Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile. It’s been five years since El Salvador became the first country to adopt Bitcoin as legal tender. President Nayib Bukele announced the plan at the Bitcoin conference...Continue Reading

Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs. Slovenia has appeared for the first time in the European Union’s Markets in Crypto-Assets Regulation (MiCA) register of electronic money token (EMT) issuers. Dinaro, a Slovenia-based electronic money institution supervised by the Bank of Slovenia,...Continue Reading

Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors. Fidelity Investments plans to add staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH), according to its Tuesday filing with the US Securities and Exchange Commission (SEC). The asset...Continue Reading

Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue. Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI. Key points: Data from onchain analytics platform Glassnode shows that fees...Continue Reading

Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active. Binance and RedotPay are disputing whether a Singapore case related to their nearly $473 million Hong Kong legal battle is coming to an end. The stablecoin payments card issuer told Cointelegraph on...Continue Reading

The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their cybersecurity efforts. A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published...Continue Reading

Suspected North Koreans IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable intel. It isn’t often that a reporter gets asked to pose as a venture capitalist to fool suspected North Korean IT workers. But in June, I found myself joining a Zoom call as...Continue Reading

Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms. Harmony is considering rolling back its blockchain after claims that an attacker exploited the network to mint nearly 4 billion ONE tokens, equivalent to about 26% of the token’s supply. On Tuesday,...Continue Reading

The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling. The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating. The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted...Continue Reading

Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization. Ravencoin dropped to an all-time low on Wednesday as an exploited consensus vulnerability left several days of transactions at risk and prompted exchanges to suspend RVN transfers.  According to CoinGecko, the cryptocurrency dropped to $0.002754, about...Continue Reading