Author: WebDesk

James Ding May 21, 2026 22:10 The Federal Reserve introduces ‘skinny’ accounts for fintech and crypto firms, suspending Tier 3 applications until December 2026 amid regulatory review. The Federal Reserve has unveiled a proposal to create limited-purpose “skinny” payment accounts for fintech and crypto-linked banks. These accounts would grant access to the Fed’s payment system but come with significant restrictions, including no interest on balances, no access to the discount window, and caps on account balances. The announcement, released on May 20, 2026, also calls for a temporary halt on new Tier 3…

Billionaire investor Mark Cuban has parted with most of his Bitcoin holdings, saying the asset failed to deliver on its core promise as a hedge against fiat currency weakness and geopolitical turmoil. Cuban made the remarks during an interview with Front Office Sports, where he said Bitcoin “has lost the plot.” The Shark Tank personality and former Dallas Mavericks owner had long positioned Bitcoin as a superior alternative to gold, citing its fixed supply and decentralized structure. That conviction has eroded. “I always thought it was a better version of gold than gold,” Cuban said. “But gold just blew up…

Bitcoin’s role in digital finance has evolved considerably over the past few years. Once framed purely as a store of value, BTC is now integrated in everything from NFT marketplace checkouts to cross-border payment flows. The question is whether this growing presence actually signals a shift toward Bitcoin becoming the go-to transactional currency across Web3, or whether the picture is more complicated than the headlines suggest.The truthful response is a little complex. Although Bitcoin is becoming more and more popular, Web3’s payment layer is dispersing rather than uniting around a single asset. Anyone establishing or investing in this sector has…

For years, much of the cryptocurrency industry was built around one primary force: attention.Projects competed for visibility through hype cycles, speculative momentum, viral narratives, and short-term market excitement. In many cases, community growth depended heavily on price action rather than long-term ecosystem engagement.While this model helped accelerate the growth of the broader crypto market, it also created one of Web3’s biggest long-term challenges: Retention.Today, a growing number of blockchain ecosystems are discovering that attracting users is far easier than keeping them engaged.As the industry matures, the future of Web3 may depend less on hype-driven attention and more on the ability to…

At Consensus 2026, Pi Network co-founder Nicolas Kokkalis stepped onto one of the most consequential panels of the conference. The subject was not price. It was not tokenomics. It was the question that the entire internet is now being forced to confront.How do you prove you are human online without giving up your privacy?Between deepfakes, AI agents, and social engineering attacks operating at scale, the ability to distinguish a real person from a bot has become one of the hardest problems in technology. Kokkalis argued Pi Network is already closer to solving it than almost anyone else in the industry.The…

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…

Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. Summary Anchorpoint Financial, OSL Group, and PantherTrade executed the test on Ethereum mainnet HKDAP is pegged 1:1 to the Hong Kong dollar (“at par”) Phased issuance is targeted by the end of Q2 2026 The project operates under Hong Kong Monetary Authority licensing The transfer of Hong Kong’s HKD-backed stablecoin on Ethereum (ETH) demonstrates the regulator’s willingness to adopt innovative DeFi tooling. According to a May 21 report, Anchorpoint Financial, one of the China’s first entities to secure a stablecoin…

Hong Kong, China, May 22nd, 2026, ChainwireMixin today announced the launch of Bitcoin Lightning Network support, enabling users to send, receive, and manage Lightning BTC directly inside the Mixin app.The integration brings Lightning payments into Mixin’s wallet experience, allowing users to make Bitcoin transfers without managing nodes, payment channels, or complex Lightning configurations. Each Mixin user also receives a free Lightning Address, such as [email protected], creating a reusable Bitcoin payment identity for everyday transactions.Bitcoin Payments Inside the Mixin AppWith Lightning Network support, users can now access Bitcoin payment functionality directly in Mixin, including:Sending and receiving Lightning BTCMaking near-instant BTC transfers with…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Terraform Labs has accused one of Wall Street’s largest trading firms, Jane Street, of allegedly using a private Telegram group chat with insiders to dump its TerraUSD (UST) stablecoin holdings just hours before its collapse. Jane Street Used Terraform Group Chat For ‘Defi Info’ In an amended complaint filed earlier this week, Terraform Labs administrator Todd Snyder accused Jane Street, its co-founder Robert Granieri, and traders Bryce Pratt and Michael Huang of using a Telegram group and other backchannel sources of non-public information to “front-run trading that…

Rep. Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute. The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. Begich drew a direct comparison between bitcoin and gold, arguing the market has already determined both assets…