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US bankers urge action over GENIUS Act loopholes

The American Bankers Association and equivalents from all 50 states plus Puerto Rico and D.C. have written to Senate lawmakers urging them to close loopholes created by the GENIUS Act, the U.S.’s landmark stablecoin legislation.
The letter was sent to Congress as lawmakers consider digital asset ma
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Terraform founder Do Kwon pleads guilty to two fraud charges

Terraform Labs co-founder and former CEO Do Kwon, facing federal charges in the United States over his part in the 2022 collapse of the Terra ecosystem, has changed his plea from not guilty to guilty on two counts of wire fraud and conspiracy to defraud.
According to a report on August 12 from
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The Philippines could unlock ₱1.8 trillion with AI

Artificial intelligence (AI) isn’t just coming to the Philippines; it’s already here, reshaping how Filipinos work, shop, farm, and even interact with their government.
That was the key message from Gabby Roxas, Google’s (NASDAQ: GOOGL) marketing manager for Vietnam and the Philippines, who spoke a
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El Salvador approves investment banks holding digital assets

The El Salvador legislative assembly has approved a law that will let large financial institutions register as investment banks and offer financial services in digital assets to “sophisticated investors.”
The Investment Banking Law was approved on August 7 by El Salvador’s Legislative Assembly
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Steep US tariffs prompt India to speed up global tech ties

The imposition of a 50% tariff on Indian exports to the United States by President Donald Trump has jolted India into action, triggering an urgent reassessment of its technology collaborations and trade alliances. In a bid to mitigate the economic fallout and reduce dependence on the American
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Bitcoin fixes the VPN problem

A few days ago, a video titled Exposing the Billion Dollar Secret VPN Companies Are Hiding went viral among privacy advocates, echoing the concerns I have shared about the technology for many years.
In the video, the host showed, with receipts, how Facebook’s Onavo VPN, marketed as a data‑saving
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Trump’s tariff threatens India’s emerging tech momentum

In a sharp escalation of trade tensions, U.S. President Donald Trump has ordered a significant increase in tariffs on Indian goods, raising them to 50% in response to India’s continued purchase of Russian oil. This decision has triggered intense backlash from India and marks a deepening rift with a
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AI, acquisition, and rise of taste as a competitive edge

This post is a guest contribution by George Siosi Samuels, managing director at Faiā. See how Faiā is committed to staying at the forefront of technological advancements here.
TL;DR: As artificial intelligence (AI) commodifies intelligence, the next enterprise advantage will be taste—discernment, v
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Unraveling how stablecoins power the next Internet economy

In ‘From PayPal to Protocol: Why digital dollars still fall short,’ I discussed how stablecoins are the next iteration of the USD.
However, stablecoins are more than just tokenized fiat currencies; they can be akin to programmable economic permission slips.
In this piece, we’ll explore what that m
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CFTC seeks input on digital asset contract trading plan

The CFTC seeks feedback on allowing futures exchanges to trade spot digital asset contracts under existing regulations, aiming to position the U.S. as a leader in crypto. This initiative follows a White House report suggesting clearer regulatory roles for the CFTC and SEC regarding digital assets.
ai-iconThe abstract is generated by AI
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The double-edged sword of AI in cloud mining

Cloud mining has emerged as a popular entry point for retail investors seeking to profit from digital currencies like BTC, Ethereum (ETH), and XRP without the hassle of managing expensive hardware or navigating
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How mentorship and coaching contribute to startup success

Entrepreneurship is hard. Rejection, failure, and endless grit are all a part of the journey, no matter how brilliant your idea is. The good news is that going through these hardships strengthens us, and the greater your support system, the greater your chance of success.
This is where mentorship a
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Coinbase plots ‘everything’ app/exchange as Base wobbles

The Coinbase (NASDAQ: COIN) digital asset exchange wants to build ‘everything’ products, even as its Base network struggles to handle its existing load.
Base network outage
Everything app, everything exchange
Raising $2 billion
Getting around GENIUS
UK charm offensive off to a bad start
On
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