BJ Anchorage Digital CEO Nathan McCauley denied reports that the U.S. Department of Homeland Security (DHS) is investigating the crypto bank, calling the reporting “bullshit” during a panel discussion at Consensus 2025 in Toronto on Wednesday In an article published last month, business publication Barron’s reported that DHS’s money laundering and financial crimes unit, the El … Read more
Cantor Fitzgerald Chairman Brandon Lutnick personally verified Tether’s reserves when the firm began its relationship with the stablecoin giant, he said on Wednesday at Consensus 2025 in Toronto. The 27-year-old said that in the early days of Cantor Fitzgerald and Tether’s relationship, there were “a lot of rumors” that Tether didn’t have the assets it … Read more
TORONTO — Despite a recent setback, U.S. President Donald Trump should be able to sign stablecoin and market structure legislation before Congress goes on break in August, said White House official Bo Hines on Wednesday. Lawmakers are still discussing the legislation, which is good, said Hines, the executive director of the President’s Council of Advisers … Read more
As the stablecoin competition is heating up with looming regulation in the U.S., traditional finance institutions are taking notice—largely out of fear of losing out to digital dollars, said Ben Reynolds, BitGo’s managing director of stablecoins, at Consensus 2025 in Toronto. Speaking at a panel discussion, he said that BitGo’s recently launched stablecoin-as-a-service has seen … Read more
Shares of eToro climbed nearly 29% in their debut on the Nasdaq exchange after going public at a roughly $4.2 billion valuation on Tuesday. Stock indexes saw mixed results on Wednesday, with the S&P 500 and Nasdaq trading higher and the Dow Industrials lower. Bitcoin (BTC) drifted modestly lower to $103,400.. EToro had sold nearly … Read more
Sam Altman’s blockchain project World has sparked controversy in the past due to its use of iris-scanning technology to create digital identities. But World Foundation Advisor Liam Horne says that the controversy around that technology, known as orbs, is often misunderstood. It’s “actually the complete opposite,” of what critics share regarding World or Altman owning … Read more
Bitcoin’s (BTC) long-term potential remains largely untapped, according to Dan Morehead, founder and CEO of Pantera Capital, who took the Mainstage at Consensus 2025 in Toronto on Wednesday. “There are a couple more decades to go of outsized returns in bitcoin,” Morehead told the audience, underscoring Pantera’s ongoing conviction in the asset class. Morehead offered … Read more
ADA’s Charles Hoskinson wants crypto’s tribal warfare to end, and he’s prepared to drop tokens on 37 million wallets across eight different blockchains to make peace. “Every Consensus, there’s a new token… running around saying, ‘my thing is better than your thing,’” Hoskinson said on stage at Consensus 2025 in Toronto. “The Nash equilibria is … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. This is Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech team. In this issue: Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share Ethereum’s Next Upgrade ‘Fusaka’ Could … Read more
U.S. President Donald Trump’s crypto ventures, including the launch of his TRUMP memecoin in January, have complicated bipartisan efforts to get stablecoin legislation passed, Rep. French Hill, a lawmaker at the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto. However, Hill — chairman of the House Financial Services Committee, … Read more
