US Senators Introduce Bill to Update the Bank Secrecy Act

A group of US senators led by Senate Banking Committee Chair Tim Scott (R-S.C.) has introduced legislation to modernize the Bank Secrecy Act, the foundation of the country’s Anti-Money Laundering (AML) framework.  The Bank Secrecy Act, passed in 1970, obliges banks, credit unions, and other financial institutions to help federal authorities detect and prevent financial … Read more

DraftKings’ New Predictions Markets to Use Polymarket’s Clearinghouse

American sports betting platform DraftKings is tapping Polymarket as the clearinghouse for its new prediction market, an industry that clocks over $4 billion in monthly trading volume. “Congrats to DraftKings on their acquisition of Railbird. We’re proud for Polymarket Clearing to be their designated clearinghouse as they enter the prediction market space,” Polymarket CEO Shayne … Read more

Ken Griffin’s Citadel Takes Stake in Solana Treasury Company

Ken Griffin, the billionaire founder and CEO of Citadel, has disclosed a 4.5% stake in DeFi Development Corp. (DFDV), a digital asset treasury company focused on accumulating Solana. According to a Schedule 13G filing with the US Securities and Exchange Commission (SEC), Griffin holds just over 1.3 million shares, representing about 4.5% of DeFi Development’s … Read more

Near Instant Transfers Now Possible on Ethereum Mainnet

Ethereum transactions can now be preconfirmed in just a fraction of a second with new tech from an Ethereum infrastructure platform. Primev says its FAST RPC (Remote Procedure Call) allows transactions to be preconfirmed and set for inclusion in blocks in under 200ms — enabling everything from Ether (ETH) transfers and interacting with smart contracts … Read more

Tensions Flare Up Between US Lawmakers and Crypto Industry Execs

Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector. Democratic senators accused industry executives of acting as an extension of the Republican Party after a … Read more

Tensions Flare Up Between US Lawmakers and Crypto Industry Execs

Deliberations over the crypto market structure bill between industry executives and US lawmakers hit a fever pitch on Wednesday in a tense meeting, following a leaked proposal from Democrats to impose permissioned requirements on the decentralized finance (DeFi) sector. Democratic senators accused industry executives of acting as an extension of the Republican Party after a … Read more

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Researchers at tech giant Google said they mapped out the structure of a molecule 13,000 times faster than the most powerful “supercomputers” available today, achieving the first verifiable quantum advantage. The experiment used Google’s Willow Quantum processor and “quantum echoes,” a technique that uses targeted waves to image an object in detail, according to Google. … Read more

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Researchers at tech giant Google said they mapped out the structure of a molecule 13,000 times faster than the most powerful “supercomputers” available today, achieving the first verifiable quantum advantage. The experiment used Google’s Willow Quantum processor and “quantum echoes,” a technique that uses targeted waves to image an object in detail, according to Google. … Read more