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Ex-Florida congressman joins Coinbase Global Advisory Council

Coinbase, a leading cryptocurrency exchange, has announced the formation of a Global Advisory Council aimed at navigating the complex regulatory landscape and fostering dialogue with policymakers worldwide. Notably, the council includes a prominent Florida lawmaker, underscoring Coinbase’s commitment to engaging with influential political figures to shape the future of digital assets.

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Coinbase, a leading cryptocurrency exchange, has announced the formation of a Global Advisory Council aimed at navigating the complex regulatory landscape and fostering dialogue with policymakers worldwide. Notably, the council includes a prominent Florida lawmaker, underscoring Coinbase’s commitment to engaging with influential political figures to shape the future of digital assets.

The newly established Global Advisory Council will serve as a strategic body to guide Coinbase through the evolving regulatory environment. With members from diverse backgrounds, the council is set to provide valuable insights and recommendations to ensure Coinbase remains compliant with global standards while advocating for the broader adoption of cryptocurrencies.

Incorporating a Florida lawmaker into the council highlights Coinbase’s proactive approach to U.S. regulations and its intent to influence policy at both state and federal levels. This inclusion is particularly significant as Florida is emerging as a key player in the cryptocurrency regulatory landscape, with the state showing increasing interest in fostering a favorable environment for digital assets.

Brian Armstrong, CEO of Coinbase, emphasized the importance of the Global Advisory Council in a recent statement: “As the cryptocurrency industry matures, it is crucial that we collaborate with regulators and policymakers to ensure a sustainable future. The formation of this council reflects our dedication to being at the forefront of regulatory compliance and innovation.”

The council’s formation comes at a critical time for the cryptocurrency industry, which faces growing scrutiny and regulatory challenges. By assembling a group of experts and policymakers, Coinbase aims to bridge the gap between the fast-paced world of digital assets and the regulatory frameworks that govern them.

In summary, Coinbase’s creation of a Global Advisory Council, including a key Florida lawmaker, signifies the company’s strategic move to engage with regulatory bodies and shape the future of cryptocurrency regulation. This initiative reflects Coinbase’s commitment to compliance, innovation, and the responsible growth of the digital asset ecosystem.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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