Day: May 7, 2025

Gloria AI unveils beta and token to power its agent-native news ecosystem

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Key Takeaways Gloria AI launched the $GLORIA token on Virtuals Genesis with over 660% pool oversubscription. The platform uses AI to deliver curated, real-time data through customizable feeds. Share this article Gloria AI, a new AI-native news infrastructure project, launched its $GLORIA token Wednesday on Virtuals Genesis, the new fair-launch platform from Virtuals Protocol. The token launch coincides with the platform’s public beta rollout, opening access to Gloria’s programmable news feeds for developers, trading teams, and AI agents. Gloria’s debut attracted strong demand from the Virtuals community. The early access…

Blockchain ‘Baddies’ on how to bring more women into crypto

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In an industry filled with complexity, jargon and mistrust, women in Web3 say that the way to attract more women into the crypto space starts with clarity, education and community.  At the Blockchain Baddies side event during Token2049 in Dubai, women shared personal experiences of entering the Web3 world and why they believe more female participation is essential for the future of crypto. In interviews with Cointelegraph, community members said the path forward begins with simplifying technical concepts and fostering environments where women can learn and grow. Women in Web3…

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

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USD1, the US dollar stablecoin launched by the President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch. WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb. Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko.…

Crypto miner deserts Pennsylvania site, fails to plug wells: Report

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Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers, according to a report by the Erie Times-News. Per the report, the operation was launched without obtaining an air quality permit from the Pennsylvania Department of Environmental Protection (DEP). Though the company was later granted…

Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

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Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, the CEO of the Gibraltar-based private bank Xapo Bank.  In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the executive said the mood among investors shifted from short-term speculation to a more long-term outlook.  “I’m not sure that confidence would have been there three or four years ago,” Rocca told Cointelegraph. “But today, people are…

HIVE sees Paraguay as a long-term partner for its stability and low-cost energy

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Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Picking up from where Bitfarms left off Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú…

Inter Milan fan token soars after Champions League win over Barcelona FC

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Key takeaways: Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes. PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal. Crypto betting odds favor PSG over Inter Milan, influencing fan token trading volumes and short-term price setups. The Inter Milan Fan Token ($INTER) rallied sharply after Inter Milan’s 4-3 victory over Barcelona FC in the Champions League semifinal on May 6, rising nearly 10.50% on match day and maintaining gains at $1.19 as of May 7. Fan…

Ethereum’s ‘Pectra’ network upgrade goes live: What to expect

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Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean? Pectra went live on Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691. Ethereum Pectra Consensys announcement. Source: Consensys EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether (ETH).…

Bhutan launches tourism crypto payments with Binance Pay and DK Bank

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Bhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank. The system allows Bhutan travelers with Binance accounts to pay for services like tickets, hotel stays, tour guides and other products using at least 100 crypto assets, including Bitcoin (BTC), USDC (USDC) and Binance-backed BNB (BNB). The initiative also opens a new payment gateway for businesses in Bhutan, enabling them to accept crypto payments through a QR code on a phone, according to an announcement by Binance…

Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M

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Despite the $1.4 billion lost in the recent Bybit hack, crypto companies have not changed their approach to cybersecurity, according to Hacken CEO Dyma Budorin.  In an interview with Cointelegraph at the Token2049 event in Dubai, Budorin said the industry continues to rely on limited measures such as bug bounties and penetration tests, rather than implementing comprehensive, layered security strategies: “Most of the projects think, ‘Okay, we did pentests. That’s enough. Maybe bug bounty. That’s enough.’ It’s not enough.” He said that crypto companies must go beyond these isolated security…