A resident of Danvers, a town in Massachusetts, was convicted of operating an unregistered Bitcoin transmitting business and was sentenced as it breached federal anti-money laundering laws. On May 23, the resident was sent to six years in prison for operating an unlicensed Bitcoin money transmitting business that authorities claim
17 hours ago 2 mins read
Four new cryptocurrency Bills Named 4510, 4511, 4512, and 4513 were introduced in the Michigan legislature, as of May 23. The introduction of the new bill marks the combined effort to define the approach of state to cryptocurrency. Representative Bill Schutte introduced House Bill 4510 and it is focused on
18 hours ago 2 mins read
The recent gala dinner hosted by the 47th President of the United States, Donald Trump, for his $TRUMP memecoin failed to spark a price rally for the Official Trump (TRUMP) token. However, it has ignited a new trend: the emergence of themed cryptocurrencies associated with high-profile events and personalities. The
19 hours ago 3 mins read
H100 Group AB, a health tech company in Sweden, has witnessed a rise of 37% in its shares after the announcement of purchasing Bitcoin for the first time as part of its new strategy. At the same time, Jiuzi Holdings from China unveiled that it has a plan to stack
22 hours ago 2 mins read
The native token of Huma Finance, HUMA, is going to have its official debut on Binance Alpha on May 26. On May 26, Binance confirmed through an announcement that HUMA will be registered on Binance Alpha. Binance Alpha is an early access section of the platform that demonstrates trending and
May 22, 2025 2 mins read
The Ministry of Finance of Pakistan has recently publicized a dedicated body which will be responsible for regulating blockchain-based financial infrastructure in Pakistan. On May 21, a state-owned broadcaster, PTV reported that the regulatory body is said to be the Pakistan Digital Assets Authority (PDAA) and it will oversee license
May 22, 2025 2 mins read
The Bitcoin Policy Institute (BPI) has recently released a policy manifesto to urge the US to lead in the Bitcoin Infrastructure. On May 21, the BPI issued a 21 21-page policy framework to place the US as a global leader in the Bitcoin infrastructure. The head of policy of BPI,
May 22, 2025 2 mins read
Worldcoin has sold WLD tokens to 16z and Bain Capital and generated around $135 million. After selling, the total circulation supply of the token was impacted, and a significant increase was witnessed. The generated money will be used for carrying on its biometric data collection operations in the US. Not
May 22, 2025 2 mins read
Crypto.com, a crypto exchange company from Singapore, recently received a license that allowed it to provide crypto financial derivatives in the European Economic Area. On May 21, the company announced that it had secured a Markets in Financial Instruments Directive (MiFID) license. On the matter, the co-founder and the chief
May 21, 2025 2 mins read
The Financial Services Commission of South Korea will make it compulsory for non-profit organizations and crypto exchanges to comply with a firm customer verification process from June. The official release of FSC states that these bodies will be permitted to sell virtual assets under new laws. Nonprofits are permitted to
May 21, 2025 2 mins read