See the market, related assets, source and summary before opening a story so you can focus on what matters.
284 stories in this section
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.
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.
Monument Bank postponed its retail tokenized deposit launch while onboarding a Canadian custody partner to meet Financial Conduct Authority requirements. The London-based challenger bank now expects to roll out the service by November.
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 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 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 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.
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 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 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.
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.
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.
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.
Uzbekistan is testing a government bond-backed stablecoin for payments. Humo Digital will trial HUMO transactions with more than 20 merchants in a sandbox overseen by NAPP and the central bank.
