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Prediction Market Startup Plans Federal Registration to Bypass State-by-State Sports Betting Rules
ByBlock Digest May 10, 2026

A cryptocurrency-focused prediction market platform is preparing to reclassify its operations under federal commodities regulations rather than state gambling frameworks, marking a potential shift in how betting markets could be structured in the United States. Novig’s chief executive Jacob Fortinsky announced plans to adopt Designated Contract Market status through the Commodity Futures Trading Commission this…

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Crypto News

Revolut Users Witness Bitcoin Displaying at $0.02 in Suspected Platform Error
ByBlock Digest May 9, 2026

Digital banking platform Revolut experienced an apparent technical malfunction on May 9, 2026, with multiple users reporting that Bitcoin prices momentarily displayed at just two cents on their app interfaces. The anomaly represented a dramatic departure from Bitcoin’s actual market value, which trades significantly higher on global exchanges. User-captured screenshots circulating online documented the bizarre…

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Crypto News

Amazon Web Services Blamed for Multi-Hour Coinbase Trading Disruption
ByBlock Digest May 9, 2026

Cryptocurrency exchange Coinbase has attributed a prolonged service interruption affecting its trading platform to issues with Amazon Web Services infrastructure. The outage prevented users from executing trades for several hours, marking one of the exchange’s most significant service disruptions in recent months. According to Coinbase’s official statement, the platform has now restored full functionality to…

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Crypto News

Stablecoin Strategy and Regulatory Clarity Emerge as Coinbase’s Real Growth Drivers
ByBlock Digest May 9, 2026

Despite falling short of earnings expectations, Coinbase may find its future success lies beyond traditional trading volumes, according to market analysts. The cryptocurrency exchange’s trajectory appears increasingly tied to two critical factors: the expansion of its stablecoin operations and the advancement of comprehensive digital asset legislation in the United States. Industry observers suggest that while…

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Crypto News

Kraken’s Parent Company Payward Seeks Federal Banking License Through OCC Application
ByBlock Digest May 9, 2026

Payward, the parent organization behind cryptocurrency exchange Kraken, has submitted an application to the Office of the Comptroller of the Currency for federal trust company status. This strategic move would establish a federally regulated banking entity alongside Kraken’s current state-level operations in Wyoming. The development represents a significant step in Kraken’s broader financial infrastructure ambitions….

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Crypto News

Atkins Charts Regulatory Framework as AI and Blockchain Converge in Financial Markets
ByBlock Digest May 9, 2026

Securities and Exchange Commission Chair Atkins has indicated that the agency is preparing to develop regulatory guidelines addressing the intersection of artificial intelligence and blockchain technology in financial markets. Speaking about emerging trends in the financial sector, Atkins drew connections between the expansion of AI-driven trading systems and the increasing adoption of blockchain-based infrastructure for…

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Crypto News

Digital Asset Infrastructure Stocks Rally on Regulatory Clarity Signals
ByBlock Digest May 9, 2026

Cryptocurrency exchange operator Coinbase experienced a notable uptick in its stock performance today, riding a broader wave of momentum across alternative cryptocurrency markets. This movement comes as Bitcoin maintains its position firmly above the $80,000 threshold, providing stability to the overall digital asset ecosystem. The rally in tokenization and blockchain infrastructure equities gained particular strength…

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Crypto News

Tech Giants Unite to Create Payment Infrastructure for Autonomous AI Agents
ByBlock Digest May 8, 2026

Amazon Web Services has partnered with cryptocurrency exchange Coinbase and fintech leader Stripe to develop a specialized payment system designed specifically for artificial intelligence agents. The collaboration marks a significant step toward enabling AI systems to conduct financial transactions independently without human intervention. Currently, the new payment infrastructure allows AI agents to purchase application programming…

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Crypto News

Binance Founder Eyes U.S. Platform Relaunch as Regulatory Climate Shifts
ByBlock Digest May 8, 2026

Changpeng Zhao, the founder of cryptocurrency exchange Binance, has indicated plans to potentially revive the Binance.US platform, aiming to reconnect American traders with deeper global cryptocurrency markets. The move comes as CZ observes what he describes as improving regulatory conditions for digital assets in the United States. The original Binance.US platform has faced significant operational…

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Crypto News

Crypto Exchange Giant Coinbase Shares Drop Following Weaker-Than-Expected First Quarter Results
ByBlock Digest May 8, 2026

Coinbase Global experienced a notable setback in Thursday trading as its stock price tumbled approximately 5% following the release of disappointing first-quarter earnings. The leading cryptocurrency exchange platform fell short of analyst expectations across both revenue and profit metrics, reflecting broader challenges within the digital asset ecosystem. The underwhelming performance stemmed primarily from reduced trading…

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Crypto News

US Senate Faces Critical Moment to Define Cryptocurrency Regulatory Framework
ByBlock Digest May 7, 2026

The United States stands at a pivotal juncture in its approach to digital asset regulation, with mounting pressure on the Senate to advance comprehensive market structure legislation for cryptocurrencies. As the crypto industry continues to mature and expand its footprint in the global economy, the absence of clear regulatory guidelines has created uncertainty for businesses,…

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Crypto News

Trump Administration Sets Independence Day Deadline for Crypto Legislation, Digital Assets Advisor Reveals
ByBlock Digest May 7, 2026

The White House has established an ambitious timeline for cryptocurrency regulatory reform, aiming to secure passage of the Clarity Act by America’s Independence Day celebration. Patrick Witt, who leads the President’s Council of Advisors for Digital Assets, disclosed the administration’s accelerated schedule during recent statements to the media. According to Witt, the Senate Banking Committee…

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