The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on their…

The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.The UK’s Financial Conduct Authority (FCA) announced two consultation periods for how companies using decentralized finance can comply with its guidance, and exclusions for certain crypto assets following “recent legislative changes.”In a Wednesday notice,…

The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.” US Treasury Secretary Scott Bessent has compared the Trump administration’s landmark stablecoin legislation to banking reforms enacted under President Abraham Lincoln, drawing parallels between two efforts to establish a national framework for American…

Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations came…

Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings.Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports.Read more

Solana’s first major consensus upgrade is targeting 99% finality reduction, seeking to offer users near-immediate transaction settlement and more responsive applications.Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s Alpenglow dashboard.Alpenglow seeks to reduce transaction finality by 99%, to roughly 150 milliseconds from…

CertiK says crypto trading bots and exchange applications may remain exposed to the eMudhra certificate flaw because browser fixes may not protect all software.Cryptocurrency trading bots and exchange applications may remain exposed to the eMudhra certificate security flaw despite emergency fixes from major technology companies, according to blockchain security company CertiK.By Tuesday, tech giants including…

Hardware wallets aren’t the only way to protect your crypto, but from ETFs and passkeys to multisig accounts, each alternative has its own risks and trade-offs.After more than $200 million dollars worth of crypto was stolen in recent months from tampered Ledgers, and Coldcards where the seed generated wasn’t truly random, faith in hardware wallets…

The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.The US Office of the Comptroller of the Currency finalized rules Wednesday for payment stablecoin reserves, redemptions and related custody activities, implementing the GENIUS Act for entities under its…

The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending.Standard Chartered signed definitive agreements to acquire Zodia Custody’s regulated operating entities, subject to regulatory approvals and closing conditions.The signing advances a transaction announced in May, when Zodia’s shareholders accepted the bank’s non-binding offer.As part of the deal, Standard…