Finance

Bitcoin was trading higher on Wednesday — but only slightly — after the Federal Reserve decided to keep interest rates still.  The leading cryptocurrency was recently priced at close to $64,402 per coin, after moving up by nearly 1% in the hour following the announcement.  As expected, the U.S. central bank left the federal funds … Read more

The American Arbitration Association (AAA), one of the world’s largest providers of private dispute-resolution services, has launched a specialist panel for blockchain and digital-asset cases, giving companies access to arbitrators with expertise in the technical and legal complexities of crypto disputes. On Wednesday, the AAA said that its new Web3 Panel brings together arbitrators with … Read more

Pro-crypto Senator Cynthia Lummis on Wednesday slammed Democrats for holding back the Clarity Act.  Speaking on the Senate floor, Senator Lummis, of Wyoming, spoke of the bipartisan work that had gone into the bill — but questioned why it was stalling.  Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. … Read more

Bipartisan work on the long-awaited Clarity Act continues after Democratic senator Catherine Cortez Masto said that she, along with two law enforcement groups, are feeling “good” about proposed changes to the bill, according to a news report.  Along with the National Association of Assistant U.S. Attorneys and the National District Attorneys Association, Cortez backed changes … Read more

BNY, one of the world’s largest custodian banks, is taking a major step toward blockchain-based financial infrastructure by moving fund ownership records onchain. The New York-based institution will launch a blockchain-based version of its transfer agency business, which manages fund ownership records and investor transactions, the Financial Times reported Wednesday. “We think of BNY as … Read more

I scanned the Bitcoin blockchain for images; what I found will shock you. Much has been said online about the arbitrary data and content that can be found on the Bitcoin blockchain. Not only has this possibility spawned a niche art scene, but it has also led to a movement against ‘non-monetary transactions’ on the … Read more

Bitcoin’s price slid further on Tuesday as investors weighed up the chances of lawmakers voting on the long-awaited crypto Clarity Act.  The price of Bitcoin was recently $63,634 after sliding 2% over a 24-hour period. The cryptocurrency dropped as low as $62,784 at one point.  Market observers now give the Clarity Act a 35% chance … Read more

Trade.xyz, an operator of onchain perpetual markets on Hyperliquid, said it will cover eligible liquidation losses after a price anomaly hit its contract tracking SK Hynix, a South Korean chipmaker and producer of high-bandwidth memory for artificial intelligence. Trade.xyz said the SKHYNIX contract’s mark price fell from $1,127.90 to $917.25 at 23:01 UTC on Monday … Read more