Crypto News

Bakkt Holdings (BKKT) is bringing on Akshay Naheta as co-CEO and entering a strategic partnership with Naheta’s payments startup, Distributed Technologies Research (DTR), as the firm moves to unlock new revenue streams.Naheta, a former SoftBank executive with past investments in Nvidia and ARM, will officially join Bakkt’s leadership team from today. Alongside current CEO Andy Main, he’s expected to help steer the company deeper into blockchain-enabled payments. Naheta is also joining Bakkt’s board of directors.The centerpiece of the announcement is a planned integration of Bakkt’s trading and brokerage platform with DTR’s stablecoin-based payments infrastructure. DTR’s infrastructure, according to a press release, leverages a suite of APIs, blockchain technology, and a proprietary routing system to help reduce costs and complexity in...

Pakistan is set to legalize cryptocurrency and implement a regulatory framework to attract foreign investment, according to Bilal bin Saqib, the country’s newly appointed crypto advisor. With millions of Pakistanis already engaged in crypto, the government seeks to establish clear guidelines to support growth and innovation. Pakistan Moves to Regulate Cryptocurrency for Foreign Investment PakistanSource link

Bitcoin (BTC) and other major tokens lost more than 3% as Thursday’s rally was met with profit-taking during Asian morning hours Friday — in line with expectations.Overall crypto market capitalization fell 3.2% in the past 24 hours, with BTC sliding from $86,000 to under $84,000, ether (ETH) dropping below $2,000 and Solana's SOL falling 5%.XRP showed steady declines bringing Wednesday’s 10% spike to a 4.8% gain over a weekly basis, while BNB Chain’s BNB continued to edge higher, bringing weekly gains to over 8%. At press time, Tron’s TRX and TON were the only major tokens in the green, rising 2% each. TRX was floated on Solana for the first time ever on late Thursday in an attempt to expand...

The Australian Government announced an ambitious whole-of-government approach to regulating and integrating digital assets into the broader economy, inspired by work done in the European Union (EU) and Singapore.In a white paper published by the Australian Treasury, the country's government says it will embrace tokenization, real-world assets (RWAs), and central bank digital currencies (CBDCs) as part of a broader push to modernize its financial system.While ruling out a retail CBDC for now, the government sees a wholesale CBDC version and tokenized settlement infrastructure as key to unlocking market efficiency and broader asset access.The government says that the Australian Treasury, the Australian Securities and Investment Commission, as well as the Reserve Bank of Australia are planning to launch pilot trials that...

Coinbase is pushing the SEC to revamp crypto rules with 36 bold recommendations, demanding clarity, market reforms, and a future where the U.S. leads in digital assets. Coinbase Unveils 36 Recommendations to Reshape Crypto Regulation—Will the SEC Follow? Crypto exchange Coinbase (Nasdaq: COIN) has laid out a blueprint for digital asset regulation, stressing the importanceSource link