Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. Wings of a Dove Crypto stocks (and the rest of the crypto and stock market) are soaring thanks to a big boost from Federal Reserve Chair Jerome Powell’s dovish speech at the Jackson Hole Symposium on Friday morning. Crypto
After a report surfaced this week alleging that the SEC was investigating Jon Isaac for fraudulent practices in a billion-dollar deal between Alt5 Sigma and World Liberty Financial, Isaac rebuked these statements, dissociating himself from the company’s leadership team. Looking into the matter, BeInCrypto uncovered that Isaac and Alt5 Sigma, which used to be branded
A significant step has been taken in the Philippines regarding cryptocurrency markets. Representative Migz Villafuerte has introduced Bill 421 to the House of Representatives. Strategic Bitcoin Reserve Proposal from the Philippines The bill envisions the creation of a “Philippine Strategic Bitcoin Reserve” to strengthen the country’s national security and debt stability. Under the proposal, the
Fed Chair Jerome Powell announced today an updated monetary policy approach that prioritizes price stability and leaves some elements of the previous framework behind. Powell’s speech at the annual conference in Jackson Hole indicated that the Fed’s new framework moves away from its “make-shift” strategy and emphasis on low interest rates in 2020. The new
Bitcoin surged following Jerome Powell’s remarks at the Federal Reserve’s annual Jackson Hole symposium, igniting fresh momentum in a bull market that has been quietly grinding higher since early 2024. For much of this cycle, Bitcoin’s rise has come against a headwind of monetary tightening. The story of this bull run began when BlackRock filed
Is Jack Dorsey’s Bitchat really a chat app, or an experiment in how digital society might look without central authorities at all? Summary Jack Dorsey’s experimental messenger Bitchat is expanding from short-range Bluetooth mesh into location-based chat, grouping users by geohashes and giving them temporary pseudonyms. Bitchat positions payments as part of messaging itself, offering
Hong Kong’s financial sector is grappling with an unprecedented surge of interest in real-world asset (RWA) tokenization as mainland Chinese institutions pour resources into developing blockchain-based products in the city. The big moves follow the rollout of its new stablecoin licensing framework. Industry leaders and advisers are now pressing the government to accelerate regulatory measures
The Bitcoin (BTC) price bounced back over $116,500 today, recording more than 3% daily gains after dipping to $112,000 earlier in the week. The rally came as Jerome Powell hinted that rate cuts might be coming if the job market gets weaker. Now, markets think there iss a 90% chance of a cut this year.