The ‘Passive vs. Active’ Yield Pivot Representatives from the digital asset industry met with the U.S. Senate Banking Committee on Monday, March 23, for a closed-door review of an agreement between the White House and a bipartisan Senate duo—Thom Tillis (R-NC) and Angela Alsobrooks (D-MD)—regarding stablecoin rewards. The deal aims to unblock the CLARITY Act…
Step Deal Draws Senate Scrutiny Over Teen Crypto Access Sen. Elizabeth Warren is turning up the pressure on Beast Industries after it acquired Step, a fintech app built for teenagers that once allowed minors to trade crypto with parental approval. In a letter dated March 23, Warren asked Beast Industries founder Jimmy Donaldson, widely known…
CFTC Targets Emerging Tech Oversight Framework Regulatory priorities for emerging financial technologies advanced as the Commodity Futures Trading Commission (CFTC) announced on March 24 that Chairman Michael S. Selig has formed the Innovation Task Force. The effort focuses on oversight of novel products developing in U.S. derivatives markets. Operational design of the task force centers…
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated. 📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter. Listen to our latest episode Manila City Mayor Francisco…
OpenAI Funding Push Extends Runway Ahead of Potential IPO Bloomberg reported on Tuesday that OpenAI is nearing a deal for roughly $10 billion in additional primary equity, with investors including MGX, Coatue Management, Thrive Capital, and possibly Altimeter Capital. The tranche is priced at the same $730 billion pre-money valuation set during the company’s February…
From Fishing Rods to Riches: Ireland Recovers $32M in ‘Lost’ Bitcoin from 2019 Case On Tuesday, The Irish Times reported that Irish investigators achieved a massive technical breakthrough by gaining access to a dormant wallet containing 500 BTC, valued at roughly $32 million (€30 million). This single victory marks the first successful entry into a…
New Transparency Push for Tether With Major Financial Audit Tether, the issuer of the world’s largest stablecoin, has announced plans to undergo its first full independent financial audit by a Big Four accounting firm. The move marks a major step for a company that has long faced scrutiny over its reserves and transparency. According to…
CLARITY Act Compromise Limits Stablecoin Earnings, Leaves Gray Areas The revised Digital Asset Market Clarity Act, unveiled to industry participants in a closed-door Capitol Hill session on Monday, allegedly bans passive yield on stablecoin balances while permitting rewards tied to user activity such as trading or payments. That distinction sounds neat on paper, but early…
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated. 📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter. Listen to our latest episode Local telecommunication companies are…
Bitgo Enables $100K+ Prediction Market Trades via OTC Desk The partnership, announced Tuesday in New York and shared with Bitcoin.com News, connects Bitgo Prime’s over-the-counter (OTC) desk with liquidity provided by Susquehanna Crypto, creating what the firms describe as an institutional-grade framework for trading event-driven contracts. At its core, the offering allows hedge funds, family…
