Author: James Wilson
Indonesia’s digital ministry has frozen World Network’s local operating license after authorities found the project was operating under a registration belonging to a different legal entity. Indonesia’s Ministry of Communication and Digital — also known as Komdigi — has temporarily suspended the registration certificate of World Network, formerly Worldcoin, and WorldID services in Indonesia amid public complaints about suspicious activities related to the platforms. In a Sunday press release, Komdigi said it will summon PT. Terang Bulan Abadi and PT. Sandina Abadi Nusantara, two local companies linked to the operation of World Network and WorldID in Indonesia, as a measure…
Bybit is gearing up to offer more than just crypto, with plans to roll out U.S. stocks, commodities, and indices by the end of the current quarter. During a May 3 livestream, Bybit CEO Ben Zhou announced that the exchange plans to roll out trading for U.S. stocks, commodities like gold and oil, and stock indices by the end of the second quarter of 2025. Soon, Bybit users will be able to trade popular U.S. stocks like Apple, Microsoft, and MicroStrategy, alongside commodities and indices, all within Bybit’s existing system. These new products will connect with the platform’s current infrastructure,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XYZVerse is the first memecoin built for sports fans and crypto degens alike, blending decentralized betting perks with viral, community-driven hype. XYZVerse (XYZ) is the first all-sports memecoin designed to capture the momentum of crypto hype while tapping into the massive appeal of global sports fandom. Backed by a partnership with BookMaker, XYZ is a fully on-chain decentralized sportsbook with no bans or limits. XYZVerse gives holders access to exclusive perks like betting bonuses, weekly competitions, and ecosystem giveaways.…
The MANTRA protocol’s token, OM, has once again fallen below the $0.40 mark, raising concerns among traders as technical indicators suggest strong selling pressure. The MANTRA price dip follows weeks of volatility. MANTRA (OM) is down 6.2% in the past 24 hours and nearly 94% over the past month. After a strong Q1 performance, the Apr. 13 MANTRA token crash saw the token drop from around $6.30 to $0.37 in a matter of hours. The market capitalization of MANTRA fell from $6 billion to less than $700 million. The project attributed the collapse to forced liquidations that occurred during weekend…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As altcoin season heats up and Pepe’s momentum cools, Pepeto emerges as the next memecoin contender, blending viral appeal with real utility and a presale price too low to ignore. Altcoin season appears to be gaining momentum, with the Altcoin Season Index signaling that altcoins are starting to outperform Bitcoin. Meanwhile, the Fear and Greed Index remains in the fear zone, historically seen as an ideal window for accumulation before a potential market rebound. Pepe, the well-known frog-themed memecoin,…
Binance has partnered with Kyrgyzstan’s National Agency for Investments to implement crypto payment infrastructure and launch blockchain education programs. On May 4, during the inaugural meeting of the Council for the Development of Digital Assets, the Kyrgyz government reaffirmed its strategic partnership with Binance, building on the Memorandum of Understanding signed on April 3. “I was pleased to meet Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, in Cholpon-Ata. I’m grateful for the opportunity to discuss the development of blockchain technologies and digital assets in Kyrgyzstan. I’m confident that our cooperation will open new horizons not…
Despite its public shutdown, crypto mixer eXch appears to be still involved in laundering operations, with analysts identifying its mixed-pool model as a key risk for compliance. Crypto mixing service eXch, which gained a reputation for its involvement in laundering millions in stolen funds from Bybit, seems to remain active behind the scenes despite its public shutdown in late April. Analysts at a blockchain forensic firm TRM Labs explained in a recent report that eXch continues to provide application programming interface access to its business partners, including mixers and privacy services. TRM has observed on-chain activity that suggests ongoing laundering…
OKX will restart its decentralized exchange aggregator after nearly two months of downtime over suspected misuse by North Korea’s Lazarus Group. According to a May 5 X post from founder and CEO Star Xu, the relaunch of OKX Web3, the exchange’s self-custody wallet and DEX aggregator, comes with a real-time abuse detection system and upgraded onchain security tools designed to flag and block suspicious activity automatically. Xu described the service as a “browser and search engine for blockchain,” with the goal of enabling safer access to DeFi protocols. The restart follows a March 17 suspension of the aggregator after OKX…
Movement Labs’ native token, MOVE, is under more downward pressure in the run-up to its May 9 token unlock. 50 million Movement (MOVE) tokens, or 2% of the total supply, will be released into circulation on May 9, according to data from Tokenimist. At current prices, these tokens are valued at about $8.46 million. As of May 5, 7.55 billion MOVE tokens, or 75.5% of the total supply, are locked. The remaining 24.5%, or 2.45 billion MOVE, is already in circulation. The unlock comes at a time when the token is already under intense scrutiny and negative market sentiment. MOVE…
The archipelago nation of the Maldives has signed a multi-billion-dollar deal with Dubai’s MBS Global to build a blockchain and digital assets hub. On May 4, the Maldivian government and MBS Global Investments inked a joint venture agreement to develop a $8.8 billion crypto-focused financial centre in the capital city of Malé, according to a Financial Times report. The project, titled the Maldives International Financial Centre, will span 830,000 square meters, and initial estimates suggest it could eventually employ up to 16,000 people and host over 6,000 residents. Development would be rolled out in phases over the next five years…