The Office of the Comptroller of the Currency said it is moving quickly to complete its stablecoin rules as the GENIUS Act deadline approaches. Speaking Wednesday at the Wyoming Blockchain Symposium hosted by SALT in Jackson, Comptroller Jonathan Gould said…
Maya exploit forces swap halt after $1.7M crypto theft
The Maya exploit forced the cross-chain decentralized exchange to halt network activity after an attacker used a chain of software flaws to obtain an estimated $1.7 million in crypto. Maya Protocol co-founder Aalux said the attacker stole about 20 Bitcoin…
Injective SEC Transfer Agent Registration Takes Effect
Injective SEC developments advanced after Injective Institutional Services, an affiliate of the Injective blockchain ecosystem, said its registration with the US Securities and Exchange Commission as a transfer agent is now effective. The status adds a regulated recordkeeping role to…
BitBox Update Fixes Two Severe Hardware Wallet Flaws
The BitBox update is the focus of a new security disclosure from the hardware wallet maker, which urged all users to install firmware version 9.26.5 after identifying two severe vulnerabilities. According to the company, one flaw could have allowed a…
China Expands Digital Yuan Network With Eight New Banks
China has expanded its digital yuan network again, adding eight banks and lifting the number of e-CNY operating institutions to 30. Xinhua reported that the People’s Bank of China approved the new lenders, which will connect to the central bank’s…
South Korea Blocks Polymarket Access Over Gambling Rules
South Korea has ordered Polymarket access to be blocked, adding the country to a list of more than 30 jurisdictions that restrict the prediction market platform. The Korea Media and Communications Standards Commission approved the move after concluding that Polymarket…
Stablecoin Rules Set New Limits for US Crypto Sales
Treasury has proposed stablecoin rules that would define which stablecoins can be issued or sold in the United States under the GENIUS Act. The draft sets out licensing expectations for issuers, conditions for the sale of foreign-issued stablecoins, and later…
Will SEC Delay Crypto Fundraising Rules Before Senate Vote?
Washington’s debate over crypto fundraising shifted again Friday after the Securities and Exchange Commission canceled a meeting that had been expected to begin the formal rulemaking process for Regulation Crypto Assets. The meeting was announced only three days earlier and…
U.S. Stablecoin Rules Face Pressure Before January 18
The U.S. Treasury Department has proposed new stablecoin rules as it works to implement the GENIUS Act before the law’s next major deadline. The proposal sets out federal definitions for what it means to issue U.S. stablecoins and which parties…
SafePal breach exposes wallet buyers to privacy risks
The SafePal breach has renewed concerns around the privacy risks tied to buying hardware and self-custody wallets. SafePal said attackers gained unauthorized access to customer information through a flaw in an order-tracking plug-in, affecting about 39,798 people who placed orders…