Bookmarking Crypto Insights
What is shilling in crypto? At its core, shilling is the act of artificially promoting a cryptocurrency or token, often with exaggerated claims, to increase its price or popularity. But what’s the goal? Hype it up, get others to buy in, and then cash out, leaving latecomers holding the bag. Shilling can come from anyone: … Read more
The Pakistani Ministry of Finance has announced a significant initiative to regulate digital assets in the country, unveiling plans for the establishment of the Pakistan Digital Assets Authority (PDAA). This dedicated body aims to oversee the blockchain-based financial infrastructure, ensuring compliance with Financial Action Task Force (FATF) standards while promoting economic inclusion and responsible adoption … Read more
The hacker behind the data breach targeting Coinbase users has mocked blockchain investigator ZachXBT with an onchain message following a major crypto swap. On May 21, the hacker who previously stole data from at least 69,400 Coinbase users used Ethereum transaction input data to write “L bozo,” followed by a meme video of NBA player … 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
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
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
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
World Assets, a subsidiary of the World Foundation, has sold $135 million in its WLD token to investors Andreessen Horowitz and Bain Capital Crypto. Funding to Support World Network Expansion World Assets, a subsidiary of the World Foundation, has announced the sale of $135 million worth of its native WLD token to prominent investors Andreessen … Read more
A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 billion on the decentralized exchange Hyperliquid, which has stunned the crypto community and is believed to be the first-ever position exceeding $1 billion on the platform. The X account “James Wynn” claims to be behind the position, which is now up … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency. IBIT’s May 21 net inflows hit $530.6 million, its biggest single-day net inflow since it took in $531.2 million on May 5, according to … Read more
