The crypto industry’s top legislative priority failed on Tuesday in spectacular fashion. A procedural motion to advance the bill failed by a vote of 49 to 50, with a handful of Republicans joining all Democrats to shoot it down. The motion needed 60 yes votes to pass, and with the Read more…
Friday Bitcoin closed at just $59,948 — dropping 19% just for June and more than 50% lower than its record high in October of $124,310. To commemorate the occasion CNBC interviewed long-time bitcoin skeptic Jeremy Grantham, reporting that the 87-year-old cofounder/chief investment strategist of the massive asset-management firm GMO is Read more…
The European Parliament’s economic committee has backed a digital euro designed to reduce Europe’s dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a full parliamentary vote and negotiations with EU member states. Under the proposal, consumers would be Read more…
Coinbase is laying off about 700 workers, or 14% of its workforce, as CEO Brian Armstrong says the company is restructuring to become “lean, fast, and AI-native.” Armstrong claimed he’d seen engineers “use AI to ship in days what used to take a team weeks” and that non-technical teams in Read more…
Officials working with Donald Trump’s “Board of Peace” are exploring setting up a stablecoin for Gaza as part of efforts to reshape the devastated Palestinian enclave’s economy, according to five people familiar with the discussions. The talks around introducing a stablecoin — a type of cryptocurrency whose value is pegged Read more…
Last Sunday, Bitcoin had dropped 13% in three days, to $76,790. By Thursday it had dropped another 21%, to $60,062. This morning it’s at $69,549 — up from Thursday, down from Sunday, but 44% lower than its all-time high in October of $123,742. In short, Bitcoin “is down almost 30% Read more…
October saw Bitcoin reach $123,742. But less than four months later, the world’s largest cryptocurrency slipped below $76,000, dropping about 40% from its 2025 peak. What began as a sharp crash in October has morphed into something more corrosive: a selloff shaped not by panic, but by absence of buyers, Read more…