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GENIUS Act Clears Path for US Banks to Issue Consortium-Backed Stablecoins

The GENIUS Act establishes clear rules for American banks to issue stablecoins backed one-to-one by high-quality assets.Banking consortiums, like Zelle, serve as effective models...

EU Accelerates Digital Euro Plans as US Stablecoin Law Looms

European Union officials are considering accelerating plans for a digital euro in response to new U.S. stablecoin regulations.The U.S. Congress passed the GENIUS Act,...

XRP Spot Price Holds at $2.87, Down 1% Amid Tight Trading Range

The XRP spot price is at $2.87, reflecting a 1.0% decline in the past 24 hours.XRP is trading within a tight range of $2.83...

Ripple and SBI to Launch RLUSD Stablecoin in Japan in 2025

Japan’s revised Payment Services Act requires licenses for issuing and distributing fiat-backed stablecoins. Ripple and SBI Holdings will launch the RLUSD stablecoin in Japan by...

ASIC Expands Crackdown After 14,000 Online Scams Taken Down

ASIC has taken down 14,000 online scams since July 2023, with over 3,000 involving cryptocurrency.The regulator is expanding its enforcement to include social media...

MetaMask to Launch mUSD Stablecoin on Ethereum.

MetaMask plans to launch its own stablecoin, mUSD, later this year on the Ethereum and Linea networks.The stablecoin will be fully backed 1:1 with...

Bitcoin Plunges 10% as Memecoin Surge, Strategy Faces ‘Doom Loop’

Bitcoin’s price fell about 10% after reaching a record $124,000 earlier this month. A new memecoin launch and changes in corporate bitcoin investment rules have...

DOJ: No Prosecution for Crypto Developers Without Criminal Intent

The U.S. Department of Justice (DOJ) stated it does not plan to prosecute crypto software developers who act without criminal intent. DOJ official Matthew Galeotti...

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Polygon Labs quietly fixes critical security bugs with hard forks

Polygon Labs disclosed it patched a batch of security vulnerabilities through two hard forks — Austin on its Bor...

Saylor Signals ‘We’re Back’ as Strategy Set to Resume Bitcoin Buys

Strategy co-founder Michael Saylor posted a cryptic message on X, signaling the company's likely return to Bitcoin buying.Saylor has...

India pitches CBDC link for BRICS trade at upcoming summit

India will propose a central bank digital currency (CBDC) linkage at the BRICS summit on September 12 and 13.The...

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