Category: crypto

Dubai’s Virtual Assets Regulatory Authority has released detailed guidance on how token issuers should operate. The guidance clarifies how virtual assets should be structured, disclosed, and distributed in Dubai. It introduces a three-part classification system for token issuances based on structure and risk profile, with specific requirements for stablecoins and asset-referenced tokens. The framework aims…

Treasury Secretary Scott Bessent urges Congress to quickly pass the CLARITY Act due to limited Senate floor time. The bill has been delayed by debates over stablecoin yields. Bessent emphasizes the importance of the legislation as crypto use grows in the US. President Trump supports the bill and criticizes banks for stalling its progress.

Meta Platforms is enhancing social commerce with new tools connecting creators, AI, and advertising to actual purchases on Instagram and Reels. They are expanding AI-driven ad tools, introducing Muse Spark, and focusing on Reels for engaging ads. The company is also increasing its AI focus and restructuring internally to advance its AI ambitions.

XRP price at $1.3184 on April 7 was rejected at the descending trendline resistance near $1.35 for the third time since late March. The rejection, visible on the 1H chart, indicates bearish continuation. Support at $1.30 to $1.28, with $1.28 being a key level, while a close above $1.35 is needed for a shift in…

The FDIC has proposed new rules under the GENIUS Act to regulate stablecoins issued through the banking system, setting standards for reserve, risk management, and custody. Reserve deposits backing stablecoins may be insured, but token holders will not be covered. A 60-day consultation period is open for feedback on the proposal.

Morgan Stanley is launching its Bitcoin exchange-traded fund (ETF) on the NYSE Arca stock exchange this Wednesday under the ticker MSBT. It is the first major U.S. bank to enter the spot Bitcoin ETF market, competing against established funds with lower fees at 0.14%. The bank has also partnered with custodians for its digital assets.

Coinbase has obtained an Australian financial services license, allowing it to offer crypto and equity perpetuals. The license requires Coinbase to comply with traditional financial standards in Australia. The company plans to expand its offerings into futures, options, stock trading, payments, and other financial products in Australia.

Anthropic has restricted access to its AI system, Claude Mythos Preview, due to finding thousands of critical vulnerabilities in major software systems. The model detected old bugs in operating systems and web applications, raising concerns about safe deployment. The potential for AI-powered cyberattacks is increasing, emphasizing the need for secure handling as these capabilities expand.

U.S. lawmakers are questioning the Commodity Futures Trading Commission about alleged insider trading in prediction markets related to military events in Iran and Venezuela. The lawmakers are concerned about trades appearing to be timed around sensitive government decisions. They want the CFTC to clarify its enforcement approach by April 15.

The U.S. Securities and Exchange Commission criticizes past enforcement actions against crypto firms for failing to protect investors and misinterpreting securities laws. The SEC has shifted focus toward fraud and market abuse under new leadership, reducing the number of cases but increasing monetary relief through actions that prevent investor harm.