Then-prime minister Rishi Sunak announced the UK’s ambitions to be a “global cryptoasset hub” way back in 2022. Since then, that goal has seemed more like a distant aspiration than a reality. But several recent announcements suggest that the gap between fantasy and reality may finally be closing. Within days of each other, the Financial […]
The UK has finally shown that it is serious about crypto Read More »
Empery Digital (EMPD) announced Friday the sale of 1,400 bitcoins for $62,200 each, generating $87.1 million in proceeds. Earlier in July, the company said it would need $65 million to close its 25% ownership in a group acquiring a Midwest facility to be converted into an AI data center. Empery was among the hastily formed
Bitcoin financial company Empery Digital sold about half of the BTC stack Read More »
The Trump administration on Friday issued subpoenas to several reporters for The New York Times after the news outlet this week reported on security concerns involving President Trump’s new Qatar-donated Air Force One. The subpoenas — which seek to compel the reporters to testify before a federal grand jury in Manhattan on Wednesday — were
Times Journalists rally as Trump escalates pressure on media Read More »
Veteran dealer Peter Brandt expects a high between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs). Reality check But while the four-year cycles have consistently produced new records, the reality of this cycle is different. As bitcoin grows,
Bitcoin Halving Cycle Story Challenges $300,000-$500,000 Moonshot Forecasts Read More »
In a wide-ranging conversation at CoinDesk Spotlight, Schultz laid out a vision for Meta’s future where agent trading is not a product category, but an inevitability. “We think this can be the next level of business for our entire company,” he told the host, Sam Ewen. The agent economy is already here, but it is
Meta’s Chief Data Officer Says Agentic Commerce Is the “Next Tier of Business” Read More »
The CBDC limit expires at the end of 2030, although there was little chance that a Fed digital currency would have been executed by then. There has been limited appetite at the central bank, where its previous leadership — even before the arrival of Trump’s newest Fed chair, Kevin Warsh — had long said such
Hyundai, the world’s third-largest automaker by car sales, moved a stable coin-based, cross-border, internal transfer system for production readiness onto the Avalanche blockchain, becoming the first major South Korean company to do so. “Hyundai is the first major company to publicly announce this type of implementation on Avalanche, but the initiative represents more than a
Hyundai uses stablecoins for cross-border treasury transfers Read More »
This stealth form of taxation, first used by nations after World War II, allows authorities to finance deficits cheaply, gradually erode the real value of the debt burden through moderate inflation, and avoid the relatively harmful alternatives of outright default or severe austerity. (Other indebted nations such as the US, UK and European countries may
A group of crypto and Web3 companies that includes OKX, MetaMask, Matter Labs, and Genlayer have formed the “Internet Court” to reach dispute resolutions between AI agents. These days, AI agents negotiate and pay each other without humans in the loop, but as with human-to-human transactions, agent-to-agent transactions will run into contractual disputes. The problem
OKX, MetaMask, Matter Labs Back Dispute Resolution Court for AI Agents Read More »
Circle (CRCL), the issuer of the world’s second largest stablecoin USDC, received approval from the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. National trust banks are licensed to provide custody and trust services to users, but do not accept consumer deposits or make loans like traditional commercial
Circle takes banking steps with approval from a US trust bank Read More »
