Author: Benson Mawira

The AFL-CIO has urged the Senate Banking Committee to reject the Responsible Financial Innovation Act.  The union warns that the bill would allow retirement plans, such as 401(k)s, to hold risky cryptocurrency assets, exposing workers’ savings to market volatility. The AFL-CIO has called on the Senate Banking Committee to reject the Responsible Financial Innovation Act. The labour federation argues the legislation would expose workers’ retirement savings to cryptocurrency market volatility while creating new systemic financial risks. In a letter dated October 7, addressed to Chairman Tim Scott and Ranking Member Elizabeth Warren, AFL-CIO Director of Government Affairs Jody Calemine outlined…

Ethereum founder Vitalik Buterin endorsed Coinbase’s Base layer-2 network and said it properly balances centralized features with decentralized security. Critics argue that Base could steal user funds through its centralized security council. Ethereum co-founder Vitalik Buterin publicly endorsed Coinbase’s Base layer-2 network on Tuesday. He praised the platform for balancing centralized features with decentralized security measures. Buterin stated that Base is “doing things the right way” by leveraging centralized aspects to improve user experience. The network maintains security through Ethereum’s decentralized foundation layer. The endorsement comes amid ongoing debates about layer-2 network security and decentralization. Base has faced criticism since…

Despite the US Federal Reserve cutting rates, China kept its main interest rate at 1.40%. The central bank remains cautious about stimulus because exports are performing well and stock markets have surged to decade-high levels. The People’s Bank of China maintained its benchmark interest rate at 1.40% on Thursday, defying expectations for monetary easing just hours after the Federal Reserve reduced US rates. The decision signals Beijing’s cautious approach to economic stimulus amid mixed signals from the domestic economy. China’s central bank injected 487 billion yuan ($68.56 billion) into the financial system through open market operations. The seven-day reverse repo…

Shiba Inu’s lead developer, Shytoshi Kusama, broke his silence about the $2.4 million Shibarium bridge hack. He confirmed he is working with the team in a “war room” to recover stolen funds. Shiba Inu’s enigmatic lead developer Shytoshi Kusama has ended his silence regarding the devastating Shibarium bridge exploit. The attack resulted in $2.4 million being drained from the network’s infrastructure. Kusama’s statement comes after widespread speculation about his whereabouts during the crisis. The developer confirmed he actively coordinates the response alongside core team members. “I remain with the developers and leadership in the war room,” Kusama declared on X,…

US House will review major crypto bills in “Crypto Week” starting July 14, 2025. Proposed legislation seeks to clarify SEC-CFTC oversight of digital assets. Anti-CBDC bill sparks partisan clash amid concerns over privacy and surveillance. In a move that could reshape the crypto landscape, the United States House of Representatives will launch “Crypto Week” starting July 14. Lawmakers aim to address critical gaps in crypto regulation, stablecoins, and the ongoing debate over Central Bank Digital Currencies (CBDCs).  The initiative, led by top Republican lawmakers, seeks to position the US as the global leader in financial innovation. With mounting global competition…

Hong Kong approved Guotai Junan International and Victory Securities to offer crypto trading services. Both companies saw their stock prices surge over 20% after the announcement. The regulatory approval allows traditional brokerages to trade Bitcoin and Ethereum for clients. Hong Kong’s financial landscape experienced a significant shift in June 2025 as traditional brokerages received regulatory approval to offer cryptocurrency trading services. The Securities and Futures Commission granted these licenses amid growing institutional interest in digital assets across Asia’s financial hub. Guotai Junan International emerged as the pioneer in this regulatory milestone. The mainland China-backed brokerage secured full-scope virtual asset trading…

A solo Bitcoin miner with modest equipment beat 1-in-2,800 daily odds and earned nearly $350,000 by successfully mining a single block.  The miner used 2.3 petahashes per second of computing power, and experts estimate this setup would normally find one block every eight years on average. Chinese companies still control most Bitcoin mining operations worldwide despite China’s 2021 mining ban by moving facilities overseas and producing 99% of all mining hardware. A solo Bitcoin miner has achieved an extraordinary feat by successfully mining block 903883 and earning nearly $350,000 in Bitcoin rewards. The miner operated through CKpool solo mining pool…

Metaplanet purchased 1,234 more Bitcoin and now holds 12,345 BTC total, which exceeds Tesla’s current Bitcoin treasury of 11,509 BTC.  The Japanese company aims to acquire 201,112 Bitcoin by 2027 as part of its ambitious expansion strategy. Japanese investment firm Metaplanet announced Thursday the acquisition of 1,234 additional Bitcoin, expanding its corporate treasury to 12,345 BTC. The purchase positions the company ahead of Tesla’s current Bitcoin holdings of 11,509 BTC and reinforces Japan’s growing presence in corporate cryptocurrency adoption. https://Twitter.com/Metaplanet_JP/status/1938070428443910522 The latest acquisition cost approximately 15.6 million Japanese yen per Bitcoin, equivalent to $108,000 at current exchange rates. Bitcoin currently…