Everything web3, crypto, defi, degen
In brief Blueprynt’s pilot program for “Know Your Issuer” tapped USDC and PYUSD. The solution is aimed at stifling counterfeit cryptocurrencies. The pilot comes amid new guidance for banks and safeguarding crypto. Bluprynt recently completed a pilot project aimed at stifling counterfeit cryptocurrencies, integrating a “Know Your Issuer” framework into stablecoins from Circle and PayPal,…
In brief The SEC has accused Unicoin and its executives of misleading investors and inflating deals. CEO Alex Konanykhin says the charges are politically motivated “fabrications” meant to block Unicoin’s public listing. Legal experts warn the SEC’s case looks like a classic securities fraud complaint, giving Unicoin a steep battle in court. Crypto firm Unicoin…
In brief KuCoin says it will become the first global exchange to support Thailand’s G-Token program, beating other major exchanges to the punch. In May, Thailand approved the world’s first publicly offered tokenized government bond worth 5 billion baht (US$153 million). KuCoin says the G-Token initiative could serve as a template for other governments exploring…
In brief TRIO and Swarm Markets launched tokenized gold bars on Bitcoin via the Ordinals protocol. The tokens trade like other Ordinals, but redemption requires KYC through Swarm’s compliance process. The project follows TRIO’s support for Runestone and Spartacus, which published the Afghan War Logs on-chain. Gold bars have landed on Bitcoin. A new token…
In brief AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls. The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform. This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and…
In brief Durov has called his August 2024 arrest “legally and logically absurd,” claiming French police detained him over crimes by users he’d never heard of. The Telegram CEO must report to French authorities every 14 days despite ongoing investigation finding no wrongdoing by him or his platform. Durov remains under judicial supervision in France,…
In brief VanEck filed on Friday a proposal for an exchange-traded fund tracking the price of JitoSOL. The U.S. SEC earlier this month determined that liquid-staking tokens are not securities, clearing a path to putting them in ETF wrappers. The filing comes as investor demand for staked crypto ETFs increases. VanEck submitted an application to…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors mostly red heading into Jackson Hole; BTC -1% at $112,300 MetaMask introduces new stablecoin mUSD, to launch on ETH +…
In brief Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins. SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD. Japan has a structured and bank-friendly crypto regime, while its local players…
In brief The OCC terminated its consent order on digital assets bank Anchorage Digital. The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021. Federally chartered Anchorage custodies some of the BTC and ETH held in BlackRock’s spot ETFs. The Office of the Comptroller of Currency (OCC) announced Thursday that…
