US and UK financial regulators have expanded talks on stablecoins, tokenization and digital asset oversight as Washington begins implementing the GENIUS Act. Summary The 13th UK-US regulatory meeting took place in London on July 8. US officials briefed UK regulators on GENIUS Act implementation and crypto market structure. Both governments support one-to-one stablecoin backing and
SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses. The company reported a
The topic of mining centralization has been a very important one over the past few weeks. GHASH.io, the Bitcoin network’s largest mining pool, has for the past month directed over 40% of the Bitcoin network’s hashpower, and two weeks ago briefly spiked over 50%, theoretically giving it monopoly control over the Bitcoin network. Although miners
SpaceX has expanded its partnership with NVIDIA to power Starmind, a proposed network of orbital data centers designed to process artificial intelligence workloads in space. Summary SpaceX will use NVIDIA’s Vera Rubin platform for its planned Starmind satellite network. The company has requested FCC approval for up to one million orbital data-center satellites. NVIDIA says
During the run-up to the ether sale we will be releasing a series of blog posts regarding our development plans and intended organizational structure. Today we describe some of the background details of the ether sale module. The sale module will be displayed on our website at https://www.ethereum.org for the duration of the sale. What
The Coldcard hack last week dealt a low blow to certain elements of the Bitcoin industry. A somber introspection has begun to question many of the practices and assumptions involved in securing bitcoin at a retail level. The consequences of this process might not be visible for many months. Some are saying that self-custody is
BNY is adding Galaxy’s staking infrastructure to its digital asset custody platform, giving eligible institutional clients access to custody and staking through one servicing model. Summary Galaxy will provide institutional staking through BNY’s Digital Asset Custody platform. The service remains subject to regulatory review and will be limited to eligible clients. BNY is also developing
One of the annoyances of the blockchain as a decentralized platform is the sheer length of delay before a transaction gets finalized. One confirmation in the Bitcoin network takes ten minutes on average, but in reality due to statistical effects when one sends a transaction one can only expect a confirmation within ten minutes 63.2%
AI Image Cryptocurrency’s next chapter is not about what you hold (or hodl), but about what you can do with it, and luxury travel is proving one of the clearest cases in point. For most of its existence, cryptocurrency has been discussed in the language of holding (or hodling): what to buy, when to sell
Bybit has secured an Electronic Money Institution license in Austria, allowing its local payments subsidiary to offer regulated electronic money and payment services across the European Union. Summary Austria’s FMA granted Bybit Payments GmbH an EMI license on Aug. 4. The license covers electronic money issuance and several regulated payment services. Bybit EU GmbH will
