Day: May 19, 2025

‘Sats’ vs ‘bits’ debate reignites amid proposal to change Bitcoin base unit

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A recent proposal that aims to change Bitcoin’s base unit to make it easier to understand as a payment tool has run into opposition, with critics saying Bitcoin’s satoshis are no more confusing than the dollar’s cents. Bitcoin developer John Carvalho introduced Bitcoin Improvement Proposal-177 on April 23, which seeks to eliminate the concept of satoshis, of which there are 100,000,000 in 1 Bitcoin (BTC), and effectively split Bitcoin’s fixed supply of 21 million into 21 quadrillion units. It follows a 2017 proposal from Bitcoin developer Jimmy Song to create…

Coinbase faces lawsuit over alleged breaches of Illinois biometric privacy law

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A group of Coinbase users from Illinois have filed a class-action lawsuit against the crypto exchange, alleging that its identity checks violate the state’s Biometric Information Privacy Act (BIPA). Plaintiffs Scott Bernstein, Gina Greeder and James Lonergan claimed in the May 13 lawsuit filed in a federal court that Coinbase’s “wholesale collection” of faceprints for its Know Your Customer requirements violates BIPA, as they weren’t notified. The group claimed Coinbase failed to notify users in writing of the collection, storage, or sharing of their biometric data and the purpose and…

XRP Price Struggles to Hold Ground — Breakdown or Breather?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin notches record weekly close after highest-ever daily close candle

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Bitcoin has notched its highest-ever weekly close as crypto market momentum continues and the cryptocurrency is again nearing its all-time high. Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close ever at just below $106,500, according to TradingView. Its last highest weekly close was in December when it reached $104,400. It later went on to reach an all-time high of $109,358 on Jan. 20, according to TradingView. …

Bitcoin sets new record weekly close after breaking above $106K

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Key Takeaways Bitcoin reached a new weekly high, closing above $106,000 and nearing its all-time high. Institutional and ETF inflows are driving Bitcoin’s price, with corporations increasing their BTC holdings. Share this article Bitcoin just ended the week with its strongest close in history, settling above $106,000 after a weekend rally, as shown on Binance’s BTC/USDT chart. The digital asset pushed as high as $107,000 on Sunday, narrowing the gap to its January all-time high of $109,500 to just 2%. After testing higher levels, Bitcoin eased to around $104,500 at…

Ethereum Price Fails to Break Through — What’s Holding It Back?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price corrected gains and tested the $2,320 zone. ETH is now struggling and might decline toward the $2,220 support zone. Ethereum started a correction from the $2,580 zone…

Australian feds seize mansion, Bitcoin allegedly linked to crypto exchange hack

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An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin (BTC), alongside the mansion and car, which are together worth a total of 4.5 million Australian dollars ($2.88 million). The AFP said its investigation began in September 2018 after law enforcement in Luxembourg shared information about suspicious Bitcoin…

Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

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Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project. The Zamoskvoretsky District Court of Moscow approved a request from investigators to keep Smerkis in custody while he is being investigated, Russian state-owned news outlet TASS reported on May 18. Smerkis — who previously ran operations for Binance in Russia — is suspected of committing fraud on a “large scale,” pursuant to Article 159 of the Criminal Code of…