Category: crypto

Coinbase-backed Ethereum Layer 2 network Base has introduced Flashblocks, Smart Wallet Sub Accounts, and Base Appchains to enhance scalability and usability. Flashblocks aims to make Base ten times faster, Smart Wallet Sub Accounts allow multiple wallets within a single interface, and Base Appchains support high transaction throughput for applications. These innovations position Base as a…

El Salvador has introduced a new AI law to promote innovation with regulatory oversight. The law prioritizes open-source AI development and integrates AI into key sectors while upholding data security and ethical standards. It aims to attract investment and technological growth, creating economic opportunities and a strong AI talent pool.

Bitcoin has dropped below $80,000, hitting its lowest point since November 2024. The broader crypto market is experiencing a significant downturn, erasing gains from Donald Trump’s election victory. The market-wide losses have exceeded $1 trillion, with leading altcoins also suffering sharp declines. Analysts attribute the crash to uncertainty over Trump’s tariff policies, weakened investor confidence,…

The SEC has dropped its civil enforcement action against Coinbase, citing a new approach to crypto regulation. The agency formed a Crypto Task Force to develop a structured regulatory framework for the sector. This move reflects a potential shift in the SEC’s handling of cryptocurrency-related cases and signals a more collaborative regulatory approach.

The Texas Senate Banking Committee approved a bill to create a state-managed Bitcoin and crypto reserve, aiming to protect state financial reserves from inflation and economic instability. The bill authorizes the Texas Comptroller of Public Accounts to acquire, manage, and trade Bitcoin and other cryptocurrencies. Other states are also exploring similar initiatives.

The SEC clarified that memecoins are not considered securities under federal law, as they are primarily purchased for entertainment purposes and lack substantial utility. While this stance relieves memecoin promoters and traders of registration requirements, the agency warned against fraudulent activity and emphasized the need for caution in meme coin speculation.

Thorchain is facing a developer exodus due to hackers using the blockchain to launder stolen Ethereum. The protocol’s lead developer is stepping down, and another developer may also leave if the issue is not resolved. Thorchain’s centralized design and lack of regulatory compliance may lead to a crisis for the protocol.

AlphaBitcoin experienced a significant drop in value due to short-term holders selling off their holdings. The market was further impacted by high-frequency traders and day traders, causing Bitcoin prices to plummet.

US Democratic Congressman Sam Liccardo introduced the MEME Act to prevent government officials and their families from profiting from cryptocurrencies, including memecoins. The bill aims to make corruption criminal again by prohibiting officials from benefiting financially from securities, commodities, or cryptocurrencies. It was introduced in response to the controversial launch of TRUMP, a memecoin linked…

The SEC has agreed in principle to dismiss its securities enforcement case against Consensys once final approvals are secured. Consensys CEO Joseph Lubin stated that the decision to challenge the agency was to support blockchain software developers and protect innovation in the crypto industry. Consensys plans to focus on development efforts after the resolution.