Day: May 17, 2025

Elon Musk revives ‘Kekius Maximus’ persona, triggers new meme coin gold rush

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Key Takeaways Elon Musk’s change of X profile name to Kekius Maximus led to a 1,700% surge in KEKIUS token. Similar meme coin price surges occurred previously when Musk adopted the Kekius Maximus persona. Share this article Several meme coins referencing “Kekius Maximus” saw dramatic price increases on Friday after Elon Musk updated his X profile name to the same moniker. A token trading under the name Kekius Maximus ($KEKIUS) jumped more than 1,700% in less than six hours, according to data from CoinGecko. Other similarly named tokens also posted…

Paraguay deports three undocumented immigrants after crypto mining theft attempt

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Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam. According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado, leading to their arrest. Prosecutors believe the men may have had ties to Teratech as independent contractors, but are still waiting on official confirmation from the company’s CEO. The three deported were Chinese nationals…

Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs

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Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum. Bitcoin (BTC) price has spent the bulk of the week pinned below $104,000 to $105,000, which many analysts have labelled as a resistance zone, but an alternative view suggests that BTC is simply consolidating within a bull flag. A bull flag is a continuation pattern that…

French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

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Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported. According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed. France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks. “These repeated kidnappings of professionals in the crypto sector will be fought…