The use of crypto in the United States in 2023 was more common in “underbanked” households than in those that were fully banked, the Federal Deposit Insurance Corporation (FDIC) revealed. The FDIC’s Nov. 12 report surveyed about 60,000 households, finding that 6.2% of underbanked households used crypto, compared with 4.8% of those with full banking […]
Security News
Tether launches open-source wallet development kit for humans and AI
The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular […]
Trump’s 2nd term to start with trifecta as Republicans tipped to win House
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win. Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a […]
Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse […]
Elon Musk reposts call to end the Federal Reserve Bank
Elon Musk appeared to support a call to end the Federal Reserve Bank in the United States after reposting a tweet from Utah Senator Mike Lee — who called for greater executive oversight over monetary policy and abolishing the central bank. Lee argued that Federal Reserve chairman Jerome Powell’s recent assertion that he would not […]
Norway supports MiCA, considers CBDC for financial stability
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), […]
WalletConnect Foundation and Reown establish UX standards framework
The WalletConnect Foundation and Reown have Launched WalletGuide — a comprehensive guide to crypto wallets and WalletConnect Certified — a set of user experience (UX) standards to encourage better design, quality, and user interfaces across the blockchain wallet ecosystem. Currently, 19 wallets have been awarded the WalletConnect certification, including Binance Web3 Wallet, SafePal Wallet, TokenPocket, […]
Norway supports MiCA, considers CBDC for financial stability
Norges Bank, Norway’s central bank, has endorsed the European Union’s Markets in Crypto-Assets Regulation (MiCA) as the country evaluates the potential adoption of a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank’s CBDC project, said in an interview with Cointelegraph that Norway, as a member of the European Economic Area (EEA), […]
Crypto mixer Bitcoin Fog founder receives 12.5-year prison sentence
Roman Sterlingov, the founder of the darknet’s oldest cryptocurrency mixer “Bitcoin Fog” has been sentenced to 12.5 years in prison as part of the United States government’s broader crackdown on crypto mixers. It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence for Sterlingov following his March conviction by a jury on charges of money […]
Crypto community reacts to reports of Wall St. lawyer up for SEC chair role
Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and […]