Category: crypto

Taiwan’s Financial Supervisory Commission plans to allow banks to issue stablecoins to bridge the gap between the New Taiwan dollar and digital currencies. Stablecoins offer stability in volatile markets and enable fast, low-cost transactions. Proposed regulations would ensure FSC approval and strict requirements for issuers and reserve managers.

CryptoSlate’s market report analyzes the first year of spot Bitcoin ETFs, covering trends, capital flows, performance metrics, and impact on the crypto market. The report is available exclusively on their platform and discusses 1,100,000 BTC involved in Bitcoin ETFs over the past year.

The House Committee on Oversight and Government Reform sent letters to crypto firms requesting evidence of being denied banking services. The Blockchain Association praised Rep. James Comer’s leadership in addressing the issue. The investigation aims to determine if regulators are behind the exclusion of crypto businesses from banking services, potentially stifling innovation.

CryptoSlate Alpha is a membership program that requires the purchase of a membership NFT using SOL, the native token of Solana. Connecting your Solana wallet is necessary for the purchase. By buying the membership, you agree to the terms and conditions of your wallet provider and the Access Foundation. CryptoSlate is not responsible for your…

THORChain has suspended Bitcoin and Ethereum withdrawals in its lending and savings programs due to a $199 million liability. The platform’s founder disclosed a pause in validator node activities, halting debt repayments and asset redemptions. Despite disruptions, trading functions are operational. The platform aims to restructure debts for long-term viability.

Video-sharing platform Rumble is introducing a crypto wallet to facilitate payments between users and creators. CEO Chris Pavlovski announced the “Rumble Wallet” will support Bitcoin and Tether. This move is part of Rumble’s larger strategy to incorporate digital assets, including recent Bitcoin acquisitions and a $775 million investment from Tether.

Noones, a peer-to-peer crypto marketplace, experienced a security breach resulting in $8 million in losses. The exploit occurred between Jan. 1 and Jan. 2, with questionable transactions on hot wallets totaling $7.9 million across Ethereum, TRON, Solana, and Binance Smart Chain. Funds were funneled through Tornado Cash. CEO confirmed the breach, attributed it to a…

Ethereum co-founder Vitalik Buterin warned about the dangers of “politician coins,” describing them as a perfect bribery vehicle that could undermine democratic systems. He explained how these digital tokens could allow politicians to gain financial benefits indirectly, bypassing traditional donation regulations. Buterin called for caution in applying blockchain-based innovations to governance and proposed decentralized structures…

ECB board member Piero Cipollone stated that the ECB needs to speed up the launch of a digital euro in response to Trump’s move to promote dollar-backed stablecoins globally. Trump’s executive order aims to boost stablecoin growth, posing a threat to traditional banking. The ECB plans to cap digital euro holdings to protect banks.

The US SEC introduced Staff Accounting Bulletin (SAB) 122 to replace the criticized SAB 121, easing regulatory challenges in the crypto custody sector. SAB 121 required firms to classify assets as liabilities, hindering market entry. The new policy, under President Trump and SEC Chair Uyeda, aligns with standard practices and promotes a supportive regulatory environment.