Business – Page 172

Crypto’s Barbell; Speculation and stablecoin payments won over users, says Tempos Romero

Miami Beach, FL — After years of experimentation, crypto today boils down to two core uses: commerce and payments. Speaking at a brand chat at Consensus 2026 in Miami, Tempo’s go-to-market lead, Dan Romero, said the industry is settling into a “barbell” shape, with speculative trading like Hyperliquid’s marketplace at one end and stablecoin-based payments […]

Crypto’s Barbell; Speculation and stablecoin payments won over users, says Tempos Romero Read More »

Kelp says LayerZero approved the setup it blamed for the $292 million bridge hack

Business / Leave a Comment

The Kelp DAO claims that LayerZero staff approved the 1-of-1 verifier setup, a decision that LayerZero has since cited as the reason a North Korea-linked attacker drained about $292 million from Kelp’s rsETH bridge. The claim contradicts LayerZero’s April 19 postmortem, which said that Kelp’s rsETH application relied on LayerZero Labs as its sole verifier

Kelp says LayerZero approved the setup it blamed for the $292 million bridge hack Read More »

Tokenization won’t disrupt bank rails, but enhance them, Wall Street executives say

Business / Leave a Comment

Miami Beach, FL – Tokenization won’t replace the system overnight, but it is steadily reshaping the plumbing system underneath, Wall Street executives said at Consensus 2026 in Miami. Digital asset executives from Citi, JPMorgan and DTCC said during a panel discussion that blockchain-based rails are moving into production, with real volumes and real customers shaping

Tokenization won’t disrupt bank rails, but enhance them, Wall Street executives say Read More »

Operation outlines recovery plan for users after $295 million DPRK-linked exploitation

Business / Leave a Comment

Drift Protocol on Tuesday announced the implementation of a recovery plan for users affected by a $295 million exploit on April 1 that it attributed to the North Korean state-backed DPRK hacking group identified by forensics firm Mandiant. The attack caused the protocol to suspend trading and lending immediately after the exploit. Drift said “the

Operation outlines recovery plan for users after $295 million DPRK-linked exploitation Read More »

Anatoly Yakovenko says major ‘Alpenglow’ upgrade could come next quarter,

Business / Leave a Comment

Solana co-founder Anatoly Yakovenko said a major upgrade to the network, called Alpenglow, is expected to arrive as soon as this year, potentially within the next quarter, marking what he described as a crucial step in blockchain’s technical development. “So the Alpenglow release is basically ready sometime this year, I think next quarter,” Yakovenko said

Anatoly Yakovenko says major ‘Alpenglow’ upgrade could come next quarter, Read More »

Rep. Steven Horsford Pitches PARITY Act as ‘Durable Floor’ for Crypto Tax at Consensus Miami

Business / Leave a Comment

Congressman Steven Horsford told CoinDesk’s Consensus Miami conference on Tuesday that his bipartisan PARITY Act is an incremental way forward in a Congress where Senate market structure negotiations have stalled. “PARITY is designed to set a durable floor, not to be the final word,” he said, noting that existing issues must be resolved “clearly within

Rep. Steven Horsford Pitches PARITY Act as ‘Durable Floor’ for Crypto Tax at Consensus Miami Read More »

Crypto’s value comes from being outside the regulatory apparatus, says Arthur Hayes

Business / Leave a Comment

Miami, FL – Crypto doesn’t need regulation – something that charting the price of bitcoin over successive US governments clearly shows, according to the provocative co-founder of BitMEX and CIO of Maelstrom, Arthur Hayes. Hayes’ thesis is simple: fiat liquidity—precisely printing more units of fiat money—is the only thing that affects bitcoin’s value proposition. “If

Crypto’s value comes from being outside the regulatory apparatus, says Arthur Hayes Read More »

Ripple CEO Brad Garlinghouse says clarity is better than chaos as Senate hits key moment

Business / Leave a Comment

Miami Beach, FL – Brad Garlinghouse, Ripple’s CEO, has been closely following the US Senate’s progress on the crypto market structure bill, and he said it’s not a “done deal” as the next two weeks could be crucial to the legislation’s options. “If it doesn’t happen, then I think the likelihood will drop precipitously,” Garlinghouse

Ripple CEO Brad Garlinghouse says clarity is better than chaos as Senate hits key moment Read More »

Wall Street warns that man-made markets cannot keep up with machine-speed trading

Business / Leave a Comment

Miami Beach, FL – A growing group of Wall Street and crypto executives say the financial system is headed for a tipping point as markets shift from human-paced processes to machine-driven activity that runs around the clock. “We’re moving to a world where transactions happen at a speed that no human can track,” said Sandy

Wall Street warns that man-made markets cannot keep up with machine-speed trading Read More »

AIP’s new fellow brings hands-on crypto experience to DC

Business / Leave a Comment

The American Innovation Project (AIP), a non-profit advocacy group, has added a crypto policy specialist to its ranks as it expands its work on digital asset legislation. Jacob Smagula, a 2026 graduate of Claremont McKenna College, will join Democratic Rep. Ritchie Torres’ (D-NY) team, AIP said. Smagula brings a background in crypto policy and industry

AIP’s new fellow brings hands-on crypto experience to DC Read More »