The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the agencies Read more…
The U.S. Senate has approved the GENIUS Act with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts. What the bill sets out to do is create the first federal regulatory framework for U.S. stablecoins, requiring issuers to maintain full 1:1 reserves in cash Read more…
Pakistan will allocate 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and AI data centres. The allocation is part of Islamabad’s plans to use its surplus electricity to bitcoin mining and AI data centres.
Donald Trump’s crypto company created a digital dollar called USD1, which is now being used by a big investor in Abu Dhabi to help fund a $2 billion deal with Binance, the world’s largest crypto exchange. Stablecoins are an increasingly lucrative cog in global crypto trading. Their issuers typically profit Read more…
A Canadian math prodigy is accused of stealing over $65 million through complex exploits on decentralized finance platforms and is currently a fugitive from U.S. authorities. Despite facing criminal charges for fraud and money laundering, he has evaded capture by moving internationally, embracing the controversial “Code is Law” philosophy, and Read more…
With America’s national debt sitting comfortably over the $36.2 trillion mark, BlackRock CEO Larry Fink is warning the burden could one day be the reason the dollar is dethroned as the reserve currency of the world. He argues that decentralized currencies like Bitcoin could replace the dollar as worldwide organizations Read more…
President Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government. A “Strategic Bitcoin Reserve” will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White Read more…