Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
Bhutan has launched a crypto payment system to let users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards.
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
Ethereum's Pectra upgrade is live, which means that network validators can now stake 2,048 ETH tokens. This is a notable rise from the previous limit of 32 ETH tokens. This allows them to earn higher staking rewards and improve the overall experience of contributing to the network.
Tether said that its RWA tokenisation platform, dubbed Hadron, has been integrated with on-chain intelligence firm Chainalysis. Tether expects to attract institutional investors to engage with Hadron by upgrading its security capabilities.
The overall crypto market cap rose by 1.50 percent in the last 24 hours. Bitcoin and Ether saw small gains on Wednesday, May 7. Ripple, Chainlink, Avalanche logged minor profits. Tron and Polkadot, meanwhile, saw losses.
Emma Reynolds, the Economic Secretary of the Treasury, said that the UK was not looking to mirror the US in creating a national crypto stockpile. Reynolds did, however, say that the UK supported the US on increasing Web3-focussed collaborative efforts.
The Nairobi High Court has asked Sam Altman's World project to permanently delete its citizens' biometric data and said that the controversial human ID project failed to acquire valid consent from the Office of the Data Protection Commissioner (ODPC) before obtaining the eye scans of Kenyan citizens to give them their World IDs.
Dubai-based MBS crypto exchange is set to allocate $8.8 billion (roughly Rs. 74,164 crore) over a period of five years to grow the Web3 ecosystem in Maldives. The creation of the "Maldives International Financial Centre" is the focus point of Maldives' crypto-related masterplan, Financial Times claimed in its report.
The government of the Kyrgyz Republic signed a Memorandum of Understanding (MoU) with Binance on May 4 aiming at a long-term partnership. Sadyr Nurgozhoevich Japarov, the President of the land-locked central Asian country, was present for the MoU signing.
The overall crypto market dipped by 1.50 percent in the last 24 hours. On Monday, May 5, Bitcoin and Ether both registered small losses. Majority altcoins dropped in their prices as the Federal Open Market Committee (FOMC) gets set to assess US' economic status this week. Market is volatile and analysts advice caution to investors.
The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex are also listed to speak at the workshop, Chenoy told Gadgets 360.
The overall crypto market cap rose by nearly two percent in the last 24 hours. Bitcoin and Ether joined the rally on Friday. Cardano, Avalanche, and Chainlink also registered profits. Meanwhile, Tether and Monero recorded losses.
Visa has partnered with Bridge to let developers build on its platform offer stablecoin-linked Visa cards to their users. Both companies shared official announcements on the development on April 30. They said that the main aim of this deal is to introduce stablecoins as legitimate payment options for day-to-day purchases.
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
Crypto enthusiasts descended on Dubai on Wednesday for the TOKEN2049 conference, which is expected to attract around 15,000 people. Speakers at the two-day event in the desert city include chief executives at some of the world's major crypto firms, the head of digital assets at BlackRock and Goldman Sachs, as well as the US president's son, Eric Trump, who is set to take the stage on Thursday.
The overall crypto market cap clocked a loss of 0.26 percent in the last 24 hours. While Bitcoin saw a minor loss, Ether logged a small gain on Thursday, May 1. The majority of altcoins reflected price dips influenced by unfavourable US economic indicators. Analysts do, however, believe that the market sentiment is optimistic.
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
Mastercard has announced it will launch a a payment ecosystem allowing buyers and merchants to facilitate stablecoins transactions. In an official announcement released on April 28, Mastercard claimed that this system would be effective globally, covering over 150 million merchant locations.
Bitget and Avalanche have joined forces to contribute to India’s web3 infrastructure. As part of the partnership, the companies plan on initiating awareness campaigns and educational workshops on crypto safety and blockchain exploration throughout the year as part of the “HODL ON” tours.
In its “Asia Crypto Security” report, Binance highlighted some crucial patterns observed in the Asian crypto market. Its report has highlighted that the demand for advanced security measures is intensifying in Asia’s crypto markets – where investors are cautious and frequent in their engagements with volatile crypto assets.
US SEC Chair, Paul Atkins has said that the crypto sector deserves clear regulatory rules. He spoked at the SEC's crypto roundtable, which the Republican leadership launched to weigh how securities laws may apply to digital assets.
The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility, however, analysts say the market sentiment is bullish.
The Financial Intelligence Unit of India (FIU-IND) has instructed all crypto exchanges to re-verify the KYC data of their users before June 30. The aim of this step is to maintain accurate details of crypto holders, while also identifying those flouting national crypto tax laws.
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains.
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
PayPal will start offering rewards to the holders of its PYUSD stablecoin to boost its adoption and uses. Talking about the development, PayPal CEO said that the company aims to enable its customers to experience the utility scope of stablecoins.
Bitcoin’s market cap rose to $1.86 trillion (roughly Rs. 1,58,87,400 crore) on Wednesday, April 23. With this, Bitcoin became the fifth largest asset by market cap. At present, Google’s valuation stands at $1.859 trillion (roughly Rs. 1,58,80,690 crore), which is marginally lower than Bitcoin’s.
Malaysian Prime Minister Anwar Ibrahim met with Binance co-founder Changpeng Zhao on April 22. In his tweet, the Malaysian PM wrote that it is clear that government leadership is essential in driving blockchain adoption.
The overall crypto market cap surged by 6.95 percent over the last day. Bitcoin and Ether registered notable gains on Wednesday, April 23. Majority altcoins are trading in profits as US hints at plans to ease trade tensions with China.
With the CPN, Circle aims to offer a cross-border payment solution that is cost effective, swift, compliant, and transparent. It could be of help to global suppliers, small merchants, content creators, and remittance recipients.
Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). Atkins’ appointment as the SEC chair aligns with President Trump’s vision of transforming the US into the crypto capital of the planet.
The “Pectra” upgrade is aimed at improving Ethereum’s efficiency, stability, and usability. With Pectra, Ethereum users will be able to replace traditional private key-controlled accounts with programmable smart contracts for greater flexibility and security. This will notably advance Ethereum’s “account abstraction” features.
Binance’s India users have been directed to re-verify their Know-Your-Customer (KYC) details. This instruction will apply to both the new as well as the existing users of the exchange. The platform will be obtaining the PAN details of its users in India as part of this KYC refreshing process.
The crypto market cap rose by 1.70 percent in the last 24 hours. Bitcoin and Ether both registered gains on Monday, April 21. Ripple, Cardano, Avalanche, and Binance Coin reflected gains. Whereas Solana and Dogecoin registered losses on the price chart.
Polygon plans to shift its focus to stablecoins as part of its roadmap for 2025. The crypto firm's founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. He stated that stablecoins make the bridge that connects the worlds of crypto finance and traditional finance.
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years. it has predicted that US legislation on stablecoins would further legitimise the stablecoin industry.
The crypto market cap fell by 2.63 percent over the last day. Bitcoin and Ether, both registered losses on Wednesday. The majority of altcoins including Solana, Dogecoin, and Cardano tailed behind BTC and ETH towards the loss-making side of the price charts. Monero and Iota managed to retain miniscule gains.
Crypto exchanges Binance, KuCoin, and MEXC acknowledged that some of their services suffered issues owing to an Amazon Web Services (AWS) on Tuesday, March 15. The users of these exchanges panicked on social media after they could not access the services on these exchanges.
This week, Apple removed 14 crypto exchange apps from its App Store in South Korea for not being in compliance with the country’s licensing regime. KuCoin and MEXC are among the impacted apps. Unregistered crypto businesses lack government protection and can pose financial risks to the users – which is why South Korea believes in cutting access to these platforms via popular apps stores like Apple's App Store and Google Play Store.
Google is set to update its crypto-related advertisement policies to align with the MiCA regulations in the EU. It said only MiCA-registered crypto exchanges and wallets will be allowed to advertise their services and offerings through the search engine giant starting April 23.
Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.
The overall crypto market cap rose by 0.35 percent in the last 24 hours. Bitcoin and Ether, both registered small gains on Monday, April 14. Dogecoin, Tron, and Cardano also reflected minor profits on Gadgets 360’s price chart. However, the market still largely remains volatile.
In a major policy shift, President Trump has signed an executive order revoking the “DeFi Broker Rule,” a regulation introduced during the final months of former President Joe Biden’s term. Originally slated to take effect in 2026, the rule aimed to curb tax evasion by increasing oversight of cryptocurrency transactions.
The overall valuation of the crypto market dropped marginally by 0.85 percent over the last day. Bitcoin and Ether, both registered losses on the price charts on Friday, April 11. Tether, Ripple, Tron, and Cardano – all registered losses on Friday. Dogecoin, Cronos, and Zcash meanwhile, reflected small profits amid ongoing market volatility.
Mastercard has teamed up with Kraken to enable card-based crypto payments for day-to-day purchases. In the coming weeks, Kraken will be launching physical and digital debit cards to facilitate payments through crypto.
Natasha Cazenave, the Executive Director of the ESMA has highlighted that crypto assets still pose significant threats to financial stability despite the introduction of the MiCA regulation in the EU.
The overall crypto market cap fell by five percent over the last 24 hours. Bitcoin and Ether, both continued to trade in losses owing to the heated trade tensions between the US and other nations. Market analysts have strongly advised investors to be alert and vigilant as markets are expected to remain choppy for the next few days, or even weeks.
