Key Points: Main event: Lee Jae-myung proposes won-based stablecoin plan. Potentially reduces reliance on foreign stablecoins. Addresses significant capital outflows from South Korea. Lee Jae-myung, South Korea’s Democratic Party leader and presidential candidate, proposed a stablecoin pegged to the Korean won on May 20, 2025. The plan aims to reinforce South Korea’s financial sovereignty by … Read more
The founder of the Ugandan blockchain and crypto education institution Mitroplus Labs was abducted by armed criminals posing as law enforcement. The criminals demanded $500,000 and access to the founder’s cryptocurrency wallets. Crypto Abduction Threat Spreads to Africa On May 17, Festo Ivaibi, founder of the Ugandan blockchain and crypto education institution Mitroplus Labs, became … Read more
Last week, a Trust Wallet user suffered a sudden overnight loss of his funds, as detailed in a recent report shared with BeInCrypto. When he contacted the wallet to find out what had happened, they informed him that he had unknowingly granted permissions to malicious websites or applications. Eve Lam, Chief Information Security Officer at … Read more
Key takeaways: Bitcoin is nearing a golden cross that led to 45–60% price rallies in the recent past. Fundamentals like rising M2 supply and easing trade tensions support a bullish outlook. Bearish divergence and overbought conditions show there’s still a risk of BTC falling below $100,000. Bitcoin (BTC) will likely confirm a “golden cross” on … Read more
Solana (SOL) is currently trading around $161.12, showing a daily low of 5.86%. While its price action signals potential, many investors are turning their eyes to Remittix, a project gaining momentum and predicted to deliver bigger returns in 2025. This article dives into Solana’s current market status and explores why Remittix could become a breakout … Read more
A recent data breach at crypto exchange Coinbase has raised concerns about user safety after hackers gained access to sensitive information, including home addresses. Coinbase, the world’s third-largest cryptocurrency exchange, confirmed that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in … Read more
Bitcoin (BTC) price created a local low of $104,480 today and is up 0.50%. Following BTC’s footsteps, Ethereum (ETH) and Dogecoin (DOGE) prices are up 1.48% and 0.86%, respectively, at the time of writing. The bullish momentum can be attributed to the passing of the GENIUS stablecoin act. The bill passed a key procedural vote (cloture) … Read more
Bittensor offers a decentralized AI crypto. TAO is trending and solid, racing 12X in two years after rallying from $30. With endorsement from Grayscale and a mega global AI market, is TAO one of the best cryptos to buy now? Research shows the global AI market could reach $2 trillion by 2030, growing at a … Read more
“Feels like ATH season”: Samson Mow Hundred of trillions of dollars Bitcoin warning from Mow Samson Mow, a rigorous Bitcoin advocate and CEO of the BTC-focused company JAN3, has addressed the crypto community, sharing his take on the current situation on the Bitcoin market. Mow believes that the world’s largest cryptocurrency, Bitcoin, has entered a … Read more
The Virtual Assets Regulatory Authority (VARA) in Dubai has announced the release of Version 2.0 of its activity-based Rulebooks. The updated Rulebooks enhance supervisory mechanisms for various regulated virtual asset activities, including advisory services, broker-dealer services, custody services, and exchange services, among others. Key updates include strengthened controls on margin trading and token distribution, clearer … Read more