Day: February 12, 2026

UK Treasury taps HSBC’s Orion blockchain to pilot first G7 digital gilt

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The initiative aims to accelerate settlement times and reduce costs in government bond trading. The UK Treasury has selected HSBC Holdings, Europe’s largest bank by assets, and Ashurst, a prominent international law firm, to lead a pilot program for digital gilt, a move that could make the UK the first G7 country to issue sovereign bonds directly on a blockchain. The pilot will take place in the Bank of England’s digital sandbox, providing a regulated environment to test tokenized government securities. Digital gilts are government bonds issued as digital tokens…

Ethereum Price Cracks $2,000, Opening Door To Deeper Selloff

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Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remain at risk of another decline below $1,950. Ethereum struggled to extend gains above $2,020 and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Dips Further Ethereum price failed to stay above…

Paxful To Pay $4M For Moving Funds Tied to Criminal Schemes

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Peer-to-peer crypto exchange Paxful has been ordered to pay $4 million after admitting it knowingly profited from criminals who used its platform because of its lack of anti-money laundering checks. The Justice Department said on Wednesday that Paxful was sentenced to pay the fine after pleading guilty in December to conspiring to promote illegal prostitution, knowingly transmitting funds derived from crime and violating anti-money laundering requirements. “Paxful profited from moving money for criminals that it attracted by touting its lack of anti-money laundering controls and failure to comply with applicable…

Elon Musk Announces X Money Limited Beta Launch Within Months

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X Money, an upcoming payments system that forms part of Elon Musk’s “everything app” plans, is scheduled to come out as a “limited beta” in the next two months before launching to X users worldwide.  Musk gave the new timeline at his AI company’s “All Hands” presentation on Wednesday, during which he said that X Money was already live “in closed beta within the company.”  “This is intended to be the place where all money is. The central source of all monetary transactions,” he said, calling it a “game changer.”…

Coinbase Launches Crypto Wallets Purpose-Built For AI Agents

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Coinbase has launched crypto wallet infrastructure that allows AI agents — programs that can think and transact without human input — to spend, earn and trade crypto.  In a post on Wednesday, Coinbase programmers Erik Reppel and Josh Nickerson said the new Agentic Wallets feature aims to build on today’s agents, which can answer questions, summarize documents, and assist with tasks, but can’t execute trades or orders on behalf of users. “The next generation of agents won’t just advise — they’ll act,” the pair said, adding that AI agents will…