Ex-NYC mayor unveils ‘NYC Token’ memecoin weeks after leaving office
The NYC Token, which had a pretty rocky start, has been created to fight antisemitism, according to former New York City Mayor Eric Adams.
Meta to cut 10% of metaverse arm this week amid AI push: Report
Meta’s Reality Labs is set for cuts as the firm’s metaverse budget continues to decline amid push toward artificial intelligence development.
Trump wants tech firms to ‘pay their own way’ as power demand soars
The POTUS demanded tech giants cover data center power costs as US consumption surged, with Microsoft first to make changes this week.
Ethereum must pass ‘walkaway test’ to endure for 100 years: Buterin
Quantum resistance, scalable architecture, and a better block-building model that resists centralization pressures are needed if Ethereum is to pass the test of time.
Senators pitch bill to lock in protections for crypto developers
The Blockchain Regulatory Certainty Act aims to clarify that writing software and maintaining networks don’t trigger federal or state money-transfer requirements.
US Senate Ag punts markup on crypto bill to end of month
Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.
Bitcoin shows strength as US DOJ mulls Fed chair investigation: Will BTC price hold?
Bitcoin rallied to $92,000 as Federal Reserve chair Jerome Powell spoke about a potential DOJ investigation into the Fed. Will BTC’s strength hold?
CFTC forms innovation committee to help shape rules for crypto, AI
The CFTC is looking to invite Tyler Winklevoss, Shayne Coplan, Kris Marszalek, and other crypto leaders to assist its approach to regulating the blockchain industry.
Bitmine ETH holdings climb to 4.1M as chairman seeks to expand crypto strategy
The latest purchase lifted the company’s Ether holdings to about 3.4% of the token’s circulating supply, as Bitmine’s chairman, Tom Lee, aims to accumulate 5% of the total outstanding supply.
Fitch Ratings flags Bitcoin-backed securities for ‘high market value risk’
Fitch said sharp Bitcoin price swings could quickly erode collateral backing these securities, increasing the risk of losses for lenders and investors.