19 May 2025, 22:47

Coinbase Confirms DOJ Investigation Following Major Security Incident

The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto sector. Coinbase Collaborates With DOJ Amid Major Data Breach Coinbase disclosed that the breach involved criminal actors bribing employees and contractors in India to gain access to sensitive client data. Paul Grewal, Chief Legal Officer of Coinbase, stated: We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Importantly, the exchange’s CLO clarified that while Coinbase itself is not under investigation, the DOJ is focused on the criminals involved in the breach. The incident first came to light when Coinbase received an email from an unidentified threat actor on May 11, claiming to possess information about certain customer accounts alongside internal documents. The company anticipates losses ranging from $180 million to $400 million due to the cyberattack. $20 Million Reward Fund After Rejecting Ransom While the attackers managed to steal some data, including names, addresses, and email addresses, the exchange confirmed that login credentials and passwords were not compromised. In a statement on May 15, Coinbase reassured its users via social media platform X (formerly Twitter) that it would not succumb to the attackers’ demands. The criminals had requested a ransom of $20 million. Related Reading: Pundit Says XRP Price Will Stabilize At $1,000 And Become ‘Very Expensive’ Instead of paying the ransom, Coinbase announced the establishment of a $20 million reward fund aimed at encouraging information leading to the arrest and conviction of those responsible for the attack. At the close of trading on Monday, the company’s stock (COIN) was trading at $263. Featured image from DALL-E, chart from TradingView.com

19 May 2025, 19:00

Tron (TRX) Expands its Ecosystem, But Ruvi AI (RUVI) Is Quickly Gaining Traction with 100+ Million Tokens Sold and 1200 Investors Joining the Presale

Tron (TRX) has become a major player in the blockchain space by creating a decentralized internet and entertainment ecosystem. While Tron continues to support content creators and developers globally, another emerging project is set to change the blockchain landscape. Ruvi AI combines artificial intelligence (AI) and blockchain to solve real world problems and offer exciting investment opportunities. About Ruvi AI Ruvi AI is a forward thinking platform that brings together the power of AI and blockchain. Designed to solve inefficiencies in industries like healthcare, logistics and finance, the platform provides smart tools for better decision making, data management and transparency. What sets Ruvi AI apart from many other blockchain projects is its tangible progress. The team has launched a Beta platform where users can try out the platform’s features and see it in action solving real world problems. By combining the predictive power of AI with the decentralized security of blockchain, Ruvi AI offers a cutting edge solution that industries can trust. Presale Success Shows Ruvi AI’s Potential Ruvi AI is already making waves in the crypto space. During Phase 1 of the presale tokens were offered at $0.01 . This phase sold out in 2 weeks. Now in Phase 2 the token price has risen by 50% to $0.015 . Even with this price increase analysts predict Ruvi AI could reach a $1 token shortly after listing on major exchanges and deliver huge returns for early investors. For those who bought in Phase 1, their tokens have already increased in value by 50%. A great start for those in the Ruvi AI ecosystem. A Reward System That Rewards Commitment Ruvi AI rewards commitment through its VIP rewards system where token bonuses are given to pre-sale participants based on the number of tokens they accumulate. Here’s how it works: VIP Tier 2 To accumulate 50,000 tokens during the presale phase an investment of $750 is required at $0.015 per token . Joining VIP Tier 2 means you will get a 40% bonus and get 20,000 tokens which brings your total tokens to 70,000 tokens .If Ruvi AI lists at $0.07 this set of tokens will be worth $4,900 and give a 553% return . If the token reaches $1 your tokens will be worth $70,000 and give a 9,233% ROI . VIP Tier 3 To accumulate 100,000 tokens an investment of $1,500 is required during the presale phase. As a VIP Tier 3 you will get a 60% bonus and get 60,000 tokens which brings your total tokens to 160,000 tokens . At a listing price of $0.07 these tokens will be worth $11,200 and give a 1,020% ROI . If and when the token reaches $1 this investment will be worth $160,000 and give a 10,567% ROI . VIP Tier 5 For more ambitious participants, to accumulate 500,000 tokens an investment of $7,500 is required at the current presale price. As a VIP Tier 5 you will get a 100% bonus and get 1,000,000 tokens . At a token price of $0.07 this portfolio will be worth $70,000 and give an 833% return . If the token hits $1 you will have a portfolio worth $1,000,000 and a 12,233% ROI . These examples show the value of accumulating tokens early as the rewards for long term investors are exponentially greater. Leaderboard Rewards for Top Investors Ruvi AI also rewards its top contributors through its leaderboard rewards system . The rewards are as follows: Top 10 contributors will get 500,000 tokens which is $35,000 at $0.07 or $500,000 at $1 . Top 50 contributors will get 250,000 tokens which is $17,500 at $0.07 or $250,000 at $1 .* Top 100 contributors get 100,000 tokens which is $7,000 at $0.07 or $100,000 at $1 . This incentivizes more contributions and rewards project engagement. Building a Better Tomorrow with Ruvi AI Ruvi AI is going to change how industries approach AI and blockchain. Its solutions provide a practical way for businesses to tackle inefficiencies, leverage predictive analytics and increase transparency. By creating tools that solve real world problems Ruvi AI is a project with substance and potential. With the Beta platform live and early investors already seeing returns Ruvi AI is more than just an idea. It’s a working ecosystem pushing the boundaries of what blockchain and AI can do together. Why Now Is the Time to Join The presale price of $0.015 per token is a rare opportunity to accumulate tokens at an early and discounted rate. Ruvi AI is at the forefront of innovation not just in its technology but also in the opportunities it creates for investors. Get in now and be part of a project that’s shaping the future of blockchain and AI. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

19 May 2025, 18:30

Cardano (ADA) Price Forecast for the Next 30 Days: Is Mutuum Finance (MUTM) the ADA of the 2025 Bull Run?

Cardano (ADA) is back in the spotlight as bullish sentiment fuels predictions of a strong short-term rally. With ADA currently hovering near the $0.76 mark, analysts are forecasting a potential move toward $1 over the next 30 days, driven by renewed interest in its smart contract capabilities and ongoing network upgrades. As one of the best cryptos to invest in, Cardano’s steady, research-driven growth has earned it a loyal investor base. But with the 2025 bull run gaining steam, a new contender is emerging. Mutuum Finance (MUTM) is now being compared to ADA’s early days, offering low entry prices and high upside potential. Mutuum Finance tokens are available at $0.025 in phase 4 backed by innovative approach to decentralized finance. The project has raised over $8.7 million and attracted over 11000 investors. Over 90% of the phase 4 has been sold out meaning inventors have less time before the phase concludes. Mutuum Finance could be the next breakout star of the cycle. Cardano (ADA) Price Prediction: Breakout Move Incoming? Cardano (ADA) is showing signs of a potential short-term rally as bullish market momentum builds into the summer of 2025. Currently trading around $0.76, analysts are forecasting a move toward $1 to $1.20 over the next 30 days, fueled by continued development on its smart contract platform and growing ecosystem adoption. With increasing on-chain activity and sentiment shifting positive, ADA is regaining its place among the top cryptocurrencies to watch closely. For investors asking what crypto to buy now, ADA remains a solid mid-cap coin, though rising tokens like Mutuum Finance are beginning to capture attention with their breakout potential. Mutuum Finance (MUTM): The Low-Price Giant Waiting in the Wings Mutuum Finance is selling for $0.025 in Phase 4 of its presale and already performing well with its fast pace. Over $8.7 million has been raised from more than 11,000 investors. With a Phase 5 price increase to $0.03 and a projected public listing price of $0.06, Phase 4 investors are looking at a 140% return by the time the token lists on exchanges. That kind of upfront potential is catching serious attention, not just from retail investors, but also from whales quietly buying up behind the scenes. Mutuum Finance is taking a bold step in the DeFi market with a hybrid lending framework that incorporates the best features of Peer-to-Contract and Peer-to-Peer functionality. The architecture allows for passive returns by way of smart contract-managed pools as well as peer-to-peer lending between users for increased discretion and control. It’s an adaptive, dual-lane approach to borrowing and lending that’s not typical of decentralized finance. Gamified Engagement and Smart Tokenomics To make it more attractive, Mutuum Finance has recently introduced a leaderboard gamified in the form of a top 50 token holders leaderboard. Such users are eligible for additional rewards, thereby creating a competitive atmosphere that encourages long-term holding as well as community engagement. The platform has also partnered with CertiK on a full smart contract audit, increasing investor confidence and transparency. Cardano (ADA) is set for a potential surge from $0.76 to around $1 in the next 30 days, fueled by smart contract upgrades and growing adoption. While ADA remains a strong pick, Mutuum Finance (MUTM) is quickly gaining attention as the next big breakout. Priced at just $0.025 in Phase 4, MUTM has raised over $8.7 million from 11,000+ investors and is nearly sold out. Early buyers could see 140% gains as the price rises to $0.06 at launch. With its unique dual-lending DeFi model and gamified rewards, MUTM offers fresh innovation and real growth potential. Don’t miss your chance to invest before this phase closes. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance

19 May 2025, 14:41

The Giant Company That Switched From Bitcoin Mining to Artificial Intelligence Sector Is Experiencing Its Own Bull! Here Are the Details

A new report by fintech and crypto research firm Rittenhouse Research cited Galaxy Digital’s transition from Bitcoin mining to artificial intelligence (AI) infrastructure as the top reason for its “strong buy” rating on the company’s stock. Galaxy Digital’s AI Pivot, Not Bitcoin Mining, Is Its Biggest Bull Case, Rittenhouse Research Says While Galaxy Digital was once a major player in Bitcoin (BTC) mining, its 2022 acquisition of the Helios data center from troubled miner Argo Blockchain may have unexpectedly positioned the company as a major infrastructure provider in the burgeoning AI economy. At the time of the acquisition, the move was seen as a lifeline for a struggling crypto miner. But the rapid rise of productive AI platforms like ChatGPT has turned the demand for high-performance data centers into a gold rush, and Galaxy appears to be sitting on one of the most valuable assets in the space. “Galaxy stumbled upon Helios by chance,” Rittenhouse wrote in a recent investment note. The firm believes the data center, now dedicated to serving AI customers, could generate $1.7 billion in EBITDA and $32 billion in equity value in the near term. While the crypto industry remains volatile due to BTC mining being subject to periodic outages and constant equipment upgrades, AI data centers typically offer stable, high-margin returns through triple-net leases with large-scale cloud computing customers. Rittenhouse argues that this contrast in business models makes it a strategic advantage for Galaxy to exit mining entirely. “Galaxy has completely exited all Bitcoin mining activities to focus solely on its AI data center targets, sending a positive signal to potential hyperscaler tenants,” the analysts wrote. Rittenhouse's report compares Galaxy's approach to that of other crypto miners like Riot Platforms and Cipher Mining, which have attempted to reframe themselves as diversified data infrastructure providers. But the report argues that, in reality, these companies had no concrete AI goals until the AI boom began. *This is not investment advice. Continue Reading: The Giant Company That Switched From Bitcoin Mining to Artificial Intelligence Sector Is Experiencing Its Own Bull! Here Are the Details

19 May 2025, 13:48

Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. Miner profitability improved in May, as the price of bitcoin BTC rose, and gross margins expanded, the bank said. The hashprice, a measure of daily mining profitability, rose 13% from April, which the bank said was "encouraging." "We estimate miners earned ~$50,100 in daily block reward revenue per EH/s over the first two weeks of the month, up 13% from last month and 3% y/y," analysts Reginald Smith and Charles Pearce wrote. U.S.-listed miners maintained their share of the network hashrate, and currently account for about 30.5% of the network, a 1.1% increase from April, the bank said. The total market cap of the 13 U.S.-listed bitcoin mining stocks that the bank tracks rose 24%, or $4.6 billion, this month. Bitdeer (BTDR) outperformed with a 43% gain, while Greenidge (GREE) underperformed the sector with a 5% decline, the report said. Read more: Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan