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Vitalik Buterin proposes partially stateless nodes for Ethereum scaling


Ethereum co-founder Vitalik Buterin unveiled a proposal to preserve trustless, censorship-resistant access to Ethereum, even as the network scales. On May 19, Buterin shared a post outlining how to make Ethereum’s layer-1 scaling “more friendly” to users running local nodes...

Metaplanet scoops 1,004 Bitcoin in 2nd-biggest buy ever


Japanese investment firm Metaplanet has made its second-largest single Bitcoin purchase ever, scooping up more than 1,000 Bitcoin as the cryptocurrency came within 3% of its all-time high.Metaplanet said on May 19 that it purchased 1,004 Bitcoin (BTC) for a total cost of around 15.2 billion...

Coinbase hit with wave of lawsuits over customer data breaches


Coinbase has been hit with a flood of lawsuits after it recently disclosed its user data was breached, with users accusing the crypto exchange of mishandling the incident.At least six lawsuits were filed against Coinbase between May 15 and May 16, which all made various claims that the exchange...

Bitcoin notches record weekly close after highest-ever daily close candle


Bitcoin has notched its highest-ever weekly close as crypto market momentum continues and the cryptocurrency is again nearing its all-time high.Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close...

Russia arrests Blum co-founder Vladimir Smerkis on fraud charges


Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project.The Zamoskvoretsky District Court of Moscow approved a request from investigators to keep...

Nasdaq-listed BTCS to boost ETH holdings with $57.8M raise


Publicly traded company BTCS announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy. The Rockville, Maryland-based company announced the deal on May 14, saying that the move will allow it...

Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days


Ether’s market capitalization surged 42% in five days following the successful launch of Ethereum’s Pectra upgrade on its mainnet. On May 12, the company data tracker 8marketcap showed that Ether (ETH) surpassing Coca-Cola and Alibaba, ranking as the world’s 39th-largest...

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