Everything web3, crypto, defi, degen
About the AuthorPorter Stowell is CEO of W3.io, the company building Web3’s first programmable intelligence layer. He’s held senior roles at IBM Blockchain, Coinbase, and Filecoin, where he honed his expertise across Web3 infrastructure and ecosystems. The views expressed here are his own and do not necessarily represent those of Decrypt.With the GENIUS Act now…
In brief Hong Kong’s stablecoin licensing regime takes effect today, requiring fiat-referenced issuers to obtain HKMA approval. It comes shortly after the U.S. passed the GENIUS Act, sparking comparisons between the two approaches. Analysts say adoption may be slow in local retail, but firms eye international and B2B applications. Hong Kong officially introduced its long-awaited…
In brief Visa has expanded its stablecoin settlement support to include PYUSD, USDG, and EURC across Avalanche and Stellar networks. The move adds to existing support for Ethereum and Solana, widening Visa’s stablecoin infrastructure amid broader institutional adoption. The announcement comes weeks after the U.S. passed the GENIUS Act, introducing the country’s first federal regulatory…
In brief Tether reported a second-quarter profit of $4.9 billion. CEO Paolo Ardoino teased a new U.S. venture. The stablecoin is still partly backed by Bitcoin and precious metals. Tether reported a second-quarter profit of $4.9 billion on Thursday, as CEO Paolo Ardoino teased a new, U.S.-specific venture for the stablecoin giant on social media.In…
In brief The Algerian government has expanded the country’s 2018 Financial Law to ban all crypto-related activities in the country. The extended legislation prohibits crypto trading, ownership and mining, with penalties including fines and jail time. The law goes against the global trend of increasing crypto liberalization, with commentators suggesting that blanket bans are challenging…
In brief Select stablecoin ATMs with USDT to cash conversion are now live at tourist and retail sites across South Korea. Access remains limited to foreign passport holders under regulatory sandbox rules. The rollout comes as lawmakers debate competing proposals for stablecoin legislation in the country. Foreign visitors to South Korea can now use select…
In brief The White House proposed Congress consider drafting legislation that would force U.S. residents and companies to report foreign crypto accounts on their taxes. Not doing so could disadvantage U.S.-based crypto companies, the Trump administration said in a highly anticipated crypto report published Wednesday. The 168-page report also included recommendations related to crypto banking,…
In brief Eros International will release an AI-modified version of its 2013 film Raanjhanaa in Tamil with a new ending, claiming it’s more culturally sensitive for Tamil audiences. Original director Aanand L. Rai strongly opposes the release, arguing it violates artistic consent and sets a troubling precedent for AI use in filmmaking without creator approval.…
Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo expansion and establishing ourselves as the infrastructure provider that will power the next generation…
In brief Visa reported $10.17 billion in revenue for fiscal Q2, up 14% year-over-year, while stablecoin settlements totaled just $200 million. CEO Ryan McInerney said global stablecoin adoption remains limited and will depend on clearer regulatory frameworks. Visa is investing in stablecoin infrastructure through BVNK, partnering with Bridge in Latin America, and piloting programmable finance…
