Web3News newsroom
News briefs compiled by the Web3News desk from reporting across the industry. Every brief names and links the outlet that first reported the story.
- Bitcoin
Bitcoin absorbs Fed rate hike as officials see more tightening
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.
Web3News newsroom1 min read
- Altcoins
‘Not the end’: Sen. Gillibrand says Democrats still committed to passing Clarity Act
Industry analysts say it is highly unlikely for the bill to pass this Congress, and instead pointed to the SEC and CFTC's rulemaking efforts.
Web3News newsroom1 min read
- Bitcoin
House committee moves to codify Trump’s Strategic Bitcoin Reserve
A House committee advanced a bill to create a strategic bitcoin reserve, which would codify Trump's plan for permanent bitcoin holdings.
Web3News newsroom1 min read
- Policy
US lawmakers advance bill to lock Trump’s Bitcoin reserve into law
The legislation seeks to codify Trump’s Bitcoin reserve policy, locking up Bitcoin acquired through civil and criminal forfeiture for 20 years.
Web3News newsroom1 min read
- Finance
Amex launches business savings account
American Express has launched a business high-yield savings account designed to help users earn more on their deposits and manage their finances in one place.
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- Finance
After securing Colombian banking licence, Revolut applies for another in Switzerland
Revolut continues its global expansion, securing a bank licence in Colombia and applying for another in Switzerland.
Web3News newsroom1 min read
- Finance
Grab agrees $1.49bn deal to buy majority stake in Apac BNPL platform Atome
Grab, the Singapore-based firm that began life as a ride-hailing app before expanding heavily into financial services, has agreed to purchase a 60% stake in buy now, pay later provider Atome Financial for $1.49 billion in cash.
Web3News newsroom1 min read
- Finance
Zopa rolls out personal banking agent
UK bank Zopa is rolling out a conversational AI to current account customers, billing it as an 'always-on personal banker'.
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- Finance
The SpaceX IPO Gave This Couple License to Chase Their Dreams
They quit their jobs and budgeted $25,000 a month for a year of fun.
Web3News newsroom1 min read
- Regulation
UK Report Calls for Ban on Gambling Ads: Is This the Answer to Address Gambling Harm?
A House of Lords Liaison Committee’s report in the UK has called for a comprehensive ban on gambling advertising, marketing, and sports sponsorship. The report notes that between 1 and 1.5 million British adults, around 2.4% of those aged 18 or over, meet criteria for problem gambling. It…
Web3News newsroom1 min read
- Policy
After Clarity Act Stalls, SEC and CFTC Say They’ll Write Crypto Rules on Their Own
SEC Chair Paul Atkins and CFTC Chair Michael Selig said Wednesday they will act under existing authority after the Clarity Act stalled. JPMorgan analysts noted agency rules can be repealed by later administrations or challenged in court. The post After Clarity Act Stalls, SEC and CFTC Say…
Web3News newsroom1 min read
- Policy
UK Sets Crypto Licensing Rules as Treasury Plans to Exempt Some Stablecoin Payments
The Financial Conduct Authority published final guidance on which crypto activities need its authorization, and said it will consult on changes after Treasury drafted exemptions for UK stablecoin payments and some DeFi interfaces. The post UK Sets Crypto Licensing Rules as Treasury Plans to…
Web3News newsroom1 min read