Author: Isabella Taylor

The United States Department of the Treasury has imposed sanctions on the Karen National Army, a Burmese militia group, accusing it of orchestrating large-scale crypto scams alongside other offences. The sanctions were announced on May 5 in a press release from the Treasury’s Office of Foreign Assets Control. The press release revealed that the KNA has been at the center of a complex network of sophisticated digital fraud schemes, including the notorious crypto “pig butchering” scams. In these scams, victims are typically lured online through dating apps and social media, where scammers initiate prolonged, increasingly intimate conversations. Once trust is…

Casper 2.0 has launched on the mainnnet, with the goal to power decentralized applications for real-world assets. The race for dominance in the real-world asset space is heating up. On Tuesday, May 6, the Casper Association announced the launch of Casper 2.0 on the mainnet. The goal is to establish a platform tailored for RWA applications, one of the most promising use cases for blockchain technology. Matt Schaffnit, CEO of the Casper Association, said the upgrade aims to provide a developer- and business-friendly environment to accelerate RWA adoption. “With instant, deterministic finality, native upgradability, and built-in access control, we’re enabling…

21Shares has launched a new exchange-traded product offering investors regulated exposure to the Cronos blockchain and its native CRO token. The ETP is listed on Euronext Paris and Amsterdam under the ticker CRON. It carries a 2.5% management fee and is designed to simplify access to emerging Web3 infrastructure, according to a release on the matter. Cronos (CRO) is a Layer 1 blockchain built to support decentralized finance, NFTs, and AI-integrated Web3 applications.  Crypto.com Interoperable with both Ethereum and Cosmos, the network aims to bridge centralized and decentralized ecosystems.  It is developed with support from Crypto.com, which remains a key…

Dow Jones Industrial Average and the S&P 500 opened lower as U.S. stocks slipped again on Tuesday, May 6 amid ongoing tariff uncertainty. S&P 500 slid 0.8%, while Dow Jones Industrial Average futures dropped more than 300 points, or roughly 0.6%. Meanwhile, the Nasdaq Composite shed over 1.1% to lead the early losses for stocks, after a notable dump for futures. The shares of Nvidia, Meta Platforms and Tesla all opened more than 1% lower. Also down after premarket struggles were shares of Goldman Sachs, Lucid and Palantir. The lackluster performance comes as the market awaits the Federal Reserve meeting,…

RedStone has teamed up with Securitize to launch the first onchain price feed for Blockchain Capital’s $BCAP token on ZKsync Era.  The $BCAP feed represents a key milestone in the rapid growth of RWAs, a sector that has grown over 500% in the last year and now exceeds $20 billion in value, according to a company note shared with crypto.news. Despite this growth, tokenized assets have remained largely siloed from DeFi due to a lack of secure, real-time price feeds needed for lending, collateralization, and other use cases. RedStone (RED), the official oracle provider for Securitize, addresses this gap with…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin approaches all-time highs as WinnerMining promotes cloud mining as a low-cost entry point for new investors. Bitcoin (BTC) continued its steady upward momentum over the weekend, holding key support levels and approaching important resistance levels. According to 24-hour trading data, the cryptocurrency maintained an upward trend of 1.42%, with the price reaching $95,275.85. Bitcoin has hit an important resistance level of $95,490.92 and has not lost its position. Investors expect it to continue to rise and set new…

A high-profile House hearing on crypto regulation got testy Tuesday after House Democrats, led by Rep. Maxine Waters walked out in protest over President Donald Trump’s involvement in crypto. The joint hearing — organized by the House Financial Services and Agriculture Committees — was meant to discuss a new draft of market structure legislation that would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission.  But, for a moment, the debate on regulatory frameworks was interrupted and marked by political tension. Waters, the ranking Democrat on the Financial Services Committee, formally objected…

XOCIETY, a pop shooter with role-play gaming progression powered by Sui, is set to team up with German sportswear giant Adidas. XOCIETY announced on May 6 that its partnership with Adidas will introduce exclusive ALTS by Adidas content on the gaming platform. The Sui (SUI)-powered XOCIETY, which is backed by prominent investors including Hashed, Spartan, and KRAFTON, plans to leverage the partnership to enhance digital identity and gameplay interactions across its ecosystem.  ALTS by Adidas is an avatar-focused non-fungible token collection that features 20,066 unique digital avatars the company released in March 2023. The company has had notable crypto related…

Hedera Hashgraph’s token extended its decline on Tuesday as both crypto and stock investors stayed on the sidelines ahead of the upcoming Federal Reserve announcement. Hedera Hashgraph (HBAR) price dropped for four consecutive days, reaching its lowest level since April 22. It has dropped by 15% from its highest point last week.  HBAR dropped as most cryptocurrencies pulled back, with their market cap dropping from over $3 trillion last week to $2.9 trillion today. Top American indices like the Dow Jones and the S&P 500 dropped by over 0.50%. This price action reflects caution from market participants ahead of the…

The Camino Network Foundation has collaborated with Lufthansa Systems and Swiss International Air Lines have teamed up to develop innovative blockchain solutions for the travel industry. The Camino Network Foundation, airline industry information technology provider Lufthansa Systems and Switzerland’s national carrier helped this goal with a web3-focused hackathon in Frankfurt.  Per an announcement shared with crypto.news, the event brought together experts who leveraged blockchain and artificial intelligence to develop solutions targeted as efficiency, cost-effectiveness and sustainability for the travel industry. Teams from 13 different travel and tech companies spent 48 hours working on practical, ready-to-use solutions. Participants at the hackathon…