President Trump is urging the Federal Reserve to slash interest rates sharply so the United States can boast the world’s lowest borrowing costs. He made the remarks aboard Air Force One, reports Reuters. Says Trump, “Rates should be lowered… We have other countries that are paying less interest rates… We should have the lowest interest …
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The FSC reportedly plans a government-backed digital asset bill covering stablecoins and exchanges, while opposition lawmakers seek to scrap a 22% crypto tax due in 2027. South Korea’s Financial Services Commission (FSC) reportedly plans to draft a consolidated Digital Asset Basic Act with the ruling Democratic Party, giving lawmakers a government-backed proposal covering stablecoins and …
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The Bitcoin miner and AI infrastructure company closed at $62.90, giving it a market capitalization of about $2.8 billion after its direct listing. Ionic Digital shares climbed about 26% from their opening price in their Nasdaq debut Tuesday after the Celsius-linked Bitcoin miner and AI infrastructure company completed its direct listing. The shares opened at …
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TLDR EthSystems believes privacy is the main barrier stopping banks from using public blockchains. The startup emerged from the Ethereum Foundation’s Institutional Privacy Task Force. EthSystems helps institutions protect sensitive transaction data while settling activity on Ethereum. The company will advise clients, build custom privacy systems, and publish open-source research. EthSystems plans to work with …
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The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer.
Zcash researchers published more than 2,700 machine-checked theorems designed to rule out undetectable counterfeiting bugs in Ironwood. Zcash researchers have completed formal verification of Ironwood, publishing a machine-checked proof that the network’s new shielded pool does not contain undetectable counterfeiting bugs under its stated cryptographic assumptions. On Tuesday, Project Tachyon said that the proof, written …
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RL1 began operations as a member-owned blockchain cooperative backed by 10 European financial institutions, including ABN AMRO, DekaBank and Natixis CIB. Ten European financial institutions have launched Regulated Layer One (RL1), a jointly owned blockchain cooperative designed for regulated financial markets and tokenized assets. On Tuesday, the group announced that RL1 had been established as …
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Myanmar lawmakers approved an anti-online scam bill whose draft proposed prison terms of 10 years to life for crypto scams and operating scam centers. Myanmar’s Parliament passed an anti-online scam bill that would impose prison terms of 10 years to life for crypto scams and operating online scam centers. The Pyidaungsu Hluttaw, Myanmar’s combined Parliament, …
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Visa said it is investing across the stablecoin stack, highlighting OpenUSD, tokenized deposits and AI-powered commerce during the company’s third-quarter earnings call. Visa reported fiscal third-quarter revenue of $11.6 billion, up 14% from a year earlier, driven by double-digit growth in payments volume, cross-border volume and processed transactions. During the company’s earnings call, Visa outlined its broader …
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Emirates has launched Crypto.com Pay on its website and mobile app, giving eligible UAE residents a new way to pay for flights priced and settled in Emirati dirhams. The rollout allows customers with a Crypto.com account to select the payment service during checkout on emirates.com or through the Emirates App. Transactions are processed through Crypto.com’s …
More than 60 cryptocurrency companies, blockchains, and decentralized finance (DeFi) protocols shut down or filed for bankruptcy between January and July 2026, a pace that accelerated sharply in the final weeks of July. The past several months have exposed the part of the crypto industry that rarely gets attention during bull markets. Since bitcoin retreated …
The proposed cryptographic scheme aims to protect existing Bitcoin, Ethereum and Solana wallets from future quantum attacks without requiring users to move funds or change wallet addresses. Blockchain security company AmericanFortress has unveiled a cryptographic scheme that it says could protect existing cryptocurrency wallets from future quantum attacks without requiring users to move funds, rotate …
Elon Musk’s X Money left its invite-only testing phase on July 27, rolling out nationwide to U.S. Premium and Premium+ subscribers. The expansion pairs a Visa-branded debit card with up to $10 million in Federal Deposit Insurance Corporation (FDIC)-linked coverage. Beta Days Are Over X, the social platform formerly known as Twitter, first opened X …
U.S. Senator Jon Husted (R-OH) publicly backed the Digital Asset Market Clarity Act on July 28, arguing the bill is essential for U.S. leadership in digital assets, even as the legislation’s odds of becoming law in 2026 have slipped to just 30%. Husted Joins the Chorus of Senate Backers Husted, who was appointed to the …
Kenya’s National Treasury reduced the paid-up capital requirement for stablecoin issuers by 40% to approximately $2.32M to encourage entry into its rapidly growing crypto market. Broad Oversight for Central Bank Kenya has reduced the minimum paid-up capital required for stablecoin issuers by 40% to about $2.32 million (300 million Kenyan shillings). The revised threshold, published …
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