Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from the […]
Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from the […]
World Assets, a subsidiary of the World Foundation, has sold $135 million in its WLD token to investors Andreessen Horowitz and Bain Capital Crypto. Funding to Support World Network Expansion World Assets, a subsidiary of the World Foundation, has announced the sale of $135 million worth of its native WLD token to prominent investors Andreessen […]
A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 billion on the decentralized exchange Hyperliquid, which has stunned the crypto community and is believed to be the first-ever position exceeding $1 billion on the platform. The X account “James Wynn” claims to be behind the position, which is now up […]
BlackRock’s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency. IBIT’s May 21 net inflows hit $530.6 million, its biggest single-day net inflow since it took in $531.2 million on May 5, according to […]
In the first quarter of 2025, XRP’s market capitalization grew by 1.9%, reaching $121.6 billion, while the combined market cap of bitcoin, ethereum, and solana fell by 22%. All network metrics for XRP improved for the second consecutive quarter, with average daily active addresses increasing by 142% to 134,600. XRP Metrics Improve for Second Consecutive […]
Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback. A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition proposal, pitched to its community and to Derive’s, “did not resonate,” and both projects agreed to “step back from the proposed acquisition.” Synthetix said […]
Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions. Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead to Federal Conviction The U.S. Department of Justice (DOJ) announced on May 21 that Braden John Karony, chief executive […]
Bitcoin has topped $110,000 for the first time in a recent rally that has seen it gain 3% over the past day to break through past price highs from earlier this year. Bitcoin (BTC) hit a new all-time high of $110,788.98 on Coinbase late on May 21, just before 11:30 pm UTC, according to TradingView. […]
Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong Monetary Authority (HKMA) announced on May 21 that the Legislative Council […]
U.S. authorities dismantled key infrastructure behind major crypto credential thefts, seizing domains used to control malware that looted millions of wallets and logins. DOJ Shuts off Access to Stolen Crypto Wallet Data in Federal Domain Seizure The U.S. Department of Justice (DOJ) announced on May 21 that it has seized five domains linked to the […]
On Wednesday, the leading crypto asset bitcoin, vaulted over another price barrier, reaching $110,730 per coin. Bitcoin Rockets to $110,730 — Is the Next Stop a Moonshot? Throughout the day, bitcoin tapped fresh highs multiple times, with the latest peak hitting $110,730 per unit. At that point, BTC appeared to settle, hovering just below the […]
