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The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Elon Musk’s X platform is eyeing a 2025 launch for its financial services arm. In South Korea, the top financial regulator will probe fees…
OpenAI is dropping Scale AI from its data labeling suppliers days after the startup’s acquisition by Meta. OpenAI is scaling back its contracts with Scale AI, a data labeling startup recently acquired by social media giant Meta. According to a Thursday report from Bloomberg, the ChatGPT maker is winding down its reliance on the startup’s…
It’s already been a tumultuous year for the U.S. semiconductor industry. The semiconductor industry plays a sizable role in the “AI race” that the U.S. seems determined to win, which is why this context is worth paying attention to: from Intel’s appointment of Lip-Bu Tan to CEO — who wasted no time getting to work…
Binance founder Changpeng Zhao said crypto platforms must prepare for the inevitable by enabling users to pass on digital assets after they die. Binance founder and former CEO Changpeng “CZ” Zhao asked crypto platforms to adopt a “will function” to enable users to distribute their digital assets in the event of their death. “This is…
Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will…
Despite a relentless campaign from institutional powerbrokers like Senator Elizabeth Warren, the US Senate advanced the GENIUS Act, marking a watershed moment for stablecoin regulation and exposing the limits of establishment resistance. Opinion by: Zachary Kelman, attorney In 2021, Crypto-America was in the doldrums. Senator Elizabeth Warren and her loyal SEC enforcer, Gary Gensler, unleashed…
The GENIUS Act is one step closer to becoming law in a development that may make stablecoin issuers key players in the US economy. Stablecoin adoption among United States banks and financial institutions may accelerate following the passage of new legislation in the Senate. The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS…
The SEC’s 2025 guideline clarifies the regulatory stance regarding crypto staking. It states what is and isn’t allowed and how you can stake lawfully. Key takeaways The SEC has clarified that solo staking, delegated staking and custodial staking, when tied directly to a network’s consensus process, do not qualify as securities offerings. Post May 29…