• Regulation

    Crypto Goes West: California to Legalize Digital Asset Payments

    California is getting closer to accepting cryptocurrency after a new bill passed through the state’s lower house with full support on its way to the Senate for approval. The state’s financial entity, the DFPI (Department of Financial Protection and Innovation), will be in charge of making sure people and businesses using crypto follow the rules. Anyone doing crypto-related business in California will need to get a license from the DFPI. If the bill passes the Senate and is signed by Governor Gavin Newsom, it will become law starting July 1, 2026. A pilot program would run until January 1, 2031,…

  • Cryptocurrency

    PSG Becomes First Football Club to Hold a Bitcoin Reserve

    Paris Saint-Germain, the UEFA Champions League winner, has officially added Bitcoin to its balance sheet, becoming the first football team to hold a Bitcoin reserve. Par Helgosson, head of PSG Labs, confirmed that the club converted part of its fiat reserves into Bitcoin.“We took our fiat reserves and allocated it to Bitcoin. It’s still on our books,” he said. “As one of the world’s largest clubs, we’re the biggest player in sports to do this.” This move marks a major milestone in the growing connection between cryptocurrency and professional sports. Helgosson also emphasized that the club’s plans go far beyond…

  • Cryptocurrency

    Air Arabia Accepts Crypto, Florida Eyes Tax Breaks, and Pakistan Bets Big on Bitcoin

    Welcome to your weekly news recap, your go-to source for the biggest stories and developments that shaped the past 7 days. Whether you’ve been too busy to keep up or just want a quick, reliable summary, we’ve got you covered. Here’s everything you need to know: This week’s crypto news reflects a growing clash between innovation and vulnerability. As governments embrace Bitcoin reserves and airlines accept digital payments, the space is also battling hacks, scams, and ransom threats. Crypto is clearly entering the mainstream, but the question remains; can the industry scale securely while keeping its decentralized roots intact?

  • Cryptocurrency - Stablecoin

    Circle freezes $58M in USDC linked to Libra token scandal

    The Libra memecoin scandal has been going on since the beginning of this year.  In a significant development stemming from the scandal, stablecoin issuer Circle blockchain has “frozen” two Solana-based wallets. The wallets containing nearly $58 million in USDC, are reportedly linked to the team at the center of a political storm in Argentina. According to data from Solana block explorer Solscan, the “frozen wallets” hold $44.59 million and $13.06 million in USDC, a U.S. dollar-pegged stablecoin issued by Circle.  Political Scandal  Libra meme coin had a controversial launch earlier this year .  The token gained notoriety after being associated…

  • Bitcoin

    Thanks to America: Pakistan is moving toward a strategic Bitcoin reserve

    Pakistan announced that it will establish a strategic Bitcoin reserve as part of the country’s new vision for the cryptocurrency industry. On Wednesday, Bilal Bin Saqib, Special Assistant to the Pakistani Prime Minister on Blockchain and Cryptocurrency, stated at the Bitcoin 2025 conference that the government will hold BTC in a national wallet and “never ever” sell them. “We’re grateful to the U.S. for being a source of inspiration,” Saqib said, referencing President Donald Trump’s Executive Order in March to create a strategic Bitcoin reserve. In addition, the Pakistan Crypto Council, that is supported by the government, signed a deal…

  • Cryptocurrency

    From Ethereum to Solana: MetaMask Leads the Multi-Chain Shift

    MetaMask’s latest browser extension introduces a major feature that could finally end the long-standing hassle of managing wallets across multiple blockchains. The update brings native support for Solana, allowing users to manage both Ethereum and Solana accounts in one place. This integration will also be available on the mobile app soon, delivering a smooth multi-chain experience on the go. Now, MetaMask’s users can create a new Solana account or add one they already have. The wallet will show Solana tokens automatically, so there’s no need to do anything extra. They can also buy Solana tokens directly from the wallet at…

  • Bitcoin

    El Salvador Defies IMF Again With A New Bitcoin Purchase

    El Salvador bought eight more bitcoins on Tuesday, even though the International Monetary Fund (IMF) had again asked the country to stop using government money to buy crypto as part of a $1.4 billion loan agreement. The purchase was shared by El Salvador’s Bitcoin Office. It happened just after the IMF and the government agreed on the first review of their 40-month loan deal, which focuses on fixing the economy. The IMF said El Salvador has done well by meeting most goals and improving its economic situation. In addition to the $1.4 billion loan from the IMF, the larger agreement…

  • Cryptocurrency

    Trump Media to raise $3 billion to invest in crypto

    Financial Times reports that Truth Social, part of  Trump Media & Technology Group (TMTG) aims to raise $3 billion to invest in cryptocurrency assets.  The company is reportedly planning to raise $2 billion in new equity and another $1 billion through a convertible bond. The final terms, timing, and size of the capital raise could still change, according to the report.  The planned capital raise may be officially announced ahead of a major crypto investor conference scheduled this week, where Vice President JD Vance and Trump’s sons, Donald Jr. and Eric Trump, are expected to deliver speeches. However, in response…

  • Bitcoin

    Pakistan’s 2,000 MW Crypto Bet: Can Saqib Deliver the Future?

    Pakistan’s Prime Minister, Shehbaz Sharif, has appointed Crypto Council CEO Bilal Bin Saqib as Special Assistant to the PM on Blockchain and Crypto, granting him the status of a Minister of State. On Sunday, Pakistan announced that it will use 2,000 megawatts of surplus electricity to power Bitcoin mining and AI data centers. This marks a major step in the country’s push toward digital growth. The goal is to attract foreign investment and position Pakistan as a serious player in the global tech economy, placing this responsibility on Saqib’s shoulders. Who is Saqib? Saqib has a very impressive background, which…

  • Bitcoin

    “Rich Dad Poor Dad” Author believes Bitcoin is the path to wealth

    Robert Kiyosaki, the renowned author of one of the best-selling finance self-help books of all time “Rich Dad Poor Dad” (1997) urges people to invest in Bitcoin, the most famous cryptocurrency.  Posting on X, he said it’s the “easiest time in history to become rich”, by investing in Bitcoin.  A constant critic of fiat currency, Kiyosaki frequently cites Bitcoin, gold, and silver as critical tools for preserving wealth in times of economic instability.  He posted on X on Sunday, “Why everyone is not buying and holding Bitcoin is beyond me.”  A Volatile Yet Expanding Asset? At the time he posted…