CZ Proposes Bitcoin and BNB for Kyrgyzstan’s National Crypto Reserves
Binance signs agreement to launch Binance Pay and support crypto education in Kyrgyzstan Binance co-founder Changpeng “CZ” Zhao has proposed that Kyrgyzstan include Bitcoin and BNB as its first digital assets to form a national crypto reserve. This suggestion marks a bold step in the country’s growing embrace of digital
Due to suspected registration irregularities, Indonesia suspends WorldID.
OpenAI CEO Sam Altman’s digital identity project World, formerly Worldcoin, is facing challenges in Indonesia amid local regulators temporarily suspending its registration certificates. The Indonesian Ministry of Communications and Digital (Komdigi) has halted the Electronic System Operator Certificate Registration (TDPSE) for World and World ID over suspicious activity and alleged
Arizona Vetoes Bitcoin Reserve Bill Despite Bipartisan Backing
Governor Hobbs halts historic crypto initiative as national Bitcoin reserve plans gain momentum. Arizona Governor Katie Hobbs has vetoed Senate Bill 1025, a groundbreaking proposal that would have allowed the state to establish a strategic Bitcoin reserve. The decision, issued on May 2, marks the first instance of a sitting
BTC at Crossroads: Miners Turn Bullish, Traders Stay Wary
Bitcoin’s breakout above the psychologically important $95,000 mark has energised some segments of the market—but not all. While miners are signalling renewed confidence by accumulating BTC, derivatives traders are expressing caution, betting on a potential short-term correction. This divergence has created an atmosphere of uncertainty around the coin’s next move.
Crypto Industry Pushes SEC for Staking Clarity
Advocacy groups urge the SEC to treat staking as a technical process, not a securities issue. Nearly 30 crypto advocacy organisations, led by the Crypto Council for Innovation (CCI), have called on the U.S. Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking. In a letter
MultiBank, MAG, and Mavryk Sign Record $3B Deal for Real Estate Tokenisation
Landmark agreement brings ultra-luxury Dubai properties to blockchain investors worldwide In a groundbreaking development for blockchain-based finance, Dubai’s MultiBank Group has signed a $3 billion real-world asset (RWA) tokenisation agreement with UAE-based real estate giant MAG and blockchain provider Mavryk. The deal, the largest of its kind globally, will see
Morgan Stanley to Launch Crypto Trading for E*Trade Clients Amid Regulatory Shift
Major US bank’s move could reshape competition in digital asset space Morgan Stanley is planning to introduce cryptocurrency trading for clients of its E*Trade platform, marking the most significant move by a major US bank to offer everyday investors direct access to digital assets. The project is in its early
Goldman Sachs Executive Champions Stablecoin Regulation at TOKEN2049
Mathew McDermott outlines why regulatory clarity is key to unlocking institutional capital in crypto. At TOKEN2049 in Dubai, Mathew McDermott, Goldman Sachs’ Head of Digital Assets, stressed that crypto’s next phase of growth hinges on regulatory clarity. Speaking during a fireside chat, McDermott emphasised that for the market to truly
Revolut’s Crypto Gamble Pays Off with Record Profits
Fintechs like Revolut and Robinhood outpace crypto-native platforms as mainstream crypto trading gains momentum. Revolut has posted a record-breaking $1.5 billion profit for 2024, marking the first time the UK-based neobank has crossed the billion-dollar threshold in annual earnings. A significant contributor to this milestone was its booming wealth division,
Brazil Jails Crypto Ponzi Leaders for 171 Years in $190M Fraud
Braiscompany founders sentenced after defrauding 20,000 investors in one of Brazil’s largest-ever crypto scams. A Brazilian federal court has sentenced three top executives of Braiscompany, a fraudulent crypto investment platform, to a combined 171 years in prison. The scheme, which misled nearly 20,000 investors, raised over $190 million (R$1.11 billion)
