I can’t count the number of times I stood outside my neighborhood church and lied to myself about my smartphone usage. Over the past decade, my daughters have often stopped to play on the church’s thick grass lawn. That’s when I engage in the ritual of pulling the device from my pocket to pass the…
XRP prices surged to $3.04 the previous day, but subsequently retreated to $2.94, encountering short-term resistance. The recent surge was primarily driven by rising expectations for an ETF and active institutional investors in the derivatives market. XRP futures contracts listed on the Chicago Mercantile Exchange (CME) have reached 386 million XRP, a 74% increase from…
Summary French Hill said the CLARITY Act could resolve issues left open by the GENIUS Act. Hill noted the House passed the CLARITY Act with bipartisan backing, including 78 Democratic votes. Lawmakers aim to ensure equal rules for bank and nonbank stablecoin issuers, Hill said. French Hill, chair of the U.S. House Financial Services Committee,…
Ripple is taking another major step to strengthen its global regulatory footprint. The blockchain payments company has announced plans to acquire BC Payments Australia, a move that will allow it to secure an Australian Financial Services License (AFSL) and expand its operations in one of the Asia-Pacific region’s key financial markets. The acquisition represents a…
I never thought I’d happily eat a steak out of an air fryer. But the Dreo Chefmaker is also not just an air fryer. It is instead a meat machine. It’s one of the most compelling cooking devices I tested last year, able to cook a ribeye steak to whatever temperature you set, then brown…
Circle’s USDC has overtaken Tether’s USDT in adjusted stablecoin transaction volume for the first time since 2019, signaling a notable shift in how digital dollars are actually being used across crypto markets. A March 13 research note from Mizuho Securities analysts Dan Dolev and Alexander Jenkins found that USDC has processed about $2.2 trillion in…
Elon Musk has forced out additional xAI co-founders and employees as the startup reorganizes after being acquired by his aerospace company, SpaceX, ahead of a potential initial public offering. xAI has been undergoing internal restructuring since mid-February after the merger. Musk confirmed several staff departures during an all-hands meeting last month, after co-founders such as…
The latest U.S. inflation data released at 8:30 AM ET is drawing attention across financial markets, particularly among cryptocurrency investors. The Consumer Price Index (CPI) rose 0.3% in February, bringing the annual inflation rate to 2.4%, according to the U.S. Bureau of Labor Statistics. Both figures matched economists’ expectations, suggesting inflation pressures are stabilizing but…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s dollar-pegged stablecoin RLUSD is seeing a period of supply reductions, with millions of tokens permanently removed from circulation in a series of burn transactions tied to Ripple’s treasury activity. Blockchain trackers monitoring RLUSD activity show that multiple large burns have taken place…
After widespread complaints that Facebook has become an “AI slop hellscape,” Meta on Friday announced new tools to detect impersonation, as well as updated creator guidelines that better define what Facebook considers to be “original content.” Last year, the company announced a crackdown on spammy and unoriginal content -— things like repeatedly reusing someone else’s…
