The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
CME, which is the largest derivatives exchange worldwide, is ready to sue the U.S. Commodities Futures Trading Commission following the regulator’s decision to approve Bitcoin perpetual futures trading on the prediction market platform Kalshi. According to the firm, the contract should not be categorized as a futures contract but as
Binance is looking to obtain a MiCA license across Europe using France as the gateway. This came as a following apparent setback in Greece. The opposition of the application appears to have been spearheaded by The President of the European Central Bank, Christine Lagarde. In addition, there have been reports
Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to
David Schwartz is one of the creators of XRP Ledger and also a Chief Technology Officer at Ripple Labs. He supports the latest upgrade of XRPL by shifting a major XRPL hub to version 3.2.0. Schwartz revealed that the shift occurred during a maintenance period of less than ten minutes.
Legislators have passed a bill aimed at pushing housing reforms that feature a temporary ban on a Federal Reserve CBDC. The ban forms one of the many proposals included in the bipartisan bill, the 21st Century Road to Housing Act. The bill seeks to improve affordable housing, boost the supply
Ethereum developers are now in the final development phase of the Glamsterdam upgrade, which they plan to launch later this year. The development teams are now testing the Ethereum system on dedicated development networks while incorporating all the proposed Ethereum improvement proposals in a comprehensive testing environment. This is the
Sam Bankman-Fried, the former CEO of FTX, has pursued legal avenues to challenge his conviction, even as he serves his 25-year federal prison sentence. In a new profile, he has discussed his experiences in prison as well as his efforts to reduce or overturn the sentence imposed on him. As
The release version 3.2.0 of XRP Ledger is out now, marking a significant improvement to the underlying blockchain infrastructure. This time, developers have renamed the software used for operating the network from “rippled” to “xrpld.” As explained by the creators, it is more relevant for the software to have a
The recent outage at Anthropic’s Claude has sparked debates about the dependability of AI systems based on the centralized approach. The downtime made it impossible for users to use the software and revealed the high degree of dependence that many businesses have on specific AI software. After the incident, Grayscale
