The China Bitcoin seizure case has moved forward as prosecutors seek to confiscate more than 61,800 BTC and other assets linked to an alleged fraud worth over 40 billion yuan, or about $5.7 billion. The matter involves claims from more…
Banks and Blockchain Association split on stablecoin yield
US banking groups are pushing back on the Office of the Comptroller of the Currency’s final rules for payment stablecoin issuance and custody, with much of the criticism centered on stablecoin yield. In a Wednesday notice, the American Bankers Association…
How does Solana Alpenglow change payment settlement?
Solana Alpenglow is now live as the network’s biggest change since 2020, replacing a system that took several seconds to fully lock in transactions with a new voting process targeting about 150 milliseconds under normal network conditions. The upgrade changes…
Ethereum finality could cut crypto transfer waiting costs
Ethereum finality is at the center of a new draft from network researchers who want to reduce the time it takes for transactions to become final from about 16 minutes to roughly four. The proposal was filed Wednesday by Ben…
Standard Chartered signs deal to acquire Zodia Custody
Standard Chartered has moved forward with its planned purchase of Zodia Custody by signing definitive agreements for the firm’s regulated operating entities. The Zodia Custody deal follows a step announced in May, when shareholders accepted the bank’s non-binding offer, and…
France DeFi liability proposal targets crypto access
France DeFi liability is at the center of a new proposal from French authorities seeking changes to the European Union’s Markets in Crypto-Assets Regulation. In a joint response published Wednesday, France’s Treasury, AMF, central bank and ACPR said crypto-asset service…
How will OCC stablecoin rules affect crypto issuers?
The new OCC stablecoin rules set out how payment stablecoin issuance and certain custody activities will be handled for entities under the agency’s jurisdiction. Finalized on Wednesday by the US Office of the Comptroller of the Currency, the rule implements…
What Does FINMA’s Bitcoin ETF Approval Mean for Switzerland?
FINMA has approved what it described as Switzerland’s first Bitcoin ETF for retail investors, marking a new step for direct Bitcoin investment products in the country. In its Tuesday announcement, the Swiss Financial Market Supervisory Authority said the fund will…
Bitcoin Perpetual Futures Face CFTC and CME Court Fight
A court fight over perpetual futures in the U.S. is moving forward as the Commodity Futures Trading Commission pushes back against CME Group’s legal challenge. In a brief filed on Friday, the CFTC said CME has not shown that the…
Will France stablecoin tax hit Bitcoin swaps in 2027?
France stablecoin tax plans moved forward after the National Assembly adopted amendment I-3898 as part of the 2027 budget process. The measure would remove the current tax deferral for certain crypto-to-crypto transactions when investors receive MiCA-compliant stablecoins, making gains taxable…