Trust, Scale, Adoption: ChangeNOW at Consensus 2026

Tech  Trust, Scale, Adoption: ChangeNOW at Consensus 2026  is once again proving why it‘s considered one of the most important events in crypto, and this year, ChangeNOW isn’t just showing up, its actively shaping the conversation.  On May 6, the team takes part in two consecutive panel discussions hosted by NOWNodes at the Miami Beach Convention Centers “Meet Ups” zone. NOWNodes, part of the broader NOW ecosystem, provides blockchain node infrastructure powering a range of crypto services.  These sessions focus on some of the industrys most pressing topics: infrastructure resilience, tokenization at scale, and the real barriers to mainstream adoption.  Representing is , Chief Strategy Officer, who will also moderate the first panel in her capacity as Strategic Advisor to NOWNodes.  Her schedule at Consensus goes well beyond these sessions. On May 5, she appears at the Capital Markets Summit to discuss (11:25 AM), followed by a second session titled “” at 1:20 PM. Then on May 7, she joins “” at 4:40 PM.  Across three days and five panels, one core question ties everything together: what does it actually take to build systems people trust with their money?  About ChangeNOW  Founded in 2017, ChangeNOW operates as a non-custodial cryptocurrency exchange, meaning it never holds user funds. The platform

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OKX Australia CEO Weighs in Country’s Institutional Landscape, Pensions Evolution, and How the Company is Building Trust

In an exclusive interview with BlockchainReporter, we sat down with Kate Cooper, CEO of OKX Australia to discuss the growing role of cryptocurrency in Australian superannuation funds, institutional adoption across the APAC region.  We also discussed what the latest Fed decision means for crypto markets. From $3.2 billion in SMSF digital asset holdings to the rising demand for regulatory clarity, the conversation with Kate Cooper, covered the key forces shaping Australias digital asset landscape and what lies ahead for investors and institutions alike.  Interview SectionHow will the new Fed rate move influence crypto markets within Australia and the wider APAC region?  A Fed hold was the expected outcome, so it is perhaps no surprise that markets didn‘t move dramatically in either direction. But that lack of immediate reaction shouldn’t obscure what has actually been a tentative structural recovery over the past eight weeks. US spot Bitcoin ETFs pulled in roughly US$3.7 billion between late February and late April, the first sustained inflow period of 2026 after four consecutive months of outflows. And despite real macroeconomic and geopolitical headwinds, Bitcoin recently tested the $80,000 level. Volatility remains a fact of life in these markets, but the direction of travel is worth noting.  In Australia, the

05-05

USD/JPY hits session highs near 158.00 on rising US-Iran tensions

Finance  USD/JPY hits session highs near 158.00 on rising US-Iran tensions  The US Dollar (USD) keeps crawling higher against the Japanese Yen (JPY) for the third consecutive day on Tuesday. The pair has reached the upper range of the 157.00s, trading at 157.65 at the time of writing, as the escalating tensions in the Strait of Hormuz boost the safe-haven US Dollar.  US President Donald Trump stirred the hornets hive on Monday, vowing that the US military would help free stranded vessels in the Strait of Hormuz. Two vessels are reported to have crossed the waterway, while other ships attempting to follow reported fires and explosions, and an Oil port in the United Arab Emirates (UAE) has been hit, allegedly by Iranian missiles.  Furthermore, Irans Parliament Speaker Mohammad Bagher Ghalibaf affirmed that a “new equation” has solidified the closure of the Strait of Hormuz and has blamed the US and its allies for violating the ceasefire and imposing a blockade.  Against this backdrop, Oil prices remain near long-term highs. The US benchmark West Texas Intermediate (WTI) barrel trades above $101 at the time of writing, while the Brent barrel remains above $110, adding strain to the oil-importing Japanese economy and weighing on the JPY  The Yen

05-05

Aave Files Emergency Motion to Block Ether Seizure in Kelp Exploit Case

Tech  Aave Files Emergency Motion to Block Ether Seizure in Kelp Exploit CaseAaves legal team has cautioned that the protocol, its users, and the larger DeFi community are suffering “irreparable harm” as a result of the delay.If the court maintains Gerstein Harrows notice, Aave argues, it might discourage future attempts to recover monies from cyberattacks involving North Korea.  On Monday, decentralized finance protocol Aave took swift action by filing an emergency motion in New York. The purpose was to overturn a restraining order issued by a US law firm, which had been put in place to prevent Arbitrum DAO from releasing 30,766 frozen Ether to the victims of the Kelp exploit.  On Friday, Gerstein Harrow LLP informed Arbitrum DAO of its intention to issue a restraining order, citing the roughly $877 million in default judgments that its clients owe North Korea. With the North Korean hacking gang responsible for the Kelp vulnerability allegedly in possession of the tokens, the law firm asserts that its clients have a justified claim to the Ether.  Coordinated Industry-Wide Effort  Stolen goods cannot be legitimately owned, according to Aave‘s emergency motion filed in a New York district court. The statement continued by saying that the North Korean government is only

05-05

Coinbase Cuts 14% Of Workforce, Signals AI-Driven Future

Tech  Coinbase Cuts 14% Of Workforce, Signals AI-Driven Future  Coinbase announced a 14% reduction in its workforce on Tuesday, a decision CEO Brian Armstrong described as preparation for what he called a “new way of working” built on artificial intelligence—not a defensive reaction to market conditions.  In a company-wide email, Armstrong cited two forces behind the move: the persistence of crypto market cycles and a transformation in how AI has changed the pace of internal work.  Engineers at Coinbase use AI to ship in days what full teams required weeks to complete, Armstrong wrote, and the pace of that shift is an acceleration, not a plateau.  Coinbase had 4,951 employees as of December 31, 2025, placing the number of affected workers at an estimated 693 people. Departing U.S. employees will receive a minimum of 16 weeks of base pay, plus two weeks per year of service, their next equity vest, and six months of COBRA health coverage.  Employees on work visas receive extra transition support. System access was cut on the day of the announcement — a practice Armstrong acknowledged as harsh but defended as a matter of customer data protection.  The cuts follow a pattern that traces to 2022. In June of that year, Coinbase eliminated

05-05

Polygon Makes a Sharp Move Into Private Stablecoin Payments

Tech  Polygon Makes a Sharp Move Into Private Stablecoin Payments  Polygon private stablecoin payments for institutions, adding confidentiality to USDC and USDT transfers on Polygon through its wallet infrastructure.  The feature went live on May 4, 2026, through Polygon Wallet and uses Hinkals privacy protocol. It lets users send stablecoins without publicly exposing the sender, receiver, or amount onchain.  The launch targets institutions that need blockchain settlement but cannot expose payment flows in public. That includes businesses, treasuries, payment companies, and financial firms handling sensitive transactions.  Polygon Targets Institutional Stablecoin Use  Public blockchains show transaction activity by default. That transparency can create problems for companies that move large amounts of money or settle payments with suppliers, partners, and clients.  Polygon said private payments help protect business activity while keeping the benefits of blockchain settlement. The system uses zero knowledge proofs to verify transactions without revealing full payment details.  The payments remain non custodial, according to Polygon. That means users keep control of their assets while the privacy layer shields transaction data from public view.  Private Stablecoin Payments Add to Polygons Payment Push  The rollout fits Polygons wider push into stablecoin payment infrastructure. Polygon has positioned its network as a low cost, fast settlement layer for digital dollars and global payments.  The

05-05

Coinbase Cuts 14% of Staff as Armstrong Restructures Around AI-Native Pods

Coinbase plans to cut about 14% of its staff in a restructuring announced Tuesday by chief executive Brian Armstrong. The move will flatten the exchange and rebuild operations around artificial intelligence.  The cut will collapse the company hierarchy to a maximum of five layers below the CEO and chief operating officer. Senior leaders are expected to manage 15 or more direct reports while still contributing as individual workers.  Why Coinbase Is Cutting Now  The 14% constitutes approximately 700 of Coinbase employees, with Brian Armstrong tying the decision to two simultaneous pressures.  First, the broader crypto cycle, which has weighed on recent quarterly results. The company remains well-capitalized and is positioning for an adoption wave in stablecoins, prediction markets, and tokenization.  The second is what Armstrong described as an inflection point in how companies operate. He said engineers at Coinbase now ship in days what previously took teams weeks.  Non-engineers are also pushing production code. The shift extends earlier moves, including the firms push to make most of its code AI-generated by October.  “~40% of daily code written at Coinbase is AI-generated. I want to get it to 50% by October,” Armstrong said in September 2025.  The new structure leans on what Armstrong called AI-native pods built around staff

05-05

Oil: Higher prices, limited margin pressure – UBS

Finance  Oil: Higher prices, limited margin pressure – UBS  UBSs Chief Economist Paul Donovan notes that Oil markets showed a muted reaction to reports of US–Iran exchanges in the Gulf, as investors had already discounted earlier US optimism and focused on Iranian comments. He argues Oil prices remain below levels needed to balance supply and demand once reserves are depleted, and warns that political pressure for lower retail Oil prices could worsen imbalances.  Muted reaction and consumer pass-through  “Markets have had a muted reaction to reports of the US and Iran exchanging fire in the Gulf.”  “Investors had tended to dismiss US President Trumps weekend optimism and focused instead on comments from Iran, so an escalation was not unexpected.”  “Prices are still not at levels that would bring supply and demand into balance (once reserves are exhausted), and various politicians globally talking of subsiding retail oil prices will make things worse.”  “Higher oil prices are being passed through to consumers which means profit margins are not being particularly affected.”  “This can continue as long as consumers are using savings to pay for higher oil costs.”

05-05

Morocco abandons total ban for regulation as crypto use defies authorities

Crypto adoption in Morocco has reached 16% of its population despite a decade-old ban on transactions with digital assets and recently increased scrutiny.  The growing popularity of coins among Moroccans seems to have finally convinced their government to prepare to abandon full restrictions in favor of regulation.  Proper oversight may replace ineffective prohibition  The use of cryptocurrencies has been formally banned in Morocco since late 2017, with regulators regularly reminding citizens that any transaction with the digital assets is punishable by law.  At the time, the decision was justified with breaches of existing rules and lack of customer protection, risks of money laundering and capital flight, all endangering the nations monetary stability.  Since the end of last year, the warnings issued by Bank Al-Maghrib, the Foreign Exchange Office and the Moroccan Capital Market Authority have been accompanied by increased financial scrutiny.  Moroccan authorities are now stepping up surveillance of crypto transfers, which are widespread, albeit prohibited, the local news outlets Challenge and Le360 unveiled this week.  That has become evident from a letter sent by lOffice des Changes, the body monitoring foreign exchange transactions and financial flows between Morocco and other jurisdictions.  In the correspondence addressed to a number of individuals, the watchdog informs it has identified violations

05-05

Coinbase to cut 14% of workforce as Armstrong pushes AI-native structure

Coinbase will cut about 14% of its workforce as it adjusts costs during a weaker market period. Coinbase will cut about 14% of staff to lower costs during weaker crypto market conditions.Armstrong said AI lets smaller teams ship faster, pushing Coinbase toward AI-native workflows.Coinbase is still expanding products, including Australia SMSF crypto support and internal AI agents.  CEO Brian Armstrong announced the decision on May 5, 2026, in an email to employees that he later shared publicly.  Armstrong said two forces shaped the move. He pointed to crypto market cycles and the faster use of artificial intelligence across company workflows. He said Coinbase remains well-capitalized, but the company needs a lower cost base while market conditions remain uneven.  Armstrong says AI is changing work  Armstrong said AI has changed how small teams operate. He wrote that engineers now use AI to ship work in days that once took teams weeks. He also said non-technical teams are shipping production code as more workflows become automated.  He described the shift as an “inflection point” for Coinbase and other companies. Armstrong said the exchange must become “lean, fast, and AI-native.” He added that Coinbase wants to return to the speed and focus it had as a startup.  Moreover, Coinbase

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