Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, chair of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech conference hosted by the Philadelphia Federal Reserve Bank on Sept. 7. As Big Tech continues to innovate, small firms may be squeezed out of the space, he added. […]

Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7. Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz are the coalition’s founding members, but membership is open to “any organization that […]

Well-known crypto Lawyer John E. Deaton spoke to Nick Burrafato from Linqto about ways he sees banks being able to use XRP via ODL. In July, Judge Torres granted a partial victory to Ripple and a partial victory to the US Securities and Exchange Commission (SEC). The SEC had sued Ripple over its sales of XRP but the Judge deemed […]

Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident. As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency exchange Upbit. This led to arbitrageurs borrowing CYBER from […]

A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ether (ETH) on the liquid staking provider Rocket Pool. The investor lost their entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) on Sept. 6, the cryptocurrency security firm PeckShield reported. The hack was completed in just two transactions, […]

East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs).  On Sept. 7, a local media outlet, the Central News Agency, reported that the Financial Supervisory Commission (FSC) of Taiwan had created a draft of 10 guiding principles for […]

Introduction Cardano’s native tokens are a cornerstone of the blockchain’s functionality and community engagement. These tokens, which can be user-defined, are treated by the Cardano ledger similarly to its native currency, ada. Since the Mary hard fork in March 2021, Cardano has offered built-in support for native tokens, eliminating the need for custom code for their creation, transfer, or deletion. […]

Ripple has always shown its keen interest in entering the European market as it feels it’s easier for crypto to breathe in the UK than in the US. In yet another move, Ripple has expanded its University Blockchain Research Initiative (UBRI) program by partnering with four prominent European universities: IE University in Spain, the University of Trento in Italy, EPITA […]

A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of the rapper Drake has been submitted for consideration for a Grammy award, according to a Sept. 5 New York Times report. The track “Heart on My Sleeve” has been submitted by the Ghostwriter team to the Recording Academy, the organization behind the Grammys, for […]