Tech

6 May

GOP to Democrats: Catch Up or Step Aside—GENIUS Act Hits the Floor Thursday

Republican lawmakers are pressing forward with the long-awaited GENIUS Act, a landmark bill aimed at establishing a federal regulatory framework for stablecoins, as it heads to a floor vote in the House on Thursday—despite mounting objections from Democratic members. The bill, formally known as the Guaranteed Essential Neutrality in the Issuance of Stablecoins (GENIUS) Act, seeks to clarify the roles …

6 May

CBDC Slowdown: Russian Economist Expects Digital Ruble Delay

The rollout of Russia’s central bank digital currency (CBDC), the digital ruble, may be postponed until 2027, according to comments from a prominent Russian economist. The delay could signal broader challenges in the country’s efforts to modernize its financial infrastructure amid shifting geopolitical and economic conditions. Speaking to Russian media, economist Vladislav Ginko noted that although the Central Bank of …

6 May

Waters Says No: Top Democrat to Object to Upcoming Crypto Hearing

Rep. Maxine Waters (D-CA), the Ranking Member of the House Financial Services Committee, has announced her intention to object to an upcoming congressional hearing focused on cryptocurrency policy, signaling continued partisan division over how the U.S. should regulate the digital asset industry. The hearing, scheduled by the Republican-led committee, is expected to explore various legislative proposals aimed at establishing a …

6 May

BTC Flight: KuCoin Faces Turmoil as Reserves Collapse and 14K Coins Exit

KuCoin, one of the world’s largest cryptocurrency exchanges, is experiencing a significant crisis of confidence as its Bitcoin (BTC) reserves have reportedly plummeted by 77% over recent weeks. According to on-chain data, more than 14,000 BTC—worth hundreds of millions of dollars—have been withdrawn from the platform, raising concerns about the exchange’s liquidity and solvency. The mass outflow follows heightened regulatory …

6 May

Samourai vs. the State: Wallet Devs Allege Fed Suppression of Exculpatory Crypto Rules

In a bold legal counteroffensive, developers behind the privacy-focused Samourai Wallet have accused the U.S. federal government of suppressing guidance that could have cleared them of wrongdoing related to their crypto mixing technology. The allegations come amid a growing legal battle following the arrest of Samourai Wallet developers Keonne Rodriguez and William Hill, who face charges for allegedly operating an …

5 May

The Maldives Gets a Blockchain Boost with $8.8B Investment from Dubai Firm

In a groundbreaking move that is set to reshape the financial landscape of the Indian Ocean, a Dubai-based firm has announced plans to invest $8.8 billion into developing a blockchain-powered financial hub in the Maldives. The ambitious project aims to position the Maldives as a leading center for blockchain innovation, offering a mix of state-of-the-art technology and a favorable …

5 May

Back to Basics: Vitalik Proposes Ethereum Protocol Overhaul

Ethereum co-founder Vitalik Buterin has called for a significant simplification of the Ethereum protocol, citing rising complexity as a long-term threat to the network’s security, sustainability, and developer accessibility. In a recent blog post, Buterin laid out his vision for a more streamlined Ethereum—one that prioritizes elegance, clarity, and reduced technical debt. The Case for Simplicity Over the years, Ethereum …

5 May

Senator Warren Targets Potential Trump Conflict in Urging Crypto Bill Delay

Senator Elizabeth Warren has called on the Senate to delay a key cryptocurrency bill, citing concerns over a potential conflict of interest involving the Trump family. In a recent statement, Warren argued that the bill, which is set to regulate the cryptocurrency industry, could disproportionately benefit entities with close ties to former President Donald Trump, raising questions about fairness and …

5 May

A Bold Proposal: South Korean Candidate Wants Pension Fund to Invest in Bitcoin

In a groundbreaking move, a South Korean presidential candidate has proposed allowing the country’s state pension fund to invest in Bitcoin, sparking both excitement and controversy within the financial and political spheres. The proposal, if implemented, could dramatically reshape South Korea’s approach to cryptocurrency and investment strategy, positioning the nation as a leader in digital asset adoption. The Candidate’s Vision …

5 May

Crypto Clash: Arizona Governor’s Veto Draws Strong Community Reaction

In a controversial move, Arizona Governor Katie Hobbs has vetoed a proposed bill that would have made Bitcoin a legal form of tender within the state, sparking outrage from local crypto advocates and the broader blockchain community. The veto has ignited a fierce debate over the role of cryptocurrencies in state economies and the future of digital asset legislation in …