US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, would amend the Commodity Exchange Act to make those contracts prohibited for entities overseen by the US Commodity Futures Trading … Read more
The European Central Bank (ECB) on Wednesday published its Appia roadmap, setting out a long-term plan for building tokenized wholesale financial markets in Europe anchored in central bank money. The roadmap is built around two linked initiatives. Pontes is the Eurosystem’s distributed ledger technology settlement solution, while Appia is the broader strategic framework for developing … Read more
Opinion by: Mohammed Marikar, co-founder at Neem Capital Artificial intelligence has consistently been defined by scale, so far — bigger models, faster processing, expanding data centers. The assumption, based on traditional technology cycles, was that scale would keep improving performance and, over time, costs would fall and access would expand. That assumption is now breaking … Read more
US banking giant Wells Fargo has filed a trademark application covering a wide range of cryptocurrency trading, payments and blockchain software services. A filing submitted to the US Patent and Trademark Office (USPTO) on Tuesday seeks protection for the name “WFUSD.” The application is currently awaiting assignment to an examining attorney, according to official trademark … Read more
The Department of Justice is investigating Iran’s use of Binance for alleged sanctions evasion after the exchange repeatedly denied wrongdoing. The US Department of Justice is reportedly investigating Iran’s use of Binance for alleged sanctions evasion. The DOJ is investigating whether Iran used Binance to evade US sanctions and whether transactions on the exchange helped … Read more
XRP’s (XRP) weekly price chart is starting to resemble a technical pattern that previously marked a major cycle low and preceded a sharp upside reversal. Key takeaways: XRP’s weekly chart fractal resembles the 2017 cycle low before a 1,577% surge. An XRP price breakout requires a sustained move above the $2 resistance zone. Declining exchange … Read more
US federal prosecutors have filed a civil forfeiture action to recover roughly 3.44 million USDt tied to an alleged online crypto investment scam that targeted victims across several states. According to a Tuesday announcement from the US Attorney’s Office in Boston, the funds were linked to a scheme that persuaded victims to send cryptocurrency to … Read more
A configuration error in a risk-oracle system used by crypto lending platform Aave triggered the liquidation of about $27 million in wrapped staked Ether (wstETH) positions, prompting the protocol to move to compensate affected users. In a post-mortem published Tuesday, Aave said about 10,938 wstETH worth around $27.1 million was liquidated after the protocol applied … Read more
Washington sent two messages about crypto privacy in the same week. Treasury told Congress that lawful users of digital assets may leverage mixers to protect personal wealth, business payments, charitable donations, and consumer spending habits from public view on transparent blockchains. Days later, SDNY prosecutors filed a letter proposing to retry Tornado Cash co-founder Roman … Read more
Brera Holdings’ board has approved a plan to shift the Nasdaq-listed company toward Solana infrastructure and treasury operations, while shutting down two of its soccer teams and proposing a reverse stock split to support the move. The proposal, which still requires shareholder approval, would rename the company Solmate Infrastructure and narrow its focus to building … Read more