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Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget
The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in...

Solana news: Moody’s rolls out credit ratings onchain in tokenized asset push
Moody's Ratings is rolling out its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed-income securities to embed the firm's assessments directly into blockchain-based assets. The move,...

BitGo's $50 million buyback sparks rally after shares lost 65% since IPO
Crypto infrastructure provider BitGo's (BTGO) shares jumped as much as 20% on Wednesday after the company announced a $50 million share buyback program to support a stock that has struggled since its public debut earl...

Crypto’s security nightmare won’t be solved by ordinary audits
The crypto sector has been plagued by cybersecurity issues for years. Malicious actors, particularly North Korea’s Lazarus Group , have stolen more than $2.2 billion since 2022, prompting the industry to triple its nu...

Mexican billionaire with 70% of his investment portfolio in bitcoin says it's better than real estate
Mexican billionaire Ricardo Salinas Pliego, whose net worth is estimated at roughly $5 billion, is a bitcoin maximalist. He is so convinced that bitcoin is the best long-term investment that he holds 70% of his invest...

Warsh's first Fed meeting could be more about communication than rates
Federal Reserve Chair Kevin Warsh is heading the central bank's two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshap...

TAO news: A new Bittensor proposal would turn validators into something like fund managers
A new proposal for Bittensor, the decentralized AI network behind the TAO token, would change how the network pays its validators and turn them into something closer to fund managers. Bittensor is built from dozens of...

CoinDesk 20 performance update: Bitcoin Cash (BCH) drops 3.1%, leading index lower
C oinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 1774.43, down 1.5% (-26.19) since 4 p.m.

Elon Musk's SpaceX is now worth nearly twice all of bitcoin at $2.6 trillion
SpaceX (SPCX) has climbed more than 40% since its June 12 debut to a roughly $2.5 trillion market value, making it the sixth-largest company in the world and worth nearly twice the entire bitcoin market. Some of that...