BNY nears crypto custody for ETFs after SEC softens SAB 121 stance
Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review.
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South Korean judge dismisses warrant for individual involved in Terra collapse: Report
In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country. 508 Total views 6 Total shares
Linea blockchain halt highlights slow decentralization of Ethereum L2s
Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future.
Memecoins are a ‘cornerstone’ of crypto: Galaxy’s Novogratz
Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident.
Central bank digital currencies have the power to upend global finance
An astonishing 80% of central banks are engaging in work around central bank digital currencies, from research to experimentation and pilot programs. A recent Bank for International Settlements, or BIS, chart demonstrates the growing interest in CBDCs by central banks, as reflected in speeches and reports as well as people’s Google search interests over time.One…
US Treasury plans to ask public if crypto-related regulations are ‘no longer fit for purpose’
The public has until Nov. 3 to submit comments on the Treasury addressing ransomware attacks, the illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy. 574 Total views 6 Total shares The United States Department of the Treasury will be calling for comments from the public on digital assets, including their views…
PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
Traders, analysts offer mixed reactions to El Salvador’s BTC announcement
While some made out the announcement from a Lightning Wallet developer to be historic, the market seems to think it's ho-hum. 1958 Total views 4 Total shares While it was billed as the “one of the biggest announcements in Bitcoin's history,” the market seems to be puzzling over the landmark reveal that El Salvador’s sitting…