Tempo, a blockchain by Stripe and Paradigm, launched its mainnet with the Machine Payments Protocol (MPP) for seamless agentic payments. MPP, co-authored by Stripe, Visa, and Lightspark, streamlines payment coordination between machines, supporting various payment methods.
Senate Republicans are working on passing the Clarity Act to legalize most crypto activities in the US. The bill must pass the Senate Banking Committee and address issues like stablecoin yield and DeFi to succeed before the midterm elections.
The Federal Reserve decided to maintain the federal funds rate at a target range of 3.50% to 3.75%, citing concerns about balancing inflation and a cooling job market. The decision was expected and follows a pause in rate cuts since January.
FTX Recovery Trust will distribute $2.2 billion to creditors on March 31, with additional payments to preferred equity holders later this year. The distribution marks the fourth under FTX’s Chapter 11 reorganization plan, aiming to recover assets for users.
Bitcoin has shown a slight increase amid the Iran conflict, contrasting with struggling bonds and stocks. CoinShares' report highlights Bitcoin's 6-6.5% rise since the crisis began, emphasizing its significance in geopolitical turmoil.
Operation Lightning, led by European and U.S. authorities, targeted the "SocksEscort" service, seizing infrastructure and freezing $3.5 million in cryptocurrency. The investigation uncovered a botnet of infected devices used for criminal activities like ransomware and DDoS attacks.
A recent report by Ark Invest and Unchained suggests that quantum computing poses a future threat to Bitcoin's security, but current quantum systems are not advanced enough to compromise it. The report predicts a gradual progression in quantum development, giving time for Bitcoin to adapt.
A Polymarket account linked to George Cottrell lost over $550,000 on bets about a potential U.S. strike on Iran. The account also wagered on UK Prime Minister Keir Starmer leaving office by a certain date and profited from a bet on Trump winning the 2024 election.
Paraguay, once a Bitcoin mining hotspot, faced illegal operations and electricity theft, prompting the government to consider launching its own mining operation using confiscated machines.
Florida's Senate Bill 314, passed unanimously, defines stablecoins as "monetary value" under existing regulations. The bill awaits Governor Ron DeSantis' signature, who is expected to approve it within 30 days. The legislation also allows the Florida Department of Financial Services to accept stablecoins for payments.
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