Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization. Phemex CEO Federico Variola says AI has been a ‘net negative’ for crypto, despite the crypto exchange announcing an AI-focused transformation earlier this year. Speaking on Cointelegraph’s Chain Reaction, Variola said …
Continue reading “AI has been a ‘net negative’ for crypto: Phemex CEO”
Mutsamudu, Comoros, September 15, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its September 2026 Proof of Reserves (PoR) report, audited by Hacken, confirming that user assets remain fully backed across all major reserve assets. The BTC reserve ratio increased to 297%, up from 288% in August. MEXC continues to disclose …
The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
Scammers have drained a Wells Fargo customer’s accounts down to $13 after spoofing the bank’s real phone number on caller ID. Alisha Watford answered because the number on her screen matched the contact details in the bank’s app and website, reports WSFA. The Alabama resident says the caller claimed fraud had been flagged on her …
Continue reading “Scammers Hit Wells Fargo Customer, Wipe Woman’s Accounts Down to $13”
The U.S. Senate has failed to advance the CLARITY Act. The measure failed to reach the necessary 60-vote threshold on a cloture motion that would have allowed debate on the legislation to move forward. Several key Democrats who had spent months negotiating the bill voted no. Veteran crypto and financial journalist Eleanor Terrett is tracking …
Continue reading “Senate Fails to Advance Crypto Clarity Act After Key Negotiators Vote No”
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins. Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer values can vary by as much as sixfold depending on how transactions are measured. The finding concerns onchain Bitcoin transfer values, …
Continue reading “BIS paper finds major gap in Bitcoin onchain transfer estimates”
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining. Crypto-linked stocks fell sharply on Tuesday after the US Senate failed to advance the CLARITY Act, with shares of Circle and Coinbase dropping about 10%. Bitcoin treasury companies were also hit, …
Continue reading “Crypto stocks slide after CLARITY Act fails to advance in Senate”
Thousands are receiving millions in debt relief after Massachusetts prohibited a debt-buying shop from doing business in the state after accusing it of seizing cars to pressure payments. Attorney General Andrea Joy Campbell says a consent judgment with Judgment Acquisitions Unlimited, Champion Funding Inc., and owner Andrew Metcalf delivers about $52 million in relief to more …
A Michigan couple has won $136,660 after an accidental replay of the wrong Club Keno ticket during a night out. The mix-up happened after the pair each bought a ticket at a restaurant reunion and later stopped at another bar, reports UPI. The 78-year-old Washtenaw County woman said her husband replayed her Club Keno ticket …
Continue reading “Michigan Couple Wins $136,660 After Husband Plays Wrong Club Keno Ticket”
A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government debt. Carolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, says the rise of stablecoins could reinforce the US dollar’s global dominance and increase demand for US …
Continue reading “Stablecoin growth could boost dollar dominance, US Treasury demand: BoE official”
Bitcoin price action weakened over market nerves prior to the Senate CLARITY Act vote, while surging bond yields pressured risk assets across the board. Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act. Key points: Read …
Continue reading “Bitcoin price falls to $75.6K September low as global bonds hit multidecade highs”
The crypto exchange is expanding its traditional finance offerings with 11 US-listed exchange-traded funds focused on US Treasurys and investment-grade bonds. Binance has launched a wealth management service offering access to 11 US-listed exchange-traded funds focused on short-term US Treasurys and investment-grade bonds. The new Binance Earn offering groups the ETFs into cash management, steady …
Continue reading “Binance adds 11 US-listed ETFs to wealth management offering”
Standard Chartered sees Robinhood Chain as an early sign that tokenization could transform Arbitrum’s economics and drive ARB sharply higher by 2030. Standard Chartered says layer-2 network Arbitrum could emerge as one of the digital asset industry’s top performers through 2030 as traditional financial firms move more assets onchain, giving the network a potentially lucrative …
Continue reading “Standard Chartered says Arbitrum could outperform Bitcoin, Ether through 2030”
President Trump is dismissing warnings about artificial intelligence (AI) endangering humanity as overblown and a hoax while resisting fresh calls for government oversight of the technology. The remarks came amid growing industry and political concerns about unchecked AI development, reports The Hill. Trump tells reporters that the concerns over AI are being overblown. “We can …
An MEV bot known as “Yoink” front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the receiving address. An attacker exploited a custom module connected to an Ethereum Safe wallet in an attempt to extract roughly $7.7 million in rsETH, only to have the funds intercepted …
Continue reading “ETH wallet exploit backfires as MEV bot captures $7.7M, Kelp freezes address”
