Bitcoin and its peers extended their downward trend seen since last week on Tuesday mainly due to lack of strongly positive news to direct the market.
Overall cryptocurrency market capitalization was $193.36 billion and the Bitcoin dominance rate climbed to 56.4 percent as of 10.54 am ET on CoinMarket Cap.
Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
SEC Temporarily Suspends Bitcoin, Ether Exchange-traded Notes
The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One and Ether Tracker One exchange-traded notes. The decision is due to the confusion among market participants regarding these instruments, the agency noted. Read more...
Winklevoss Twins' Gemini Launches NYDFS-approved, US Dollar-backed Stablecoin
Gemini, a New York trust company owned by Internet entrepreneur twins Cameron and Tyler Winklevoss, launched a U.S dollar-backed stablecoin called "Gemini dollar," which has the backing of the New York Department of Financial Services (NYDFS). Gemini dollar, a stable value coin, issued by Gemini is strictly pegged at 1:1 to the U.S. dollar, and is built on the Ethereum network according to the ERC20 standard for tokens. Read more...
Buy Rolls-Royce, Bentley And Bugatti With Bitcoins
US-based luxury automobile retailer Post Oak Motor Cars is now accepting payments for luxury carriages in cryptocurrencies such as bitcoin and bitcoin cash. This is applicable for buyers of Rolls-Royce, Bentley and Bugatti from the dealerships in America. Read more...
UK Meds To Deploy Stratis' Blockchain Tech. To Improve Patient Safety
UK-based online pharmacy UK Meds struck a deal with Stratis to use the latter's blockchain platform to improve patient safety. The project is initiated by UK Meds, but they will be joined by more than ten other online pharmacies aiming to make it a de facto standard across the entire UK industry. Read more...
Terrorists Prefer Cash To Crypto, U.S. Think Tank Testifies
A Washington-based think tank focusing on national security and foreign policy testified before a Congressional Committee about how illicit financing is available to terrorists. Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, told the U.S. House of Representatives Subcommittee on Terrorism and Illicit Finance that terrorists prefer traditional hard cash over cryptocurrencies. Read more...
Current Prices
As of 10.55 am ET, Bitcoin was down by 0.47 percent at $6,269.57 and Ethereum was lower by 3.74 percent at $188.23 on Coinbase.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.