Mon, May 4
Profile picture of Lakshya Baskar

Lakshya Baskar

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

Posts by Lakshya Baskar

Hong Kong

Hong Kong Stablecoin Licensing Delayed as HKMA Holds Back Approvals

The Hong Kong government has not issued any HKD stablecoin licenses, despite earlier commitments to begin the approval process in March this year. The HKMA is still reviewing the applications and has not announced any approvals. Also, stretching the deadline beyond the earlier stated timeframe by the officials. The officials,

April 1, 2026 2 mins read
Uranium Finance

Uranium Finance Hacker Charged in $54M DeFi Exploit, Faces 30-Year Prison Sentence

US authorities unsealed the indictment against Jonathan Spalletta, accusing him of carrying out two hacking operations targeting Uranium Finance during April 2021. According to authorities, the defendant exploited weaknesses in smart contracts to steal millions, leading to the shutdown of the decentralized exchange’s operations. US Attorney Jay Clayton said, “Stealing

March 31, 2026 3 mins read
Stablecoin

Stablecoin Payments Surge in Southeast Asia as StraitsX Powers Crypto Card Growth

Singapore-based StraitsX announced a sharp increase in the growth of its stablecoin card program, indicating a rise in the adoption of Southeast Asia’s digital payments ecosystem. The StraitsX stablecoin card program experienced a fortyfold increase in transaction volume from the fourth quarter of 2024 to the 2025 periods.  The StraitsX

March 30, 2026 2 mins read
stablecoins

Stablecoins Could Become Crypto’s ‘ChatGPT Moment,’ Says Ripple CEO Garlinghouse

Ripple CEO Brad Garlinghouse has called stablecoins a “ChatGPT moment” for the cryptocurrency space during a recent discussion. While offering his insights to FOX Business, he also explained that stablecoins could unlock widespread adoption for cryptocurrency. This is by simplifying access to blockchain-based financial systems for both institutions and consumers

March 28, 2026 2 mins read
United Kingdom

UK Sanctions Xinbi Crypto Network in Crackdown on Global Scam Operations

The United Kingdom has recently sanctioned Xinbi, which is a marketplace for various cryptocurrencies. Authorities have associated the marketplace with various scam activities in Southeast Asia. The country has taken action against the marketplace for facilitating fraud networks. It was through transactions involving stolen data, money laundering, and scam services. 

March 27, 2026 2 mins read
Gamestop

GameStop Retains Bitcoin Exposure Through 4,709 BTC Collateral Agreement

GameStop confirmed that it has not sold the Bitcoin assets it accumulated during the previous fiscal year period. This is according to its latest filing of 10-K. This came about due to speculation that GameStop might sell its accumulated Bitcoin assets. The company had pledged 4,709 Bitcoin to Coinbase Credit

March 27, 2026 2 mins read
SEC

SEC Chair Paul Atkins Confirms Tokenization Exemption Timeline at House Hearing

The SEC Chairman, Paul Atkins, recently confirmed the proposed timeline for introducing a tokenization innovation exemption during a House hearing. As reported by Eleanor Terrett, this proposal seeks to facilitate blockchain-based financial innovation. Also, ensure compliance with existing securities laws and regulatory requirements across the United States.  The SEC Chairman

March 26, 2026 2 mins read
Bhutan

Bhutan Transfers 519 BTC to External Wallet in Latest Bitcoin Move

Bhutan has made another transfer of 500 Bitcoins to cryptocurrency exchanges. This is not the beginning or the end of a series of transactions that have seen the overall outflows for 2026 rise considerably. The data from Arkham Intelligence, shows that Bhutan have been moving funds in line with the

March 26, 2026 2 mins read
clarity

Coinbase Pushes Back Against CLARITY Act Over Stablecoin Yield Rules

Coinbase rejected the CLARITY Act draft due to its potential to limit innovation in the stablecoin and digital asset space. The company was concerned about the way the draft legislation treats yield-generating stablecoin products that exist across platforms. The officials claimed that the current draft lacks clear guidelines for activities

March 26, 2026 2 mins read
Little Pepe