May 2025 - CryptoCurrencyWire

FridayMay 23, 2025 9:00 am

US Senate Passes the GENIUS Act to Regulate Crypto

The U.S. Senate recently voted 66-22 to move forward with the GENIUS Act, a new proposal focused on regulating parts of the crypto world. While the bill stirred debate in recent weeks, especially among Democrats skeptical of President Donald Trump’s involvement in crypto ventures, it still earned the backing of 16 Democrats, including Senators Cory Booker and Adam Schiff. At its core, the GENIUS Act aims to put clear rules in place for stablecoins, a specific type of digital currency that’s typically tied to a traditional asset like the USD. Supporters say these regulations will bring more security for users…

ThursdayMay 22, 2025 9:00 am

Coinbase Says Recent Cyberattack Cost Could Total $400m

Coinbase, the largest crypto exchange in the United States, has revealed that a recent cybersecurity breach affecting some of its users may cost the company between $180 million and $400 million. The estimated loss doesn’t include the $20 million ransom demand made by the attackers, which Coinbase firmly declined to pay. According to the company, although the hackers accessed personal details like names, home addresses, and email accounts, they did not manage to obtain login information or passwords. However, some users were tricked into transferring funds to the attackers, and Coinbase has promised to reimburse those affected. The attack involved…

TuesdayMay 20, 2025 9:00 am

France to Bolster Crypto Entrepreneurs’ Security in the Wake of Kidnappings

The French government is stepping up efforts to protect the cryptocurrency sector by introducing enhanced security measures for industry professionals and their families. Authorities are now offering crypto entrepreneurs priority access to emergency police services, in-home visits by law enforcement, and customized security briefings. France’s Interior Minister Bruno Retailleau noted that the goal is to both deter attackers and offer real protection to those operating in the digital finance space. Law enforcement personnel are also set to undergo specialized training focused on anti-money laundering within the crypto context. A longer-term initiative to elevate security practices across the sector is also…

FridayMay 16, 2025 9:00 am

French Police Inquire into Spate of Kidnappings Targeting Crypto Millionaires

French authorities are currently investigating a disturbing trend involving the abduction of individuals tied to the crypto world. The latest case involves a 60-year-old man whose finger was severed by kidnappers demanding that his son, a crypto-millionaire, pay ransom for his release. The victim, who runs a crypto marketing firm alongside his son, was held captive for over two days before being rescued by police. The man was abducted on a Thursday morning while walking in the 14th arrondissement of Paris. According to reports, four masked individuals forced him into a van. After more than 48 hours in captivity, he…

ThursdayMay 15, 2025 9:00 am

Trump to Host Top Buyers of His Meme Coin to Exclusive Dinner

U.S. President Donald Trump’s latest venture into the crypto world is stirring up controversy, criticism, and speculation. On Monday, the top two hundred and twenty investors in a Trump-branded digital token secured an invitation to a private dinner with the president. The dinner, scheduled for May 22 in Washington, D.C., is being presented as a reward for those who spent the most on the crypto known as $TRUMP. Launched in January, $TRUMP has gained significant traction, reaching a market value of over $2 billion. Despite being promoted as a public token, a substantial portion of it is held by a…

TuesdayMay 13, 2025 9:00 am

Why the Crypto Bill in the US Senate Tanked

The crypto sector has just hit its first major obstacle under Donald Trump’s second term after enjoying a period of unprecedented support in Washington. Senate Democrats recently blocked a crypto measure that had strong backing from the industry, signaling a shift in momentum on Capitol Hill. While the proposal isn’t entirely off the table, its path forward is uncertain, especially as political divisions deepen. The sector has spent vast sums trying to win over lawmakers across the political spectrum, but partisan tensions are undermining that strategy. Democrats, aiming to push back against Trump’s influence, are increasingly hesitant to support measures…

FridayMay 09, 2025 9:00 am

VC Funding to Crypto Firms Slows to Multiyear Level in April

Venture capital investment in the crypto sector is declining, both in terms of the amount raised and the frequency of deals. The latest data from April shows that instead of a wide spread of smaller investments, there are fewer but much larger funding rounds. According to Cryptorank, there were 94 deals in April totaling $2.37 billion. That’s a steep drop from the 140 deals in March, which brought in more than $5 billion. Among these, Dao5 stood out with an unannounced round reportedly worth $222 million. These numbers are starting to resemble some of the slower periods during the 2022–2023…

ThursdayMay 08, 2025 9:00 am

EU to Outlaw Anonymous Crypto Accounts by 2027

The European Union (EU) is preparing to enforce strict new rules targeting money laundering, with major implications for cryptocurrencies. Starting in 2027, privacy-focused digital currencies and anonymous crypto accounts will no longer be allowed under the bloc’s updated anti-money laundering regulations. This is the latest step in the EU’s ongoing effort to bring the crypto sector in line with traditional financial regulations and eliminate loopholes that could be exploited for illegal activity. The upcoming Anti-Money Laundering Regulation (AMLR) will apply to banks, financial institutions, and crypto service providers. These entities will be required to stop offering anonymous accounts or supporting…

TuesdayMay 06, 2025 9:00 am

UK Prepares to Ban Use of Borrowed Funds to Buy Crypto

UK regulators are taking steps to block investors from using borrowed money, like credit card debt, to buy crypto. The move is part of a broader effort to update how digital assets are monitored and to protect consumers as the market grows rapidly. Digital currencies like Bitcoin have seen huge price swings in recent months, especially following U.S. President Donald Trump’s win. These surges have raised concerns about how people are getting involved in crypto investing, prompting the Financial Conduct Authority (FCA) to consider tighter oversight while also trying to support innovation in the sector. Recent data from YouGov shows…

FridayMay 02, 2025 9:00 am

MasterCard, MetaMask Unveil Revolutionary Card for Crypto Self-Custody

MetaMask, one of the most recognized names in self-custody crypto wallets, has partnered with MasterCard to roll out a new metal payment card. The card is designed to bridge the gap between real-world spending and digital assets, potentially reshaping how crypto holders use their funds for everyday transactions. Set for a global release in Q2 of 2025, the MetaMask Metal Card introduces a new way for users to spend crypto directly from their wallets. Unlike existing crypto cards that require users to convert digital assets into fiat or pre-load them, this card enables direct payments from MetaMask’s non-custodial wallets—no middlemen,…