Category: crypto

Federal Reserve minutes from the March meeting revealed a split among policymakers regarding potential rate cuts due to uncertainty from Middle East tensions. Interest rates were held steady, but the possibility of cuts was discussed if inflation eases. Policymakers also highlighted concerns around inflation, labor market risks, and the impact of geopolitical events on the…

Bithumb is taking legal action to recover 7 Bitcoin still missing from a payout error in February. The exchange recovered most of the funds and is pursuing the remaining amount from users. Bithumb has filed for provisional seizures to freeze user assets if they do not return the funds, following regulations in South Korea.

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.