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Markets

XRP's Market Cap Momentarily Zoomed to Trillions of Dollars on Gemini

Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.

(Getty Images)

Policy

Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin

The top Democrat on the House Financial Service Committee said federal rules should be in place before a company the size of PayPal issues a stablecoin.

Rep. Maxine Waters (D-Calif.) (Sarah Morris/Getty Images)

Web3

Grimes Made More Money From NFTs Than From Her Entire Music Career: Wired

The artist also said she hopes that the tokens and crypto can “come back” to help compensate digital artists.

Grimes attends the 2021 Met Gala in New York. (Theo Wargo/Getty Images)

Web3

‘The Next Crypto Gem’ TV Show Aims to Be ‘The Apprentice’ for Crypto

The new reality show pits contestants against one another for a prize package estimated to be worth over $150,000.

The Next Crypto Gem judges Brian D. Evans, Layah Heilpern and George Tung

Learn

Why PayPal's Stablecoin Scares Washington and Could Shake Legislative Talks

For some U.S. financial regulators, the ghost of Libra — the then-Facebook effort to establish a mass-appeal stablecoin — will forever haunt the debate over regulating stablecoins.

PayPal headquarters (Justin Sullivan/Getty Images)

Markets

AI Will Be One of the Most Important Investment Themes Over the Next Decade: Morgan Stanley

The generative-AI market rally is assumed to have started with the launch of ChatGPT late last year, the report said.

(Gerd Altmann/Pixabay)

Tech

It's ChatGPT, but for Bitcoin: New AI Tool Avoids 'Hallucinations'

An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new "ChatBTC" is less likely to give incorrect answers about the original blockchain, or to “hallucinate” like the more popular (and generalist) ChatGPT.

ChatBTC "Holocat" (Chaincode Labs)

Opinion

I Have 1M Questions About the PayPal Stablecoin. Here Are 5

The payments giant’s new stablecoin will compete with Tether's and Circle's coins, but it’s not breaking any new ground.

paypal logo on a smartphone booting up the payments app (Marques Thomas/Unsplash, modified by CoinDesk)

Policy

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.

(Jesse Hamilton/CoinDesk)

Finance

PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum

The token will be available first on PayPal and then on Venmo, and can be exchanged for U.S. dollars at any time.

(CoinDesk archives)