Acting FDIC Chair Travis Hill confirmed the initiative in remarks made to the House Financial Services Committee US regulators are preparing to roll out a detailed framework for stablecoin oversight, with the Federal Deposit Insurance Corporation (FDIC) signaling that its proposal could arrive before the end of the month. Acting Chair Travis Hill outlined the
Some Bitcoiners are calling on community members to close bank accounts and divest from the company A new wave of criticism has hit JPMorgan after Bitcoin supporters accused the bank of spreading fear, uncertainty, and doubt (FUD) about Strategy, the largest corporate holder of Bitcoin, and other crypto treasury firms. The backlash centers on JPMorgan’s
South Korea’s largest cryptocurrency exchange is reviewing activity after a series of unauthorized transfers Upbit, South Korea’s largest cryptocurrency exchange, temporarily halted all deposits and withdrawals this week after detecting roughly $36 million in unauthorized transfers from one of its Solana-network hot wallets. The suspicious activity was flagged earlier today, prompting the exchange to immediately
Gaining formal approval allows Polymarket to bring prediction trading into mainstream US Polymarket has received approval from the US Commodity Futures Trading Commission (CFTC) to operate an intermediated trading platform, marking a major shift for the crypto-based prediction market. The company announced that the CFTC issued an Amended Order of Designation, placing Polymarket under the
As in previous funding operations, employees helped push the value up Revolut has reached a new milestone after completing a share sale that values the company at $75 billion, placing the London-based neobank among the highest-valued fintechs in the world. The deal drew investment from major firms including Coatue, Greenoaks, Fidelity, Dragoneer, a16z, Franklin Templeton,
The US Department of Justice has indicted CEO Firsa Isa and the company for illegal activity Crypto Dispensers, a Chicago-based operator of Bitcoin kiosks, is considering a possible sale after its CEO was indicted on federal money laundering charges. The company said it has hired outside advisors to conduct a strategic review and gauge interest
Supporters say accepting BTC for taxes could help the US compete globally A new proposal in Congress aims to make Bitcoin an option for paying federal taxes, adding fresh momentum to the debate over how cryptocurrency should fit into US financial policy. The bill, introduced by Representative Warren Davidson of Ohio, would let taxpayers submit
The exchange-traded fund is one of the first US-listed products to track the cryptocurrency directly Bitwise Asset Management is set to launch its new spot XRP exchange-traded fund today, marking one of the first US-listed products to track the cryptocurrency directly. The fund will trade on the New York Stock Exchange under the ticker “XRP,”
The move follows an ongoing trend of growing activity in the space Coinbase appears to be preparing a major expansion into prediction markets, according to screenshots shared by tech researcher Jane Manchun Wong. Wong, known for uncovering unreleased features hidden in source code, posted images on X showing what looks like a fully branded interface
The goal is to make it easier to conduct cryptocurrency transactions Mastercard is taking a major step to make cryptocurrency transactions simpler and safer for everyday users. The global payments company is expanding its Crypto Credential program to include self-custody wallets. The goal is to let people send and receive digital assets using verified, easy-to-read
The expansion could mean that crypto-friendly businesses are carving out a stronger foothold in the economy. Steak’ n Shake, the classic American fast-food chain known for its burgers and milkshakes, is doubling down on its Bitcoin-friendly identity with a new expansion into El Salvador. The company announced the move after participating in the country’s Bitcoin
The financial oversight agency is taking a larger interest in cryptocurrency The FDIC is preparing to take a more defined role in US crypto policy, with Acting Chair Travis Hill confirming that the agency is developing guidance for tokenized deposit insurance and a regulatory pathway for stablecoin issuers. Speaking at the Federal Reserve Bank of
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