Kyrgyzstan Approves CBDC Pilot, Grants Digital Som Legal Tender Status

Kyrgyzstan has taken a major step toward embracing digital currency, as President Sadyr Zhaparov signed a constitutional law authorizing a central bank digital currency (CBDC) pilot project. The initiative formally grants legal tender status to the “digital som,” a virtual version of the country’s national currency. Announced by the presidential office on 17 April 2025,…

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Congress has questions about 23andMe bankruptcy

3The leaders of the House Committee on Energy and Commerce said they are investigating how 23andMe’s bankruptcy might affect customers’ data. Representatives Brett Guthrie, Gus Bilirakis, and Gary Palmer (all Republicans) sent a letter Thursday to the genetic testing company’s interim CEO Joe Selsavage asking a number of questions about how 23andMe will handle customer…

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Charles Schwab CEO teases direct spot crypto trading

Charles Schwab Corp. is signaling serious momentum in the crypto space—and it’s only getting started, according to the firm’s new CEO, Rick Wurster. The Westlake, Texas-based firm is already capitalizing on strong engagement with digital assets and is poised to expand its offerings even further, Wurster explained on a recent conference call. According to a…

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Bitcoin and Ethereum Fees Collapse: Transaction Costs Plunge Over 90% Year-on-Year

Operational expenses for executing transactions on the two leading layer one (L1) blockchain protocols have diminished notably relative to the same period in 2024, reflecting a striking recalibration. Cheaper Than Ever: Blockchain Users Reap Benefits of Fee Freefall Reflecting on last April, the average fee to transact on the Bitcoin blockchain hovered at $16.16 per…

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