The Business & Technology Network
Helping Business Interpret and Use Technology
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Feed Items

Abu Dhabi sovereign wealth fund Mubadala raised its exposure to Bitcoin (BTC) during the first quarter, purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust (IBIT), according to its latest Form 13-F filing. Mubadala held 8,726,972 shares of IBIT as of March 31, up 6% from the previous quarter and worth approximately $408.5 million at the end of March and over $512 million at current...
Institutional adoption of stablecoins has reached an all-time high, supported by technical readiness, declining regulatory friction, and intensifying demand for faster, cross-border settlement infrastructure.  According to a recent report from Fireblocks, 86% of surveyed firms say they now have the partnerships and systems in place to support stablecoin integration, signaling a decisive shift...
FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust.  Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. The distribution marks the second official payment...
The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange revealing details about a recent scam issue being...
US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts but rejects the request as procedurally improper. The motion, filed on...
Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase Telegram’s long-standing...
Swiss lender UBS, which manages over $1 trillion in assets, said wealthy clients have begun allocating up to 5% of their portfolios to crypto as a way to hedge against inflation and currency volatility. According to the Swiss bank’s 2025 Global Investment Returns Yearbook, affluent investors are diversifying beyond traditional assets by investing in Bitcoin (BTC) and alternative cryptocurrencies...
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning of a supposed...
The ETH/BTC ratio mounted a comeback in May, reversing months of Ethereum‘s relentless underperformance against Bitcoin. After reaching an 11-month low of 0.01805 on April 21, ETH/BTC surged to 0.02501 by May 15, marking a 38.6% recovery in less than a month and a 17% rise in the past seven days. The sharp ascent marks Ethereum’s first showing of relative strength since early February and reopens...
The Central Bank of Russia has ranked Bitcoin as the most profitable investment over the past year, outperforming traditional assets such as gold, stocks, and bonds. In a newly published analysis, the regulator noted that Bitcoin delivered a 38% return in the last 12 months, ranking highest among the asset classes it evaluated. Looking further back to 2022, Bitcoin’s cumulative return stood at...