Author: Admin-aX9d7
United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening its crypto guidance for banks.“The Fed withdrawing crypto guidance is just noise, not real progress,” Lummis said in an April 25 X post. Lummis called the Fed’s April 24 announcement — withdrawing its 2022 supervisory letter that had discouraged banks from engaging with crypto and stablecoin activities — “just lip service.”Lummis’ tone was different from the rest of the crypto industryLummis, a pro-crypto advocate known for introducing the Bitcoin (BTC) Strategic Reserve Bill in July 2024, pointed out several flaws…
The Chinese government is considering integrating blockchain to enhance the security of its credit information systems, according to a report from STCN.The move is part of a broader effort by the National Development and Reform Commission (NDRC) to apply emerging technologies in improving data-sharing practices and safeguarding sensitive information.Li Chunlin, Deputy Director of the NDRC, stated that the commission has already begun incorporating privacy computing solutions.These tools are designed to minimize the risk of information leaks by processing data in a secure environment. He emphasized that the overarching goal is to reinforce the protection of citizens’ data through advanced technical…
A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI […]
Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission’s crypto task force.”While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets,” the letter argued in response to…
The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030.Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according to a new Bitget Research report shared with Cointelegraph.The blockchain sector added around 20,000 new jobs in 2024, according to job listings aggregated from platforms like LinkedIn, Web3 Jobs and Crypto Job List.Total workforce in tech industry. Source: Bitget ResearchWhile blockchain-based jobs had an average compound…
This is a segment from the Empire newsletter. To read full editions, subscribe. “I’m always trying to figure out where the puck is going,” Pantera’s Paul Veradittakit told me. It’s a key part of how Veradittakit determines whether or not he’s interested in investing time and, of course, money into a project. Veradittakit’s been around the industry for over a decade. If he hadn’t joined Pantera, he might have been one of the first employees at Coinbase. Instead, he and Pantera founder Dan Morehead decided to invest in companies that were building like Coinbase in other parts of the world. …
After several weeks on a plateau, bitcoin saw some action this week, climbing to more than $95,000 at press time. It was up 12% on the work-week, buoyed by better macro news and a feeling that the worst of tariff-mania may be over. The CoinDesk 20 — which tracks about 80% of crypto market cap — jumped 10%-plus in the last five days.In an interview with CoinDesk’s Sam Reynolds, Coinbase Institutional’s John D’Agostino attributed the rally to institutions and sovereign wealth funds accumulating bitcoin. Retail traders, by contrast, were tending to exit bitcoin ETFs, he said.Institutions continued to back bitcoin-accumulation…
Today in crypto, SEC chair Paul Atkins speaks at the agency’s roundtable. Circle executive Dante Disparte denies reports that the company is pursuing a US federal bank charter, and ARK Invest projects Bitcoin could reach as high as $2.4 million by 2030.SEC chair suggests ‘huge benefits’ in agency’s third crypto roundtableIn one of his first appearances as the recently sworn-in chair of the US Securities and Exchange Commission, Paul Atkins delivered remarks to the agency’s third roundtable discussion of crypto regulation. In the “Know Your Custodian” roundtable event on April 25, Atkins said he expected “huge benefits” from blockchain technology through…
Switzerland’s fierce defense of tradition faced a seismic crypto challenge as calls to add bitcoin to national reserves intensify amid global economic turmoil and geopolitical shifts. Swiss National Bank Chairman Warns Bitcoin’s ‘Very High’ Volatility Risks Currency Stability Swiss National Bank (SNB) Chairman Martin Schlegel strongly opposed integrating bitcoin into the institution’s currency reserves during […]
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Imagine being in an industry where a yellow piece of paper is one of your most iconic symbols. Well, that’s Bitcoin, and today’s legend is none other than Christian Langalis, better known as Bitcoin Sign Guy. Langalis is the young man in a suit who held up a sign that read “Buy ₿itcoin” while Janet Yellen, then-Chair of the Federal Reserve, stood her ground in front of Congress in 2017. Today’s story is about much more than just his viral moment, however. Before he became a…