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Pakistan has stepped up its cryptocurrency digital finance with the formation of a brand new authority to supervise the nation’s blockchain and crypto panorama. The Ministry of Finance has accepted the institution of the Pakistan Digital Property Authority (PDAA), a regulatory physique that may regulate blockchain-based monetary infrastructure, based on a report from state-owned broadcaster PTV on Could 21. Pakistan Ramps up its Crypto Regulation The PDAA shall be accountable for licensing and overseeing crypto exchanges, custodians, wallets, stablecoins, tokenized platforms, and decentralized finance (DeFi) purposes. It would additionally help broader blockchain use instances like tokenizing nationwide funds and authorities…
Bitcoin (BTC) value surged previous $110,000 on Thursday, setting a brand new all-time excessive above its January peak of $109,588. This marks the second time in 2025 that Bitcoin has damaged its earlier file, additional reinforcing its ongoing bullish pattern. The rally comes at the same time as U.S. inventory markets posted declines on Wednesday, exhibiting BTC’s relative power in a shifting macro surroundings. Bitcoin has gained over 50% since hitting an area low under $75,000 on April 7, signaling sturdy shopping for curiosity. In line with the most recent market knowledge, Bitcoin’s complete market capitalization now stands at $3.49…
Singapore, Singapore, Might twenty second, 2025, Chainwire mETH turns into the primary liquid staking token to be held on the steadiness sheet of a publicly listed firm. Mantle, the most important sustainable hub for on-chain finance with over $3 billion in Complete Worth Locked (TVL), in the present day introduced a strategic partnership with Republic Technologies, the Ethereum (“ETH”) treasury of publicly listed Canadian firm Beyond Medical Technologies Inc. (CSE: DOCT) (IBKR: DOCT) (FSE: 7FM). This partnership marks a significant milestone in institutional cryptocurrency adoption, positioning Mantle’s mETH as the primary liquid staking token to be held on the steadiness…
The Cetus Protocol, a decentralized change (DEX) constructed on the Sui blockchain, skilled a important safety breach on Might 22. On-chain information confirmed the unauthorized drain of greater than $260 million in digital property from its liquidity swimming pools. Nonetheless, after the primary stories of a system error, many blockchain analysts linked the assault to utilizing pretend tokens and altering the worth of cryptocurrencies. Uncommon On-Chain Exercise Detected Earlier than Breach Affirmation Transaction information from on-chain instruments confirmed a sudden massive leap, earlier than the exploit was publicly confirmed. On Monday, Cetus had over $2.9 billion in trades, in contrast…
The digital age has rewritten the foundations of wealth creation, and cryptocurrency mining is on the middle of that revolution. As soon as an enviornment reserved for tech-savvy elites with industrial-scale gear, Bitcoin mining has undergone a dramatic transformation. At this time, because of revolutionary cloud mining options, on a regular basis customers can generate passive revenue with minimal effort. Main this shift is KGNCloud—a powerhouse within the realm of Bitcoin cloud mining that makes the advanced really feel easy. The Shift from {Hardware} to the Cloud Conventional cryptocurrency mining demanded an arsenal of {hardware}, large electrical energy consumption, and…
The hacker liable for the Coinbase information breach has instantly mocked outstanding blockchain investigator ZachXBT by way of an on-chain message following a significant cryptocurrency swap. The attacker wrote “L bozo,” together with a meme video of NBA participant James Worthy smoking a cigar, on Could 21 utilizing Ethereum transaction enter information. The threatening message adopted the hacker’s change of about $42.5 million of Bitcoin for Ethereum by way of the THORChain cross-chain platform. This present of disrespect for one of the vital famend investigators within the crypto group demonstrates the brazenness of cybercriminals within the business. ZachXBT flagged the…
Australia’s company regulator, the Australian Securities and Investments Fee (ASIC), has officially requested particular depart from the Excessive Court docket. This transfer follows a latest Full Federal Court docket ruling in favor of Block Earner, a crypto lending platform. ASIC’s software goals to element how interest-earning and asset trade crypto merchandise match inside current monetary legal guidelines. Background of the Authorized Dispute The case dates again to a February 2024 Federal Court docket resolution. That ruling discovered Block Earner participated in unlicensed conduct when it provided its fixed-yield product, named “Earner,” between March and November 2022. Regardless of this, the…
After getting listed on the foremost exchanges, MapleStory’s blockchain sport governance token, NXPC, has skilled a powerful rally. This week, the token surged over $3, in line with CoinMarketCap. Nonetheless, the token didn’t maintain this acquire. On the time of publication, NXPC is buying and selling round $1.90 with a 4.4% hike. NXPC Fuels From Bitcoin’s Rally After observing the potential and rising demand, many main exchanges like Binance, KuCoin, Byit, Bitget, and others listed the NXPC token on their platforms. It has elevated NXPC’s accessibility and attracted a bigger pool of buyers. NXPC is the governance token of the…
On Could 21, Senator Cynthia Lummis doubled down on her push for Bitcoin adoption, saying, “That is what I’ve been saying. Individuals are able to improve our reserves.” She cited a latest survey carried out by the Nakamoto Challenge, the place they reached out to three,345 Individuals to find out about their opinion about Bitcoin reserve. The survey revealed that 4 out of 5 Individuals have been prepared to transform some US gold reserve into Bitcoin. JUST IN: 🇺🇸 Senator Cynthia Lummis says “Individuals are able to improve our reserves” from gold to #Bitcoin pic.twitter.com/MfyCvF1Sn0 — Bitcoin Journal (@BitcoinMagazine) May…
On Might 21, the U.S. Senate took an enormous step in direction of regulating the cryptocurrency sector because it voted to advance the controversial GENIUS Act after a decisive 66-32 procedural vote. If handed, the legislation might convey drastic adjustments to how stablecoins are monitored. What’s the GENIUS Act? The invoice is anticipated to convey order to the 250 billion stablecoin market by requiring corporations to carry. This act is designed to forestall collapses just like the 2022 TerraUSD crash. It additionally cracks down on cash laundering, forcing crypto corporations to comply with the identical anti-fraud guidelines as conventional banks. …