The company behind the Republic of the Marshall Islands’ universal basic income (UBI) program using a US dollar-pegged sovereign financial instrument has attracted some significant crypto-tied backers. In a Tuesday notice shared exclusively with Cointelegraph, M1X Global announced that it had launched following a $3 million angel investment round by current and former executives connected
European Central Bank Executive Board member Piero Cipollone said on Tuesday that the ECB expects by this summer to announce the European standards it will use for a potential digital euro, a step aimed at helping payment providers and merchants prepare their systems ahead of any issuance decision. Cipollone told European Union lawmakers that, once
CoinDesk 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 2063.87, up 2.9% (+58.76) since yesterday’s close. All 20 assets are trading higher. Leaders: XLM (+6.0%) and AAVE (+5.8%). Laggards: DOT (+0.6%) and BCH (+0.8%). The CoinDesk 20 is
OpenAI plans to shut down its Sora AI video generator just months after launching a standalone app, as the company moves to simplify its product lineup and redirect resources toward core AI systems. We’re saying goodbye to the Sora app. To everyone who created with Sora, shared it, and built community around it: thank you.
Bitmine Immersion Technologies (BMNR), led by Fundstrat Global Advisors’ co-founder Thomas “Tom” Lee, is rolling out its MAVAN staking solution after months of infrastructure preparation, the company announced Wednesday. MAVAN, short for Made-in-America Validator Network, is a proprietary staking platform built to dominate institutional Ethereum staking and expand into broader blockchain infrastructure services. It was first
Elon Musk halted a planned overhaul to X’s Creator Revenue Sharing program after international creators warned the changes would penalize legitimate English-language accounts. X Head of Product Nikita Bier had announced the update would take effect on Thursday, weighing impressions from a creator’s home region more heavily to discourage foreign accounts from targeting US and
Circle Internet Group (CRCL) dropped 20% on March 24 after the Clarity Act’s draft language banned passive stablecoin yield, erasing an estimated $4.6 billion in market value. The sell-off hit as three forces converged on Circle simultaneously. A yield ban rattled investors, rival Tether ($USDT) announced a Big Four audit, and 16 $USDC business wallets
GameStop just dropped a mixed set of numbers in its latest earnings report on Tuesday, where Q4 net sales came in at $1.104 billion, down from $1.283 billion a year earlier.Even with that drop, net income still landed at $127.9 million, just under the $131.3 million reported in the prior-year quarter. GameStop also published its