The UK government plans to give the Bank of England (BoE) a new secondary objective to support innovation in payment systems and emerging forms of digital money, including stablecoins. The proposed change would expand the central bank’s existing innovation responsibility for central counterparties and central securities depositories to systemic payment systems. Financial stability would remain
Thirty-nine state bankers associations announced on August 25 the formation of BankChain Alliance, an industry-owned blockchain network built to let banks of every size offer modern payment services while keeping local lending inside the communities they serve. The Alliance plans to build a common blockchain platform that participating institutions will own, design and govern together,
A federal jury convicted Las Vegas business owner Brent C. Kovar on Monday for defrauding at least 400 investors of $24 million through a cryptocurrency Ponzi scheme, exposing him to a statutory maximum of 280 years in prison. Kovar owned Profit Connect, a Las Vegas company that told investors it ran artificial intelligence software on
Gemini Space Station, Inc. and Apex Fintech Solutions Inc. have signed a letter of intent that would make Gemini’s subsidiary, Gemini Titan, the exclusive regulated venue for crypto prediction market contracts distributed through Apex’s Futures Commission Merchant to Apex’s brokerage customers, the companies announced on Monday. The arrangement would give Apex‘s brokerage clients regulated access
The U.S. Securities and Exchange Commission (SEC) has published the crypto offering framework the industry has wanted for the better part of a decade, and the clock on it is now running. On August 18, the SEC proposed Regulation Crypto Assets, a bespoke regime that would let token issuers raise up to $75 million without
X is in talks to pay its most influential creators in stablecoins such as Circle’s USDC, according to a CoinDesk report, a move that would route royalty payouts onto blockchain rails and fold crypto into Elon Musk’s growing payments business. A person familiar with the plans told CoinDesk the discussions remain active and that they
Event contracts brought Robinhood $156 million in the second quarter of 2026, more than the company earned from either equities or cryptocurrencies, according to its Q2 10-Q filing. That makes prediction markets the second-largest of Robinhood’s trading lines, behind only options, a year after the product was barely a rounding error. It also means the
Fijian authorities deported Edward Zimbardi to the United States on August 14 to face federal wire fraud and money laundering charges tied to The Crypto Program, an alleged cryptocurrency Ponzi scheme that prosecutors say drew more than $165 million from thousands of investors before it collapsed in 2023. The U.S. Attorney’s Office for the Northern
Austria’s Financial Market Authority (FMA) has fined Bitpanda GmbH €70,000 for breaching several requirements under the European Union’s Markets in Crypto-Assets Regulation, marking Austria’s first published penalty under MiCA. The regulator found that Bitpanda failed to meet rules covering the submission and publication of a crypto-asset white paper and the content of its marketing communications,
What Did The OCC Approve? World Liberty Financial moved closer to operating a federally chartered national trust bank after the Office of the Comptroller of the Currency granted conditional approval to World Liberty Trust Company, National Association. The preliminary approval allows the proposed bank to prepare for fiduciary and trust-related digital asset activities, but it