Cryptocurrency

3467 items in section

South Korean lawmaker pushes for new delay on crypto tax

South Korean lawmaker Han Dong-hoon is spearheading a renewed campaign to postpone the nation’s cryptocurrency tax, slated for January 2027. Citing a lack of robust infrastructure to track overseas assets, Han argues that current enforcement mechanisms remain insufficient to ensure fair and consistent application of the 22% levy.

NEAR Intents blocks $50M in attempted Bitget hack money laundering

The NEAR Intents protocol has intercepted over $50 million in cross-chain transfers linked to the recent $387.5 million Bitget exchange hack. By utilizing its SHIELD security system, the platform identified and rejected suspicious transactions before they could be finalized, highlighting a growing divide in how decentralized protocols handle illicit assets.

Coinbase secures CFTC approval for USDC-native clearinghouse

The U.S. Commodity Futures Trading Commission has granted Coinbase Clearing LLC registration as a Derivatives Clearing Organization, allowing the exchange to settle fully collateralized futures, options, and swaps using USDC. The approval marks the final piece of the company’s internal, end-to-end regulated derivatives infrastructure.

Senate Democrats Target Tether Over Iran Sanctions Evasion

Democratic investigators on the Senate Permanent Subcommittee on Investigations have identified Tether’s USDT as a primary financial lifeline for Iranian shadow banking, reporting that 84% of 846 sanctioned crypto wallets linked to Tehran and regional militant groups relied almost exclusively on the stablecoin to circumvent U.S. sanctions.

Chainlink unveils bridge for bank access to Swift blockchain ledger

Chainlink has introduced a connection framework allowing financial institutions to interface with Swift’s blockchain ledger while retaining full custody of their transaction-signing keys. The integration, powered by the Chainlink Runtime Environment, enables banks to automate workflows between internal systems and Swift’s shared infrastructure without delegating security authority.

Cardano Foundation and UCLA Launch Blockchain Education Initiative

The Cardano Foundation is partnering with the UCLA Anderson School of Management to integrate blockchain curriculum and startup support into the university's entrepreneurship ecosystem. The multi-year agreement aims to bridge the gap between academic research and commercial application by providing fellowships, masterclasses, and project-based learning opportunities for Los Angeles-based founders.

Circle executive: Stablecoin resistance risks $1 trillion in US demand

Nikhil Chandhok, an executive at Circle, warns that American regulatory hesitation toward dollar-backed stablecoins could cost the nation $1 trillion in potential overseas demand. Speaking at a recent event, he argued that foreign users are eager to adopt digital dollars if given a viable, modern payment architecture.

Wallet in Telegram Rebrands to Walt Amid Gram Expansion

The platform formerly known as Wallet in Telegram has rebranded to Walt, signaling a strategic separation from Telegram’s internal infrastructure. While Telegram prepares a broad rollout of its own self-custodial Gram wallet for its billion-plus users, Walt will pivot toward advanced financial services like perpetual futures and tokenized assets.

Strategy Aggresses on Bitcoin and Preferred Stock Buybacks

Number: Strategy deployed $294.4 million in a single week to bolster its treasury, channeling funds into 1,665 additional Bitcoin and a $151.7 million repurchase of its Series A preferred stock, STRC. The aggressive capital allocation, detailed in a Sept. 28 filing, underscores the company's dual-track treasury management strategy.

D3 Launches Frontier Program to Secure Priority for New Domain Names

With 1,616 new domain extension applications moving through the ICANN approval pipeline, D3 has introduced Frontier, a crypto-native points system. By depositing assets into specific Solana and Hyperliquid vaults, users can now earn priority access to register names under these upcoming internet extensions before they hit the general public.

Tether Freezes $550 Million in Iran-Linked USDT Assets

Tether has blocked approximately $550 million in USDT linked to Iranian interests throughout 2026, acting on intelligence provided by U.S. authorities. The move targets wallets associated with the Central Bank of Iran, the Islamic Revolutionary Guard Corps-Qods Force, and Hezbollah as part of a broader crackdown on sanctioned networks.

Tether and Shiga Partner on Self-Custodial Wallets for Africa and GCC

Tether and Shiga Digital are launching a suite of self-custodial wallet products aimed at expanding access to Bitcoin, USD₮, and gold-backed tokens across Africa and the Gulf Cooperation Council. The initiative leverages Tether’s open-source Wallet Development Kit to provide financial infrastructure for both individual users and institutional banking clients.

ESMA Shifts Focus to Strict MiCA Enforcement for 2027

The European Securities and Markets Authority is pivoting from rulemaking to active enforcement, establishing operational resilience, liquidity management, and regional presence as its primary supervisory targets for 2027. This shift signals a new era of scrutiny for crypto asset service providers operating within the European Union.

Why BingX is merging crypto and TradFi into a single account

Kevin Lee, Chief Strategy Officer at BingX, argues that modern traders no longer view markets as isolated silos. With macro events triggering simultaneous volatility across Bitcoin, commodities, and equities, Lee is pushing for a unified trading model that allows users to execute strategies across asset classes from one balance.

BitMine Nears 5% Ethereum Supply Target After Crossing 6 Million ETH

BitMine Immersion Technologies has officially surpassed six million Ethereum tokens, acquiring an additional 17,362 ETH over the past week to solidify its position as one of the largest corporate holders of the asset. The company is now within 98% of its stated goal to control 5% of the total circulating supply.

Franklin Templeton brings $687M tokenized fund to Bybit

Institutional investors on Bybit can now leverage Franklin Templeton’s $686.64 million tokenized government money fund as off-exchange collateral. The integration allows firms to maintain custody of their Benji-issued shares while securing USDT or USDC trading credit lines through the exchange’s institutional arm, ByCustody.

Wintermute-linked wallet holds $126M in Hyperliquid short positions

A wallet identified by on-chain researchers as belonging to Wintermute has accumulated $126.25 million in short positions on the Hyperliquid exchange, with Ethereum accounting for the largest share of the exposure as major digital assets retreat from their recent peaks.

MEXC Resolves $340,000 Dispute After User Account Breach

A user named Shuang Fei lost $340,000 in digital assets after an attacker allegedly exploited an active API key left behind following a security recovery process. While the exchange claims the matter is now fully resolved, the specific terms of the settlement and the technical cause of the breach remain undisclosed.

Bitget Restarts Bitcoin Withdrawals Following $388M Security Breach

Four days after a sophisticated exploit drained approximately $387.5 million from its hot and warm wallets, Bitget resumed Bitcoin withdrawals on September 28 at 08:00 UTC. The exchange is now executing a phased restoration of services while investigators work to trace the stolen assets across multiple blockchain networks.

Acurast deploys Laya AI to run on global smartphone network

More than 280,000 smartphones across 175 countries are now powering the Laya AI decision model, shifting computational tasks away from centralized data centers. By utilizing existing consumer mobile hardware, Acurast aims to provide a decentralized alternative for real-time structured decision-making without the need for dedicated GPUs.

RedotPay Targets $5 Billion Valuation Amid IPO Push

Conflict lead: While industry peers like Kraken and Ledger have delayed their public market debuts, Hong Kong-based RedotPay is pushing back against reports of a slowdown, confirming that its path toward a U.S. initial public offering remains active as it eyes a valuation exceeding $5 billion.

Circle Co-founder Neville Departs Board as CFO Fox-Geen Plans Exit

Circle Internet Group faces a significant leadership shakeup as co-founder P. Sean Neville resigned from the board effective immediately, while Chief Financial Officer Jeremy Fox-Geen announced his intention to step down by the end of 2026. The company confirmed these departures were not triggered by operational or policy disputes.

Strategy Eyes Daily Dividend Payouts for Preferred Securities

Strategy has scheduled an October 28 special shareholder meeting to seek approval for daily dividend payments on four U.S.-listed preferred stock classes. If the proposal passes, the company aims to reduce reinvestment delays and improve market liquidity by replacing quarterly and semi-monthly schedules with a new daily record-date framework.

Pi Network Prepares for Protocol 28 as Token Stagnates Below $0.10

Pi Network has shifted its focus to the upcoming Protocol 28 upgrade, setting an October 16 deadline for the Mainnet transition. While developers fine-tune the network’s transaction and smart contract infrastructure, the PI token remains trapped in a consolidation phase, struggling to break through the significant $0.10 resistance level.

THORChain Rejects Bitget Request to Block Stolen Assets

THORChain has refused to blacklist addresses linked to Bitget’s $387.5 million security breach, sparking a heated debate over the responsibility of decentralized protocols. While Bitget demands the network halt service to the attacker, THORChain maintains that its infrastructure is designed as neutral, permissionless software, not a tool for selective censorship.

Arthur Hayes Targets $5,000 Ethereum Price Driven by Institutional Shift

Ethereum could reach $5,000 within a year as Robinhood’s integration of the network for its financial blockchain creates a blueprint for institutional adoption, according to Arthur Hayes. Speaking at EastPoint: Seoul 2026, the Maelstrom chief investment officer argued that Robinhood’s infrastructure choice provides a critical narrative shift for the asset.

Binance Wallet streamlines gas payments with USDT integration

Binance Wallet now allows users to pay transaction gas fees using USDT across the BNB Smart Chain, Ethereum, Solana, and TRON networks. Launched September 25, the update eliminates the immediate requirement for users to hold native blockchain tokens to execute transactions, simplifying the experience for those primarily holding stablecoin balances.

Zano Reverts Month of Blockchain History Following Gateway Exploit

The Zano blockchain has been forced to restart from block 3,833,000, effectively erasing roughly one month of network activity. The drastic recovery follows the discovery of a critical vulnerability within the project's recently launched Gateway Address feature, which allowed unauthorized ZANO and Freedom Dollar tokens to enter circulation.

California Outlaws Meme Coin Issuance by Public Officials

Governor Gavin Newsom has signed legislation barring state and local officials from issuing meme coins, a move aimed at curbing potential conflicts of interest within government. The new law, AB 2409, takes effect January 1, 2027, establishing civil penalties for those who leverage public office to profit from digital asset speculation.