Crypto-news

Real-world asset (RWA) tokenization is gaining momentum in the United Arab Emirates (UAE) as industry players position themselves to meet increasing demand for blockchain-based asset trading. RWA tokenization involves minting financial and other tangible assets into blockchain-based tokens, increasing accessibility and liquidity for traditionally illiquid assets. On Feb. 3, onchain RWAs rose to a cumulative all-time high of…

A subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has become a validator for layer-1 blockchain Injective. Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, according to the Feb. 27 blog post from Injective. Eric Chen, CEO of Injective, said the blockchain is…

The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister Muhammad Aurangzeb had a meeting on digital assets with a foreign delegation that included US President Donald Trump’s advisers. According…

Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The approval marks…

Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date, eclipsing the $332 million it lost on Jan. 2. The massive outflow follows a record…

Gearbox Protocol, the “credit layer” for DeFi, aims to emulate the mass adoption success of credit cards by introducing wallet-native, real-world credit to the DeFi ecosystem. The decentralized finance (DeFi) space has seen steady growth over the past few years, yet it remains a niche within the larger cryptocurrency landscape. While onchain newcomers often enter…