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Bitcoin Pizza Day: A $41 Experiment Now Worth Billions
Nation-state adoption of Bitcoin has become the new frontier for crypto advocates, a far cry from the days when the currency’s biggest achievement was buying two pizzas. Sixteen years after that first recorded transaction, the Bitcoin community marked the anniversary on May 22 with fresh evide...
Bitcoinist
Sat, May 23
Thai police arrest 6 Nigerians running AI scams targeting older women
The Thai police force has successfully uncovered an AI-enabled romance scam being run by six men from Nigeria using a luxury riverside condominium in Nonthaburi. This operation took place on Friday, May 22, 2026, highlighting the growing trend of using artificial intelligence to facilitate fraudulent activities. Police forces under the Metropolitan Police Bureau seized three...
Cryptopolitan
Sat, May 23
Bitcoin Bottom May Be 2 Months Away, On-Chain Data Suggests
Over the past week, Bitcoin has traded sideways in the high $70,000 region, unable to reclaim the psychological $82,000 level that has eluded market bulls since mid-May. Notably, the $76,000 price level has now been tested three weeks in a row and held each time, emerging as a real support zone. How...
Bitcoinist
Sat, May 23
What The Bitcoin Transaction Volume Crashing Could Do To The Price
Bitcoin’s transaction volume is falling alongside its price. At first glance, that sounds bearish because weak activity is usually a result of weak demand, lower participation, and a lack of momentum. However, technical analysis shows the historical pattern conveys a more complicated story. Te...
NewsBTC
Sat, May 23
Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder
The Winklevoss twins donated $21 million worth of Bitcoin to a political action committee supporting US President Donald Trump’s re-election campaign, underscoring just how deeply committed the Gemini co-founders are to the cryptocurrency’s future. Related Reading: Bitcoin Treasury Compa...
NewsBTC
Sat, May 23
Courts in China, UK and Morocco hand prison sentences to crypto thieves in single week
Within days of each other, courts in China, the UK and Morocco handed down significant sentences to criminals involved in physical crypto crime. While efforts are ongoing to make the cryptocurrency industry more secure online, law enforcement officials globally are also cracking down on physical crypto crime known as wrench attacks. Does China punish crypto...
Cryptopolitan
Sat, May 23
Bitcoin Trading Enters New Era With SEC-Approved Nasdaq Index Options
Trading in the new Bitcoin index options will not begin right away. The SEC approval does not automatically open the door — the Commodity Futures Trading Commission must still grant its own exemptive relief before any contracts change hands on the exchange, because Bitcoin is classified as a commodi...
Bitcoinist
Sat, May 23
Bitcoin Struggles To Reclaim Key Cost Basis As Realized Losses Climb — Details
Since the past week, the Bitcoin price has traded below the cost basis of one of its most reactive investor groups. Based on recent on-chain information, the world’s largest cryptocurrency might face further trouble if its price fails to reclaim this crucial level. Related Reading: Bitcoin Upper Tre...
NewsBTC
Sat, May 23
US-sanctioned Iranian tycoon linked to $850M sanctions evasion operation on Binance
A US-sanctioned Iranian businessman, known to be adept at evading international sanctions, has reportedly been linked to operations using crypto to help Iran finance its armed forces and circumvent sanctions. Babak Zanjani is believed to be involved in processing finances for the Islamic Revolutionary Guard Corps (IRGC). So far, they have carried out about $850...
Cryptopolitan
Sat, May 23
Uniswap governance moves to extend UNI token burns to BNB Chain, Polygon, and Celo
The Uniswap DAO has pushed out a new proposal to expand its UNIfication program by activating protocol fee collection and UNI token burning to the BNB, Polygon and Celo networks. The proposal to expand on the three networks will be looking at replicating the rally that the initial rollout sparked when it launched on the...
Cryptopolitan
Sat, May 23
Fenwick & West agrees to pay $54M to escape FTX customer lawsuits over collapse
Fenwick & West, a prominent Silicon Valley law firm, has entered into a $54 million preliminary settlement agreement to address customer lawsuits related to the defunct crypto exchange, FTX. Filed in court on Friday in Miami, Florida, the settlement has yet to receive judicial sanction. Settlement will address claims that FTX clients raised against the...
Cryptopolitan
Sat, May 23
Bitcoin Spot Demand Falls At Fastest Rate Since January — What’s Happening?
The price of Bitcoin has been under significant downward pressure over the past week, and the falling spot demand might be one of the factors behind the downturn, according to a CryptoQuant head of research. Bitcoin Apparent Demand Falls To -40K BTC In a May 22nd post on the X platform, CryptoQuant’...
Bitcoinist
Sat, May 23
History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment
Six straight days of outflows from US spot Bitcoin ETFs — totaling $1.26 billion — are drawing attention not for the losses they represent, but for what history suggests might come next. What The Data Shows Blockchain analytics firm Santiment says these outflows should be read as a counter-signal ra...
NewsBTC
Sat, May 23
Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level
Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He alluded to historical performance, which shows that BTC has never bottomed without touching the EMA 300. Bitcoin Price Unlikely To Bottom Before Touching This Level In an X post, Chain Mind indicated that the Bitcoi...
NewsBTC
Sat, May 23
Another Crypto Company Has Filed For IPO, But It’s Not Ripple
Crypto exchange Blockchain.com has confidentially filed for a U.S. IPO, becoming the latest crypto company to seek a public listing. Meanwhile, Ripple remains on the sidelines and has not indicated plans to go public anytime soon. Crypto Exchange Files For IPO As Ripple Remains On The Sidelines Acco...
Bitcoinist
Sat, May 23
French-Moroccan man sentenced to 25 years in prison for France crypto kidnaps
A French-Moroccan man convicted of organizing some of the recent daring kidnappings of crypto figures in France has been sentenced to 25 years in prison. The news comes amid a growing debate in French society over the massive number of data leaks in the country that are compromising personal security. Moroccan court sends crypto kidnapper...
Cryptopolitan
Sat, May 23
Grayscale Files Third Hyperliquid ETF Amendment With SEC — Details
Hyperliquid’s native token HYPE has been the major center of attention in the cryptocurrency market over the last week. Besides its impressive price action — outperforming other large-cap assets by a significant margin in the past week — the cryptocurrency seems to be becoming the new darling of ins...
Bitcoinist
Sat, May 23
This Bitcoin Momentum Signal Preceded Last October’s Crash — Another Downturn Incoming?
After a steep downturn in early February, the Bitcoin price saw a significant turnaround over the following two months. While the month of May initially continued on this positive note, the premier cryptocurrency seems to have cooled off over the past week — aligning with BTC’s track record of not r...
NewsBTC
Sat, May 23
Bitcoin Forms Risky Head-And-Shoulders Pattern, Points To $44K Target
Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in the past week. The leading cryptocurrency has struggled to sustain upside momentum after multiple rejections at the $82,000 price level over the last month. Meanwhile, analysts remain divided between the potential of a resur...
NewsBTC
Sat, May 23
South Korea To Revisit Crypto Tax Plan After Repeal Petition Tops 50,000 Signatures
South Korean lawmakers are expected to review their crypto tax plan after a petition to abolish the long-delayed framework surpassed the required signatories to be discussed in the National Assembly. Related Reading: Jane Street Accused of $192M Telegram Insider Trading Scheme Ahead of Terra Collaps...
Bitcoinist
Sat, May 23
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