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UK Parliament launches investigation into banking chokepoints for crypto companies

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British politicians want to know the extent to which the country’s banks have stifled cryptocurrency firms by denying them bank accounts and imposing restrictions on crypto-related payments, in a cross-party inquiry that started on Tuesday. The UK’s Crypto and Digital Assets All-Party Parliamentary Group (APPG) is chaired by Lord Vaizey of Didcot, the former UK […]

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Cross-chain protocol Allbridge stops after $1.65 million flash loan utilization

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Allbridge Core has paused its cross-chain stablecoin protocol after an attacker stole about $1.65 million from their Solana liquidity pools, according to security firms CertiK and PeckShield. Allbridge is a bridge that lets users move assets between blockchains that don’t communicate directly. Its core product uses liquidity pools to transfer native stablecoins such as USDC

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Bank of Korea prepares for live CBDC transactions with 9 banks in September

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Bank of Korea’s central bank digital currency (CBDC) plans are moving forward with nine participating banks. The second phase of the BOK’s CBDC program is scheduled for September with real-world transaction testing, Yonhap News Agency reported on Monday. “The Bank of Korea will provide the infrastructure for the institutional CBDC, and each bank will run

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Hut 8, IREN lands billions in new contracts, and raises AI compute stocks MARA, RIOT, WULF

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Shares of bitcoin miners turned AI infrastructure providers rose on Monday after Hut 8 ( HUT ) and IREN ( IREN ) announced billions of dollars in new contracts, easing concerns that demand for AI computing capacity may be waning. Hut 8 rose as much as 17% after signing a 15-year, $9.8 billion lease for

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Inside Cardano’s ‘Van Rossum’ hard fork and how it matters to users

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It adds new capabilities to Plutus, which platform developers use to write Cardano’s smart contracts, and unifies the built-in features available across the platform’s three versions, so older applications get newer features. The upgrade also tightens several of the ledger’s validation rules, including one that guarantees that no two stake pools can reuse the same

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Exodus (EXOD) to cut 25% of global workforce in payment switch

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Crypto wallet firm Exodus Movement (EXOD) will cut around 25% of its global workforce as it reshapes its business around stablecoin payments and card infrastructure. The Omaha, Nebraska-based company said in a filing that the layoffs are part of a broader effort to lower costs while supporting its strategy to build a full-stack payments platform.

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Strategy (MSTR) raises liquidity reserve to $3.2 billion without selling bitcoin (BTC).

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Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,179.43 holder, boosted its cash reserve by about $225 million last week after selling common stock, bolstering liquidity while leaving its bitcoin holdings unchanged. Michael Saylor, executive chairman of the firm, said on Monday that Strategy now holds a US dollar reserve of $3.225 billion along with its

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Bitmine (BMNR) Slows ETH Buying Pace to Move Cash for $86M Share Buyback

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Bitmine (BMNR), the largest Ethereum tax company, bought just 7,430 ether (ETH) last week, dialing back its buying spree as it redirected capital to a share buyback. The latest purchase, worth about $14 million at ether’s current price of $1,879, lifted BitMine’s holdings to 5.78 million ETH, or about 4.8% of Ethereum’s circulating supply, according

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