Coinbase’s Base network experienced a 19-minute block production halt on August 5, with the latest block remaining at height 33,792,704 before resuming normal operations. The Ethereum Layer 2 blockchain reported the issue at 6:15 UTC and confirmed resolution by 6:44 UTC according to its official status page, marking the network’s first significant outage. Source: Base…
Remitly plans to introduce stablecoin functionality to its global payment network, marking a big shift in how the remittance company enables international money transfers. The Seattle-based fintech, known for serving immigrants and overseas workers, aims to improve speed, reliability and cost efficiency for users in over 170 countries. The company announced Monday it will begin…
The CEO of South Korean crypto exchange Bitsonic has been sentenced to a second jail term for another fraud charge. CEO Shin Jin-wook already faces a 7-year sentence in prison for stealing 10 billion won ($7.5 million) worth of customer deposits. South Korean media outlet Digital Asset reported that a Daegu District Court judge sentenced…
The Commodity Futures Trading Commission plans to allow spot cryptocurrency trading on exchanges it already regulates, expanding access to digital assets through federally registered futures markets. CFTC Acting Chairman Caroline Pham unveiled the plan on Monday, calling it the first move in the commission’s broader “crypto sprint,” a program aimed at quickly implementing key policy…
As traditional finance warms to blockchain, a new report by Ripple highlights growing bank investments in digital assets. From early-stage funding to quantum-secure tokenization, global banks are reshaping their role in the evolving financial landscape. The shift signals blockchain’s transition from experimental tech to strategic infrastructure. Banks Are Going Beyond Pilots and Proofs Between 2020…
The White House is reportedly preparing an executive order that would penalize banks for dropping customers over political or ideological reasons, in a move aimed at curbing what conservatives and crypto firms have long called financial discrimination. A draft of the order, viewed by The Wall Street Journal, instructs bank regulators to investigate whether financial…
DeFi lending protocol CrediX suffered a $4.5 million exploit after attackers gained administrative control of the project’s multisig wallet and abused bridge privileges to mint unbacked collateral tokens. The breach occurred six days before detection when the compromised admin account was granted multiple high-level roles, including pool admin, bridge controller, and emergency admin permissions. Source:…
Key Takeaways: Ant Group’s move with Topnod indicates blockchain’s expansion into cultural and creative industries in China. The initiative could test demand for low‑priced blockchain‑verified collectibles in mainstream consumer markets. Integration with Alibaba’s broader ecosystem may accelerate adoption across commerce and digital services. Ant Group’s digital asset platform Topnod has launched its “Online Digital Art…
Crypto exchange Bullish, backed by billionaire investor Peter Thiel, filed for an initial public offering (IPO) in the United States on Monday. According to its preliminary prospectus, the company plans to offer 20.3 million ordinary shares at a proposed price range of $28.00 to $31.00 per share. Based on that pricing, the offering could raise…
As digital transactions continue to rise across Europe, the European Central Bank (ECB) is doubling down on its commitment to preserve physical cash. In a blog post titled “Making euro cash fit for the future,” ECB Executive Board Member Piero Cipollone outlines why cash remains indispensable—and how the ECB plans to ensure it stays that…