Blockchain Financial News

blockchain technology and digital assets into the country's financial system. The development comes following the recent appointment of Bilal bin Saqib as Chief Advisor to the Finance Minister for the management of digital assets. The Pakistan Crypto Council (PCC) would regulate, promote, and incorporate blockchain and cryptocurrency innovations into Pakistan's economic framework. A statement from the Finance Division on Friday described the council's formation as a significant step in the country's efforts to adopt digital finance, positioning it as a key player in the global shift towards blockchain technology.

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MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoin — a type of cryptocurrency pegged to a fiat currency such as the dollar. A spokesperson for Binance declined to comment on which stablecoin the payment was made in.

crypto scandal that’s ensnared the president of one of South America’s biggest countries wasn’t the first time that members of the Davis family found themselves at the center of controversy. Long before Hayden Davis became famous for getting Argentine President Javier Milei to promote a memecoin, his father told tales of counterfeiting checks and assuming fake identities as a young man, eventually ending up in prison. Further up the family tree, the tales get even wilder: Hayden’s grandfather was murdered by followers of his great-grandfather, the head of a polygamist cult that practiced blood sacrifice. Hayden is the 28-year-old chief executive officer of Kelsier Ventures, an obscure investment firm which he runs with his brother Gideon, 25, and father Tom, 54. The company and Hayden’s memecoin Libra are at the heart of a scandal that’s rattled investors in Argentina after Milei promoted the token with the promise that it would raise money for small businesses in the nation.

cryptocurrency market, has seen extreme price swings. Following the launch of its Open Mainnet on February 20, the coin surged over 300%, hitting a post-listing high of $2.94 before falling 11.1% to $2.49. As of February 28, 2025, Pi Coin trades at around $2.69, with a 24-hour trading volume of $3.09 billion. In the Indian market, it equates to roughly ₹201.13 per PI (CoinGecko).

FanTV, an AI-powered content platform on the Sui blockchain, has secured an additional $3 million in strategic investment. This new funding, backed by Mysten Labs, Cypher Capital, CoinSwitch Ventures and Illuminati Capital, will fuel FanTV’s mission to revolutionize digital content creation with AI-driven tools.

cryptocurrency industry is emerging as a key driver in the nation's pursuit of a $7 trillion economy. With an expanding market, innovative startups, and a dynamic user base, crypto advocates are pushing for clear and supportive policies to reveal the full potential of digital currencies. By creating an environment that enhances transparency, reduces transaction costs, and builds investor confidence, cryptocurrencies are well-positioned to play a pivotal role in shaping India's digital economic future.

Subscribe to enjoy similar stories. In what is being described as the largest ever theft of cryptocurrency, Ethereum worth $1.5 billion was stolen by hackers from Dubai-based exchange Bybit last week. This exceeds the previous reported record of $620 million of Ethereum and USD Coin stolen from Ronin Network in 2022.

cryptocurrency exchange Bybit has successfully replenished its Ethereum (ETH) reserves after suffering a massive security breach last week that resulted in the theft of approximately $1.5 billion worth of Ether.

Bybit has found itself at the centre of a financial storm. Hackers made off with nearly $1.5 billion worth of Ethereum (ETH) from the platform’s cold wallet, triggering a mass panic among users. The fallout was immediate: over $4 billion in additional withdrawals followed, bringing the total outflow to a jaw-dropping $5.5 billion.

Pi Network has officially launched its Open Mainnet, marking a major milestone for the project after a two-year delay. This launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. Additionally, Pi Coin is now listed on major cryptocurrency exchanges such as OKX, Gate.io, Bitget, and CoinDCX, allowing it to be actively traded and valued in the open market.

Open Mainnet launch is set to go live on Thursday, marking a major shift toward decentralization in the cryptocurrency ecosystem. The launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. The launch has also fueled speculation over a potential Pi Coin listing on major exchanges like Binance and OKX. The excitement has already driven Pi Coin’s price up 106%, briefly pushing it past the $100 mark.

Subscribe to enjoy similar stories. Argentine President Javier Milei has been on the defensive after a cryptocurrency he endorsed on X saw its value crash, triggering fraud allegations and calls for impeachment by his political foes. The scandal is hitting the libertarian leader ahead of his trip Thursday to Washington to meet with Trump administration officials to win support for his economic reforms, including approval for an International Monetary Fund loan.

Crypto companies in Canada have found an unlikely ally — a bank owned by the Alberta government.

Wall Street Pepe ($WEPE) is making headlines with a viral presale that has already crossed the $60 million milestone. Budget with ETBudget m

Cryptocurrency exchange Kraken is reintroducing staking services for U.S. customers again.

Subscribe to enjoy similar stories. We have all read the thrilling story of the Wright brothers’ flight—the first time humans could fly in a powered, heavier-than-air machine. And they did it not just once, but four times in a single day, the last flight lasting almost a minute.

Elon Musk has initiated conversations about using blockchain technology at the new Department of Government Efficiency, according to people with knowledge of the discussions. It’s the latest sign of the Trump administration’s efforts to bolster the digital asset industry.