Block Inc. shares rose after the payments company reported stronger adjusted earnings for Q1 2026, even as its Bitcoin business weakened and the firm posted a net loss. 

The reaction showed investors focused more on adjusted results than the reported loss in the quarter as well.

Google Finance showed Block stock at $75.70 in after-hours trading, up 7.93%, after closing at $70.14. The move came after the company reported adjusted diluted earnings per share of $0.85, above the $0.68 estimate shown by Google Finance.

Block reported total net revenue of $6.06 billion for the quarter ended March 31, up from $5.77 billion a year earlier. Gross profit reached $2.91 billion, up 27% year over year, according to the company’s shareholder letter.

Still, the headline profit picture stayed mixed. Block reported a net loss attributable to common stockholders of $308.7 million, compared with net income of $189.9 million in the same quarter last year. Operating expenses rose to $3.08 billion from $1.96 billion.

Bitcoin revenue falls as fees change

Bitcoin remained a major part of Block’s revenue base, but it weakened in the first quarter. Bitcoin ecosystem revenue fell to $1.80 billion from $2.33 billion a year earlier. Bitcoin ecosystem gross profit dropped to $68 million from $92 million.

Block said the decline came from “bitcoin trading dynamics” and a decision to reduce fees on some Bitcoin transactions in Cash App. The company also recorded a $172.8 million Bitcoin remeasurement loss, compared with a $93.4 million loss a year earlier.

Moreover, Cash App provided the main growth engine for Block during the quarter. Its gross profit reached $1.91 billion, up 38% from a year earlier. Square gross profit rose 9% to $982 million, while Block lifted its full-year gross profit outlook to $12.33 billion.

Reuters reported that Cash App’s consumer lending originations rose 82% to $17.6 billion. It also cited Seaport Research analyst Jeff Cantwell as saying, “Cash App was the standout this quarter,” while noting that the recent workforce reduction did not appear to hurt execution.

Block expands Bitcoin push

Related crypto.news coverage noted that Block recently opened proof-of-reserves verification for 8,883 BTC across its corporate treasury, Cash App, and Square. The move allows users to check holdings through on-chain signatures.

Block also launched a touchscreen Bitkey wallet, automatic Bitcoin conversion for eligible Cash App payments, and 5% Bitcoin rewards at Square merchants. The company said users “should be able to verify” their Bitcoin, while Dorsey’s payments strategy remains tied to broader Bitcoin use.

The longer the funding rates stay red, the louder the short squeeze gets.

Bitcoin BTC$79,599.63 traded at $79,614 in Asian hours Friday, down 1.6% over 24 hours but still up 3.3% on the week, after pulling back from a Wednesday high of $81,500 that was the highest print since late January.

Ether dropped 2% to $2,278, dogecoin slid 3.8% to $0.1063, XRP fell 1.7% to $1.38, and BNB shed 0.7% to $638. Solana and TRON held in green territory at $88.14 and $0.3474 respectively. Dogecoin is the only major coin in the red on the seven-day tape.

The pullback came as U.S. forces fired on Iranian targets after attacks on American naval destroyers transiting the Strait of Hormuz on Thursday, per reports.

President Donald Trump described the strike as a “love tap” in an ABC News interview, said the ceasefire with Iran remains “in effect,” and threatened to hit harder if Tehran does not sign a deal soon. Brent crude climbed 1.2% to around $101 a barrel on the escalation, though oil is still down more than 6% on the week as the broader US-Iran de-escalation narrative continues to hold.

Equities took a similar pause. The MSCI All Country World Index slipped 0.3% and Asian shares fell 1.2% from a record close, though the region is still on track for a fifth straight week of gains. Wall Street futures were 0.2% higher in early trading, suggesting the pullback is profit-taking rather than a structural reversal.

Bitcoin futures funding rates have now stayed negative for 67 consecutive days, the longest stretch in 10 years per K33 Research. Funding rates are periodic payments between traders holding long and short futures positions, with negative funding meaning shorts are paying longs to keep their positions open.

A market where shorts have been paying for two-and-a-half months while price has grinded higher is the cleanest setup for a short squeeze, where a sudden price move forces those shorts to close positions and accelerates the rally.

FxPro chief market analyst Alex Kuptsikevich said in a note bitcoin’s pause this week is not a sign of buyer exhaustion.

“Bitcoin rose to $82,800 on Wednesday, approaching but not breaking through the 200-day moving average at $83,200. From its local highs, the leading cryptocurrency retreated to $81,300 at the time of writing,” he said.

Kuptsikevich added that the daily RSI hit overbought territory above 70, and that the previous three times this happened (August, October, January) were followed by sharp selloffs. “It is logical that market participants are taking a breather to assess the situation and gather strength.”

The options market is more cautious. QCP Capital said in a Telegram broadcast that monthly implied volatility remains around 41% and demand for put options persists, suggesting traders are buying bitcoin but continuing to hedge their downside.

Elsewhere, Research firm XWIN Japan flagged $93,000 as a medium-term target driven by closing the CME futures gap, though the firm cautioned the move may not be linear and could see a leg lower first.

For now, the trade sets up around two competing pressures. The negative funding extreme keeps the short squeeze on the table if bitcoin breaks $83,200. The Iran headlines and overbought RSI keep the door open for another retest of the lower range.

TLDR

• BlackRock said advisors should consider Bitcoin, gold, and liquid alternatives as portfolio diversifiers.
• The firm reported that stock and bond correlations have remained elevated since 2020.
• BlackRock found that Bitcoin had a 0.53 correlation with the S&P 500 from 2022 to early 2026.
• The report showed that gold recorded a 0.19 correlation with equities during the same period.
• BlackRock said Bitcoin and gold had a 0.10 correlation, which may support combined allocations.

---

BlackRock has urged financial advisors to reassess diversification strategies as stock and bond correlations remain elevated. The firm said traditional 60/40 portfolios have lost reliability since 2020 due to rising volatility and tighter asset relationships. In a May 6 report, BlackRock outlined how Bitcoin, gold, and liquid alternatives may help diversify multi-asset portfolios.

Bitcoin Emerges as Equity-funded Diversifier

BlackRock published its report titled “How to diversify with bitcoin, gold and alternative investments” on May 6. The firm stated that geopolitical and economic shocks have reduced the effectiveness of traditional diversification tools. It said bonds no longer provide the same hedge against equity drawdowns as in the 2010s.

The report showed that Bitcoin posted a 0.53 correlation with the S&P 500 from 2022 through the first quarter of 2026. By comparison, gold recorded a 0.19 correlation with equities during the same period. BlackRock said the iShares Bitcoin Trust ETF has displayed lower equity correlation than many traditional assets.

BlackRock described Bitcoin as a “unique diversifier” due to its distinct return drivers. The firm linked Bitcoin’s long-term adoption to concerns about monetary stability and US fiscal sustainability. It also connected adoption trends to geopolitical and political stability factors.

The asset manager reiterated that a 1% to 2% Bitcoin allocation may suit multi-asset investors. It said allocations above that range could sharply raise overall portfolio risk. BlackRock stated that advisors should fund Bitcoin exposure from equities due to its volatility profile.

Gold and Liquid Alternatives Strengthen Portfolio Mix

BlackRock highlighted gold as a complementary asset within diversified portfolios. The firm reported that Bitcoin and gold showed a 0.10 correlation from 2022 through early 2026. It said combining both assets could enhance diversification benefits.

The report explained that gold maintained a lower equity correlation than Bitcoin during the measured period. However, BlackRock said the two assets together may provide broader risk dispersion. It emphasized that the low correlation between them supports combined allocations.

BlackRock also promoted liquid alternative strategies within its Target Allocation with Alternatives models. The firm said these strategies aim to reduce portfolio risk without sacrificing upside potential. It stated that most alternative allocations draw funding from fixed-income positions.

However, BlackRock treated Bitcoin differently within its allocation framework. The firm said Bitcoin requires equity funding due to higher volatility compared to gold and alternatives. It added that even small allocations can influence overall portfolio characteristics.

Bitcoin traded near $79,900 at press time after falling 2% on the day. The cryptocurrency had briefly climbed above $82,000 earlier on Wednesday before losing momentum. Traditional markets also eased after posting gains over the previous month.

Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said.

Concerns that quantum computers could eventually break blockchain cryptography have fueled worries about private keys and wallet security, but most of the conversation has focused on preventing such attacks.

“We won’t be able to tell if someone running a transaction is the rightful owner of the asset or not,” Near One’s chief technology officer, Anton Astafiev, said on Wednesday, adding that blockchain protocols would be forced to make tough decisions on whether to freeze compromised crypto wallets.

“Protocols will face the challenge of deciding to either block all assets at this moment, or enter a wild west,” Astafiev said.

Astafiev suggested that zero-knowledge proof technology could enable the rightful owner to demonstrate knowledge of the original seed phrase without revealing sensitive information.

“This is one example of how research across blockchain ecosystems is essential and valuable as everyone prepares for quantum unknowns.”

Source: NEAR

The push comes after researchers at Google and the California Institute of Technology said in March that functional quantum computers could arrive sooner than expected and would need far less computing power to break cryptography than previously thought.

Google claimed that quantum computers could potentially break Bitcoin’s cryptography within 10 minutes, allowing hackers to perform an “on-spend” attack.

Astafiev said Near One is researching how to solve the problem of not knowing whether a transaction is made by the owner or not.

He also noted that NEAR developers are building a post-quantum-safe signing system for the layer-1 blockchain, which secures more than $137.6 million in user funds.

One of the first quantum solutions being implemented on NEAR is “FIPS-204,” which has been approved by the US National Institute of Standards and Technology and is set to launch on testnet by the end of the second quarter. 

Other crypto ecosystems are taking swift action, too.

Related: Quantum computer breaks 15-bit elliptic curve cryptographic key 

The Ethereum Foundation created the Post-Quantum Ethereum team to build quantum solutions into Ethereum at the protocol level by 2029.

Two of Solana’s validator clients, Anza and Firedancer, have also implemented a test version of Falcon, a new post-quantum signature solution, to help prepare the Solana network for future quantum threats. 

The Bitcoin community has also begun looking at ways to tackle the problem.

Blockstream CEO Adam Back said in April that current quantum computers are “basically lab experiments,” backing up earlier claims that quantum computers are decades away. 

Still, he recommended that Bitcoin developers start looking at building quantum solutions.

Magazine: Nobody knows if quantum secure cryptography will even work

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

BNY has partnered with Abu Dhabi-based Finstreet and ADI Foundation to develop institutional digital asset custody services for clients in the United Arab Emirates.

The initial focus is on Bitcoin and Ether custody for Finstreet’s existing clients, with plans to later extend to ADI Foundation’s blockchain infrastructure, the world’s largest custodian said in a Thursday announcement. The companies said they intend to expand the product scope to include stablecoins, tokenized real-world assets and other regulated digital instruments, though no timeline was given.

“BNY is uniquely positioned to connect traditional and digital financial ecosystems,” Hani Kablawi, executive vice chair at BNY, said. BNY claimed it is the first US global systemically important bank to offer digital asset custody.

The three firms will offer digital asset custody services from the Abu Dhabi Global Market (ADGM), an international financial center and free zone on Al Maryah Island. The initiative remains subject to definitive agreements and regulatory approvals, according to BNY.

Related: UAE free zone launches blockchain-based business IDs for registered firms

UAE stablecoin infrastructure expands

Finstreet is a subsidiary of Sirius International Holding, which is backed by UAE conglomerate IHC. IHC recently joined other institutions in launching DDSC, a dirham-backed stablecoin regulated by the UAE central bank. The stablecoin operates on ADI Chain, an institutional layer-2 blockchain developed by ADI Foundation.

PUSD, a Shariah-compliant stablecoin backed by reserves denominated in Saudi riyals and UAE dirhams, is also expected to launch on ADI Chain.

In 2025, ADI Chain signed memoranda of understanding with BlackRock, Mastercard and Franklin Templeton tied to tokenized asset settlement and digital financial infrastructure.

The UAE has continued developing its digital asset regulatory framework and tokenization infrastructure in recent years, licensing firms including Animoca Brands, BitGo and Binance while introducing rules covering tokenized stocks, ETFs and crypto derivatives.

Cointelegraph reached out to BNY for a comment, but had not received a response by publication.

Related: UAE investors buy AI dip, keep crypto exposure despite conflict

UAE stablecoins launch regulated conversion rail

The BNY collaboration comes as Abu Dhabi firms push deeper into regulated digital asset infrastructure.

In a Thursday announcement, AE Coin and USD Universal said they are building a regulated conversion rail that allows near-instant exchange between the UAE dirham-pegged AE Coin and the US dollar-backed USDU stablecoin, targeting institutional payments and treasury management.

The system runs on Al Maryah Community Bank’s infrastructure and will initially be accessible through Aquanow and Changer.ae, two regulated digital asset service providers in the UAE.

Magazine: Guide to the top and emerging global crypto hubs: Mid-2026

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are being held across three Ethereum addresses.

In a Thursday X post, the market maker said the stolen funds were split across three wallets, with two addresses each holding about $3 million and a third holding about $700,000. TrustedVolumes said it was open to “constructive communication” over a bug bounty and a “mutually acceptable resolution.”

The confirmation came after Web3 security company Blockaid said its exploit detection system had identified an ongoing Ethereum exploit targeting TrustedVolumes. Blockaid said the attack involved a TrustedVolumes-controlled custom swap infrastructure. Blockaid initially estimated that about $5.87 million had been extracted, including Wrapped Ether, USDT, Wrapped Bitcoin and USDC.

Blockchain security company CertiK said the attacker registered as an allowed order signer through a public function, then used that authorization to execute orders that transferred funds from the targets.

The incident highlights the risks around third-party infrastructure used in decentralized exchange execution, where resolvers and market makers can operate their own contracts even when the core protocol and ordinary users are not directly affected. TrustedVolumes operates independently as a liquidity provider for multiple protocols, including 1inch, which said its own systems, infrastructure and user funds were not affected.

Cointelegraph reached out to TrustedVolumes for additional comment but had not received a response by publication. 

Source: TrustedVolumes

1inch says none of its protocols were breached

In an X post, 1inch said reports linking it directly to the TrustedVolumes exploit were “misleading,” adding that “neither 1inch nor any of the 1inch protocols are involved.” The platform said there was “no impact on 1inch systems, infrastructure or user funds.”

1inch co-founder Sergej Kunz also said TrustedVolumes operates independently and is not exclusive to 1inch. “While it is true that 1inch uses TrustedVolumes as a resolver, we are one of many,” Kunz said.

Kunz said the framing of the exploit as a 1inch-related incident was “confusing and harmful,” adding that 1inch is monitoring the situation with security partners and will assist where appropriate.

Related: Andre Cronje says DeFi is ‘no longer DeFi’ as builders debate circuit breakers

Security researcher Vladimir Sobolev, known as Officer’s Notes on X, also told Cointelegraph there was “no risk for 1inch users,” adding that the exploit was related only to TrustedVolumes. 

Sobolev said the exploit points to broader weaknesses in crypto security practices, where vulnerabilities can quickly produce immediate losses. 

“We lack security in general. Blockchains just tend to have an immediate payoff,” Sobolev told Cointelegraph. “We need to pay more attention to kill switches, monitoring, circuit breakers, etc.”

Both Blockaid and Sobolev noted that the attack was carried out by the same operator responsible for the March 2025 1inch Fusion V1 resolver exploit. However, Blockaid said the latest attack involved a different vulnerability.

In March 2025, 1inch said a vulnerability affected resolvers using an outdated Fusion v1 implementation in their own contracts, while end-user funds remained safe. SlowMist later traced about $5 million in stolen assets, including USDC and Wrapped Ether.

1inch and the affected resolver negotiated with the attacker, who returned most of the stolen funds under a bug bounty agreement, according to 1inch and Decurity’s postmortem.

Magazine: North Korea denies crypto hacks, Upbit’s bank tests Ripple: Asia Express

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

TLDR

• Shopify Inc stock rose 3.55% on May 7 and outperformed the Software and IT Services sector, which gained 2.16%.
• The company exceeded analyst expectations for revenue and earnings per share in the first quarter of 2026.
• Gross Merchandise Volume remained above $100 billion for the second consecutive quarter.
• The stock initially declined after Shopify issued softer second-quarter revenue guidance.
• Market sentiment improved as investors reassessed the company’s overall financial strength and long-term strategy.

---

Shopify Inc (SHOP) stock rose 3.55% on May 7, outpacing the Software & IT Services sector, which gained 2.16%. The rally followed renewed focus on the company’s first-quarter 2026 earnings and strategic updates. Trading activity also highlighted strong turnover in Microsoft Corp, Palantir Technologies Inc, and Meta Platforms Inc.

Shopify Inc., SHOP

Shopify Inc Stock Rebounds After Earnings Reassessment

Shopify released its Q1 2026 results on May 5 and exceeded analyst estimates for revenue and earnings per share. The company reported Gross Merchandise Volume above $100 billion for the second consecutive quarter. It also maintained healthy free cash flow margins and reported growth in Merchant Solutions revenue.

However, the stock declined on May 5 and May 6 after management issued softer second-quarter revenue guidance. Executives projected slower growth compared with the first quarter, which prompted short-term selling pressure. Despite that reaction, the May 7 rebound indicated that traders reassessed the guidance in context with overall performance.

Shopify highlighted higher AI-driven order volumes during the quarter, reflecting expanded product capabilities. The company also continued to grow its fintech offerings and international operations. Management emphasized disciplined cost control and sustained margin performance during its earnings call.

Sector Performance and Market Activity Support Gains

The broader Software & IT Services sector advanced 2.16% during the same session. Microsoft Corp climbed 2.76%, while Palantir Technologies Inc gained 4.58%. Meta Platforms Inc added 1.66%, placing them among the top three stocks by turnover in the sector.

Analysts responded to the earnings report by adjusting certain price targets while maintaining favorable ratings. Several firms reiterated “Buy” or “Outperform” recommendations following the results. Consensus estimates still point to implied upside from current trading levels.

Institutional activity also drew attention during the week. Cathie Wood’s ARK ETFs purchased Shopify shares on May 5 and May 6. The company also has an authorized share buyback program, which signals management’s confidence in its capital position.

Shopify confirmed that Merchant Solutions revenue expanded year over year in Q1 2026. The company also reiterated its focus on scaling AI tools across merchant services. It reported that GMV exceeded $100 billion again, closing the quarter with steady operational metrics.

Jack Dorsey’s payments firm Block rose 7.9% in after-hours trading as its Q1 earnings surpassed analyst estimates, despite posting its first loss in three years.

Block’s Q1 earnings came in at 85 cents per share, beating the Zacks consensus estimate of 68 cents per share. Investors responded positively, driving Block shares to $75.70 after hours, Google Finance data shows.

“This quarterly report represents an earnings surprise of +25.68%,” said Zacks Equity Research on Thursday. “Over the last four quarters, the company has surpassed consensus EPS estimates two times.”

Expanding Bitcoin’s use into the payments space has been a key area of focus for Dorsey, who previously argued that widespread payment adoption is needed to fulfill Satoshi Nakamoto’s original vision of Bitcoin as a peer-to-peer electronic cash system. In late April, Block noted that over 800,000 US-based merchants have enabled Bitcoin transactions for everyday purchases.

Block reports first quarterly loss in three years 

The earnings beat came despite Block reporting its first quarterly loss since 2023, driven by a 23.8% drop in the price of Bitcoin over the three-month period.

Q1 net loss was $309 million, which included a $172.8 million bitcoin remeasurement loss on the 8,883 Bitcoin it held as of March 31. 

Bitcoin revenue from Cash App and other Block products fell to $1.8 billion from $2.33 billion a year ago.

Block attributed the fall to “Bitcoin trading dynamics” and a “strategic decision to reduce the fee” charged on certain Bitcoin transactions on Cash App.

Block’s gross profit rises 27% in Q1

Block’s Q1 gross profit — net sales minus cost of goods sold — reached $2.9 billion, up 27% from a year earlier. 

Bitcoin payments in Cash App contributed $63 million to Block’s gross profit, while Square had no meaningful impact on Block’s Bitcoin business.

Avory & Co. founder and chief investment officer Sean Emory said “Block had a strong quarter,” having “beat and raised” its guidance.

Source: Jevgenijs Kazanins 

The quarter also included a restructuring overhaul in late February, when Dorsey announced about 4,000 staff cuts, representing roughly 40% of the company’s workforce, as part of a plan to rely more on AI in search of greater operational efficiency. Block’s operational expenses rose 57.2% year-on-year to $3.08 billion in Q1.

Cash App’s quarter-over-quarter change in gross profit. Source: Block

Block expands Bitcoin offerings

In late April, Block launched a proof-of-reserves for its corporate Bitcoin treasury and for users to confirm Bitcoin balances on Cash App and Square as part of a push to increase transparency with its customer base. 

Related: Bitcoin exchange reserves fall to two-year low after $8B exodus 

In the same announcement, Block unveiled a Bitkey hardware wallet with a touchscreen to verify transactions and a new feature on Cash App allowing certain users to automatically convert payments into Bitcoin. 

It also started offering 5% Bitcoin cash back rewards for Square merchants and raised customer withdrawal limits fivefold to $10,000 per day and $25,000 per week, extending Dorsey’s push to broaden Bitcoin’s role in everyday payments. 

Magazine: Guide to the top and emerging global crypto hubs — Mid-2026 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Coinbase shares slid Thursday after the US crypto exchange reported a steep first-quarter loss while revenue missed Wall Street expectations.

Coinbase reported a net loss of $394.1 million in Q1, its second consecutive quarterly loss after reporting a $667 million loss in Q4 2025. It swung from a $65.6 million profit a year earlier. 

“Macro conditions were genuinely tough,” Coinbase chief financial officer Alesia Haas told investors on an earnings call. “Total crypto market cap and total crypto trading volume were both down more than 20% quarter-over-quarter.”

Coinbase’s earnings come as other crypto companies have also struggled to turn a profit in the first months of 2026 as a crypto market slump pushed some traders to other investments.

Meanwhile, Coinbase’s Q1 revenue was $1.41 billion, missing analyst estimates of $1.5 billion. Transaction revenue slumped 40%, while subscription and services revenue — representing its business outside trading — fell 13.5% from a year earlier. 

Its earnings per share were a $1.49 loss, compared to analysts’ expectations of 36 cents per share, which saw Coinbase dropping by 4.7% after hours on Thursday to under $184.

Coinbase shares fell in regular and after-hours trading on Thursday amid the company’s first-quarter earnings. Source: Google Finance

Coinbase’s stock has fallen more than 14.5% this year, prompting the exchange to pursue new business lines such as prediction markets and cost-cutting measures, including laying off 14% of its workforce, or about 700 employees, on Monday.

Despite the company’s earnings, CEO Brian Armstrong struck an optimistic tone on the earnings call, telling investors that “the world economy is moving on-chain, and Coinbase was built to capitalize on this transition.”

He added that over the past year, Coinbase has aimed to transition from “a primarily spot-focused crypto platform into a place where you can now trade any asset class.”

“We’re in kind of this interim period where spot crypto assets were down a bit, other asset classes were up. As we diversify, these things will get balanced out, where we’ll just be in a more upward channel over time,” Armstrong added.

Related: Block Inc rises 8% as Q1 gives ‘earnings surprise’ despite Bitcoin dip

Coinbase rival Robinhood Markets also missed estimates for the first quarter last month as its crypto revenue and trading volumes nearly halved from a year earlier.

Bernstein said in March that the decline in crypto stocks presented a more attractive entry point for investors seeking exposure to the current hot theme of tokenization and maintained a bullish rating on Coinbase and Robinhood.

It argued that the companies offered investors exposure to a broader shift toward tokenized finance, including stablecoins and prediction markets, which it expected to gain traction in the coming years.

Magazine: Guide to the top and emerging global crypto hubs — Mid-2026

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.