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Lawmaker Flags Concerns Over SEC’s Crypto Approach


Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted...

SEC Charges Defi Platform Rari Capital and Founders


The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals...

World Banking Giants Join Project Agora to Reengineer Cross Border Payments


Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border...

Solidus Ai Tech and SambaNova Systems Bring High Speed AI to Web3 World


Solidus Ai Tech has announced a ground breaking partnership with SambaNova Systems, a leader in artificial intelligence hardware, to revolutionize AI capabilities in the Web 3.0 landscape. This collaboration promises to deliver unmatched AI inferencing and fine-tuning speeds, thanks to...

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020


On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press...

Bitgo to Launch USDS Stablecoin in January 2025


Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills...

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