Articles for category: Crypto

October 1, 2025

viralnado

Coinbase Executive Highlights Crypto’s Vital Role for AI in Financial Markets

In a recent interview on CNBC’s Squawk Box, John D’Agostino, the head of institutional strategy at Coinbase, emphasized the necessity of cryptocurrency for artificial intelligence (AI) agents to function optimally within financial markets. He argued that the existing frameworks of traditional finance are insufficiently equipped to support the rapid advancements in AI technology. D’Agostino pointed out that if AI agents are to act on behalf of individuals, they require access to “true sources of information.” The use of outdated financial systems could lead to poor outcomes, he warned. “Artificial intelligence is infinitely scalable intelligence,” he said, adding that blockchain serves

October 1, 2025

viralnado

Bitcoin Community Divided Over Proposed Upgrade That Threatens Censorship Resistance

The ongoing saga within the Bitcoin community intensifies as recent leaks concerning developer Luke Dashjr suggest a potential network upgrade that could empower a select committee to censor certain transactions. This controversy has raised questions about Bitcoin’s foundational principles, particularly its commitment to decentralization and censorship resistance. According to a report from tech media outlet The Rage on September 25, 2023, Dashjr may be entertaining the idea of a contentious hard fork aimed at establishing a “trusted” committee with authority to retroactively delete illegal content from the Bitcoin blockchain. Observers express concern that such a move would undermine the very

October 1, 2025

viralnado

MEXC Ventures Expands Ethena Investment to $66 Million

MEXC Ventures has significantly increased its financial commitment to the Ethena ecosystem, raising its total investment to an impressive $66 million. This announcement was made public through a press release distributed to CoinDesk, highlighting the venture firm’s growing focus on decentralized finance (DeFi) and synthetic assets. The latest infusion includes a strategic $14 million stake in ENA, the governance token of the Ethena protocol. This move is an extension of MEXC’s earlier investments this year, which comprised a $16 million acquisition of ENA and a noteworthy $20 million investment in USDe, a synthetic stablecoin aimed at mirroring the US dollar’s

October 1, 2025

viralnado

Ethical Hackers Shield Crypto Ecosystem: Recognizing Champions of Safety

In an age where digital threats loom large, ethical hackers are proving to be a vital line of defense for the cryptocurrency sector. The recent introduction of the Safe Harbor Agreement by the crypto security nonprofit Security Alliance, or SEAL, aims to empower “white hat” hackers to counteract malicious activities without the fear of legal repercussions. The inspiration for this initiative arose from a significant hacking incident in August 2022, when black hat hackers siphoned off $190 million from the Nomad bridge. As tension mounted, many white hats contemplated intervening but paused due to uncertainties regarding their legal standing. Recognizing

October 1, 2025

viralnado

Animoca Insights: The Rise of Universal Exchanges in the Evolving Crypto Landscape

As the cryptocurrency market continues to mature, major exchanges are undergoing a transformation, evolving into comprehensive platforms that integrate decentralized finance (DeFi) functionalities. This shift, highlighted in a recent report by Animoca Brands, hints at the emergence of “universal exchanges” (UEXs) that could reshape user engagement in the crypto sphere. In the analysis shared with The Defiant, Animoca Brands indicates that centralized crypto exchanges (CEXs) are facing increasing competition from DeFi platforms and on-chain tools. Users are gravitating towards services that offer more than basic trading capabilities, and CEXs are responding by broadening their offerings. Animoca asserts that these universal

October 1, 2025

viralnado

White House Withdraws Brian Quintenz’s CFTC Chair Nomination Amid Industry Controversy

The White House has officially retracted the nomination of Brian Quintenz to chair the Commodity Futures Trading Commission (CFTC), bringing an end to a contentious process that has unfolded over the past month. The decision marks a significant shift in the U.S. administration’s approach to managing crypto regulations, as Quintenz has been a notable proponent of the industry. Quintenz, a former CFTC commissioner, was nominated by President Donald Trump shortly after his return to office. Since exiting the CFTC, Quintenz has taken on a role at venture capital firm Andreessen Horowitz, where he leads global policy efforts and serves as

October 1, 2025

viralnado

Brian Quintenz No Longer Considered for CFTC Chair Position

The Trump administration has officially withdrawn the nomination of Brian Quintenz to lead the Commodity Futures Trading Commission (CFTC). This development was reported by Politico on Tuesday, based on information from sources familiar with the situation. Quintenz, a former commissioner at the CFTC, had been selected by President Donald Trump for the position of chair and was expected to guide the regulatory body that oversees the U.S. derivatives markets. However, the White House’s decision to rescind his nomination has left the future of the CFTC and potential leadership changes in limbo. Expressing his thoughts on the withdrawal, Quintenz remarked, “Being

September 30, 2025

viralnado

Animoca Brands Predicts Emergence of “Universal Exchanges” as DeFi Gains Traction

In a notable shift within the cryptocurrency landscape, leading exchanges are transforming into multifunctional platforms by integrating decentralized finance (DeFi) features. Research from Animoca Brands suggests that this evolution is paving the way for the rise of so-called “Universal Exchanges” (UEXs), which aim to offer users a comprehensive suite of services beyond merely trading digital currencies. The report, shared with The Defiant, highlights that UEXs could attract a broader audience thanks to their ability to provide a variety of options, including on-chain tokens and tokenized versions of real-world assets. While centralized exchanges (CEXs) have played a crucial role in the

September 30, 2025

viralnado

SEC’s No-Action Letter to DoubleZero Marks Progress for Decentralized Networks, Says Commissioner Peirce

The U.S. Securities and Exchange Commission (SEC) recently issued a no-action letter to DoubleZero, a decentralized infrastructure startup, a move that heralds significant advancements for blockchain-based initiatives, according to SEC Commissioner Hester Peirce. This decision indicates a shift towards regulatory clarity that Peirce has long advocated for in the crypto sector. The no-action letter essentially allows DoubleZero to operate without the worry of registration complaints related to the tokens it issues, which aim to facilitate a decentralized physical infrastructure network (DePIN). In her remarks, Peirce emphasized that this decision provides necessary leeway for innovative blockchain efforts while keeping the SEC

September 30, 2025

viralnado

Crypto Market Retreats Amid U.S. Government Shutdown Fears

The cryptocurrency market experienced a dip on Tuesday, September 30, as broader economic concerns, particularly the looming threat of a U.S. government shutdown, weighed heavily on investor sentiment. Following a day of gains, major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) saw declines, prompting discussions about the potential impact of macroeconomic conditions on digital assets. As of the latest data, Bitcoin’s price stood at approximately $113,101, reflecting a decrease of around 0.7% within the day, while Ethereum traded near $4,120, down about 1.1%. This retreat isn’t limited to the leading cryptocurrencies; other top altcoins faced similar pressures. Solana dropped by