(source: en.wikipedia.org)
Revolut unveiled Monday (May 18) its first physical cryptocurrency debit card, a move that follows a notable increase in industry-wide card usage and transaction volumes. According to reporting and data from The Block, daily crypto card transactions have trended upward since last year, recently exceeding...
Tempo is expanding its push into institutional stablecoin infrastructure by adding decentralized lending and yield capabilities to its blockchain. The Stripe- and Paradigm-backed company said it is integrating Morpho’s lending marketplace, a move that broadens Tempo from a payments network into a more comprehensive financial...
There are few economic bottlenecks more consequential than the Strait of Hormuz. Roughly a fifth of global oil consumption passes through the narrow waterway connecting the Persian Gulf to the Arabian Sea, making it less a regional shipping lane than a structural pillar of the...
Bitcoin Depot, the world’s largest operator of cryptocurrency ATMs, is shutting down after declaring bankruptcy, according to a Monday (May 18) press release. The company is seeking Chapter 11 bankruptcy protection and will begin winding down its business and selling its assets, the release said....
Cryptocurrency security firms are rethinking compliance as artificial intelligence plays a larger role in financial transactions, CoinDesk reported Monday (May 18). “When you think about agentic commerce, we’re thinking about the sheer volume of transactions and events that need to be monitored as growing exponentially,”...
The U.S. Senate Banking Committee’s vote Thursday (May 14) to advance the Clarity Act marked one of the most consequential regulatory developments for digital assets since the collapse of FTX reignited demands for federal oversight. The legislation still faces political and procedural hurdles. But it...
Regulations can create winners and losers, as well as kick off unpredictable second-order effects. Most industries already know this. The digital asset sector, however, could be about to find out. On Thursday (May 14), the Senate Banking Committee advanced the long-debated CLARITY Act in a...
Institutional adoption of cryptocurrency could be accelerated by passage of the CLARITY Act, Ripple CEO Brad Garlinghouse said Wednesday (May 13), according to a report by Binance News. Speaking during the Binance Online event, Garlinghouse said that banks need regulatory clarity because of the long...
Neobank Fasset has raised $51 million to expand its stablecoin-centric banking platform to emerging markets. The company said its Series B round, announced Thursday (May 14), will help it continue its work of serving customers in overlooked markets. These are people who are “locked out...