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A man suspected of helping kidnap and torture an Italian cryptocurrency investor in a Manhattan townhouse has surrendered to New York City police.William Duplessie turned himself in Tuesday after what officials described as days of negotiations with authorities, the New York Times reports.He is the third suspect in an alleged plot to extract the keys to a bitcoin wallet belonging to Michael Valentino Teofrasto Carturan, a crypto fund associate who said he was held captive and abused for nearly three weeks.The ordeal began on May 6, when Carturan arrived at a 17-room townhouse on Prince Street in Manhattan’s NoLiTa neighborhood. He was set to reconnect with former fund partner John Woeltz, who, along with another associate Beatrice Folchi, allegedly ambushed...

LAS VEGAS, Nevada — Steak n’ Shake has only been accepting bitcoin payments for two weeks, but the American fast food chain’s COO Dan Edwards said it’s already been a “win” for both the company and its customers.Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards said that bitcoin payments have been faster and cheaper than traditional credit card payments.“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards said. “This means that bitcoin is a win for the customer, it’s a win for us as a merchant, and it’s a win for the bitcoin community.”Edwards said that on May 16, the day Steak n’ Shake began accepting bitcoin...

Global economic tensions and trade disputes continue to influence cryptocurrency markets, with XRP demonstrating remarkable resilience despite recent capital outflows. The digital asset saw its market capitalization fluctuate from $137.5 billion to $133.39 billion before partially recovering to $135.86 billion, highlighting the ongoing volatility. Despite these challenges, XRP maintains position above critical technical support levels including the 50-day SMA at $2.26, suggesting underlying strength in its market structure.Technical Analysis HighlightsPrice range: XRP traded between $2.275 and $2.356, representing a 3.56% range over 24 hours.Volume support: Significant volume spike to 71.18M at the $2.275 level during the 01:00 hour on May 27.Consolidation pattern: Hours following the initial support showed price consolidation before renewed buying.Secondary volume surge: Another high-volume increase to 74.36M...

The cryptocurrency market is navigating choppy waters as geopolitical tensions and trade disputes create headwinds for digital assets. Despite broader market uncertainty, Dogecoin has demonstrated remarkable resilience, recovering from a significant dip to $0.220 and establishing strong support at the $0.222 level with nearly double the average 24-hour trading volume, ccording to CoinDesk Research's technical analysis data model.This price action has formed a clear higher low pattern, suggesting bullish momentum is building despite macroeconomic challenges.Technical Analysis HighlightsDOGE recovered from a significant dip to 0.220 at 01:00 on May 27th to reach a high of 0.232 by 13:00, representing a range of 0.012 (5.45%).Price action formed a clear higher low pattern after the volume spike at 01:00, establishing strong support at...

As bitcoin BTC enters this week’s Bitcoin Conference in Las Vegas priced at roughly a record high above $109,000, traders and analysts are closely watching whether it what's become a trend of poor performance after these events.Historical data compiled by Galaxy Research across five prior conferences from San Francisco in 2019 to Nashville in 2024 reveals that bitcoin has generally fared poorly both during and especially after these gatherings. For example, the 2019 event saw a 10% decline during the conference and BTC went on to tumble 24% over the following month. The 2022 conference in Miami showed a similar trajectory: down 1% during the event and a steep 29% slide in the month after. Both of those instances, however,...