For a lucky few, memecoins can provide a “path to wealth,” but for others, they’re simply a “risky gamble,” Matrixport’s Markus Thielen tells Cointelegraph. Memecoin buyers are playing the crypto-equivalent of Powerball — with many “playing” in the hopes of scoring “life-changing money,” yet only a few will walk away with the jackpot, says Matrixport’s…

Death threats, viral rap videos and a stream of frog-themed insults. That’s the state of my social media profiles after hosting a Twitter Space on May 8 about PEPE, the new token based on the “Pepe” meme. Poignantly hosted during a monumental PEPE price crash, Cointelegraph set out in the May 8 Twitter Space to understand…

A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail. A New York lawmaker has introduced a new bill that would see dollar-pegged stablecoins accepted as a legal form of payment for bail bonds. The partisan bill, introduced on May 10 by New York…

The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults. Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults. According to a May 10 Politico newsletter, Circle CEO Jeremy Allaire said that the firm has adjusted the mix of…

An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community. An email sent out to Coinbase customers describing the Pepe meme as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter…

The ratings agency looked at five areas of interconnectedness between the crypto ecosystem and traditional finance; its lack of firm conclusions may be telling. Rating provider S&P Global has examined whether or not there is a relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details…

At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies. The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Crypto and Digital…

Epic Games CEO Tim Sweeney made fun of a recent Business Insider article suggesting the metaverse had run its course. Epic Games CEO Tim Sweeney is just as optimistic about the metaverse as ever, after poking fun at a recent suggestion that online virtual worlds are “dead.” The now-billionaire video game entrepreneur — creator of…

The Aragon Association has pulled plans to give ANT holders voting rights over its DAO in the wake of the attack. Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization. The…

Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain. Increased fees and a backlog of transactions are besieging the Bitcoin network, and it’s due to a popular new “token” standard, according to a CryptoQuant analyst. Axel Adler Jr, an analyst with the crypto data firm, explained on May 9…