Day: May 14, 2025

Kima joins Mastercard sandbox to enable stablecoin card top-ups

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Decentralized settlement protocol Kima has integrated into Mastercard’s sandbox program, enabling stablecoin-powered top-ups for prepaid cards directly from self-custody wallets. According to an announcement shared with Cointelegraph, Mastercard partners can now rely on Kima’s settlement infrastructure to allow their prepaid cards to be topped up with stablecoins, including USDC (USDC) and Tether’s USDt (USDT), from self-custody wallets across more than 10 blockchains. Kima CEO Eitan Katz said the integration shows that stablecoins can be practical for everyday use and remove friction and intermediaries from crypto-to-fiat conversions while expanding crypto usability.…

GD Culture Group Embraces Crypto With $300 Million Plan to Acquire Bitcoin and Trump Coin

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Nasdaq-listed GD Culture Group plans to allocate up to $300 million from a stock purchase agreement toward acquiring BTC and TRUMP for its corporate treasury, signaling a strategic pivot toward decentralized finance. GDC to Build Crypto Reserve with $300 Million Stock Deal GD Culture Group Limited (Nasdaq: GDC) has announced a landmark $300 million common […] Original

Tether adds 4,812 Bitcoin into Twenty One Capital’s treasury ahead of public listing

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Twenty One Capital has added another 4,812 Bitcoin to its treasury after a fresh purchase by major backer Tether ahead of a planned Special Purpose Acquisition Company merger. On May 9, Tether acquired the BTC at an average price of $95,319 per token and transferred the assets to an escrow wallet, as revealed in a May 13 filing with the US Securities and Exchange Commission. The purchase, worth roughly $458.7 million, brings Twenty One Capital’s total holdings to 36,312 BTC, placing it just behind Strategy and MARA Holdings in terms…

Former execs of crypto lender Cred cop to wire fraud

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Two former executives of the bankrupt crypto lending service Cred have pleaded guilty to wire fraud connected to the company’s collapse. Former Cred CEO Daniel Schatt and chief financial officer Joseph Podulka admitted to wire fraud as part of a plea deal with prosecutors, according to a May 13 text filing in a California District Court. District Judge William Alsup accepted the plea deals and set a sentencing hearing for Aug. 26. Wire fraud can carry up to 20 years in prison and $250,000 in fines for individuals and $500,00…

eToro to debut on Nasdaq in $620M upsized IPO deal

Trading platform eToro is set to raise nearly $620 million in its U.S. Initial Public Offering, after pricing shares above the marketed range ahead of its May 14 Nasdaq debut. According to a May 13 press release, eToro, alongside existing shareholders, will sell 11.92 million shares at $52 apiece. This is well above the originally marketed range of $46 to $50 and up from the 10 million shares initially planned. The offering gives the company a valuation of about $4.3 billion, or nearly $5 billion on a fully diluted basis.…

XRP Sees Renewed Trader Activity as Market Absorbs Selling Pressure

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin Scam Hits NH: Spoofed Treasury Calls Trigger Statewide Warning

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As New Hampshire pioneers bitcoin state reserve integration, scammers exploit public interest—triggering fraud alerts amid soaring confidence in BTC adoption. NH Treasury Issues Alert: Fraudsters Use Bitcoin to Target Residents The New Hampshire State Treasury issued a public announcement on May 13, warning residents of a bitcoin-related scam involving fraudulent calls from individuals impersonating Treasury […] Original

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