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Crypto.com has announced a 12% reduction in its workforce as part of a strategic shift towards integrating artificial intelligence across its operations. The company aims to enhance efficiency and streamline processes through this "enterprise-wide AI" initiative. This decision follows a trend in the crypto industry, where firms
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Bitcoin has recently outperformed gold as investors shift towards risk-off assets amid a hawkish stance from the Federal Reserve and rising oil prices. This unusual trend highlights Bitcoin's growing acceptance as a digital asset that can serve as a hedge against inflation and economic uncertainty. The Fed'
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A recent report by Galaxy Digital highlights the potential threat that quantum computing poses to Bitcoin and other cryptocurrencies, but it emphasizes that this risk is not an immediate existential crisis. While advancements in quantum technology could eventually compromise the cryptographic security of Bitcoin, the timeline for such developments remains
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Bitcoin has fallen to $70,000, influenced by a surge in oil prices and the Federal Reserve's decision to pause interest rate hikes, which has negatively impacted risk assets. The increase in oil prices has raised concerns about inflation, prompting investors to reassess their positions in cryptocurrencies. Market
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Fairshake, a crypto advocacy group, faced a setback in Illinois after its $10 million campaign to influence political donations was deemed illegal by state officials. The initiative aimed to support candidates who favor cryptocurrency regulations but was halted due to violations of state campaign finance laws. This incident marks a
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The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's initiative to support the trading of tokenized securities. This approval allows Nasdaq to offer a platform for digital assets that represent traditional securities, enhancing the integration of blockchain technology in financial markets. The move is expected to
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A leading exchange-traded product (ETP) firm has launched a platform that offers 24/7 liquidity for tokenized stocks, gold, and money market funds. This innovation allows investors to trade these assets at any time, breaking away from traditional market hours. The move aims to enhance accessibility and flexibility for investors
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Tempo, a startup backed by Visa and Stripe, has launched new tools designed for AI agents, coinciding with the growing interest in AI technology. These tools aim to enhance the capabilities of AI-driven applications, enabling more efficient interactions and transactions. The launch reflects the increasing integration of AI in financial
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Bitcoin has dropped below $71,000 as investor sentiment weakens amid fading hopes for a Federal Reserve rate cut in 2026. This decline in cryptocurrency prices coincides with stock markets closing at session lows, reflecting broader economic concerns. Analysts suggest that the uncertainty surrounding interest rates is impacting both crypto
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Fairshake, a crypto advocacy group, faced a setback in Illinois after its attempt to secure $10 million in funding for a blockchain initiative was rejected by state lawmakers. This marks a significant challenge for the growing influence of cryptocurrency in political spheres, as Fairshake aimed to promote blockchain technology and
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The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's plan to facilitate the trading of tokenized securities. This move allows Nasdaq to support the issuance and trading of digital assets that represent traditional securities, potentially enhancing market efficiency and accessibility. The approval is seen as a
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A coalition of child advocacy groups is urging OpenAI to abandon its proposed AI ballot measure, citing concerns over child safety. They argue that the measure could lead to increased risks for minors, particularly regarding data privacy and exposure to harmful content. The coalition emphasizes the need for stronger regulations