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New York Mayor Adams Launches Crypto Council to Fast-Track Bitcoin Hub
On May 20, New York (NY) Mayor Eric Adams announced the formation of a digital assets advisory council to position the city as a global hub for cryptocurrency and blockchain innovation. The initiative was unveiled at the first NY Crypto... -
Ripple Debuts XRP-Based Cross-Border Payments in UAE
On May 19, Ripple announced the launch of “Ripple Payments” in the United Arab Emirates (UAE). This service lets Zand Bank (the country’s first all-digital bank) and Dubai-based fintech Mamo send and settle cross-border transfers in seconds using fiat, XRP,... -
Coinbase Data Breach Leads to $2M Crypto Theft via Phishing Scam
On May 17, a report emerged that scammers posing as Coinbase security staff drained 17.5 BTC and 225 ETH, valued at more than $2 million, from Los Angeles artist Ed Suman after exploiting customer data leaked in Coinbase’s recent support-desk... -
Lightchain Protocol AI Launches $150K Developer Grant Program to Boost Decentralized AI Innovation
Lightchain Protocol AI, an Ethereum-compatible Layer-1 blockchain designed specifically for decentralized artificial intelligence, has officially launched its Developer Grant Program. The initiative aims to attract experienced developers, innovative startups, and ecosystem builders by offering grants ranging from $25,000 to $150,000.... -
Brazil’s Méliuz Allocates $28M to Bitcoin Treasury as Shares Climb 116%
On May 15, Brazilian fintech Méliuz (CASH3.SA) acquired 274.52 Bitcoin at an average price of $103,604, costing the firm $28.4 million. The May 15 purchase, approved during an extraordinary shareholders’ meeting, formally established Méliuz as the first publicly listed company... -
European Police Arrest 17 in €21M ‘Mafia Crypto Bank’ Tied to China and Middle East
Europol and Spanish police took down a massive "mafia crypto bank" on May 14. The criminal network laundered over €21 million ($23.5 million) in cryptocurrency. Chinese and Middle Eastern crime groups used their services. Seizure of €421,000 from 77 Bank... -
Xpeng Motors Partners with Plugsurfing for EV Charging in Europe
Chinese electric vehicle (EV) company Xpeng Motors has partnered with Plugsurfing for charging infrastructure in Europe. The company has been looking to expand its sales in the continent, which has among the highest EV penetration rates globally, and the partnership... -
$3B in Dubai Real Estate Goes On-Chain as $MBG Token Set to Launch
MultiBank Group is taking a bold step into the future of digital finance with the tokenization of $3 billion worth of premium UAE real estate. Partnering with MAG, a top-tier developer, and Mavryk, a blockchain infrastructure firm, MultiBank is turning... -
Xinbi Exposed: How a Colorado-Registered Firm Laundered $8.4B in Crypto for Criminals
On May 13, blockchain analytics firm Elliptic exposed Xinbi Guarantee, a Chinese-language Telegram marketplace, for laundering at least $8.4 billion in stablecoins and other crypto assets. Registered legally as Xinbi Co. Ltd in Colorado, the platform serves 233,000 users, many... -
Dubai Enters Agreement with Crypto.com to Power Government Crypto Payment Channel
On May 12, Dubai’s Department of Finance signed a Memorandum of Understanding (MoU) with Crypto.com to process all government service fees in cryptocurrency. This agreement was formalized at the Dubai Fintech Summit. Residents and companies will soon settle licence renewals,...
