FDIC Clears Path for Bank Crypto Activities Without Prior Approval
The Federal agency reverses policy that required banks to seek permission before offering cryptocurrency services—a significant shift in the U.S. regulatory landscape
The Federal agency reverses policy that required banks to seek permission before offering cryptocurrency services—a significant shift in the U.S. regulatory landscape
Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB (BNB) each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding. Zhao plans to distribute the funds through Binance and Binance Thailand if a third-party onchain donation platform cannot be found to distribute the disaster relief funds. … Read more
A court took action on Friday to keep the Trump administration and its Department of Government Efficiency (DOGE) from shutting down a consumer watchdog agency while its court case plays out. Judge Amy Berman Jackson granted a preliminary injunction to save the Consumer Financial Protection Bureau (CFPB) from being further gutted while she decides whether … Read more
Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial (WLFI), the crypto firm backed by US President Donald Trump’s family. In a March 28 letter from the US Senate Banking Committee, Massachusetts Senator Elizabeth Warren … Read more
Bitcoin price extended its decline on March 28, falling for a fourth consecutive day to paint an intra-day low of $83,387. BTC’s (BTC) decline mirrored the Wall Street sell-off, where the DOW closed 700 points lower, alongside the S&P 500 index, which dropped 112 points. The sell-off in equities is widely attributed to investors increasing … Read more
‘Tesla Takedown’ organizers have promised their biggest day of global action this weekend, encouraging thousands to protest outside Tesla showrooms, dealerships, and even charging stations to peacefully object to Elon Musk’s role in slashing government spending. As Tesla protests have spread, so has the backlash. Activists holding up signs are being conflated with masked vandals … Read more
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A couple of years after buying Twitter, Elon Musk announced that his AI business xAI has acquired the social media platform that’s now known as X. In a tweet, he described it as an all-stock transaction, valuing xAI at $80 billion and X at $33 billion, including $12 billion in debt it had as part … Read more
Microsoft is starting to test Quick Machine Recovery, a feature designed to prevent incidents like last year’s Crowdstrike catastrophe. It’s rolling out in its latest Windows Insider Preview build (6120.3653) and allows IT professionals to remotely recover Windows 11 devices even if they won’t boot. Microsoft first announced Quick Machine Recovery last year as part … Read more
Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, he announced in a post on X Friday. “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk said in the post. “xAI and … Read more
Haliey Welch went viral last year following an interview about sexual techniques.
The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal. During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is … Read more
Prolific fintech investor and QED Investors co-founder Frank Rotman said Friday that he will transition to a partner emeritus role by year’s end to focus on founding his own startups. But those startups won’t necessarily be financial technology companies. In a post on X, Rotman — who helped start QED in 2007 — declared that … Read more
After Google completed its acquisition of Fitbit in early 2021, the company integrated Fitbit’s services with its own and required users to migrate existing Fitbit accounts to a Google account by 2025. But in an email sent to Fitbit users today, Google now says that deadline has been extended until next year. “As we have … Read more
Hopes for the crypto recovery to continue vanished on Friday, as a market-wide rout erased virtually all gains from earlier this week. Bitcoin (BTC), hovering just below $88,000 a day ago, tumbled to $83,800 recently and is down 3.8% over the past 24 hours. The broad-market benchmark CoinDesk 20 Index declined 5.7%, with native cryptos … Read more
The company that has pushed to open up the deep sea for mining is cozying up to the Trump administration after years of hitting roadblocks in international negotiations. The island nation of Nauru initially sponsored The Metals Company (TMC) and its deep-sea mining effort. In 2021, that triggered a race to develop regulations before TMC … Read more
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The state regulator ordered the companies on Thursday to shutter their sports-related services for New Jersey residents and void locals’ existing bets.
MrBeast teamed up with Alex Cross author James Patterson to co-write a thriller novel with Squid Game-like elements, according to a report from Deadline. The upcoming book, which doesn’t have a title yet, has reportedly fetched eight-figure bids for the publishing rights. The book’s logline, which reads, “Players fight to survive deadly tests held in … Read more