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Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs


Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets...

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down


Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM).The acquisition, which is subject to customary closing conditions and regulatory approval...

NYC Mayor doubles down on crypto push ahead of city summit


New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans.In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie...

DeGods NFT founder steps down as collection gains traction


The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales for the collection. Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding...

Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO


While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology. At the Token2049 event in Dubai, DoubleZero founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s...

Citi and SDX partner to tokenize traditional private markets


Investment bank Citi and Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization.The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities...

Research DAO claims paralyzed rats recover after spinal cord fix


Decentralized autonomous organization (DAO) HydraDAO claims that its researchers were able to use a novel technique to repair severed spines in rats.In a May 5 X post, decentralized science (DeSci) project HydraDAO said that one of its research projects resulted in “rats who had their spines...

How much Bitcoin can Berkshire Hathaway buy?


Key takeaways:Berkshire holds $347B in cash, enough to buy ~18% of Bitcoin’s supply.Greg Abel has not signaled a shift from Warren Buffett’s anti-Bitcoin stance.Berkshire already has indirect crypto exposure via Nu Holdings, Jefferies.Warren Buffett announced at Berkshire Hathaway's...

Mattel to wind down its Hot Wheels Virtual Garage NFTs


Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future.There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on...

Coinbase Doubles Down: CEO Says Crypto Will Eat Most of Financial Services


Crypto is set to devour traditional finance as Coinbase sharpens its focus on decentralized systems, driving a seismic shift in how global financial services are built. Armstrong Says Crypto Will Eat Finance—Coinbase’s Strategy Just Got Clearer Brian Armstrong, chief executive officer of crypto...

Warren Buffett to step down as Berkshire Hathaway CEO by year's end


Warren Buffett, the CEO of publicly traded investment company Berkshire Hathaway, announced at the company's annual shareholder meeting that he will step down by the end of 2025, and his chosen successor will take over as CEO, pending approval from Berkshire's board of directors.According to CNBC...

Warren Buffett to step down as Berkshire Hathaway CEO by year's end


Warren Buffett, the CEO of publicly traded investment company Berkshire Hathaway, announced at the company's annual shareholder meeting that he will step down by the end of 2025, and his chosen successor will take over as CEO, pending approval from Berkshire's board of directors.According to CNBC...

Australia’s finance watchdog to crack down on dormant crypto exchanges


Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams.There are currently 427 crypto exchanges registered with the Australian Transaction...

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