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Bessent warns on China, criticizes US firms resisting rules

U.S. Treasury Secretary Scott Bessent warns of China's potential challenge to U.S. financial leadership amid debates on digital asset regulation. The post Bessent warns on China, criticizes US firms resisting rules appeared first on CoinGeek. [...]

US can’t solve stablecoin impasse, China can’t shut them down

Stablecoin tensions rise as the U.S. and China clash over regulations, Tether faces reputation issues, and Russia struggles with crypto sanctions. The post US can’t solve stablecoin impasse, China can’t shut them down appeared first on CoinGeek. [...]

Dorsey’s Block weighs layoffs of up to 10%: report

Jack Dorsey’s digital payments company, Block Inc., could cut around 10% of its 11,000 employees during annual reviews as a wider restructuring continues. The post Dorsey’s Block weighs layoffs of up to 10%: report appeared first on CoinGeek. [...]

Coinbase barred from sports betting amid Nevada regulatory battle

A Nevada judge denies Coinbase's emergency request to continue offering "event contracts," halting operations amid a state gaming lawsuit. The post Coinbase barred from sports betting amid Nevada regulatory battle appeared first on CoinGeek. [...]

BTC miners cheer network difficulty decline, jeer token price decline

BTC mining difficulty drops over 11% while Cango sells thousands of BTC to strengthen its balance sheet and pivot towards AI infrastructure growth. The post BTC miners cheer network difficulty decline, jeer token price decline appeared first on CoinGeek. [...]

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