Project Pine demonstrates rapid central bank operations using smart contracts. The system met liquidity targets in various stress scenarios using tokenized markets. Continue Reading: Project Pine Showcases Rapid Central Bank Operations Using Tokenized Markets The post Project Pine Showcases Rapid Central Bank Operations Using Tokenized Markets appeared first on COINTURK NEWS .
Binance founder and former CEO Changpeng Zhao (CZ) has issued a new warning to the crypto community about the growing threat of phishing attacks, urging users to take proactive measures to protect their accounts and digital assets. CZ Warns Users to Beware of Phishing Attacks, Urges Strong Cybersecurity Measures In a recent reminder, CZ stressed that users should never, under any circumstances, share their passwords with anyone, including customer service representatives. Legitimate support staff will never ask for login information, he noted. CZ also warned users to avoid clicking on links in unsolicited emails, a tactic often used by phishing scammers to convince users to divulge sensitive information. To increase account security, he recommended that users avoid reusing the same password across multiple websites and instead use password managers to create and store strong, unique passwords for each platform. Additionally, CZ recommended enabling hardware-based two-factor authentication (2FA) devices such as Yubikey to provide an additional layer of security beyond SMS or app-based 2FA. The warning comes amid a steady increase in social engineering and phishing scams targeting crypto users, often involving fake websites, malicious emails, and impersonating support channels. Binance and other major platforms have reported an increase in such activity amid increased market activity. *This is not investment advice. Continue Reading: Binance Former CEO Changpeng Zhao (CZ) Warns Users Against Hackers! What Precautions Does He Recommend? Here Are the Details
On May 16th, COINOTAG reported significant movements in the crypto market, with a dormant whale resurfacing after nine months. This entity transferred 200,355 LINK to Binance, amounting to approximately $3.27
Key takeaways : Warren Buffett’s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank. The decision to divest didn’t appear to be performance-based—Nu Holdings posted record profits in 2024 and Q1 2025. Buffett's exit aligns with Berkshire’s broader financial sector pullback and growing cash reserve strategy. Warren Buffett, the legendary investor long known for his skepticism toward cryptocurrencies, has fully exited his position in one of Latin America’s most crypto-friendly banks, Nubank, before his departure from Berkshire Hathaway . Berkshire earns $250 million from crypto investments A May 15 filing with the US Securities and Exchange Commission (SEC) confirmed that Berkshire has completely liquidated its positions in Nubank’s parent firm, Nu Holdings, ending its stake in the digital bank altogether. Berkshire began divesting its 40.2 million Nubank shares in 2024, selling approximately 20.7 million in the third quarter at an average price of $13.46 per share, according to data resource Stock Circle . Berkshire Hathaway's Nu Holdings Ltd stake vs. NU price. Source: Stock Circle In the fourth quarter, it sold an additional 46.3 million shares at an average price of $13.22. The final tranche of 40.2 million shares was sold in the first quarter of 2025 at an average price of $11.83. These transactions culminated in a total gain of approximately $250 million from the initial investment. NU doing well without Buffett Buffett’s divestment from Nu Holdings further follows the latter’s impressive earnings in recent quarters. In Q1 2025, the firm reported a net income of $557.2 million, marking a 47% increase compared to the same quarter in the previous year. Adjusted net income reached $606.5 million, reflecting a 37% year-over-year growth. In 2024, Nu Holdings achieved an annual net income of $1.972 billion, representing a 91% increase from 2023, indicating that Berkshire’s decision to liquidate NU shares entirely was not about its performance. NU weekly performance chart. Source: TradingView Buffett’s exit aligns rather with Berkshire’s broader retreat from the financial sector. In Q1 2025, it also sold off Citigroup and cut its Bank of America stake, unloading over $2.1 billion in shares. These moves pushed Berkshire’s cash reserves to a record $347.8 billion, with $305.5 billion in short-term US Treasurys. Nubank has been among the most active digital banks embracing crypto services in Brazil, offering trading in Bitcoin ( BTC ), Ether ( ETH ), XRP ( XRP ), and other top cryptocurrencies directly through its app. Related: Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings In 2022, the neobank allocated 1% of its net assets to BTC, furthering Buffett’s indirect exposure to Bitcoin despite his criticism toward the cryptocurrency, which he once called a “ rat poison squared .” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The post Altcoin Season About to Begin? Here’s Why Crypto Experts Think So appeared first on Coinpedia Fintech News Bitcoin has been leading the crypto market for months, but that might be about to change. Traders are now starting to pay attention to altcoins again, with many thinking that a new altcoin season could be starting soon. A popular crypto trader known as Bitcoinsensus pointed out that Bitcoin just broke below an important trendline that held up for five months. This move, he says, could open the door for altcoins to shine once again. Mini Altcoin Season On The Way Bitcoinsensus, known for tracking big-picture market trends, recently highlighted a breakdown in Bitcoin dominance, something that hasn’t happened in the last five months. According to their chart, BTC dominance broke below a long-term support line, a technical signal that often marks the beginning of major market shifts. The trader compared the current situation to what happened in late 2024, when BTC dominance dropped sharply and altcoins rallied hard. Are we in for another mini #Altseason ? The #Bitcoin Dominance chart has broken down of a key support line, which has been acting as support for 5 months now. This signals a money rotation starting to flow from $BTC into #Altcoins , potentially getting the dominance down to the… pic.twitter.com/j23xVCzfEG — Bitcoinsensus (@Bitcoinsensus) May 16, 2025 Back then, it triggered a “mini altseason,” where Ethereum, Solana, and other smaller tokens outperformed Bitcoin. Bitcoin Dominance is Falling Now, with Bitcoin dominance dropped to 61.3% , down from nearly 65% the week before, many believe history might repeat itself. Meanwhile, this decline has caught the attention of industry leaders. Tracy Jin, the COO of MEXC , called it one of the first major signs of an upcoming altcoin run. At the same time, crypto investors seem to be pulling out of stablecoins, moving funds into riskier assets like ETH and other altcoins. Ethereum Takes the Lead Ethereum (ETH), often seen as the leader among altcoins, is already showing serious momentum. Since the beginning of this week, ETH jumped nearly 20% in a single day. Over the past week, it’s surged more than 52%, climbing from $1,772 to $2,644. This kind of rally isn’t just about price, it reflects a change in trader mindset. As people are becoming more confident in taking risks again, altcoins are starting to benefit. While it’s too early to say if a full-blown altseason is here, as the altcoin season index hints different picture, as it is currently standing at 24 , reflecting more of a bitcoin.
Bitcoin ETFs secured another net inflow of $115 million on Thursday, May 15, driven entirely by a massive injection of $409.72 million into Blackrock’s IBIT. Ether ETFs reversed their recent inflow momentum, logging a $39.79 million net outflow. Crypto Flows Split: Bitcoin ETFs Add $115 Million, Ether ETFs Shed $40 Million Blackrock once again propped
XRP’s price trajectory is drawing attention from analysts, with some suggesting the possibility of a move towards the $3 price target. This bullish outlook is contingent on XRP demonstrating a specific positive action in the market. Conditions for Reaching $3 The analysis indicates that XRP’s ability to reach $3 is tied to a particular market … Continue reading "XRP Price Analysis: Potential for $3 Target After Key Market Action" The post XRP Price Analysis: Potential for $3 Target After Key Market Action appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post XRP Price Prediction 2025: Will XRP Hit $9 This Cycle? appeared first on Coinpedia Fintech News XRP has surged over 17% in the past 30 days , outperforming Bitcoin’s performance in the last 7 days with a 2.8% gain. This rally has sparked renewed excitement in the crypto market — and now, some influencers are making bold predictions. XRP Price Could Reach $9 or $24 in 2025, Say Influencers Several analysts are calling for XRP to hit $9 or even $24 in the current cycle. The big question: Is XRP preparing for a historical breakout? Let’s look at what the experts are saying. XRP’s 2025 Journey So Far: Volatile but Bullish The year has been full of sharp moves: January 2025 : XRP jumped 46% , possibly due to U.S. political shifts. February–March : The token dropped 29.3% and 2.52% amid uncertainty over Trump-era policy changes. April : XRP bounced back with a 4.98% rise. May (so far) : XRP has climbed 10.4% . Despite a flat Q1 gain of just 0.45% , the current quarter shows a strong 15.9% jump , bringing XRP to $2.40 . XRP Price Prediction : How High Can It Go in 2025? A well-followed influencer, The Modern Investor , predicts XRP could break $9 by September 2025 — a 267% surge from today’s price. He notes that a $9 XRP would give it a $500 billion market cap , on par with Mastercard and Netflix . Can XRP Reach $10 or $17? Analysts Break It Down Another expert, DK64Trades , is confident XRP will break $10 in this cycle. He compares past market dominance: In 2018, XRP hit $3.84 with 31.33% dominance . In January 2025, it hit $3.34 with just 5% dominance . Currently, XRP dominance is 4.34% , fluctuating between 4.21% and 4.63% this month. If XRP returns to its former dominance, he believes the price could soar to $17.80 , with a market cap of $1.04 trillion . Bitcoin Dominance Could Fuel XRP Rally, Says Analyst According to Capt Toblerone , if Bitcoin dominance (BTC.D) drops from its current 62.86% to 17% , it could unlock huge gains for altcoins like XRP. He predicts that in such a scenario, XRP could hit $22 . BTC dominance recently peaked at 65.37% on May 7 , but has since dropped significantly — a trend that might continue. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Analyst Shares Exact Timeframe to Sell XRP and Other Cryptos , Does XRP Have U.S. Political Backing? Crypto personality Davinci Jeremie claims that XRP might be receiving support from top U.S. political circles , which could become a major price driver in the coming months. Not Everyone Is Bullish: Caution Urged Telegon agrees XRP could hit $9, but only in an extremely bullish scenario. 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A drop in BTC.D to 17% could fuel a significant XRP rally, potentially reaching $22. Is XRP getting political support? Some speculate US political backing could drive XRP’s price, but this remains unconfirmed. What price will XRP reach in 2025? XRP could reach up to $5.81 in 2025, driven by bullish trends, legal clarity, and growing institutional adoption.
According to a report from CoinDesk dated May 16th, Sui Chung, CEO of crypto index provider CF Benchmarks, shared insights on the recent fluctuations in Ethereum’s price. He emphasized that
The post Coinbase CEO Rejects $20M Ransom Demand After Insider Hack Exposes User Data appeared first on Coinpedia Fintech News In a massiver shocker, Coinbase, the largest crypto exchange in the U.S., has revealed a major cyberattack tied to bribed overseas contractors. The breach exposed sensitive customer data and was followed by a $20 million ransom demand in Bitcoin. If the fallout isn’t contained, Coinbase estimates it could face up to $400 million in remediation and reimbursement costs. Here’s the full download. A Breach Hidden in Plain Sight The attack began back in January 2025, but it flew under the radar for months. Coinbase only became fully aware of the breach on May 11, when the hackers contacted the company directly via email. Although the breach affected less than 1% of Coinbase’s monthly active users, the method used has raised serious questions. The hackers exploited vulnerabilities tied to third-party contractors outside the U.S., highlighting issues in Coinbase’s global operations – an uncomfortable spotlight just as the company prepares to join the S&P 500. Armstrong Takes a Stand Instead of negotiating, Coinbase CEO Brian Armstrong took a firm public stance. He announced via X that the ransom demand would not be met and made it clear that Coinbase would pursue legal action. “We will prosecute you and bring you to justice,” Armstrong said in his post, adding that Coinbase is offering a $20 million reward instead for any information that leads to the arrest of those involved. While the move sends a strong message, it’s also drawn criticism. Some are questioning whether Coinbase’s current security infrastructure is equipped to keep up with its rapid expansion in such a volatile space. Internal Cleanup Ongoing Coinbase has since identified and fired the rogue contractors responsible for the breach. The company says it has already improved its security systems to prevent similar incidents in the future. Crucially, no passwords, private keys, or funds were compromised. Coinbase has promised to fully reimburse all affected users. Still, the breach has left a stain that may take time to clean up, especially with public trust on the line. Security Remains a Challenge: Nick Jones Nick Jones, founder of blockchain payments firm Zumo, weighed in on the situation. He noted that security will continue to be one of the biggest challenges for the crypto space, especially as more mainstream institutions enter the market. His take reflects a growing concern across the industry: while adoption is rising, the tools and safeguards often aren’t keeping pace. Final Thoughts: Security and Trust on Trial Trust is everything. Even as Bitcoin continues to rally and more institutions embrace crypto, the risk of insider threats and cyberattacks hasn’t gone away – if anything, it’s growing. Let’s see if Coinbase will step up to the challenge.