“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed,” says Illuvium co-founder Kieran Warwick. AI could unleash a flood of short-lived crypto “meme games,” attracting the same speculative traders who helped push memecoins to record highs in late 2024, according...Continue Reading

Government websites and online services were disrupted after concerns about a PHP bug that could allow attackers to take control of vulnerable servers. The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a “structural failure.”  Government...Continue Reading

Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield. A lobbying group for US banks has weighed in on the Office of the Comptroller of the Currency’s (OCC’s) recently finalized rules on payment stablecoin issuance and custody, arguing that the regulator’s interpretation...Continue Reading

The US President detailed many schemes defrauding Americans, but referred only to “cybercurrency“ related to scams. US President Donald Trump hosted a roundtable at the White House on cybercrime, even as he and members of his administration face scrutiny from lawmakers and voters over accusations that they used their positions to enrich themselves with digital...Continue Reading

The investment will support Peso’s expansion across four Latin American markets, where it connects stablecoin payments to merchant services and local banking networks. Tether has led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, to support the company’s expansion across Latin America. In...Continue Reading

The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.” US Treasury Secretary Scott Bessent has compared the Trump administration’s landmark stablecoin legislation to banking reforms enacted under President Abraham Lincoln, drawing parallels between two efforts to establish a national framework for American...Continue Reading

The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU. The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on...Continue Reading

The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime. The UK’s Financial Conduct Authority (FCA) announced two consultation periods for how companies using decentralized finance can comply with its guidance, and exclusions for certain crypto assets following “recent legislative changes.” In a...Continue Reading

Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework. Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations...Continue Reading

Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings. Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports. Read moreContinue Reading