Donald Trump Signs Executive Order to Evaluate Strategic National Digital Assets Stockpile

President Donald Trump signed an executive order to establish the Presidential Working Group on Digital Asset Markets on Thursday, according to reporting by Fox Business, opening the door to a potential “strategic national digital asset stockpile.” David Sacks, White House A.I. and crypto czar will lead the group, which will include key figures such as … Read more

Phemex Hacked: Over $29 Million Stolen Across Multiple Blockchains

Blockchain security firm Cyvers said its systems detected multiple suspicious transactions involving Phemex’s hot wallets across several chains. Cyvers estimated that digital assets worth more than $29 million were transferred by suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ARB. In its Jan. 23 alert, the security firm noted that the suspicious … Read more

Taiwan to Unveil Draft Bill Allowing Banks to Issue Stablecoins

The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins. Joint Management of Stablecoins The Taiwanese Financial Supervisory Commission (FSC) is set to unveil a draft bill for virtual asset service providers (VASPs) in June. According to a … Read more