The non-custodial Bitcoin exchange petitioned to annul a French decree implementing DAC8, arguing the rules could create surveillance and physical risks for up to 135 million European crypto holders. Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France’s Council of State (Conseil d’État) to strike down a French decree implementing the European Union’s …
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Tokenized Real World Assets span treasuries, real estate, stocks, commodities and private credit. The sector is still small in TradFi terms but it’s growing very, very fast. Standard Chartered head of digital assets research Geoff Kendrick predicted in a recent research note that assets in DeFi could reach $2.7 trillion by 2030. He said that, …
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First Financial Security is preparing to pay affected individuals a total of $1.2 million in cash and credit monitoring services in a class action settlement. The national insurance agency agreed to the resolution of claims stemming from its October 17th, 2023 data breach. The lawsuit was launched because the company allegedly failed to adequately protect …
Toss has reportedly partnered with Optimism and Sunnyside Labs for a proof of concept on the feasibility of a Korean won-based stablecoin for payments. Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional …
Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC. Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin …
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The EU securities regulator will assess custody providers’ key management, incident response and reliance on third-party technology providers. The European Securities and Markets Authority (ESMA), a key EU regulator supporting the implementation of the Markets in Crypto-Assets (MiCA) framework, is launching a dedicated process for reviewing crypto custody providers. ESMA plans to conduct a common …
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Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts. Kalshi is appealing a New York federal judge’s rejection of its bid to block state gambling officials from enforcing local laws against the prediction market platform’s …
The Management Association (MRA) is preparing to pay class members hundreds of thousands of dollars as part of a class action settlement over data breaches. The human resources management organization agreed to the settlement resolving claims from breaches discovered in July 2023 and January 2024, reports ClassAction.org. The lawsuit was launched because the association allegedly …
President Trump’s plan for a Strategic Bitcoin (BTC) Reserve has encountered complications from competing government departments. Two agencies are vying to oversee the initiative, raising questions about legal authority, reports Bloomberg. The reserve was ordered last year to position the US as the crypto capital of the world. It was intended to be housed in …
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Base is scheduled to activate its B20 token standard on Wednesday at 6 pm UTC, allowing developers to begin creating native tokens on the network. Coinbase-backed Ethereum layer-2 network Base is set to activate its B20 token standard on mainnet, introducing a native framework for stablecoins, tokenized real-world assets (RWAs) and other fungible tokens. According …
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MediaFuse, the company that runs the crypto and tech-focused press release service Chainwire, is moving into the wider technology industry with the launch of TechnologyWire. The new distribution network is built specifically for tech-sector announcements and forms part of MediaFuse’s growing distribution network, which includes Chainwire, CyberNewsWire, GamingWire and FinanceWire. MediaFuse CEO Nadav Dakner says …
So-called “chat control” rules could be revived in the EU, with lawmakers again set to vote on the legislation Thursday. EU lawmakers are set to vote again on controversial legislation dubbed “chat control” by its critics, which would allow tech firms to scan messages for child sexual abuse material. On Tuesday, the European Parliament voted …
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The CFTC has launched a rare crypto-related enforcement action against a commodity pool operator that allegedly defrauded investors of more than $14 million. The US Commodity Futures Trading Commission has sued a North Carolina man, accusing him of operating a commodity pool featuring crypto that defrauded investors of more than $14 million. The CFTC’s lawsuit, …
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“The security risk is the part we take most seriously,” the team said, citing old code and AI exploit risks. Privacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons. Secret Network has been running privacy-preserving smart …
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The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said. Bitcoin financial services platform Strike has launched a “volatility-proof” Bitcoin-backed loan that eliminates margin calls and forced liquidations amid the depths of a bear market, but …
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