Featured topic
8 articles
The Independent Community Bankers of America has taken the Office of the Comptroller of the Currency to federal court, arguing that a rule letting crypto firms obtain national trust bank charters has created an unregulated fourth category of banking.
Open USD went live on October 30 backed by commitments from Coinbase, Mastercard, Shopify, Stripe and Visa exceeding $1 billion, yet dashboards from Bridge and DeFiLlama show circulating supply closer to $480-490 million, a gap that sits uneasily with stablecoin transparency expectations in Europe.
Bank of Spain governor José Luis Escrivá called tokenised bank deposits 'a clear alternative to cryptocurrencies' at a September 15 forum, as the digital euro project moves toward strict wallet caps and European regulators seek to loosen MiCA's stablecoin reserve rules.
On-chain analysts have traced a portion of the funds stolen from Bitget to wallets linked to North Korea's Lazarus-affiliated TraderTraitor group, yet no government or agency has issued formal attribution, a striking contrast to the swift response after last year's Bybit hack.
A working paper by former ECB official Ulrich Bindseil and Circle's Patrick Hansen says MiCA's circulation conditions are isolating EU stablecoin holders from the dollar-dominated global market, and proposes an equivalence regime with regimes such as the US GENIUS Act.
A federation of over 80 companies backs Blockstream's Liquid Network, but only 15 hold signing power over its bitcoin reserves. On September 6, that narrow multisig authorised transactions that drained nearly all of it.
A flaw in Elements, the software underlying Blockstream's Liquid Network, allowed an attacker to mint roughly 4,000 unbacked L-BTC and withdraw nearly 4,000 real bitcoin, leaving the Federation's reserves at about 197 BTC and redemptions frozen.
A year after MiCA's full implementation, around 20 euro-pegged stablecoins have won regulatory approval, yet daily trading volumes remain a fraction of their dollar counterparts, with Revolut's new EURR token entering an already crowded and thin market.