New Hampshire Executive Council Rejects State Bitcoin Bond Plan 3-2

·2 views

New Hampshire's pioneering effort to issue a state government bitcoin bond has been shut down after failing to secure final approval. The state's executive council voted 3-2 to reject the proposal, ending the initiative at its last required stage of government review. The plan had been notable for its trailblazing nature, as it would have made New Hampshire one of the first states to pursue such a crypto-linked financial instrument. The narrow vote indicates there was some support for the idea, though opponents held the majority needed to block it.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin climbs near $64,000 amid chip rally and yen strength

Bitcoin has risen approximately 4.2% over the past seven days, approaching the $64,000 mark. The gains came despite a turbulent week that included an oil price shock and a significant bond market selloff. A rally in chip stocks and a strengthening Japanese yen were cited as key drivers behind the cryptocurrency's upward movement. The price increase also occurred against the backdrop of two separate rounds of U.S. military strikes on Iran.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Grayscale CFO Edward McGee Departs After Seven Years at Firm

Edward McGee has stepped down as Chief Financial Officer of Grayscale, the prominent crypto asset manager. He served in the role for seven years before his departure. His exit follows that of John Hoffman, the firm's distribution chief, who recently left to join blockchain firm Ondo Finance. The two high-profile departures occurred within weeks of each other, marking a notable period of leadership change at Grayscale.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Coinbase CLO Paul Grewal Exits After SEC Legal Battle Concludes

Coinbase Chief Legal Officer Paul Grewal announced his departure from the cryptocurrency exchange on Thursday. Grewal, who played a central role in Coinbase's legal battle against the U.S. Securities and Exchange Commission, will transition to an advisory role following his exit. His departure comes after the conclusion of the high-profile regulatory fight between Coinbase and the SEC. Along with Grewal's move, other members of the legal team are also being reassigned within the company.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Arbitrum token surges 19% as Robinhood's new blockchain drives $568M in trading

Arbitrum's native token jumped 19% following a surge in on-chain trading activity linked to Robinhood's newly launched blockchain. The brokerage's chain recorded approximately $568 million in trading volume, driven largely by memecoin activity. Revenue generated from this trading has been flowing back into the broader Arbitrum ecosystem, boosting its metrics. Robinhood's blockchain is built on Arbitrum's technology, meaning increased usage directly benefits the network. The strong early performance signals a fast start for Robinhood's foray into on-chain trading infrastructure.

0 comments Read more at CoinDesk