Poonam

The United Arab Emirates’ central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes.

The Blockchain Payments Consortium, made up of several major crypto firms, was formed to create a “common framework that enhances blockchain transactions.”

Jeff Park’s pro-CFTC comments come just days after US senators introduced a bill pushing to shift crypto oversight from the SEC to the CFTC.

BitMine held about $11 billion worth of ETH as of this week, making it the largest Ether treasury in the cryptocurrency industry.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion-dollar growth over the next five years will help push down interest rates.

Dollar-backed stablecoins reinforce U.S. currency dominance while democratizing finance in developing nations, countering China’s debt-trap diplomacy.

The latest crypto downturn is hammering companies that built their business models around holding digital assets.

After adopting the AI Act last year, the European Union is considering easing certain provisions amid mounting pressure from the US and Big Tech.

Circle’s Arc has seen strong early adoption, with over 100 global financial and fintech giants, including BlackRock, Goldman Sachs, Visa and Mastercard, joining its public testnet.

Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.