The Bank of Korea (BOK) has called for legal authority over the approval of won-based stablecoins, warning that such digital currencies could disrupt the country’s monetary policy if they are treated like legal tender. In a statement reported by BusinessKorea, a senior official from the central bank emphasized that monetary authorities must be involved from…
Strategy, formerly known as MicroStrategy, has announced the purchase of an additional 13,390 Bitcoin for approximately $1.34 billion, as detailed in a May 12 SEC filing. This acquisition brings the company’s total Bitcoin holdings to 568,840 BTC, valued at over $59 billion at current market prices. Executive Chairman Michael Saylor shared the news on X,…
Gold surged past the $3,500 mark for the first time in history on Tuesday, marking a new record high as investors sought safe-haven assets amid escalating global economic uncertainty. Spot gold reached a peak of $3,500.01 (£2,620), continuing a relentless rally that began at $2,623 an ounce at the start of 2025. The surge comes…
Leading NFT marketplace OpenSea has called on the U.S. Securities and Exchange Commission (SEC) to formally declare that platforms dealing in non-fungible tokens do not qualify as exchanges or brokers under U.S. securities laws. In a letter addressed to SEC Commissioner Hester Peirce, OpenSea requested regulatory clarity, asserting that the unique structure and operational model…
Ukraine’s Securities and Exchange Commission has proposed a 23% tax on income derived from cryptocurrency transactions, which includes an 18% personal income tax and a 5% military levy—a wartime surcharge that has been in place since the country’s ongoing conflict with Russia began. Outlined in a 32-page consultation paper, the proposal marks a major step…
Binance, the world’s largest cryptocurrency exchange, has issued a warning to traders that it will delist several spot trading pairs on April 11, including pairs involving ACT, ALPHA, BLUR, PENGU, and others. According to a notice posted on April 9, the delisting will go into effect on April 11 at 03:00 UTC. The trading pairs…
Crypto markets continue to reel after the White House confirmed a sweeping new trade move that sent shockwaves through global finance. On Tuesday, April 8, President Donald Trump’s administration announced a 104% tariff on all Chinese imports — set to take effect at 12:01 AM ET on April 9. Shortly after the announcement, Bitcoin (BTC)…
In a major policy shift, the U.S. Department of Justice (DOJ) is winding down its aggressive stance on crypto regulation, officially shutting down its National Cryptocurrency Enforcement Team (NCET), according to an internal memo obtained by crypto.news. Formed in 2022 under the Biden administration, NCET played a central role in prosecuting high-profile crypto cases —…
Matt Dyer has officially stepped down as CEO of Zilliqa Technology, the company announced on Tuesday, as the blockchain project advances toward its highly anticipated upgrade to Zilliqa 2.0. In a statement posted on X, Zilliqa confirmed Dyer’s departure and said that internal leadership will oversee operations during the interim period. While no specific reason…
In a surprising development, the government of Pakistan has officially appointed Changpeng “CZ” Zhao, the former CEO of Binance, as a strategic advisor to help shape the country’s national cryptocurrency and blockchain policies. According to sources familiar with the matter, CZ’s appointment was finalized earlier today during a closed-door session between Pakistan’s Ministry of Finance…