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,
The major crypto assets have noticeably lost their recent gains, and while turning attention toward the altcoins, Solana (SOL) is trading on the downside. The asset’s recovery could take place only after a series of crucial retests, as the market is struggling to make a bullish move. Currently, the price
While zooming in on the altcoin pack, SKY has emerged as a trending coin in the crypto market. It is currently trading at around the $0.07448 mark. Besides, the lowest and highest trading ranges have fallen between $0.07141 and $0.08054, respectively. With its market cap reaching $1.72 billion, the daily
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
The largest altcoin, Ethereum (ETH), is attempting to enter the bullish zone. Currently, it is trading within the $2,069 range following a 3.33% gain in value. In the early hours, the asset traded at a bottom range of $1,939, and with the brief bullish shift in the ETH market, the
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
Within the fearful market, Bittensor (TAO) has registered a modest loss of 1.22% in the last 24 hours. The asset opened the day trading at around $334.47, and with the bears taking control of the TAO price action, it slipped to a low range of $310.56. At the time of
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
David Sacks has stated that he has taken over the position of the co-chair of the President’s Council of Advisors on Science and Technology on Thursday. Sacks has been functioning as the White House’s AI and crypto czar. He has been responsible for handling the early stages of the administration’s
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.
