Crypto News
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114 stories in this section
Fed Rate Hike Debate Shifts Toward Wall Street Concerns
Goldman Sachs has dropped its forecast that the Federal Reserve will hold rates next week, becoming the last major bank to do so. CoinDesk frames the debate as increasingly focused on Wall Street rather than inflation.
CoinDesk
Revolut Exposes Bitcoin Activity and Customer Identity Data in Fake Government Request
Revolut exposed Bitcoin-related activity, passports, selfies and home addresses after accepting a fraudulent government request as legitimate. CoinDesk reported that no customer funds were lost in the incident.
CoinDesk
US Bank tests cross-border USBDC transfer between its North American and European entities
US Bank tested a live USBDC payment on Stellar between its North American and European entities. The internal trial examined minting, redemption and issuer controls without involving outside participants.
CryptoSlate
UniCredit Reportedly Weighs Crypto Custody Services
UniCredit is reportedly developing a crypto custody service, according to Bitcoin Magazine. The move would add Italy’s second-largest bank to a group of European institutions exploring digital-asset services, although no launch or regulatory details were provided.
Bitcoin Magazine
Regulation Identified as Hyperliquid’s Biggest Risk, Ran Neuner Says
Ran Neuner, founder of Crypto Banter, said Hyperliquid’s network effects provide a strong competitive moat, while regulatory uncertainty remains the platform’s biggest risk, Cointelegraph reported.
Cointelegraph
August Core CPI Rises 0.3% Faster Than Forecast, Raising Fed Rate-Hike Risk
August core CPI rose 0.3%, faster than forecast, heightening concern that inflation remains too persistent and raising the possibility of a Federal Reserve rate hike. The report carries added significance after Kevin Warsh’s recent warning.
CoinDesk
UniCredit Reportedly Seeks Partner for Crypto Trading and Custody
UniCredit is reportedly seeking an infrastructure partner to help launch crypto trading, custody and tokenized investment products, Cointelegraph reports. The bank has not identified a partner or disclosed a launch timeline.
Cointelegraph
Albuquerque Bans Bitcoin ATMs, Giving Operators 45 Days to Remove Them
Albuquerque has banned Bitcoin ATMs and ordered operators to remove them within 45 days. A councilor said 90% of crypto kiosk transactions in the city are tied to fraud and called the machines a conduit for crime.
Decrypt
Sam Bankman-Fried Asks Supreme Court to Overturn FTX Fraud Conviction
Sam Bankman-Fried is seeking Supreme Court review of his FTX fraud conviction. His lawyers say he was barred from arguing customers lost nothing and describe the $11 billion forfeiture as a “crushing fine.”
Decrypt
Bankman-Fried Appeals Conviction and $11 Billion Forfeiture to Supreme Court
Sam Bankman-Fried’s lawyers asked the U.S. Supreme Court to overturn his conviction, arguing that evidence about customer losses was excluded. They also challenged his $11 billion forfeiture as excessive, Cointelegraph reported.
Cointelegraph
BIS Warns Banks Must Accelerate Security Fixes as AI Speeds Up Attacks
The Bank for International Settlements says AI is shortening the time banks have to address security flaws. It cites guidance urging institutions to accept planned downtime when urgent fixes cannot wait for routine maintenance schedules.
Decrypt