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Author: CryptoPress

Storj Labs Files Chapter 11 to Resolve Legacy Debts, Eyes Equity for Token Holders

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Storj Labs voluntarily filed Chapter 11 on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia under case No. 5:26-bk-00512. Operations, customer service and the decentralized storage network continue without interruption, with parent Inveniam supporting the process. The company intends to propose a mechanism allowing STORJ token holders to participate in equity of the restructured firm, subject to court approval...

Cryptocurrencies, dApps, News

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CLARITY Act’s Senate Push Stalls Amid Ethics Clash and Tight Legislative Calendar

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The CLARITY Act updated draft, a key bill to establish U.S. crypto market structure rules by clarifying SEC and CFTC jurisdictions, was released on July 23, 2026. Senate Majority Leader John Thune signaled on July 24, 2026, that passage before the August 7 recess is unlikely, though floor proceedings may begin sooner. Ethics provisions in the bill, which would bar federal officials including the president from crypto activities, have sparked...

Cryptocurrencies, News

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BlackRock, Strategy and Coinbase Launch $15M Bitcoin Security Consortium to Counter Quantum Threats

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Nine major institutions including BlackRock, Strategy and Coinbase launched the Bitcoin Security Consortium on July 23, 2026 Members pledged a combined $15 million over three years to support long-term Bitcoin security research Primary focus includes preparations for potential quantum computing threats to Bitcoin cryptography Funds directed independently by each member; consortium takes no role in protocol development or...

Bitcoin, Cryptocurrencies, Front page, News

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US Merchant Bitcoin Acceptance Triples as Lightning Network Cuts Processing Fees

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The number of U.S. merchants accepting Bitcoin has tripled over the past year, driven by businesses seeking alternatives to traditional credit card processing fees through layer-2 settlement rails. U.S. merchant Bitcoin acceptance tripled as retailers look to lower payment processing overhead. Lightning Network transactions allow businesses to bypass standard 2% to 3% credit card interchange fees for costs under a penny. Global retail Bitcoin...

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Coinbase CEO Brian Armstrong Declares Crypto CLARITY Act Ready for Full Senate Floor Vote

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Coinbase CEO Brian Armstrong confirmed that the CLARITY Act is ready for a full U.S. Senate floor vote following extensive bipartisan negotiations. The revised market structure legislation incorporates key compromises on stablecoin rewards, non-custodial developer protections, and regulatory oversight split between the SEC and CFTC. Key amendments include strict ethics rules prohibiting federal officials, including the U.S. President, from...

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