The US Federal Reserve proposed creating limited payment accounts that could give legally eligible fintech and crypto-linked banks narrower access to its payment rails without the backstops available to traditional banks. The proposal was released on Wednesday through a Federal Reserve Board request for comment and notice of proposed rulemaking, referring to “skinny master accounts” …
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HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of …
Key Takeaways Qivalis added 25 banks, reaching 37 institutions across 15 European countries. ING and BNP Paribas back euro stablecoins to counter $190B Tether dominance. Qivalis plans a euro-pegged stablecoin launch later in 2026 for onchain payments. European Banks Expand Qivalis to 37 Members Across 15 Countries A growing coalition of European banks is accelerating …
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Key Takeaways On May 20, privacy coin Zcash (ZEC) surged over 17% in six hours to cross an $11 billion market cap. The ZEC rally triggered $28.25 million in liquidations and saw it eclipse rival token Monero. To enter the top 10 crypto assets, ZEC must hit $1,000 to flip DOGE’s $16.25 billion valuation. Zcash …
Continue reading “ZEC Hits $686 Amid $28M Liquidations as Analyst Warn of Coordinated Squeeze”
This episode features two guests from the Wadoozie team. The project is led by Mr. Wadoozie, Senior Internet Architect Engineer of Software, who brings more than a decade of experience in the cryptocurrency industry. He is joined on this episode by Tay, Operations Manager, who has a background in marketing and management and has run …
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it purchased the remaining 49% equity interest in Project Dorothy 1B from Navitas Global for about $8.8 million, giving Soluna …
Continue reading “Soluna Buys out Dorothy 1B as Bitcoin-to-AI Campus Conversion Advances”
Key Takeaways Ontop integrated Opentrade infrastructure to launch a ~3% APR USD rewards program for global remote workers. The feature highlights a fintech trend of activating a portion of Ontop’s $1 billion-plus payroll float. Opentrade and Ontop are co-developing fixed-term yield products expected to launch in the near future. Mitigating Risk for Cross-Border Workers Ontop …
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Key Takeaways South Africa’s National Treasury and SARB extended the capital-flow comment deadline to June 30, 2026. VALR CEO Farzam Ehsani warned the draft rules risk reversing years of regulatory progress in the sector. Treasury will next publish a draft manual outlining which cross-border crypto transactions face controls. Modernizing Exchange Controls South Africa’s National Treasury …
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The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and how the bank monitored crypto customers. In her first public comments about her settlement with …
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Tax dodgers have started turning to Bitcoin Ordinals, BRC-20 tokens and other digital methods in an attempt to hide their wealth from tax authorities, according to blockchain analytics platform Chainalysis. “Tax evasion and unreported income are age-old financial crimes, but the methods used to commit them are rapidly evolving,” Chainalysis said in a report Wednesday. …
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Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for rollups. The company said on Thursday on X that the decision was necessary because “the rollup market has fundamentally shifted.” “Unfortunately, the rollup market has shrunk dramatically. For every new …
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The US securities regulator is delaying the launch of a recent wave of “novel ETFs,” including those that allow investors to bet on the outcome of events, to consider the implications of introducing the new products. In a statement on Wednesday, SEC Chair Paul Atkins said that “novel products raise novel questions” and instructed his …
Continue reading “SEC seeks public comment as it weighs prediction market ETFs”
US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rare move for newly debuted ETFs, according to analysts. Two Hyperliquid (HYPE) ETFs from issuers Bitwise and 21Shares have recorded nearly $41 million in total value traded since their launches earlier this month, with trading volumes increasing since their …
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MAPO, the native token of the Map Protocol, fell 96% on Wednesday after an exploit of the Butter Network cross-chain bridge, which allowed an attacker to mint a quadrillion MAPO tokens. The malicious mint was tens of thousands of times larger than the legitimate supply of tokens, sending the value of MAPO from around $0.003 …
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Bitcoin treasury company Nakamoto is moving ahead with a shareholder-approved 1-for-40 reverse stock split on Friday in an effort to avoid delisting from the Nasdaq Stock Exchange. The company received a notice from the Nasdaq on Dec. 10, warning that its stock price had fallen below the $1 minimum for 30 consecutive business days, according …
Continue reading “Bitcoin treasury Nakamoto plans reverse stock split to save ailing share price”
