Cardano (ADA) is in a tight corner after dropping below the psychological price of $0.75, as lower highs and lower lows increase bearish pressure. In technical analysis, lower highs and lower lows depict a downtrend since buyers are not strong enough to push the price as high as before. Therefore, sellers are usually in control … Read more
Bitcoin has soared to unprecedented heights, sparking speculation about a possible altcoin rally as market dynamics shift. With Bitcoin’s recent surge above $111,000, analysts are increasingly optimistic about the prospects for other cryptocurrencies, but caution remains regarding market conditions. Reece Hobson from eToro Australia highlighted, “Bitcoin’s surge to an all-time high of $110,000 USD stems … Read more
Crypto.com has secured a MiFID license via its acquisition of Allnew Investments Ltd., paving the way for broader financial services offerings, including securities and derivatives across Europe. Crypto.com Moves Deeper Into Regulated Financial Services With MiFID License Crypto.com has officially entered the European traditional finance arena after securing a MiFID (Markets in Financial Instruments Directive) … Read more
Bitcoin spot exchange-traded funds (ETFs) saw growth on Wednesday as these products recorded another day of significant inflows, exceeding $600 million. Yesterday’s figure represented the sixth consecutive day of net inflows into BTC spot ETFs, a signal of climbing investor confidence in the leading digital asset. Bitcoin ETF Inflows Climb 85% Amid Bullish Run Above … Read more
Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal court in Georgia allowed the firm’s digital crimes unit to take down, block or suspend nearly 2,300 websites critical … Read more
Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country. The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians, wallets, tokenized platforms, stablecoins and decentralized finance applications, according to a May 21 report from the … Read more
For many cryptocurrency investors, keeping an eye on the broader financial landscape, especially the US stock market, is essential. Market movements in traditional finance often have ripple effects that can influence investor sentiment and capital flows elsewhere, including the digital asset space. Recently, major indicators showed a downturn, signaling a cautious mood among investors. Understanding … Read more
A US grand jury has indicted the founder of blockchain startup Amalgam Capital Ventures over allegations he defrauded investors out of over $1 million with a fake blockchain. Jeremy Jordan-Jones was arrested and indicted on May 21 and charged with wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft, the … Read more
Tennessee Senator Bill Hagerty is making waves in the United States with his bold views on the regulation of stablecoins. He proposes that issuers of stablecoins might soon emerge as dominant players in the US Treasury bond space. In a CNBC interview, Hagerty highlighted the likelihood of these entities buying vast quantities of Treasury bonds … Read more
James Ding May 21, 2025 20:51 The Hong Kong government has passed a new Stablecoins Bill, setting up a licensing regime for fiat-referenced stablecoins issuers, aiming to strengthen financial stability and foster innovation. The Hong Kong government has successfully passed the Stablecoins Bill, a significant legislative move aimed at establishing a licensing regime for fiat-referenced … Read more