Author: WebDesk

Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars may quietly reshape credit markets and funding across the financial system. Bank of America Warns Stablecoins Could Drain Bank Deposits A major U.S. financial institution highlighted potential risks tied to the […] Credit: Source link

Terrill Dicki Jan 17, 2026 01:38 OpenAI introduces new U18 Principles to its Model Specification, establishing age-appropriate AI safety guidelines for teenage ChatGPT users ages 13-17. OpenAI has updated its Model Specification—the rulebook governing ChatGPT’s behavior—with new “U18 Principles” specifically designed to protect teenage users. The December 2025 update, developed with input from the American Psychological Association, establishes how the AI assistant should interact with users ages 13 to 17.The move follows OpenAI’s Teen Safety Blueprint unveiled in November 2025 and comes as major tech companies face mounting pressure over youth safety. Meta…

The Solana price recovery is less than 2% short from challenging the key resistance trendline at $146. Address growth climbed from roughly 3.1M to over 5.1M as participation expanded across the network. A flattish trend in 20-and-50-day exponential moving averages indicate that short-term in SOL is sideways SOL, the native cryptocurrency of Solana ecosystem, witnessed a 1.63% surge during Friday’s U.S. market session to trade at $144. While a majority of major coins are struggling with broader market pullback, Solana price was quick to rebound amid strong surge in number of active addresses and futures trading. The renewed recovery trend…

A Utah man has been sentenced to three years in federal prison for orchestrating a cryptocurrency investment fraud scheme that resulted in losses exceeding $2.9 million, according to the U.S. Attorney’s Office for the District of Utah. Summary Brian Garry Sewell received 3 years in federal prison and 3 years of supervised release for a $2.9 million cryptocurrency investment scam affecting at least 17 victims. Sewell also ran Rockwell Capital Management, converting over $5.4 million in cash to crypto without proper licensing, violating anti-money laundering rules. Sewell must pay $3.6 million+ in restitution, amid a global surge in cryptocurrency crime,…

Coinbase CEO Brian Armstrong has accused major U.S. banks of attempting to sabotage President Donald Trump’s pro-crypto agenda, warning that proposed changes to a Senate market structure bill could stifle innovation, ban entire categories of digital assets and strip Americans of the ability to earn yield on stablecoins. In a wide-ranging interview with Fox Business anchor Maria Bartiromo on Mornings With Maria, Armstrong said the latest draft of legislation emerging from the Senate Banking Committee represents a “giveaway to the banks” that risks regulatory overreach and undermines recent bipartisan progress on crypto policy. “After reviewing the Senate Banking draft over…

Timothy Morano Jan 16, 2026 21:04 Fogo launches its SVM-based Layer 1 mainnet with Wormhole integration, promising 40ms block times for DeFi traders. FOGO token trades at $0.037 amid launch volatility. Fogo’s mainnet went live on January 15, 2026, with Wormhole integrated as the blockchain’s official native bridge—giving the trader-focused Layer 1 immediate access to liquidity across more than 40 connected networks. The FOGO token is currently trading at $0.037 with a $201 million market cap, though it’s down 9.36% in the past 24 hours as launch volatility plays out.The Solana Virtual Machine-based…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nexo, a crypto lending platform, agreed to pay a $500,000 penalty after California regulators said it made thousands of loans without the proper state license. According to the California Department of Financial Protection and Innovation, the actions involved loans backed by crypto assets and raised concerns about how the company evaluated borrowers. California Action On Unlicensed Loans The DFPI found that Nexo issued at least 5,456 consumer and commercial loans from July 2018 through November 2022 to residents in California. Reports have disclosed that the company did…

Christopher Wood, global head of equity strategy at Jefferies, has eliminated Bitcoin from his flagship Greed & Fear model portfolio, citing concerns that developments in quantum computing could pose an existential threat to the cryptocurrency’s cryptographic foundations. In the latest edition of the widely followed newsletter, Wood confirmed that Jefferies has removed its entire 10% Bitcoin allocation, replacing it with a split allocation of 5% to physical gold and 5% to gold-mining equities, according to Bloomberg.  The strategist said the move reflects rising uncertainty over whether Bitcoin can maintain its role as a long-term store of value in the face…

Members of the U.S. government have denied reports that bitcoin forfeited by Samourai Wallet developers was liquidated in violation of President Trump’s executive order mandating the retention of government-held bitcoin. In a brief statement on X on January 16, Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets and Deputy Director at the Department of War’s Office of Strategic Capital, said the Department of Justice (DOJ) has confirmed that the forfeited digital assets “have not been liquidated and will not be liquidated” pursuant to Executive Order 14233.  According to Witt, the bitcoin will remain on the…

ETH price is trading near 0.0345 against BTC, slipping about 0.6% on the day, but the bigger picture shows Ethereum holding a crucial base against Bitcoin. After months of bleeding lower, the pair has shifted into a tighter range, suggesting sellers are losing control. Volume remains steady, pointing to cautious positioning rather than aggressive speculation. With ETH/BTC defending an important support band and trying to push higher, traders are watching closely because sustained strength in this pair often signals improving conditions for large-cap altcoins.ETH/BTC acts like a market “rotation gauge.” When it rises, Ethereum is outperforming Bitcoin, and that typically…