Category: Crypto Currency

Hong Kong’s legislature passed a stablecoin bill on Wednesday that establishes a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for upcoming stablecoin issuers. Under the new regime, any person who issues stablecoins in Hong Kong – or issues stablecoins backed by Hong Kong dollars, whether within or outside the city – must obtain a licence from the Hong Kong Monetary Authority (HKMA), according to a government press release….

US President Donald Trump is set to host a special dinner for the largest holders of his $TRUMP memecoin on May 22. President Trump is reportedly expected to dine with 220 holders of the “Official Trump” token at the Trump National Golf Club in Potomac Falls, Virginia. On the heels of the upcoming event, the…

Bitcoin surged past the $111,000 (roughly Rs. 95.09 lakh) mark on international exchanges over the past 24 hours. As of Thursday, May 22, it was trading at $111,593 (roughly Rs. 95.6 lakh), reflecting a gain of around four percent, according to CoinMarketCap. Indian exchanges also recorded a notable uptick, with Bitcoin rising by about five…

The US is currently prioritising a stablecoin-focused bill as part of its broader effort to establish a comprehensive regulatory framework for the crypto industry. Known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the proposed legislation seeks to introduce clear guidelines for the issuance and management of stablecoins—cryptocurrencies that are pegged…

Cetus Protocol, a decentralised crypto exchange and key liquidity provider on the Sui blockchain, said it lost approximately $223 million (roughly Rs. 1,910 crore) in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smart contracts had been paused “temporarily for safety” and that a full investigation…

HSBC Holdings on Thursday announced a blockchain-backed banking initiative in Hong Kong. The bank said its tokenised deposit service is now available to Hong Kong-based corporate clients. This is the first bank-led blockchain payment system to be introduced in the region. HSBC clients who hold corporate wallets will be able to process instant USD to…

Some of the biggest US banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday. The conversations have so far involved companies co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks, the report said, citing people familiar with the matter….

The UK government is set to tighten compliance mandates for crypto firms by deepening the regulatory governance over the sector. In new guidelines issued to improve tax compliance, crypto firms in the UK have been directed to collect user details including transaction data under the Crypto-Asset Reporting Framework (CARF). Paris-based Organisation for Economic Development (OECD)…

Bitcoin surged past a new all-time high (ATH) of over $111,500 (roughly Rs. 94.6 lakh) last week. As market momentum eased over the weekend, the cryptocurrency consolidated around the $109,000 (roughly Rs. 92.5 lakh) level. On Monday, May 26, Bitcoin posted a modest gain of 1.30 percent, trading at $109,612 (around Rs. 93 lakh) on…

Solana, a prominent name in the blockchain sector, has taken a step further towards integrating Web3 with hardware. Over the weekend, Solana and Swiss watchmaker Franck Muller announced the launch of a limited-edition Web3 enabled luxury watch, priced at CHF 20,000 (roughly Rs. 20.7 lakh). The launch marks the second time Solana has linked its…