Category: crypto

Former CFTC Chairman Chris Giancarlo is retiring from his legal practice to focus on advising fintech and cryptocurrency startups. Known as “Crypto Dad,” Giancarlo played a key role in launching the first Bitcoin futures markets. He plans to provide guidance on navigating the digital economy while advocating for regulatory modernization.

Senator Thom Tillis is set to release a draft agreement this week to settle the dispute between banks and digital asset firms over stablecoin interest payments. The proposed Clarity Act aims to regulate the crypto sector and address concerns about deposit drains. The bill faces challenges in the Senate committees before a final vote.

Nigel Farage is being investigated by the Financial Conduct Authority for his involvement with cryptocurrency firm Stack BTC. Concerns have been raised about potential market abuse and conflict of interest as Farage has a stake in the company. This comes as the UK government tightens rules on cryptocurrency donations to political parties.

Senhwa Biosciences has partnered with a global investment group to accelerate its AI-related drug development. The company received $16 million from GEM to advance its clinical pipeline and AI-driven drug discovery platform. Senhwa is focusing on oncology programs and using AI technology to identify combination cancer therapies quickly, positioning itself as a leader in the…

An exploit on the Polkadot-Ethereum Hyperbridge allowed an attacker to mint 1 billion fake DOT-equivalent tokens, resulting in a $237,000 profit. The incident exposed flaws in cross-chain verification processes, highlighting the vulnerability of bridges in multi-chain architecture. This breach is part of a trend of similar attacks in 2026.

Anchorpoint Financial Technology, backed by Standard Chartered Bank, HKT, and Animoca Brands, has obtained a licence to issue a regulated Hong Kong dollar stablecoin called HKDAP. The token will be backed 1:1 by Hong Kong dollar reserves and will be launched in Q2 2026. In Europe, the ECB supports transferring supervision of systemic crypto firms…

The U.S. CLARITY Act, a crypto market structure bill, is moving towards Senate Banking Committee markup in April. It differentiates between SEC and CFTC jurisdiction for digital assets, protecting DeFi. The bill restricts stablecoin issuers from providing passive yield, aiming to regulate stablecoin activities and protect users. This contrasts with the GENIUS Act, which treats…

The US has started a naval blockade of Iranian ports at the Strait of Hormuz, causing oil prices to rise above $100 per barrel and Iran to threaten Gulf ports. This move has also impacted Bitcoin prices. Concerns have been raised about breaching maritime law and deepening the world’s energy crisis.

The UK is finalizing a crypto regime for 2026-27 that excludes truly decentralized DeFi but requires FCA authorization for protocols with identifiable controlling entities. The regime distinguishes between decentralized systems and those with controllers, with large DeFi front-ends likely to be regulated under the new rules by 2027.

The American Bankers Association is concerned that interest-bearing payment stablecoins could lead to deposit flight from community banks, reducing local lending by billions of dollars. They challenge a White House report that downplays the risk, arguing that allowing stablecoin yield could have significant negative impacts on community banks and the economy.