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Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak

The Venezuelan government reiterated a nationwide ban on cryptocurrency mining as the country faces an energy crisis, with demand rising to record levels. Authorities attributed this peak in consumption to the economic growth and an ongoing heat wave. Venezuela Reiterates Crypto Mining Ban, Says Illicit Mining Activities Will be Sanctioned Cryptocurrency mining, as an energy-intensive […] from Bitcoin News https://ift.tt/xwyOp49
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Privacy Coins Reclaim Spotlight Amid Global Pushback Against Financial Surveillance

Privacy coins are outperforming most of the crypto market in 2026, with assets like zcash, ycash, monero, zano, and midnight each posting gains tied to rising demand from both institutional and retail players, record onchain usage, and a global pushback against financial surveillance. Privacy Coin Sector Roars Back Zcash (ZEC) touched $600 during intra-week trading […] from Bitcoin News https://ift.tt/7bfVlAX

Tucker Carlson Calls Markets ‘Fake’ After 60 Days of Middle East Conflict

Tucker Carlson told his audience that financial markets are no longer free or open, calling their behavior during the ongoing Iran conflict not just strange but deliberately manufactured. Tucker Carlson: ‘Markets Are Doing Things You Would Not Expect Markets to Do’ The comments came against a backdrop that has left many analysts searching for explanations. […] from Bitcoin News https://ift.tt/eM13Hpt

California Man Gets 6½ Years as FBI Ties $250M Crypto Heists to Home Burglaries

A federal court has sentenced a California man to 78 months in prison for his role in a social engineering conspiracy that authorities say stole more than $250 million in cryptocurrency. The ‘Instrument of Last Resort’ A U.S. federal court has sentenced a California man to 6 1/2 years in prison for his role in […] from Bitcoin News https://ift.tt/EqsWl47

CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report

Senate Banking Committee action on the CLARITY Act is reportedly moving closer, with draft text circulated to select industry members before a potential Thursday vote. Unresolved bracketed sections, stablecoin rewards, and ethics restrictions remain central issues. Senate Banking Draft Moves Toward Thursday Committee Vote The Senate Banking Committee is reportedly moving closer to action on […] from Bitcoin News https://ift.tt/sIGblV2

Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs

Bitcoin reversed its weekly gains, dropping from a multi-month high of $82,833 to an intraday low of $79,500. The Iran Peace Deal Factor On May 7, bitcoin reversed course, dipping below $80,000 to effectively erase gains made since Monday. As shown by the daily chart, the top cryptocurrency—which reached a multi-month high of $82,833 some […] from Bitcoin News https://ift.tt/a8OlCt7

Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage

Coinbase has expanded its derivatives lineup with gold and silver perpetual futures for eligible traders outside the United States, giving eligible users access to precious metals exposure through crypto-based market infrastructure. Crypto Exchange Adds Gold and Silver Perpetual Futures Crypto exchange Coinbase (Nasdaq: COIN) announced on May 6 that it began offering gold and silver […] from Bitcoin News https://ift.tt/ePXmtDs