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Japan moves crypto under financial rules in regulatory review

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Japan reclassified cryptocurrencies as financial instruments, a structural change that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). The legislation, approved by Parliament on Wednesday, amends the Financial Instruments and Exchange Act and the Payment Services Act (PSA). It shifts crypto from a framework where it […]

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Open USD poses a new threat to Circle by challenging USDC’s core business model, CoinShares says

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USDC’s circulating supply has fallen to about $73 billion from nearly $80 billion in March, trimming its share of the roughly $312 billion stablecoin market as competition from newly regulated issuers intensifies. Circle shares fell more than 17% the day Open USD was announced, however CoinShares said the decline was likely compounded by technical selling

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Cantor and Securitize collaborate on blockchain-based IPOs

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Investment giant Cantor Fitzgerald and cryptocurrency-focused broker-dealer Securitize ( SECZ ) are revamping initial public offerings (IPOs) with tokenization and blockchain technology, the companies said Wednesday. Under the agreement, Cantor will leverage its equity capital markets and trading capabilities, while Securitize will provide the tokenization infrastructure used to issue, distribute and service tokenized securities, according

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DTCC moves tokenized securities to live trading, marking a milestone for Wall Street’s blockchain push

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DTCC protects more than $114 trillion in securities, making it one of the most important parts of the financial market infrastructure. Every day it records ownership and settles transactions involving stocks, bonds and other securities. Instead of creating new digital assets, DTCC’s system converts existing securities into blockchain-based “digital twins” that retain the same legal

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Ostium loses $18 million in oracle attack that gamed its own price-feed infrastructure

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An attacker drained approximately $18 million in USDC from Ostium’s liquidity vault on Arbitrum in an oracle manipulation exploit discovered by blockchain security firm Blockaid, onchain data shows. According to Blockaid’s alert, the attacker leveraged a registered PriceUpKeep forwarder, a component of Ostium’s automated infrastructure, to submit oracle price reports with future-dated timestamps. The manipulated

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The privacy paradox of protecting children online

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In Utah, which passed State-Endorsed Digital Identity (SEDI) legislation, Cardano Foundation-built Veridian has already demonstrated that digital identity can be delivered in a privacy-preserving way, allowing users to prove they are over or under a certain age without revealing other data. It is a working model of what responsible verification can look like and shows

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South Korea’s new economic roadmap is a massive bet on blockchain technology

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South Korea plans to update its 76-year-old national wealth management system to formally include virtual currencies and intellectual property in the country’s definition of national assets, according to the Ministry of Economy and Finance’s economic policy roadmap released on Wednesday. The proposal intends to overhaul the National Property Act, which dates back to 1950, and

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A timeline of the Ethereum Foundation’s ongoing shakeup

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Welcome to The Protocol, CoinDesk’s technical newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk. We give you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology every week. This week, we unpack the timeline of all the changes at the Ethereum Foundation since the

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How Robinhood Chain’s Biggest Launchpad Made $12 Million and Disappeared

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Noxa, the largest token launch site on the Robinhood Chain, ceased operations after earning an estimated $12 million in fees, according to DefiLlama, in the past week, citing concerns about low-quality tokens flooding the platform. The shutdown unfolded over a matter of days. On July 11, just as CASHCAT, the chain’s breakout memecoin, reached its

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