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Former central bankers join Fnality Europe supervisory board
Fnality Europe has appointed former Bank of England deputy governor Jon Cunliffe, along with Jochen Metzger and Ron Berndsen, to its supervisory board as it seeks to expand beyond its sterling payment system.
Bitcoin Stays Near $78K as Markets Assess This Week’s Macro Risks
Bitcoin is trading near $78,000 as markets weigh potentially underpriced macro risks. CryptoSlate points to CPI data, central-bank developments and oil-market moves as factors that could determine whether BTC breaks its current range.
Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter
Jack Dorsey’s Block has applied for a banking charter to launch Builders Bank, which would offer bitcoin custody and related fiduciary services. Bitcoin Magazine reported that the application has not yet resulted in an approved charter.
US Bank Tests Proprietary Stablecoin in Cross-Border Stellar Transaction
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
Prediction Markets Shift Away From Cheap Oil as Brent Tops $100
Prediction markets are favoring higher oil prices after Brent moved above $100. Myriad’s $120 outcome overtook its $55 side in early September, while Polymarket assigns WTI a 59% chance of reaching $100 this month.
VerifiedX Opens $15 Million Round for Institutional Bitcoin Infrastructure
VerifiedX launched a $15 million financing round for institutional Bitcoin infrastructure. Cantor Fitzgerald is advising on the transaction, with proceeds intended for BitGo custody, exchange listings and Bitcoin lending programs.
Italy’s central bank requires crypto firms to screen sanctioned transfers
Banca d’Italia has ordered crypto service providers to implement internal controls for screening transfers linked to sanctioned entities, Cointelegraph reported. The supplied report gives no details on deadlines, penalties, or affected assets.
U.S. Bank advances USBDC stablecoin plans with live cross-border payment test
U.S. Bank completed a live cross-border payment transaction while exploring its USBDC stablecoin for treasury payments, liquidity management and collateral. CoinDesk reported that the test represents another step toward a possible stablecoin launch.
Silvergate former CEO says Biden pressure led to 2023 wind-down
Silvergate former CEO Alan Lane blamed what he called a Biden administration “coordinated attack” for making continued operations untenable and prompting the bank’s liquidation in 2023, according to Cointelegraph.
Block Seeks US Trust Bank Charter for Bitcoin and Stablecoins
Jack Dorsey’s Block is seeking a US trust bank charter for proposed Builders Bank. The institution would offer federally supervised custody for Bitcoin and stablecoins but would not accept deposits or issue loans.
Shrinking Dollar Reserve Share Does Not Prove Central Bank Bitcoin Buying
A Sept. 2 New York Fed analysis separates currency allocation from changes in total reserve holdings. As a result, a declining dollar reserve share does not establish that central banks are buying Bitcoin or increasing sovereign BTC demand.
New York town considers temporary ban on crypto mining and AI data centers
A New York town that previously imposed an 18-month Bitcoin-mining ban is considering a new temporary moratorium covering data centers, AI facilities and other cryptocurrency-mining operations, Cointelegraph reports.
Circle to Acquire Tazapay in $400 Million Cross-Border Payments Deal
Circle has agreed to buy cross-border payments firm Tazapay for $400 million, CoinDesk reported. The deal could provide regulated last-mile infrastructure linking stablecoins with traditional local banking systems.