Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results. What to know: This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has […]
The interest rate outlook has gotten appreciably softer over the past couple of weeks. Meanwhile, Bitcoin remains a topic of significant interest. What to know: “I wouldn’t even be in this situation if it wasn’t for you. You brought down so much f—ing heat on me.” — Robert De Niro as Ace Rothstein to Joe Pesci’s […]
As the transformative technology of Generative AI evolves, the opportunity for Web3 to play a significant role is growing rapidly. “Build for where the industry is going, not for where it is.” This mantra has fueled disruptive innovations for decades — Microsoft capitalized on microprocessors, Salesforce leveraged the cloud and Uber thrived in the mobile […]
Bankman-Fried is currently in the Metropolitan Detention Center, serving a 25-year prison sentence. What to know: The token associated with defunct crypto exchange FTX surged briefly Monday night after Sam Bankman-Fried, the founder and onetime CEO of the platform tweeted for the first time in two years. Bankman-Fried, who was convicted on seven different counts of […]
The company says the commission will vote on a deal negotiated by staff to abandon the enforcement case at the core of the agency’s previous crypto stance. This decision comes after a prolonged SEC lawsuit that had significant implications for the industry. What to know: The U.S. Securities and Exchange Commission will vote soon on […]
In what may be a big test of the crypto sector’s new influence over a markedly friendlier U.S. Congress, the Crypto Industry is asking for the reversal of an incoming tax policy. What to know: Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax […]
The state’s investment board’s stake is worth more than $340 million at IBIT’s current price of $56.10. What to know: Wisconsin’s investment board saw fit to significantly add to its bitcoin (BTC) bet in the last three months of the year. The State of Wisconsin Investment Board (SWIB) disclosed ownership of just over 6 million […]
El Zonte inspired Bukele to make bitcoin legal tender in El Salvador. CoinDesk visited the surfing village to see how it’s developing. What to know: This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, here. The sun was setting as I rolled into […]
With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how. What to know: President Donald Trump is just about done naming the key figures he’s seeking to get into financial regulation posts that will direct the future oversight of […]
The “buy now, pay later” company is backed by venture capital firm, Sequoia Capital, which has a 22% stake. What to know: Klarna Bank AB, a Swedish fintech company popular in Europe, plans to embrace cryptocurrencies on its platform, the firm’s chief executive officer, Sebastian Siemiatkowski announced in a post on X over the weekend. […]