Category: Bitcoin News

Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months.  “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which aired on Friday.  “It’s using a peer-to-peer-based encryption system, kind of similar to Bitcoin. It’s very good encryption; we’re testing it thoroughly.”  Musk said he hopes the new messaging app will be released in a…

A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around…

The race to develop stablecoin infrastructure is heating up across Wall Street and corporate America. Citigroup is moving ahead with plans to expand its stablecoin payment capabilities, amid growing speculation that major financial institutions are exploring stablecoin initiatives following the passage of the US GENIUS Act — comprehensive legislation expected to take effect in early 2027. The momentum extends beyond banks. Western Union announced plans to build a stablecoin payment network on Solana, underscoring how traditional payment providers are embracing blockchain for faster and cheaper cross-border transactions. Meanwhile, the Bitcoin…

A US appellate court has ruled against Custodia Bank, the crypto-friendly institution founded by Caitlin Long, siding with the Federal Reserve in a lower court decision. In a Friday judgment in the US Court of Appeals for the Tenth Circuit, three circuit judges affirmed a lower court ruling in the District of Wyoming. The appeal, filed in April 2024 after the court ruled against granting Custodia a US Federal Reserve master account, was the latest setback since the crypto-friendly bank first submitted its application in October 2020. “This case comes…

US Treasury Secretary Scott Bessent praised Singapore’s leadership in stablecoin and digital asset adoption during a meeting with Prime Minister Lawrence Wong on Friday, according to an official readout from the US Department of the Treasury.  The discussion was held at the Asia-Pacific Economic Cooperation (APEC) 2025 summit in Gyeongju, South Korea, where world leaders are meeting to discuss global growth, energy security and technology. Bessent also told APEC leaders during the Economic Leaders’ Informal Dialogue that through their work with APEC economies, the US is “seeing record levels of…

Bitcoin (BTC) is about to disappoint investors, as it’s on the verge of ending October, a historically good month, in the red. Meanwhile, BNB Chain has seen record activity as token prices jumped at the beginning of October. In the EU, the territory is still shifting as countries decide whether to support the “Chat Control” proposal, with nine opposing it outright. Concern over the lack of support saw lawmakers in Brussels delay their decision on the controversial regulation until December. While the US government shutdown has ground to a halt…