Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances. BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule… Read More
Stablecoin yield would be prohibited under the newly released agreement between U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) addressing that contentious part of the crypto market structure legislation in a compromise that’s broadly similar to what’s been discussed since the start of the… Read More
Robinhood (HOOD) missed its first-quarter earnings and revenue estimates after reporting a sharp decline in crypto trading revenue, even as growth in other parts of its business pushed overall revenue higher. The popular trading platform reported first-quarter adjusted earnings per share of $0.38, missing Wall… Read More
The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out. You’re reading State of Crypto, a CoinDesk newsletter looking… Read More
A few hundred of the top $TRUMP memecoin holders were treated to some personal time with U.S. President Donald Trump and his high-profile guests on Saturday at an event at his Florida club in which Trump warned bankers against getting in the way of crypto… Read More
The modern financial system was never designed for machines. It was built around the constraints of human life: geography, sleep cycles, paperwork, and physical presence. But as AI agents begin to act as economic participants, that human-centric design is starting to look less like a… Read More
