The Business & Technology Network
Helping Business Interpret and Use Technology
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Feed Items

On Jan. 13, the US Senate Banking Committee released the full text of the highly anticipated Digital Asset Market Clarity Act (CLARITY) ahead of its expected markup this week. The 278-page draft abandons the strategy of picking winners on a token-by-token basis. Instead, it constructs a comprehensive “lane system” that assigns jurisdiction based on the functional lifecycle of a digital asset....
Former New York mayor Eric Adams’ new NYC token fell more than 81% within about 30 minutes of its Jan. 12 launch on Solana, wiping out roughly $500 million in peak paper value. The token briefly reached an estimated market cap of $540 million–$600 million. Adams unveiled the project at a Times Square event about 12 days after leaving office and tied the token to funding blockchain education and...
Former Binance CEO, Changpeng Zhao (CZ), recently stated that the UAE generates surplus power in order to cover “three days” of high demand each year, making Bitcoin a buyer of last resort for energy that would otherwise go unused. Stripping away the specifics, the logic holds: mining turns curtailed or stranded electricity into revenue when no other offtaker wants it. The question for 2026 isn't...
The GENIUS Act banned issuer-paid yield, but the Senate markup fight is whether exchanges can keep routing rewards around that restriction, and the answer could decide who controls $6 billion in annual incentives. Senate Banking is scheduled to consider the CLARITY Act on Jan. 15, and the legislative fight has narrowed to a single question with billion-dollar consequences: what counts as a...
Bitcoin investors are bracing for a rare convergence of market forces this week, walking into a gauntlet of three distinct macro and policy catalysts packed into a single 72-hour window. The catalysts include the release of December’s Consumer Price Index (CPI) on Tuesday, a potentially historic Supreme Court opinion day on Wednesday regarding executive tariff powers, and a Senate Banking...
Iran's currency, the rial, has collapsed to around 1 million per US dollar, a record that spotlights how quickly savings can be wiped out when trust in money breaks. The currency lost nearly half its value across 2025, with official inflation reaching 42.5% in December. Recent protests erupting in Tehran's Grand Bazaar, triggered by the sharp fall in the rial and the volatility that makes it...
An Ethereum price collapse could break the blockchain’s ability to settle transactions and freeze over $800 billion in assets, a Bank of Italy research paper warns. The paper, authored by Claudia Biancotti of the central bank’s Directorate General for Information Technology, outlined a contagion scenario where ETH's price collapse degrades the blockchain’s security infrastructure to the point of...
On Sunday night, a lot of people in markets did the same thing at the same time: they opened a video and listened to a central banker sound like he was reading from a crisis manual. Jerome Powell said the Federal Reserve had received grand jury subpoenas and that the Trump administration had threatened a criminal indictment over testimony tied to a renovation project. Powell called it a political...
Ethereum co-founder Vitalik Buterin is making a case that the most valuable upgrade for the world’s second-largest blockchain may be learning how to stop upgrading. Last November, Buterin reportedly argued that locking down parts of the base layer can reduce bugs and lower the odds of “surprises” for a network that secures hundreds of billions of dollars’ worth of value. This month, he sharpened...
On paper, South Korea has been one of the world’s loudest crypto markets for years. In practice, it has been a strangely narrow one. If you were a regular person, you could trade on the big won exchanges. If you were a company with cash on the balance sheet, you mostly sat on your hands. That is finally starting to change. This week, Seoul Economic Daily reported that the Financial Services...