Cointelegraph

⁠Memecoins are like Powerball for crypto fans: Matrixport exec For a lucky few, memecoins can provide a "path to wealth," for others it's simply a "risky gamble" Matrixport's Markus Thielen tells Cointelegraph. 👉🏼 Full…

⁠Big breath as Beacon Chain stops finalizing... and then recovers The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes. 👉🏼 Full Story

⁠Elon Musk announces he will step down as Twitter CEO The soon-to-be former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software, and system operations. 👉🏼 Full Story

⁠How the IRS seized $10B worth of crypto using blockchain analytics A public-private partnership with blockchain analytics firm Chainalysis has played a key role in helping the Internal Revenue Service solve cryptocurren…

⁠‘Memepool’ full: Here’s how exchanges adjust Bitcoin withdrawal fees Amid a spike in Bitcoin transaction costs, cryptocurrency exchanges are taking measures to serve their clients properly. 👉🏼 Full Story

⁠EU draft AI Act updated with public facial recognition ban Regulators in the EU concluded another round of voting which added a new ban on the public use of biometric surveillance into its forthcoming AI Act. 👉🏼 Full…

🇲🇦 ⁠Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco The Casablanca Court of Appeal upheld the conviction of 21-year-old French citizen Thomas Clausi for illegal use of cryptocurrency. 👉🏼 Full Story

⁠Bitcoin fees plummet 95% as BTC price recovers from US gov't scare Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured. 👉🏼 Full Story

⁠Snapchat influencer turns simps into cash using an AI doppelganger With CarynAI, Caryn Marjorie has launched something seemingly straight out of a science fiction movie. 👉🏼 Full Story

⁠Coinbase calls PEPE a 'hate symbol,' prompting calls to boycott the exchange An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community. 👉🏼 Full Story

⁠Pepe’s market cap sinks $1B in 5 days, some whales are still buying Pepe has witnessed a 56% decline over the past 5 days, wiping a billion dollars from its total market cap. 👉🏼 Full Story

⁠OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec AI experts from IBM, NYU, and OpenAI will testify before the U.S. Senate on May 16 in a hearing entitled “Oversight of A.I.: Rules for Art…

⁠IRS claiming $44B from FTX bankruptcy: Report The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research. 👉🏼 Full Story

Crypto payments integration: Breaking barriers and boosting profits How does accepting crypto payments impact businesses? Find out in the latest Cointelegraph interview. (AD) 👉🏼 Full story here

⁠Milady NFT floor price surges after Elon Musk tweet Floor prices for the anime profile picture collection hit a high of 7.8 ETH after Musk's promotion. 👉🏼 Full Story

⁠$176M of Do Kwon's assets are frozen: Report The frozen assets include an apartment complex, an officetel, several imported cars, and various financial assets. 👉🏼 Full Story

📊 BTC $26731 • ETH $1829 • BNB $305

📉 ⁠Here’s why crypto prices are down On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been…

⁠ParaSpace team clashes with CEO over alleged whereabouts of protocol funds Protocol developers demand that CEO and CTO Yubo Ruan step down, while Ruan has accused the development team of an "illegal takeover." 👉🏻 Full…