(source: en.wikipedia.org)
The Securities and Exchange Commission (SEC) will consider a potentially significant overhaul of crypto regulation Friday (Aug. 14), moving to establish formal exemptions that could allow digital asset projects to raise capital without registering securities and eventually move outside the agency’s jurisdiction. At its Friday...
Comment letters filed with the Office of the Comptroller of the Currency show where implementation of federal stablecoin regulation may require further work, particularly around the information regulators expect issuers to produce regularly. The OCC is focused on proposed reporting forms for permitted payment stablecoin...
The Bank of Russia is placing new limits on cryptocurrency trading for retail investors. The proposed rules, published Tuesday (Aug. 11) by the Russian central bank, would allow those investors to trade only bitcoin, ether and Tether’s USDT stablecoin, limiting them to 300,000 rubles (around...
Bitwise has reportedly cut 14% of its staff amid an ongoing downturn in cryptocurrency prices. The San Francisco digital assets company reduced its workforce from around 180 to roughly 155, Bloomberg News reported Tuesday (Aug. 12), citing an email from Bitwise. Even with these layoffs, Bitwise’s staffing levels...
The Coinbase Business suite now allows businesses to get paid by artificial intelligence agents, Coinbase said in a Tuesday (Aug. 11) blog post. “The same checkouts you already use can now accept payments from AI agents via x402, an open standard for machine-to-machine payments,” the...
Stablecoins do not have an acceptance problem in the conventional sense. They have an interoperability problem. Thredd’s new partnership with stablecoin platform Cashi, announced Tuesday (Aug. 11), is important not because another cryptocurrency card is entering the market. It is important because the stablecoin economy...
Some British lawmakers say the country’s banks are impeding the cryptocurrency sector’s growth. As the Financial Times (FT) reported Tuesday (Aug. 11), these lawmakers warn that lenders’ refusal to offer services to crypto companies and investors is one of the largest obstacles to the digital asset sector’s...
Digital assets may be winning consumers’ attention, but a 14-percentage-point gap shows they haven’t yet won the checkout. “From Asset to Everyday Money: Making Digital Currencies Spendable,” a Payments Innovation Tracker® from PYMNTS Intelligence and Paymentology, finds that consumers increasingly want cryptocurrencies and stablecoins to work like familiar forms...
“I felt a bit like a cave man who found fire,” Switzerland-based investor Daniel Koss said of his shift from investing in cryptocurrency to putting his money into artificial intelligence (AI), The Wall Street Journal reported Monday (Aug. 10). According to that report, Koss made...