Sony Bank gets US regulator nod to issue stablecoins
Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue...
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Revolut says USDT delisting is limited to EEA, Switzerland
Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in...
Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance
The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports...
Regulators invited Binance to seek new licenses after MiCA setback, co-CEO says
Binance is in talks with regulators that have invited the exchange to apply for crypto licenses following its withdrawal from the Markets in Crypto-Assets Regulation...
Trader loses $1M after signing phishing token approval
A crypto user lost nearly $1 million on Wednesday after signing a phishing token approval on Ethereum, according to onchain data. It comes as the...
Wyden urges Senate leaders to keep dev protections in crypto bill
US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are...
Mark Cuban-backed DeFi dashboard Zapper shutters after 7 years
Decentralized finance (DeFi) analytics platform Zapper announced it will shut down next month, becoming the latest crypto platform to fold amid a market downturn. In...
AI boom fuels inflation fears, complicating Fed’s next rate move
Federal Reserve officials were split last month on whether to increase interest rates or keep them steady, with many seeing accelerating demand for artificial intelligence...
Crypto VC Paradigm raises $1.2B to push into AI
Paradigm has raised $1.2 billion for its fourth fund, which will expand the crypto venture capital firm’s investments into artificial intelligence and related technologies. The...
Crypto could benefit if Fed steps in to backstop US stock market: Analysts
Crypto markets could benefit from increased liquidity if the US central bank steps in to support the $75 trillion equity market in a bear market,...