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CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  1. ALLCointelegraph

    Japanese regulator requests tax filing exemption for trust-type stablecoins in 2027 reform

    Japan’s Financial Services Agency (FSA) has requested an exemption from tax filings for trust-type stablecoins starting in fiscal year 2027, arguing that these assets circulate among many users, are involved in frequent transactions, and do not generate income for holders. The exemption, subject to legislative approval, could take effect from April 1, 2027, and would eliminate the need for trust reports listing beneficiary details and income. This proposal is part of broader efforts by Japan to classify crypto assets as financial assets under the Financial Instruments and Exchange Act, a move supported by recent legislative revisions.

  5. DEFICointelegraph

    More Markets lending reserve drained for $410,000: Blockaid

    According to Web3 security platform Blockaid, decentralized finance protocol More Markets had approximately $9.3 million in digital assets drained from its Flow EVM lending reserve, with about 15.5 million Wrapped Flow (WFLOW) tokens stolen. The attacker used Ankr Staked FLOW and E-mode, a feature of Aave V3 intended to increase borrowing power, to overborrow from the reserve. The exploit contributed to August's total of approximately $139.7 million stolen from cryptocurrency hacks, making it the third-largest month of 2023 for such incidents. More Markets has not yet confirmed the event or disclosed potential user losses, and attempts to obtain further details from the involved parties have been unsuccessful.

  8. BITCOINCointelegraph

    Russia’s Sber eyes USDT loans, questions digital ruble demand

    Sber, Russia's largest bank, plans to accept USDT, Ether, and Bitcoin as collateral for loans as Russia introduces regulated crypto trading under a new law, according to Deputy Chairman Anatoly Popov. The bank intends to adapt its existing products and expand offerings once the assets are permitted for trading by the Bank of Russia, which has proposed Bitcoin, Ether, and USDT for regulated exchange trading. Despite these changes, Sber's chief financial officer Taras Skvortsov expressed little interest in the digital ruble, citing a lack of broad demand from clients and the financial sector. The new legislation, signed by President Vladimir Putin, took effect on September 1, and the central bank has not yet authorized the digital ruble for wide use.

  11. ALLCointelegraph

    Trump-promoted brand touts GOLD before token collapse

    A Solana-based token called "Trump Digital GOLD," promoted by the Trump-linked Real Trump Coins brand, collapsed within hours of its launch, raising doubts about its legitimacy and the identity of those behind it. Blockchain analytics indicated that the developer held a significant majority of the token's supply and quickly sold off a large portion, profiting approximately $312,000, while the token's market value dropped from about $50 million to $500,000. The launch was accompanied by the deletion of related posts on social media, leading some observers to suggest that the account was hacked or the project was a scam, with claims attributing involvement to Iranian hackers. The episode has intensified scrutiny of Trump-related crypto ventures amidst broader discussions about crypto regulation in the US.

  12. ALLCointelegraph

    Stablecoins not credible for payments at scale, BIS chief says

    The Bank for International Settlements' General Manager, Pablo Hernández de Cos, stated that stablecoins do not credibly function as a means of payment at scale, suggesting that tokenized bank deposits may be a stronger alternative, as reported by Reuters. He also expressed concerns about stablecoins potentially leading to higher funding costs for banks and impacting monetary sovereignty due to limited interoperability and regulatory differences across major markets, including the US, EU, UK, Hong Kong, and Singapore. While acknowledging that stablecoins could lower government borrowing costs, de Cos cautioned that they could also have detrimental effects for consumers, especially if deposit shifts occur. The Financial Stability Institute's study highlights substantial regulatory discrepancies regarding stablecoin issuers across these jurisdictions.

  13. ALTCOINSCointelegraph

    Solana validators approve proposal to accelerate SOL disinflation

    Solana validators approved a proposal, SGP-0002 or Double Disinflation, to increase the network’s annual disinflation rate from 15% to 30%, with 67% support and over 60% participation, according to Cointelegraph. This change is expected to allow Solana to reach its 1.5% long-term inflation target in approximately 2.8 years, compared to 5.7 years previously, while reducing future SOL issuance by about 18.9 million over six years. The vote reflected differing views among major stakeholders, with Figment opposing the measure and Helius and Jupiter supporting it, and Kraken’s position shifting from against to in favor during the process. The governance vote coincides with strong investor interest in Solana-based financial products, such as the US-listed Solana ETF, which has surpassed $1 billion in assets, according to Bloomberg ETF analyst Eric Balchunas.

  14. ALLCointelegraph

    Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs

    Circle, the issuer of the USDC stablecoin, has become a sponsor for Chelsea Football Club, with its branding planned to appear on player jerseys during the 2026/2027 season. This partnership follows a warning from the UK’s Financial Conduct Authority (FCA) about “questionable sponsorship deals” involving unauthorized financial firms, including crypto companies, targeting football fans. Despite Circle’s UK arm being authorized under FCA regulations since 2018, the USDC stablecoin itself is not issued or regulated under UK law. The FCA has expressed concerns about the potential exploitation of fans’ loyalty by unapproved financial firms, though stablecoins like USDC remain legal to use in the UK as lawmakers work on establishing comprehensive regulations.