Just another WordPress site
David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing. “We have every expectation now that it’s going to pass,” Sacks told CNBC on May 21, following a key procedural vote that saw 15 Democrats join Republicans to …
Continue reading “Trump’s crypto czar David Sacks says stablecoin bill is ‘going to pass’”
Newly updated guidelines from Dubai’s crypto regulator include provisions on real-world asset (RWA) tokenization and clarify rules for issuers. On May 19, Dubai’s Virtual Asset Regulatory Authority (VARA) released its updated Rulebook for virtual asset service providers (VASPs) operating in the region. The regulator gave market participants until June 19 to comply with the new …
Continue reading “Dubai regulator clarifies real-world asset tokenization rules: Lawyer”
Key points: Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue. Both the latest surge and the bull market itself are on borrowed time, traders say. Comparisons to previous price cycles remain in use despite the booming institutional investment scene. Bitcoin (BTC) traders are calling for a pullback after …
Continue reading “Bitcoin 'looks exhausted' as next bear market yields $69K target”
What is shilling in crypto? At its core, shilling is the act of artificially promoting a cryptocurrency or token, often with exaggerated claims, to increase its price or popularity. But what’s the goal? Hype it up, get others to buy in, and then cash out, leaving latecomers holding the bag. Shilling can come from anyone: …
Continue reading “5 red flags you’re being shilled: Don’t buy the hype”
The hacker behind the data breach targeting Coinbase users mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap. On May 21, the hacker used Ethereum transaction input data to write “L bozo,” followed by a meme video of NBA player James Worthy smoking a cigar. The message came after the attacker …
Continue reading “Coinbase hacker trolls ZachXBT onchain after $42.5M THORChain swap”
Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal court in Georgia allowed the firm’s digital crimes unit to take down, block or suspend nearly 2,300 websites critical …
Continue reading “Microsoft takes legal action against infostealer Lumma”
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 …
Continue reading “Pakistan creates Digital Asset Authority to regulate crypto”
A US grand jury has indicted the founder of blockchain startup Amalgam Capital Ventures over allegations he defrauded investors out of over $1 million with a fake blockchain. Jeremy Jordan-Jones was arrested and indicted on May 21 and charged with wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft, the …
Continue reading “Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain”
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 …
Continue reading “Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage”
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 …
Continue reading “BlackRock’s Bitcoin ETF notches 2-week high inflow as BTC nears $112K”
