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
UK to Ban Crypto Investments via Borrowed Funds Amid Rising Risks
FCA moves to tighten crypto rules, banning credit card use and loans for digital asset purchases to protect retail investors. As part of its broader push to regulate the fast-evolving crypto market, the UK’s Financial Conduct Authority (FCA) is preparing to ban retail investors from using borrowed funds, including credit
Ethereum Faces Crucial Challenge to Attract Young Developers
The hottest topics in the market over the past week seem to be related to Ethereum. One is that Vitalik Buterin shared the current dilemmas, challenges, and some solutions for Ethereum during a community AMA, sparking considerable discussion; the other is the sudden theft of over 500,000 Ethereum from Bybit
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,
Zora to Airdrop ZORA Token Amid Hype, Backlash and Insider Claims
Coinbase-backed Zora rides viral momentum with a token drop announcement, but allegations of insider trading stir controversy. Zora, an onchain social media platform backed by Coinbase, is set to launch its native token, ZORA, on April 23. The announcement follows a week of intense activity and viral traction on X
