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In brief The Bank of England is reportedly reconsidering parts of its stablecoin plan. A 40% reserve floor could cost issuers £11.2 million per £1 billion in circulation. Observers say the bank’s shift could point to a move toward a more workable regime. The Bank of England is reconsidering key parts of its proposed stablecoin rules, softening its push after industry pushback over planned limits on holdings and reserve requirements.Sarah Breeden, the Bank of England’s deputy governor for financial stability, told the Financial Times on Thursday that officials were weighing other approaches to containing stablecoin-related risks as the sector grows.“It…
A data security incident that targeted a Tennessee-based healthcare provider has compromised the sensitive personal information of 67,115 individuals. In a statement, Tri-Cities Gastroenterology says that on or sometime around December 11th, 2025, an unauthorized third-party actor accessed certain systems in the firm’s network environment. The result of the forensic investigation that came out on April 22nd, 2026 shows that the files that were removed from the network contained the protected health information of certain individuals, which include their full name, Social Security number, date of birth, address, email address, telephone number, gender and medical record number. Tri-Cities Gastroenterology says…
In brief U.S. spot Bitcoin ETFs recorded $630.4 million in net outflows on May 13, the largest daily exit in three months. BlackRock’s IBIT led losses with $284.7 million, followed by ARKB ($177.1M) and FBTC ($133.2M). The outflows reflect profit-taking and positioning shifts, rather than a structural drop in institutional demand, per analysts. U.S. spot Bitcoin ETFs bled $630.4 million on Wednesday, the worst single-day outflow in over three months, as back-to-back inflation shocks drove a sharp institutional retreat from risk assets.Farside Investors data show BlackRock’s IBIT bore the brunt with $284.7 million in redemptions, while ARK Invest’s ARKB shed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A £5 million ($6.7 million) gift from crypto billionaire Christopher Harborne has landed Reform UK leader Nigel Farage before a parliamentary standards watchdog over an alleged disclosure failure. The Size Of The Donation According to reports, the money came from Harborne, a British cryptocurrency investor based in Thailand who gave £9 million to Reform UK in a single donation last year — the largest gift to a UK political party by a living person in British history. His total contributions to Reform reached £12 million in 2025.…
The U.S. Senate confirmed Kevin Warsh on Wednesday as the next chair of the Federal Reserve, clearing a pathway for him to take over the central bank’s reins.Following months of tension marked by President Donald Trump’s pressure campaign against Fed Chair Jerome Powell, lawmakers voted 54-45 in favor of Warsh. A Department of Justice investigation into Powell, recently closed, had become a barrier for some officials in supporting Warsh’s nomination.Although Warsh has called some crypto projects fraudulent and worthless, he disclosed earlier this year investments in crypto-native projects such as Polymarket and Solana. In an interview published earlier this year,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Mainstream crypto users don’t care whether a product runs on a blockchain or not. That blunt observation came from Legend CEO Jayson Hobby as he announced the closure of the DeFi mobile app he helped build — and it may be the most honest thing said about crypto consumer products in years. A Costly Lesson in Crypto User Behavior Legend, a mobile-first DeFi aggregator founded by former Compound Finance executives, will go offline on July 12 after roughly two years in operation. The app will continue running…
In brief Bitcoin’s price recently fell short of topping its 200-day moving average, the average closing price over the period. The move mirrors its activity during 2022, which preceded a significant drop in the price. Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday. Bitcoin was unable to surpass its 200-day moving average price around $82,430, according to a report from analytics firm CryptoQuant, cutting short its so-called bear market rally and leaving it at a critical point ahead of its next move. The rejection, though still 37% above its April…
In brief Bitcoin’s price recently fell short of topping its 200-day moving average, the average closing price over the period. The move mirrors its activity during 2022, which preceded a significant drop in the price. Nevertheless, BTC is still well above a key support level around $70,000 as it trades below $80,000 on Wednesday. Bitcoin was unable to surpass its 200-day moving average price around $82,430, according to a report from analytics firm CryptoQuant, cutting short its so-called bear market rally and leaving it at a critical point ahead of its next move. The rejection, though still 37% above its April…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The crypto market faces one of its most consequential regulatory tests this week as the US Senate Banking Committee prepares to vote on the CLARITY Act on Thursday, May 14. The markup session will determine whether the most comprehensive digital asset legislation in American history advances toward a full Senate floor vote — or returns to negotiation. What is happening in the days before that vote is as significant as the vote itself. Crypto America host Eleanor Terret has reported a development that reveals the intensity of…
In brief An X user claimed Anthropic’s Claude AI helped recover access to a Bitcoin wallet holding 5 BTC worth roughly $400,000. The viral posts generated more than 6 million views and sparked debate over AI’s role in crypto wallet recovery. Recovery experts said the screenshots appear to show AI-assisted file analysis rather than Claude “cracking” Bitcoin encryption. An X thread claiming Anthropic’s Claude AI helped recover a long-lost Bitcoin wallet worth roughly $400,000 went viral on Wednesday, drawing millions of views.The posts came from a pseudonymous X user “Cprkrn” who said Claude helped unlock a Bitcoin wallet containing 5…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure At the beginning, Bitcoin, the largest cryptocurrency asset by market cap, was particularly common among retail investors who saw the coin as a speculative asset rather than an actual store of value. However, years later, the cryptocurrency has become a major target for large firms, acquiring the asset at a significant rate. Institutional Bitcoin Holdings Reach New Scale Despite being labeled as a highly volatile asset, Bitcoin continues to see major interest and adoption across the dynamic cryptocurrency sector. One interesting part about this development is the…
In brief Myriad has adopted Chainlink to power its crypto prediction markets, launching with markets for BTC, ETH, BNB and SOL. The Chainlink Runtime Environment (CRE) equips Myriad with a unified orchestration layer to automate market creation, resolution, and settlement. The integration comes as Myriad prepares to scale following its recent seed investment round. Prediction market Myriad has fully adopted Chainlink, the industry-standard oracle platform, to power its crypto prediction markets, starting with markets for BTC, ETH, BNB, and SOL, with RWA markets to follow. Chainlink unlocks high speed prediction markets that provide near real-time payouts for users.Underpinning the integration,…
In brief Metaplanet reported a first-quarter loss of $725 million, a sharp widening compared to $31 million last year The company reported a jump in revenue derived from selling Bitcoin options contracts at $15.8 million. The Tokyo-based company highlighted an expansion in its investor base, reaching 250,000 total shareholders during the period. Metaplanet reported a first-quarter loss of $725 million (¥114.5 billion) on Wednesday, a sharp widening driven by a decrease in the value of its Bitcoin holdings. The firm posted a $31 million (¥5 billion) loss a year ago.During the period ended March 31, the Tokyo-based firm added 5,075…