(source: en.wikipedia.org)
With Illinois’ new tax on crypto set to become effective on Jan. 1, 2027, brokers with any Illinois exposure should prepare for registration now and review their recordkeeping, law firm Jones Day said in a commentary posted in June. When the law becomes effective, Illinois...
Six months ago, the crypto industry believed the 2026 legislative calendar would give it a policy sweep across both stablecoins and digital asset markets. It was only last July that the GENIUS Act regulating stablecoins, the first tangible piece of successful crypto policy in the U.S., was...
Payward, the financial infrastructure platform behind cryptocurrency exchange Kraken, has acquired payments infrastructure firm Reap. The deal, announced in May and completed Wednesday (July 1), is designed to expand Payward Services, the company’s B2B infrastructure platform, opening a path to “globally regulated infrastructure” for stablecoin...
Stablecoins and exchanges once solved each other’s biggest problem. Now they are each trying to compete for the other’s role in the financial value chain. The Tuesday (June 30) announcement that more than 140 companies from FinTech, financial services and institutional cryptocurrency joined a consortium called...
Institutional memory tends to go out the window when covering crypto’s innovations. But the Tuesday (June 30) announcement that more than 140 companies spanning the payments, banking, asset management and cryptocurrency infrastructure spaces have joined a consortium called Open Standard to launch Open USD, or OUSD, a...
The formula for stablecoin success was, at least until Tuesday (June 30), a relatively simple one. Whoever controlled issuance of the largest digital asset by market cap controlled the network. Reserve income accumulated to the issuer, distribution flowed through exchanges, and everyone else became infrastructure...
Cryptocurrency exchange OKX is launching a marketplace that lets artificial intelligence (AI) agents hire each other and autonomously settle payments. “The coming decade will be defined by one-person companies that generate over a million dollars in annual revenue — because every individual effectively gains an unlimited workforce,” Star...
Several of the world’s payments and tech giants have agreed to use the money movement stablecoin Open USD. That coin is set to go live later this year, according to an announcement Tuesday (June 30) from Open Standard, the company behind Open USD. It noted...
Cryptocurrency has spent 15 years asking if regulators could catch up. Markets in Crypto-Assets Regulation (MiCA), the landmark digital asset regulatory framework that goes into full effect across the European Union’s 27 member nations Wednesday (July 1), asks a different question. Can crypto companies operate...