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CRYPTO NEWS ARCHIVE

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

  2. ALLCointelegraph

    Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint

    The UK Financial Conduct Authority’s (FCA) Stablecoin Sprint found that cross-border payments are seen as the most immediate and significant use case for stablecoins, especially in emerging markets with limited US dollar access, as industry participants indicated. However, domestic retail adoption in the UK is expected to be limited because current payment systems are already fast and inexpensive, providing little incentive for consumers to switch. Nonetheless, merchants could benefit from lower costs and faster settlement times. The FCA’s final rules, published on June 30, require UK-issued stablecoins to be fully backed by reserves and redeemable at par, and the feedback gathered will influence future policy on stablecoin payments.

  7. DEFICointelegraph

    Trade.xyz to cover SK Hynix perp liquidation losses tied to price anomaly

    Trade.xyz stated it will reimburse eligible traders after a price anomaly in its SK Hynix perpetual contract caused the mark price to fall nearly 19%. The contract’s price dropped from $1,127.90 to $917.25 at 23:01 UTC on Monday, due to an external market transaction feeding into the oracle, which tracks SK Hynix’s US dollar value by converting Korean won prices. Trade.xyz confirmed its oracle functioned as designed and acknowledged traders' frustration, describing the reimbursement as a "one-time discretionary decision" while reviewing how prices are formed during extreme market events. The SK Hynix contract is among Hyperliquid’s most active markets, with over $1.5 billion in 24-hour volume. The platform did not specify how many traders will receive reimbursements or the total amount expected to be distributed.

  8. ALLCointelegraph

    South Korea Plans Crypto Law as Tax Repeal Reaches Committee

    South Korea's Financial Services Commission (FSC) plans to introduce a consolidated Digital Asset Basic Act that would regulate stablecoins, digital asset business rules, and exchange requirements, aiming to address delays caused by disagreements over ownership and liquidity standards, as reported by Edaily. Currently, South Korea has ten pending bills related to digital assets, and the proposed government-backed bill could serve as a central framework for legislative negotiations. Separately, opposition lawmakers are preparing to review a bill that would abolish the country's crypto income tax, scheduled to take effect in 2027, arguing it is unfair to tax crypto income while most stock investors remain exempt. The tax, set to impose a 20% rate plus a 2% local income tax on certain crypto transfers, has garnered significant opposition and a petition with over 50,000 signatures.

  9. ALLCointelegraph

    Tether signs tokenization deal with Nairobi Securities Exchange

    Tether announced that it signed a memorandum of understanding with the Nairobi Securities Exchange to explore the use of tokenized securities, blockchain-based market infrastructure, and the potential application of USDT as a digital settlement layer, contingent on Kenyan regulations. The agreement includes plans to assess blockchain-based infrastructure, digital asset education, and real-world asset tokenization, possibly utilizing Tether’s Hadron tokenization platform for issuing and trading securities. The memorandum also emphasizes evaluating instant settlement mechanisms and the use of USDT for settlement purposes. This development aligns with the growing interest in tokenized real-world assets, which have a total onchain value of about $36.8 billion, excluding stablecoins, according to RWA.xyz.

  10. ALLCointelegraph

    Zcash Completes Ironwood Proof After Orchard Flaw

    Zcash researchers have completed formal verification of their Ironwood shielded pool, publishing a machine-checked proof consisting of over 2,700 theorems, which confirms the absence of undetectable counterfeiting bugs under its stated cryptographic assumptions. The proof, created over more than a month by three teams of cryptographers using the Lean programming language, primarily establishes the balance integrity property, ensuring the pool cannot pay out more value than has entered it publicly. This effort follows Ironwood’s introduction via Zcash’s NU6.3 upgrade, which addressed a previously discovered vulnerability that could have enabled undetectable ZEC counterfeiting. The new shielded pool aims to restore confidence in Zcash’s supply integrity, with funds migrating through a public checkpoint known as a turnstile to prevent excess coin entry.

  11. ALLCointelegraph

    European Institutions Launch RL1 Blockchain Network

    RL1, a cooperative blockchain network established by ten European financial institutions including ABN AMRO, DekaBank, and Natixis CIB, began operations as a European Cooperative Society in Luxembourg, according to Cointelegraph. The private, permissioned network was developed on infrastructure transferred from German fintech Secure Worldwide Interbank Asset Transfer (SWIAT), which had processed over 50 transactions worth more than 700 million euros during three years of use. RL1 is designed for regulated financial markets and tokenized assets, supporting institutional use cases such as digital money and blockchain-based settlement, with the aim of reducing fragmentation among financial institutions’ separate distributed ledger systems. The network, led by former SWIAT Managing Director Henning Vollbehr, is in discussions with additional institutions about joining.

  13. ALLCointelegraph

    Myanmar Passes Bill Targeting Crypto Scams With Life Sentences

    Myanmar's Parliament approved an anti-online scam bill that includes penalties of 10 years to life imprisonment for crypto scams and operating online scam centers, according to Cointelegraph. The legislation also stipulates severe punishments, including capital punishment, for violence, torture, unlawful arrest, or detention used to force individuals into scams, with the death penalty mandated when causes of death occur. The bill underwent full approval after resolving differences between previous versions, but it is unclear whether it has received presidential assent or when it will take effect. The final version of the bill, released after approval, retained the death-penalty provision, though the precise wording of the crypto-related penalties was not immediately confirmed.

  14. ALLCointelegraph

    Visa Outlines Stablecoin Strategy After Q3 Earnings

    During its third-quarter earnings call, Visa outlined its investments across various layers of the stablecoin ecosystem, including blockchain, issuance, wallets, infrastructure, and applications, with notable progress in issuance and application layers. The company mentioned its involvement in the OpenStandard consortium, which plans to issue the OpenUSD stablecoin for global money movement, and indicated that its stablecoin platform will enable partners to settle with stablecoins, support onchain wallet services, and facilitate transfers between fiat and stablecoins, starting with OpenUSD. Additionally, Visa intends to integrate with Pismo to support tokenized deposits for financial institutions and plans to include third-party providers in the future. The company also highlighted artificial intelligence as a long-term growth area, describing stablecoins and AI as complementary technologies, and noted that cross-border volume increased 13% year over year, while processed transactions rose by 10%.

  17. ALLCointelegraph

    AmericanFortress Unveils Quantum-Safe Crypto Wallet Proposal

    AmericanFortress has introduced a cryptographic scheme intended to protect existing cryptocurrency wallets from future quantum attacks without requiring users to move funds or change wallet addresses, as detailed in a technical paper on the Cryptography ePrint Archive. The scheme is designed to be compatible with seed-based hierarchical deterministic wallets used across Bitcoin, Ethereum, and Solana, and it leverages zero-knowledge proofs derived from a wallet's original seed phrase instead of replacing the underlying elliptic curve cryptography. The company states that participating nodes would verify these proofs while users continue signing transactions with their current keys. This approach differs from other post-quantum solutions, such as Freedom Factory’s hardware wallet PQ1, which employs dedicated hardware for cryptographic signatures. The development of post-quantum wallet protections reflects broader industry efforts to address potential vulnerabilities posed by future quantum computers, with some projects, including the Ethereum Foundation and Algorand, exploring migration strategies.

  18. ALLCointelegraph

    Galaxy, MARA Expand Texas Footprint with New Land Deals

    Galaxy Digital announced the acquisition of a 500-acre site in McGregor, Texas, where it plans to establish its second AI and high-performance computing (HPC) data center, initially equipped with 74 megawatts of power capacity. Separately, MARA Holdings disclosed an agreement to acquire a 1,200-acre powered site in Matagorda County with access to up to 2 gigawatts of power, intending to develop it for AI, HPC workloads, and Bitcoin mining. These developments are part of a broader trend of infrastructure expansion in Texas, which includes Meta Platforms' plan for a $14 billion AI data center campus in El Paso. Texas's large power market, low electricity costs, and suitable land have made it a favorable location for crypto and data infrastructure projects.

  20. ALLCointelegraph

    Kraken Opens Jersey Mike’s IPO to Retail Investors with Tokenized Shares

    Kraken is allowing eligible US customers to request allocations of Jersey Mike’s IPO shares at the IPO price, while users in over 110 countries can request tokenized shares (JMKEx) backed 1:1 by the underlying stock, which will trade on Kraken and other platforms after the IPO closes. The company expects the IPO price to be between $21 and $25 per share, with the shares listed on the NYSE under the ticker JMKE. Allocations are determined by the IPO underwriter and are not guaranteed. The tokenized shares can be transferred across compatible platforms and integrated with decentralized finance applications, extending access beyond traditional brokerage accounts. This approach follows Kraken's previous offerings, such as SpaceX’s IPO, amid growing interest in tokenized equities despite some past challenges with demand and supply.