Pakistan Establishes Digital Asset Authority to Oversee Crypto Pakistan is taking a significant step towards regulating its blockchain and cryptocurrency sector. The Ministry of Finance has reportedly approved the creation of the Pakistan Digital Assets Authority (PDAA), a dedicated body designed to oversee and regulate the burgeoning digital asset landscape in the country. This move…
Crypto Whale Bets $1.1 Billion on Bitcoin Long Position The world of cryptocurrency trading is known for its volatility and high-stakes maneuvers. Recently, a crypto whale made headlines by opening a massive $1.1 billion long position on Bitcoin (BTC) with 40x leverage on the decentralized exchange Hyperliquid. This move has stirred the crypto community, marking…
BlackRock’s Bitcoin ETF Sees Massive Inflows as BTC Price Surges The world of Bitcoin ETFs is heating up, with BlackRock’s IBIT leading the charge. As reported by Cointelegraph, recent data shows a significant surge in inflows into these investment vehicles, coinciding with Bitcoin’s impressive price rally. IBIT’s Record-Breaking Day BlackRock’s iShares Bitcoin Trust (IBIT) experienced…
Synthetix Abandons $27 Million Derive Acquisition Plan After Community Pushback In a surprising turn of events, the decentralized finance (DeFi) platform Synthetix has decided to scrap its $27 million acquisition of the crypto options platform Derive. This decision comes after significant negative feedback from both the Synthetix and Derive communities. The deal, which involved a…
Bitcoin Surges Past $110,000, Marking a New All-Time High Bitcoin is making headlines again as it continues its impressive rally, achieving a new all-time high. The world’s leading cryptocurrency has broken past previous price peaks, driven by growing institutional interest and evolving market dynamics. Let’s dive into the details of this exciting surge. New Price…
Australian Regulator Seeks High Court Appeal in Block Earner Case The Australian Securities and Investment Commission (ASIC) is escalating its legal battle with fintech firm Block Earner, seeking permission from the High Court to appeal a previous ruling. The core issue revolves around clarifying the definition of a “financial product” under Australian law, particularly in…
VanEck Steps into Avalanche with New Ecosystem Fund VanEck is expanding its reach in the digital asset space with the launch of a new fund focused on the Avalanche blockchain. The PurposeBuilt Fund aims to invest in Web3 projects built on Avalanche, targeting sectors like gaming, financial services, and artificial intelligence. This move highlights the…
Bipartisan Support Emerges for Blockchain Regulation Amid Crypto Industry Concerns In a notable development for the crypto space, a bipartisan effort is underway in the U.S. Congress to provide regulatory clarity for blockchain technology. As reported by Cointelegraph, the Blockchain Regulatory Certainty Act, reintroduced by Minnesota Representative Tom Emmer, aims to define that digital asset…
CFTC Commissioner Kristin Johnson Announces Departure Amid Regulatory Uncertainty The U.S. Commodity Futures Trading Commission (CFTC) is facing a potential leadership shakeup as Commissioner Kristin Johnson announced her plans to leave the agency before 2026. This news arrives amidst ongoing debates about the future of crypto regulation and the roles of agencies like the CFTC…
Sam Altman’s Worldcoin Project Faces Scrutiny Despite $135M Funding Worldcoin, the digital identification project led by OpenAI CEO Sam Altman, has recently secured $135 million in funding from Andreessen Horowitz and Bain Capital Crypto. This investment aims to expand Worldcoin’s network of iris-scanning orbs, particularly in the United States and across the globe. However, the…
The former CEO of SafeMoon, Braden John Karony, has been found guilty on multiple felony charges, marking a significant development in the ongoing scrutiny of crypto companies and their executives. The verdict, delivered by a New York jury, underscores the increasing regulatory pressure within the cryptocurrency space. This Uncategorized event is a crucial point for…
Donald Trump’s foray into the world of memecoins has stirred significant controversy, drawing criticism from lawmakers and advocacy groups alike. A planned dinner with top holders of his “Official Trump” (TRUMP) memecoin has become a focal point, raising concerns about potential conflicts of interest and the sale of access to the former president. This situation…
Navigating the world of cryptocurrency can be exciting, but it also comes with its own set of challenges, especially when it comes to accounting. Keeping track of your crypto gains and losses is crucial for accurate tax reporting and maintaining a clear picture of your financial health. This is particularly important for crypto investors and…
Hong Kong is making significant strides in the digital asset space. The Legislative Council has officially passed the Stablecoin Bill, setting the stage for a regulated environment for stablecoins and potentially positioning Hong Kong as a key player in the global Web3 landscape. This move signals Hong Kong’s ambition to become a hub for crypto…
