Crypto is rolling out spot bitcoin and ethereum trading for selected retail clients through Schwab-linked accounts. The offer includes 24/7 support, education, research, and pricing at 75 basis points on each trade’s dollar value.
Key Takeaways
Schwab Crypto will let selected retail clients trade bitcoin and ethereum through linked accounts.
Clients will use separate Schwab Crypto…
