In brief Rep. French Hill, who chairs the House Financial Services Committee, told Fox Business that the SEC and CFTC’s crypto rulemaking “fall[s] short” of what’s needed: a legislative solution. He credited SEC Chair Paul Atkins and CFTC acting Chair…
In brief Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to prepare a pilot proposal for a tenge-pegged stablecoin and an asset tokenization framework. Kazakhstan’s central bank earmarked up to $350…
In brief Yoido Full Gospel Church in Seoul said Wednesday that data tied to 850,000 members may have been compromised, including names, birth dates and a log of changes to ID numbers, phone numbers and addresses. Security firm Oasis Security…
In brief Google launched Playground on Oct. 7, a browser-based tool where U.S. adults describe a game in plain language and get a playable, shareable version, with creation access tiered by Google AI subscription. Google’s announcement did not name the…
China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express <!–> [–> 3 hours ago Andrew Fenton <!–> –> Source: Cointelegraph
‘No going back’ for institutions moving toward tokenized onchain future, says Fidelity <!–> [–> 12 hours ago Zoltan Vardai <!–> –> Source: Cointelegraph
In brief Wallets Arkham labels as belonging to the U.S. government moved about $103.2 million on Tuesday. Arkham ties the Bitcoin to forfeited HashFlare fraud funds and Bitfinex hack seizures, and the BNB to seized Alameda Research funds. No sale…
China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express <!–> [–> 3 hours ago Andrew Fenton <!–> –> Source: Cointelegraph
House Financial Services Committee Chairman French Hill has criticized recent federal regulatory actions regarding the cryptocurrency industry, arguing they fall significantly short of the comprehensive standards established by the proposed CLARITY Act. Hill emphasized that current enforcement-heavy approaches by agencies like the SEC create unnecessary confusion and hinder market innovation for digital assets. The lawmaker stressed the urgent need for a cohesive, legislative framework that provides regulatory certainty and clear definitions for market participants. By pushing for the CLARITY Act, committee leaders hope to establish balanced federal oversight that protects consumers while fostering growth within the evolving blockchain sector.
Coinbase has officially integrated the global crypto derivatives exchange Deribit into its platform, bridging a significant liquidity gap for United States institutional investors. This strategic move allows eligible US clients to seamlessly access sophisticated derivatives products, such as options and futures, directly through Coinbase's established infrastructure. By tapping into Deribit’s deep global liquidity pools, the integration aims to enhance market depth, improve price discovery, and foster a more mature trading environment. Ultimately, this development represents a major milestone in bringing offshore crypto derivative volumes safely and compliantly into the heavily regulated US market.