COMELEC Excludes Blockchain From Proposed 2028 Election Budget

The Commission on Elections (COMELEC) has removed blockchain technology components and voter verification systems from its proposed budget for the 2028 general elections, cutting its initial ₱25-billion proposal by approximately ₱6 billion. COMELEC Chairman George Garcia announced yesterday that the decision followed recommendations from the Department of Budget and Management (DBM) to reduce the poll…

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NBI, SEC Arrest SEC Director for Extortion

The National Bureau of Investigation (NBI), in coordination with the Securities and Exchange Commission (SEC), arrested an SEC director for allegedly extorting funds from a private corporation. The statement was sent to media outlets including BitPinas. Following the arrest during an entrapment operation, the Commission placed the director under preventive suspension while the investigation is…

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Bitcoin Treasury Companies Face a Borrow-or-Sell Test

Key Takeaways Strategy sold 32 BTC as traders assessed corporate treasury liquidity decisions. Dividend obligations are increasing scrutiny on reserves, borrowing options, and BTC exposure. Institutional credit structures could reduce forced selling among bitcoin treasury companies. Bitcoin Treasuries Face a New Borrow-or-Sell Test Strategy’s bitcoin sale drew attention less for its size than for what…

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Coinbase Enables Stablecoin Payments Across Checkout.com’s 1,000+ Merchant Network

Key Takeaways Coinbase is expanding stablecoin payments through Checkout.com’s merchant network. Merchants can accept USDC and USDT while settling in dollars. The rollout could test stablecoin demand in mainstream commerce. Checkout.com Partnership Pushes Stablecoins Deeper Into Enterprise Commerce Crypto exchange Coinbase (Nasdaq: COIN) announced on June 2 that Checkout.com is enabling stablecoin acceptance for eligible…

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