Pakistani finance minister says crypto will never be legal because of FATF
News

Pakistani finance minister says crypto will never be legal because of FATF

Pakistan will ban cryptocurrency services operating in the country and never legalize crypto trading, Minister of State for Finance Aisha Ghaus Pasha said at a session of the Senate Standing Committee on Finance and Revenue on May 16, according to multiple local media reports. Other officials, including State Bank of Pakistan director Sohail Jawad, spoke in favor of the decision. …

Continue Reading

South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
News

South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials

South Korean Prime Minister Han Deok-soo is calling for the disclosure and registration of cryptocurrency assets by high-ranking public officials, a local news outlet has reported.  In a press conference held at the Sejong Government Complex on May 17, the Prime Minister reportedly emphasized the importance of including crypto assets in the property registration of high-ranking public officials. According to…

Continue Reading

DRC20 Tokens Take Dogecoin Community by Storm, Driving Record-Breaking Daily Transactions on the Network
News

DRC20 Tokens Take Dogecoin Community by Storm, Driving Record-Breaking Daily Transactions on the Network

With the BRC20 token economy maintaining a market capitalization of nearly $500 million, the introduction of the DRC20 token standard has sparked a flurry of excitement within the Dogecoin community. The emerging token type has ignited a surge of activity, leading to a substantial increase in daily transactions on the Dogecoin blockchain. Specifically, on Wednesday, May 17, 2023, the network…

Continue Reading

US Secret Service has an NFT collection: Nifty Newsletter, May 10–16
News

US Secret Service has an NFT collection: Nifty Newsletter, May 10–16

In this week’s newsletter, read about the United States Secret Service’s nonfungible token (NFT) collection, and how Elon Musk’s tweet caused a surge in an NFT collection’s floor price. Check out how someone tried to sell an image for Bitcoin (BTC) months before the infamous Bitcoin Pizza Day, and learn about LG’s new patent for an NFT-trading TV. And don’t…

Continue Reading

Meet Kim Asendorf: The Metallica Video Director Who Makes NFT Art Designed to Hypnotize
News

Meet Kim Asendorf: The Metallica Video Director Who Makes NFT Art Designed to Hypnotize

Fresh off of co-directing Metallica’s “Chasing Light” music video, which featured his artwork, digital expressionist and internet art native Kim Asendorf has revealed his latest NFT drop. Curated by Peggy Schoenegge for the Feral File platform, Asendorf’s “Colors of Noise” is a series of 50 unique artworks minted on Ethereum, of which 47 pieces will go on sale on Thursday,…

Continue Reading

Uniswap will deploy on Polkadot parachain Moonbeam
News

Uniswap will deploy on Polkadot parachain Moonbeam

The Uniswap crypto exchange will soon be available on Moonbeam (GLMR), a parachain of Polkadot (DOT), according to a May 17 approved proposal on the exchange’s governance forum. The proposal was put forward by educational group Blockchain at Michigan. It passed with near unanimous support, with only a single UNI token being used to vote against it. 1/ @Uniswap –…

Continue Reading

LayerZero partners with Immunefi to launch $15M bug bounty
News

LayerZero partners with Immunefi to launch $15M bug bounty

Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program.  The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According to its terms and conditions, rewards are based on Immunefi Vulnerability Severity Classification System and paid according to vulnerability impact.  LayerZero…

Continue Reading

Crypto.com adds Pay support for MATIC, USDC and DAI
News

Crypto.com adds Pay support for MATIC, USDC and DAI

Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens.  In a blog post published on May 16, the company announced the addition of Polygon (MATIC), USD Coin (USDC), and Dai (DAI) to Crypto.com Pay, a fiat-to-crypto on-ramp service enabling the purchase of cryptocurrency via…

Continue Reading