FDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text, the FDIC said. The US Federal Deposit Insurance Corporation (FDIC) has proposed new rules to regulate FDIC-supervised stablecoin issuers in accordance with the Guiding and Establishing National Innovation...Continue Reading

Changpeng Zhao’s memoir recounts Binance’s rapid rise, regulatory scrutiny and prison sentence, offering a first-person account of crypto’s most turbulent era. Changpeng “CZ” Zhao became a household name in the cryptocurrency sector after founding Binance, the world’s largest crypto exchange. Following a series of legal and regulatory challenges that culminated in a prison sentence, Zhao...Continue Reading

The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict. Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down...Continue Reading

Iran’s Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an end to the war. The price of Bitcoin pushed past $72,000 for the first time in 20 days after the US and Iran agreed to a two-week ceasefire. “I agree to...Continue Reading

South Korea introduces checks every 5 minutes to prevent ‘phantom Bitcoin’ while Taiwan urged to use BTC in case China attacks. Asia ExpressContinue Reading

The seven House members may have affirmed the commission‘s authority over prediction markets, but asked questions about its inaction on insider trading. Seven members of the US House of Representatives sent a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, asking for information on the agency’s inaction on insider trading on prediction markets...Continue Reading

The Bitcoin supply held in long-term investor wallets moved above 4 million BTC, while a network activity index flashed a “bull phase” signal. New data suggests that Bitcoin (BTC) could be moving closer to a bull market phase as its supply slowly shifts back into long-term, retail-investor-linked wallets. The figure surpassed 4 million BTC in...Continue Reading