Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Coinbase has revealed that nearly 100% of its code is now written with the help of AI, the UK will defer capital gains tax on certain cryptocurrency lending and liquidity pool transactions from 2027 and the European Central Bank selected 36 payment providers to help test the digital euro ahead of its planned rollout.
Artificial intelligence now helps write more than 95% of Coinbase’s code, offering new insight into the crypto exchange’s AI strategy following its decision to cut 14% of its workforce earlier this year.&
Coinbase cut 700 staff in May. In an email to employees, Coinbase CEO Brian Armstrong said AI has “dramatically” changed the pace of work and there was a need to “return to the speed and focus of our startup founding, with AI at our core.”&
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