The Bank for International Settlements (BIS) has expressed concerns over USD-based stablecoins, warning they threaten monetary sovereignty and local monetary policies, especially outside the U.S. BIS head Pablo Hernández de Cos favors bank-issued tokenized deposits as safer alternatives that preserve monetary control. Despite stablecoins dominating over 90% of the market, their transaction volume fell 37% from June to August, indicating reduced adoption. Meanwhile, banks like JPMorgan and institutions like the ECB are exploring tokenized deposits and central bank digital money, which could challenge stablecoins' dominance in the future.
Hal Finney received the first Bitcoin transaction of 10 BTC from Satoshi Nakamoto in January 2009, marking a historic moment in Bitcoin's early days when it had little value. A cryptographer and early digital currency pioneer, Finney was deeply invol...
Rosen Law Firm is investigating Suja Life, Inc. for allegedly issuing misleading business information after the company lowered its full-year sales forecast, causing a 46% stock price drop. Investors who bought Suja securities may join a class action...
Ripple is preparing the XRP Ledger for the potential future threat posed by quantum computers, which could break current cryptographic protections. The company has a four-stage roadmap to make the ledger fully quantum-resistant by 2028, including tes...
OpenAI announced it will end access to its AI models for Cursor, following SpaceX's $60 billion acquisition of the AI coding startup. OpenAI cited concerns over SpaceX's compliance with contract terms based on past disputes with Elon Musk's companies...
Sberbank, Russia's largest bank, is preparing to offer corporate loans secured by Bitcoin, with plans to include Ethereum and Tether (USDT) once approved by the Bank of Russia. This move aligns with Russia's new digital asset regulations effective Se...
