Filipino Cardinal Luis Antonio Tagle is currently a favored candidate to become the next pope on the cryptocurrency-based prediction platform Polymarket. Prediction Market Although Pope Francis only recently died on April 20, 2025, the prediction market for selecting the next pope has been active since February 25, at 8 a.m. …
Read More »New PH SEC Draft Guideline Allows Some Firms Skip Crypto Asset Service Provider Registration, Opens Stratbox
More than two months since the Securities and Exchange Commission (SEC) first released the draft of its own Crypto-Asset Service Provider (CASP) rules, the Commission recently unveiled its second draft, which notably added a rule on exemption from registration and removed marketing regulations. Registration Exception In the prior draft, there …
Read More »How Trump’s Tariffs Are Shaking Up Crypto, Bonds, and Bitcoin’s Role as a Safe Haven
On April 5, 2025, U.S. President Donald Trump imposed at least a 10% tariff on other countries, with some slapped at higher rates, including the European Union at 20%, Japan at 24%, and China at 34%. This raised global recession fears that caused investors to sell off risk assets, leading …
Read More »US DOJ Says “AI” Shopping App Was Run by Humans in the Philippines
A 35-year-old chief executive officer (CEO) and founder of an online shopping application has been charged with fraud by the U.S. Department of Justice (DOJ) after making false claims that the shopping app was powered by artificial intelligence (AI) agents. But in reality, the agents were not AI but call …
Read More »Huwag Dito! List of Countries Where Worldcoin is Banned or Investigated
Because of its method of iris-scanning activities to verify if its user is a true human and not a bot, blockchain project World (formerly Worldcoin) is currently facing privacy concerns. Worldcoin Update in Manila And now, World’s iris-scanning verification process is already in the country, with an official rollout in …
Read More »OKX, Standard Chartered Launch Collateral Mirroring Program For Crypto For Institutions
Offering blockchain-based assets to traditional investors, crypto exchange OKX and multinational bank Standard Chartered launched a joint collateral mirroring program, which allows their clients to utilize crypto and tokenized money market funds as off-exchange collateral for trading. The program is currently in a pilot test under Dubai Virtual Asset Regulatory …
Read More »Solana Co-Founder Says There’s No Need for L2s: “L1s Can Be Faster, Cheaper, and More Secure”
“There is no reason to build an L2. L1s can be faster, cheaper, and more secure.” That was the response from Solana co-founder Anatoly Yakovenko after X user @ripdoteth claimed that layer-two networks can be faster, cheaper and more secure, and are just being slowed down by layer-one networks. “They …
Read More »Soneium Clarifies Collaboration with LY Corp. Japan Amid LINE Partnership Confusion
Following a recent announcement implying a partnership between Soneium and LINE to integrate mini-apps onto the Soneium blockchain, Soneium issued a clarification stating that while no formal agreement exists with the subsidiary LINE NEXT, there is an active collaboration with LY Corp. through its LY HQ in Japan. Soneium Clarifies …
Read More »Quick Take: Nearly $900M Crypto Liquidations Amid Global Market Turmoil
The crypto market saw massive liquidations of approximately $888 million (₱51.5 billion) over the past 24 hours. Bitcoin (BTC) led with $308.64 million liquidated, followed by Ethereum (ETH) at $258.12 million. Major altcoins like Solana (SOL) and XRP also saw significant liquidations of $44.18 million and $29.12 million. The global …
Read More »Crypto News You May Have Missed This Week | April 5, 2025
From multiple NFT marketplaces shutting down to crypto hacks, here’s a roundup of the top crypto stories you may have missed. Illinois Drops Lawsuit Against Coinbase Illinois has dropped its lawsuit against Coinbase regarding the exchange’s staking services, making it the fourth state to do so in recent weeks. Vermont, …
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