Latest Crypto News

TrueMoney has shut down its Philippine operations, forcing 5 million users to migrate to competing platforms. The closure removes a major remittance option for overseas Filipino workers who relied on the service.

The Bangko Sentral ng Pilipinas is now coordinating enforcement actions with the SEC and NTC to limit Filipino access to unlicensed crypto platforms, moving beyond public warnings to active market surveillance.

Coins.ph will fully delist SWEAT and SOVRN tokens on May 22, marking the ninth token removal in two months as the BSP-regulated exchange tightens its listing standards.

Fraudsters claiming government backing for a fake 'Pasig Coin' investment were spotted soliciting residents near Centennial II in Barangay Pinagbuhatan, prompting Mayor Vico Sotto's warning.

The National Bureau of Investigation arrested 17 people operating a romance and cryptocurrency fraud ring from a Parañaque City office on May 15, seizing deepfake software and pre-written scripts designed to manipulate victims into sending money to fake crypto platforms.

The Bangko Sentral ng Pilipinas issued a memorandum requiring stricter anti-money laundering controls across payment systems as digital transactions reached 57.4% of retail volume in 2024. The directive mandates enhanced monitoring of merchant accounts, payment aggregators, and QR-enabled transactions, while warning Filipinos against unlicensed cryptocurrency platforms.

The Securities and Exchange Commission applies the Howey Test to determine whether crypto schemes qualify as unregistered securities sales, with penalties reaching 21 years imprisonment under the Securities Regulation Code.

The Bangko Sentral ng Pilipinas warned Filipinos on May 11 that using unauthorized virtual asset service providers exposes them to fraud, cyberattacks, and potential fund loss with no legal recourse.

World Liberty Financial is battling Justin Sun in court over allegations that the Tron founder secretly shorted the company's native WLFI token, while the firm awaits federal banking approval.

DL News founder Paige Aarhus announced the crypto publication would shut down by May 31, 2026, blaming AI-driven search collapse and parasitic content aggregation for making the business unviable despite strong financial growth.

The US Treasury privately demanded Binance comply with its settlement obligations after The Information reported the exchange facilitated ₱60.5 billion ($1 billion) to Iran-tied entities and terminated employees who flagged the transactions.

XRP's path to $3.84 depends on three converging catalysts by Q4 2026: sustained ETF inflows, regulatory clarity from the SEC and CFTC, and direct institutional demand for XRP as bridge liquidity.

Ethereum currently trades near $2,320, which aligns with the 100-hourly simple moving average and a bearish trend line. Bulls need a clean break above $2,325 to shift momentum, with RSI below the neutral 50 threshold signaling continued weakness.

Binance's SAFU emergency fund has swelled to ₱72.6 billion ($1.2 billion) with ₱13.79 billion ($228 million) in unrealized gains after the exchange converted its entire ₱60.5 billion ($1 billion) stablecoin balance into Bitcoin during February's price dip.

The Trade Desk's stock tumbled 40% year-to-date as Wall Street turned on the adtech company over valuation concerns and competitive threats from Amazon's expanding ad business, which now generates ₱3.39 trillion ($56 billion) in annual revenue.

Toncoin has recovered from an 80% drop after Telegram founder Pavel Durov announced on May 4 that Telegram would take direct control over The Open Network. The recent breakout pushed price above $1.55, but the ₱181 ($3) resistance level may prove exhausting.