Category: CryptoX News

60K BTC addresses leaked as LockBit ransomware gang gets hacked

Almost 60,000 Bitcoin addresses tied to LockBit’s ransomware infrastructure were leaked after hackers breached the group’s dark web affiliate panel.  The leak included a MySQL database dump shared publicly online. It contained crypto-related information that could help blockchain analysts trace the group’s illicit financial flows. Ransomware is a type of malware used by malicious actors. It locks its target’s files or computer systems, making them inaccessible. The attackers typically demand a ransom payment, often in digital assets like Bitcoin (BTC), in exchange for a decryption key to unlock the files.…

G7 summit could discuss North Korea’s crypto hacks: Report

Group of Seven (G7) leaders could discuss North Korea’s escalating cyberattacks and crypto thefts at an upcoming summit in Canada, mid-next month. Conflicts in Ukraine and Gaza will dominate discussions, but North Korea’s increasing cyber threats and crypto hacks have become a major concern requiring a coordinated international response, Bloomberg reported on May 7, citing people familiar with the plans. The people said North Korea’s nefarious cyber operations are alarming, as the stolen crypto has become a key funding source for the regime and its programs.  North Korean-affiliated hacking groups…

Citi Unveils Tokenization Initiative With SDX at Zurich Forum

Citi is catapulting into the future of finance with a game-changing tokenized platform set to revolutionize private market investing globally. Citi and SDX to Launch Global Platform for Tokenized Private Shares Citi announced on May 6 at the Point Zero Forum in Zurich that it will collaborate with SDX to build a first-of-its-kind platform aimed […] Source CryptoX Portal

Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome Powell for being “too late” in cutting rates. Fed cites higher unemployment, inflation risk Powell said on May 7 that the Federal Reserve rate-setting committee held rates in the 4.25% to 4.50% range due to…

Congressional Roundtable Highlights Urgent Need for Crypto Policy Overhaul

Congress faces mounting pressure to pass landmark crypto legislation as U.S. leadership in digital finance hangs in the balance. Steil Urges Swift Bipartisan Action on Digital Asset Regulation at Congressional Roundtable U.S. Representative Bryan Steil (R-WI) called for immediate bipartisan action on digital asset legislation at a joint roundtable held May 6 by the U.S. […] Source CryptoX Portal

Stripe rolls out stablecoin accounts in over 100 countries

Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.” The product’s technical page shows that the new account feature will support Circle’s USDC (USDC) and Bridge’s USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024. The product will be available to clients in more than 100 countries, including Argentina, Chilé,…

Metaplanet Adds 555 BTC to Its Treasury

The firm is now already more than halfway toward meeting its 10,000 BTC goal by the end of December. Metaplanet Expands Bitcoin Holdings with 555 BTC Purchase Japanese bitcoin treasury firm Metaplanet has purchased 555 bitcoin ( BTC) increasing its total holdings to 5,555 BTC, according to an announcement the company made on Wednesday. The […] Source CryptoX Portal

Etherscan Unveils EIP-7702 Tracking as Ethereum’s Pectra Upgrade Goes Live

Etherscan has launched monitoring tools for EIP-7702 authorizations following Ethereum’s Pectra upgrade, which introduced 11 improvement proposals to bolster scalability, security, and user experience. Ethereum Users Gain Smart Contract Flexibility With EIP-7702 Post-Pectra Ethereum’s Pectra upgrade, combining the Prague and Electra updates, went live on May 7, 2025, activating 11 Ethereum Improvement Proposals (EIPs), including […] Source CryptoX Portal

Coinbase (COIN) May Miss Q1 Earnings Forecasts, Barclays, JPM Analysts Say

Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is scheduled to report first-quarter results on Thursday post-market. The analysts are projecting earnings per share (EPS) falling to $1.93 from $2.26 in the fourth quarter and revenue dropping to $2.1 billion from $2.27 billion, according to FactSet data. In the year-earlier first quarter, it reported EPS of $4.40 and revenue of…