WSB rallies over 200% after suspect offers refund option

WSB Coin, the official memecoin for Wall Street Bets subreddit, has seen its value surge by over 200% in the last 24 hours after the team member behind the rug pull offered... Read more »

UK’s FCA takes action against illegal crypto ATM operators

The U.K. Financial Conduct Authority (FCA) is cracking down on illegal crypto ATMs in the country, stating that they pose a money laundering threat. According to a May 5 statement, the regulator... Read more »

Bitcoin maintains $29k in flat market performance

The cryptocurrency market cap saw net outflows of $10 billion over the last 24 hours and currently stands at $1.19 trillion — down 0.6% from $1.20 trillion. During the reporting period, Bitcoin... Read more »

Yoda coin’s sudden collapse: how investors lost over $129K in Ethereum to a rug pull scam

YODA coin rug pulled and lost 100% of its value on May 5, as crypto sleuth PeckShieldAlert revealed. The project deleted its Twitter account, and the scammer already transferred over 68 Ethereum... Read more »

Pepe climbs to new ATH as market cap approaches $1B

Ethereum-based Pepe memecoin rallied to a new all-time high of $0.000002322 earlier today after increasing by more than 50% in the last 24 hours, according to CryptoSlate data. During this period, the... Read more »

US presidential candidate supports Bitcoin, criticizes CBDCs

U.S. presidential hopeful Robert Kennedy Jr. has supported Bitcoin (BTC) while speaking against central bank digital currencies (CBDCs) in a May 5 Twitter thread. According to Kennedy, currency digitization has already given... Read more »

Crypto scammers steal over $1M from 2 elderly people in Hong Kong

Two senior Hong Kong citizens lost $1.3 million (HK$10 million) in separate scam cases involving cryptocurrencies and mainland Chinese stocks, SCMP reported on May 4. In one case, a 66-year-old businesswoman was... Read more »

President Bukele eliminates all taxes on tech innovations

El Salvador’s President Bukele has signed the Innovation and Technology Manufacturing Incentives Act into law. In a tweet posted on May 4, President Bukele said the Act removes all taxation on technology... Read more »

ChatGPT-created Turbo memecoin crosses $50M marketcap

Popular AI tool ChatGPT was used to create the Turbo memecoin, the market cap of which has now exceeded $30 million within a week of its launch. On April 23, digital artist... Read more »

Bloomberg, others ask court to release FTX customer details

Four traditional media houses — Bloomberg, Dow Jones, The New York Times, and Financial Times — have filed objections against redacting information of non-U.S. customers of the bankrupt exchange FTX’s. Media firms... Read more »