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The BankChain Alliance plans to build a shared blockchain network for US banks, with a focus on giving smaller institutions access to tokenized deposits and blockchain payments. The network is targeted for 2027.
Jesse Myers has left his role overseeing Bitcoin strategy implementation, analytics, and investor-facing duties at a 2,712 BTC treasury company. No successor has been named, while directors retain overall strategy and risk authority.
Six Bitcoin wallets inactive for more than a decade moved about $40 million in BTC between Aug. 16 and Aug. 26, Decrypt reported. The wallets had remained dormant through Bitcoin’s entire boom.
Chainalysis estimates $457 billion in taxable crypto activity but says just 14% of the onchain activity it identified is covered by the OECD’s CARF international tax-reporting framework.
Research cited by CryptoSlate links wider fee gaps between adjacent Bitcoin blocks to more block races and slower immediate next-block arrivals, highlighting a potential short-term security concern for BTC’s chain extension.
Coinbase and Better Mortgage announced the general availability of Bitcoin-backed mortgages after debuting their first Bitcoin-backed loan in June, according to Bitcoin Magazine.
A GrapheneOS user facing up to five years over a wiped phone said he was secretly placed on a suspected-terrorist watch list, Decrypt reported. The case highlights ongoing concerns about government access to personal device data.
Manpreet Kohli is reportedly closer to extradition and a trial in Boston over allegations that he made $20 million through a scheme to manipulate the Saitama token.
Banks are developing tokenized deposits to offer stablecoin-like payment features while keeping funds on their balance sheets. Falcon Finance’s Artem Tolkachev said the central issue is preserving deposits that support bank lending.
The SEC has sent a proposed overhaul of its crypto custody rules to the White House for review. The changes could clarify how investment advisers and funds hold digital assets for clients.
A Cointelegraph-reported survey finds that 77% of Americans consider crypto in workplace retirement plans risky, even as US policymakers move toward wider access to alternative assets.
Bitcoin fell below $78,000 after July US PCE inflation data exceeded expectations slightly. Stocks and gold also declined, while the cryptocurrency stayed below the $80,000 mark.
CryptoSlate examines why an XRP ETF may diverge from XRP’s price, citing fees, trading costs and the added pricing and legal structure of another listed product.
XRP led losses among the 10 largest cryptocurrencies as a leverage unwind pressured the market. Decrypt said chart signals indicate the more important test of XRP’s rally may still be ahead.
The SEC has sent a crypto-custody modernization proposal to the White House, Bitcoin Magazine reports. The move comes as a vote on the Clarity Act remains stalled and regulators continue their policy work.
Shinhan Financial Group and Visa will test stablecoin issuance, remittance and redemption in South Korea, alongside B2B settlement applications and AI-powered payment models.
