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20 May 2026, 15:52
EU Reopens MiCA, Tether Takes Twenty One, Fairshake Wins 6 Southern Primaries
Crypto News The European Commission opened a formal review of the Markets in Crypto-Assets Regulation on Wednesday, soliciting public and industry feedback on whether the bloc's landmark blockchain...
20 May 2026, 15:31
Drift says Insurance Fund deposits remain safe after exploit backlash
Drift Protocol says Insurance Fund deposits were not impacted by the exploit and can still be withdrawn after relaunch.
20 May 2026, 15:31
Kraken and Coinbase User Loses $6.7M in Crypto Theft as Funds Move Through Tornado Cash
A crypto user has lost around $6.7 million in digital assets after attackers drained funds from accounts linked to both Kraken and Coinbase. The incident, highlighted by Wu Blockchain, showed large withdrawals of ETH, BTC, and cbBTC from the victim’s exchange accounts. Visit Website
20 May 2026, 15:25
Raoul Pal: AI and Crypto Reshaping Global Economy at Unprecedented Speed
BitcoinWorld Raoul Pal: AI and Crypto Reshaping Global Economy at Unprecedented Speed Prominent macro investor and Real Vision CEO Raoul Pal has stated that artificial intelligence (AI) and cryptocurrency are reshaping the global economy at a pace far exceeding public expectations. In comments reported by CoinDesk, Pal argued that humanity is entering what he calls an ‘exponential age,’ where finance, labor, and culture are being fundamentally transformed by AI, crypto, and tokenization. Blockchain as the Ownership Layer Pal described cryptocurrency as the ownership layer of the future economy. He asserted that this technology offers individuals a rare opportunity to get ahead of Wall Street by owning blockchain infrastructure before institutional investors become fully involved. According to Pal, this is the first time in history that owning such an infrastructure layer has been possible for everyday investors. Tokenization and Financial Inclusion Beyond individual investment opportunities, Pal emphasized that tokenization and blockchain technology are expanding access to financial markets for people who were previously excluded. This shift, he noted, is creating a more level playing field for users around the world. By lowering barriers to entry, blockchain-based systems could democratize access to capital and investment tools that were once reserved for the wealthy or well-connected. Why This Matters Now The convergence of AI and crypto is not a distant possibility but an ongoing reality. Pal’s perspective carries weight given his track record as a macro investor and founder of Real Vision, a platform that provides financial analysis and insights. His comments underscore a growing consensus among industry leaders that the pace of technological change is accelerating, and that traditional financial systems may struggle to keep up. Conclusion Raoul Pal’s analysis highlights a critical inflection point in the global economy. As AI and blockchain technologies mature, their combined impact on finance, labor, and culture is likely to intensify. For investors and the general public alike, understanding these shifts may be essential for navigating the years ahead. FAQs Q1: What did Raoul Pal say about AI and crypto? Pal stated that AI and cryptocurrency are reshaping the global economy faster than most people realize, and that we are entering an ‘exponential age’ of transformation. Q2: Why does Pal call cryptocurrency the ‘ownership layer’ of the future economy? He believes blockchain infrastructure represents a foundational layer of the future financial system, and that owning it early offers a unique advantage over traditional Wall Street investors. Q3: How does tokenization help financial inclusion according to Pal? Tokenization lowers barriers to entry, allowing people previously excluded from traditional financial markets to participate in a more open and accessible global economy. This post Raoul Pal: AI and Crypto Reshaping Global Economy at Unprecedented Speed first appeared on BitcoinWorld .
20 May 2026, 15:00
Plume secures Class M digital asset license from Bermuda regulator
BitcoinWorld Plume secures Class M digital asset license from Bermuda regulator Plume, a blockchain platform focused on real-world asset (RWA) tokenization, has secured a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA). The company announced the regulatory milestone on Tuesday, positioning itself among a growing list of digital asset firms that have chosen Bermuda as a regulated base of operations. What the license means for Plume The Class M license allows Plume to conduct digital asset business activities under Bermuda’s comprehensive regulatory framework, which was established under the Digital Asset Business Act 2018. The BMA is widely recognized as a stringent yet innovation-friendly regulator, making the jurisdiction a preferred destination for crypto companies seeking legitimacy without the ambiguity found in other markets. Plume plans to leverage the license to launch a new on-chain fund vault, also regulated by the BMA, in the coming weeks. The vault is expected to offer institutional and accredited investors a compliant way to access tokenized real-world assets, such as private credit, real estate, and commodities. Bermuda’s growing appeal for crypto firms Bermuda has steadily built a reputation as a serious regulatory hub for digital assets. Major industry players including Coinbase, Circle, and Kraken have previously obtained Class M licenses from the BMA. The jurisdiction’s clear rules, combined with its proximity to the United States and established financial services infrastructure, make it an attractive alternative to jurisdictions with uncertain or fragmented crypto regulations. For Plume, the license represents more than a compliance checkbox. It signals to partners and investors that the platform is operating within a recognized legal framework, which is increasingly important as regulators worldwide tighten oversight of the crypto sector. Why this matters for the RWA sector The tokenization of real-world assets is one of the fastest-growing segments in blockchain, with major financial institutions exploring the technology. However, regulatory clarity has remained a bottleneck for broader adoption. Plume’s move into a regulated environment could set a precedent for other RWA-focused projects, demonstrating that compliance and innovation can coexist. Industry observers note that the BMA’s approach—requiring robust anti-money laundering controls, capital reserves, and regular reporting—provides a template that other jurisdictions may follow. If Plume’s regulated vault gains traction, it could accelerate institutional interest in tokenized assets. Conclusion Plume’s Class M license from the Bermuda Monetary Authority marks a significant step for the RWA blockchain sector, adding regulatory credibility to a rapidly evolving market. With a compliant on-chain fund vault on the horizon, the company is positioning itself at the intersection of decentralized finance and traditional financial regulation. The move aligns with a broader industry trend toward licensed, transparent digital asset operations. FAQs Q1: What is a Class M Digital Asset Business License in Bermuda? A Class M license is a regulatory authorization issued by the Bermuda Monetary Authority under the Digital Asset Business Act 2018. It allows companies to conduct digital asset activities such as custody, trading, and issuance while complying with AML, capital, and reporting requirements. Q2: Why did Plume choose Bermuda over other jurisdictions? Bermuda offers a clear and established regulatory framework for digital assets, with a track record of licensing major firms like Coinbase and Circle. Its proximity to the U.S., strong financial infrastructure, and innovation-friendly stance make it a preferred hub for regulated crypto operations. Q3: What is an on-chain fund vault? An on-chain fund vault is a blockchain-based investment vehicle that holds tokenized assets. It operates under smart contract rules and regulatory oversight, allowing investors to access assets like private credit or real estate in a transparent, compliant manner. This post Plume secures Class M digital asset license from Bermuda regulator first appeared on BitcoinWorld .
20 May 2026, 14:58
Ireland recovers fresh $38.7M Bitcoin wallet linked to drug case
Irish authorities recovered a fresh second bitcoin wallet tied to a convicted drug trafficker. It is expected that the wallet will unlock 500 BTC (approx worth about $38.7 million) linked to a case once thought trapped behind lost private keys. Ireland’s Criminal Assets Bureau (CAB) carried out the recovery with support from Europol. This adds to similar seizures seen in March. However, it raises new questions about whether some “lost” crypto wallets are no longer beyond reach. 500 Bitcoin leaves wallet Blockchain analytics firm Arkham Intelligence highlighted that the funds were moved on Monday after sitting untouched for about a decade. Bitcoin held in the wallet was later transferred to Wintermute. This suggests that a sell-off might be next. The transfer comes after another 500 BTC recovery reported earlier this year. Back in March, Irish authorities moved the retrieved Bitcoin linked to the same case into Coinbase Custody. The funds trace back to Clifton Collins. He is a former Dublin beekeeper who was convicted of cannabis trafficking. Authorities say Collins used the money made from cannabis sales to buy Bitcoin in late 2011 and early 2012. At that time, BTC was trading under or merely over $10. Bitcoin is trading at an average price of $77,330 at the press time. The original crypto went to hit over $126K back in October 2025. Europol helps recover ‘Lost’ Bitcoin wallet Collins reportedly split his holdings across 12 wallets and printed the private keys on paper. He stored them inside a fishing rod case at a rented property in County Galway. After his arrest in 2017, the case disappeared. The convict told investigators that the keys had been stolen in a break-in. It is being reported that the property may instead have been cleared out after his arrest. However, for years, authorities could see the bitcoin on-chain but were unable to access it. The CAB reportedly stated that Europol’s European Cybercrime Centre helped investigators gain access to the second wallet. It provided “highly complex technical expertise and decryption resources.” Governments have seized crypto before. US watchdogs have recovered billions worth of Bitcoin linked to Silk Road. On the other side, German officials also sold large BTC holdings seized from the operators of piracy platform Movie2k. But those cases mostly involved authorities gaining access to known wallets or confiscated devices. This case stands out as the keys were believed lost. However, the authorities have now accessed two wallets in three months. Collins had already surrendered about €1.2 million in assets to the Irish state in 2020. This includes Bitcoin, which he could still access, plus a gyrocopter, camper van, and fishing boat. If you're reading this, you’re already ahead. Stay there with our newsletter .
