Category: Blockchain

Blockchain.com Expands in Africa, Opens Nigeria Office

Blockchain.com is stepping up its presence in Africa, targeting markets where governments are beginning to implement formal crypto regulations. The United Kingdom-based exchange plans to open a physical office in Nigeria during the second quarter of 2025 — its “fastest-growing market” in West Africa — amid broader expansion efforts in Ghana, Kenya and South Africa, according to a May 27 report by Bloomberg. “Nigeria has taken meaningful steps toward creating a clear framework for crypto,” Owenize Odia, Blockchain.com’s general manager for Africa, reportedly said. The move comes as global sentiment…

France’s Blockchain Group to buy 590 Bitcoin after bond sale

The Paris-based crypto company Blockchain Group is adding more Bitcoin to its growing treasury through a 63.3 million euro ($72 million) bond sale. The company hopes to buy another 590 Bitcoin (BTC) with the funds, increasing its total holdings to 1,437 BTC, the Blockchain Group said on May 26. Bitcoin is trading at over $109,00, and at current prices, the Blockchain Group could buy 658 BTC with the total amount it raised, according to CoinGecko. However, the company said only 95% of the proceeds from the issuance will be used…

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter. However, the “king of altcoins” appears to be stuck in a loop — one involving repeated pushbacks at a specific price level. After riding the week’s bullish momentum, the Ethereum price faced significant downward pressure above $2,700 and has since crashed to around where it started the week. Below is the underlying factor for ETH’s struggles above…

Blockchain security firm releases Cetus hack post-mortem report

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: “This allowed them…

The future of Web3 is not blockchain

Opinion by: Grigore Roșu, founder and chief executive officer of Pi Squared For some, the audacity of questioning the primacy of blockchain in Web3 is borderline heretical. The idea that decentralization and progress could exist without blockchains seems absurd to those who built careers around Bitcoin, Ethereum, and their descendants. Given blockchain’s well-documented scaling limits, however, there is an argument to be made that Web3 doesn’t actually need blockchains to thrive. Instead, it requires payment systems and verifiable settlement systems that are super fast. Blockchains are just one way to…

VeChain Appoints Blockchain Expert Anthony Day as Marketing Director

Rongchai Wang May 23, 2025 10:52 VeChain has announced Anthony Day as its new Marketing Director, bringing extensive blockchain experience from roles at IBM and Deloitte to drive the company’s growth. VeChain, a prominent player in the blockchain industry, has announced the appointment of Anthony Day as its new Marketing Director. This strategic move comes as VeChain seeks to expand its reach and influence in the rapidly evolving Web3 ecosystem, according to VeChain Official. Anthony Day’s Extensive Experience Anthony Day brings a…

Which senators invest in crypto? 11 lawmakers have blockchain-related investments

As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead with the GENIUS Act, which would provide a regulatory framework for stablecoins. The measure passed 66-32, with 16 Democrats supporting the bill. Democratic concerns over corruption and politicians’ ties to cryptocurrency firms made the bipartisan move controversial. After the vote was finished, Colorado Senator Michael Bennet introduced the STABLE GENIUS Act.…

FIFA taps Avalanche to launch dedicated blockchain for NFT platform

The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications. Related: Bitcoin hits new all-time…

Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain

A US grand jury has indicted the founder of blockchain startup Amalgam Capital Ventures over allegations he defrauded investors out of over $1 million with a fake blockchain. Jeremy Jordan-Jones was arrested and indicted on May 21 and charged with wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft, the Department of Justice said on May 21.   Manhattan US Attorney Jay Clayton claimed Jordan-Jones “touted his company as a groundbreaking blockchain startup,” but alleged that, in reality, the “company was a sham, and investors’ funds…

Sui Blockchain Enhances Real-World Asset Integration with OMG Partnership

Zach Anderson May 21, 2025 21:47 Sui blockchain partners with Open Market Group to offer secure access to real-world asset investments, enhancing DeFi opportunities through Soulbound Tokens. The Sui blockchain has announced a significant partnership with Open Market Group (OMG) to enhance its real-world asset (RWA) offerings. This collaboration marks a pivotal step for Sui, a leading Layer 1 blockchain, as it continues to expand its presence in one of the most dynamic sectors within the cryptocurrency landscape, according to the Sui…