Swift launches blockchain ledger for tokenized deposit pilot with 17 banks
Swift launched a blockchain-based ledger that enables 17 banks to pilot 24/7 cross-border payments using tokenized deposits.
The Block•Brian Danga9 JulThe Block — page 44
1213 articlestheblock.co ↗
Coverage, page 44
page 44 of 61The Block•Brian Danga9 Jul
INTERPOL-led global fraud crackdown arrests over 5,800, uncovers crypto laundering network tied to $122.5 million wallet
The operation uncovered a crypto laundering network using cross-chain swaps to obscure funds, with one wallet processing $122.5M in 10 months.
The Block•James Hunt9 Jul
Russia’s Alfa Bank plans to launch digital depository to offer crypto services: report
The move aligns with similar announcements from other major Russian banks, amid the development of the country's crypto law.
The Block•Danny Park9 Jul
Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin
The trust bank subsidiary, Connectia Trust, is expected to issue and manage a dollar-backed stablecoin, pending final approval.
The Block•Timmy Shen9 Jul
Hyundai Card completes its first real-world stablecoin pilot with Avalanche, Tether
Visa and Circle will participate in Hyundai Card's second stablecoin PoC, which is set to begin later this month.
The Block•Danny Park9 Jul
AscendEX crypto exchange shuts down, no assurance on user payouts
AscendEx announced on July 6 that its platform ceased operations effective July 1, citing regulatory, financial, and operational challenges.
The Block•Danny Park9 Jul
Sen. Wyden urges Senate leaders to preserve contested blockchain developer protections in broader crypto bill
Democratic Sen. Ron Wyden is urging Senate leaders to ensure a provision protecting blockchain software developers remains in the crypto bill.
The Block•Sarah Wynn8 Jul
Binance Wallet adds Plume’s yield vault offering access to Invesco and Bitwise funds
Binance Wallet has added Plume's yield vault, giving users access to tokenized funds managed by Invesco and Bitwise.
The Block•Yogita Khatri8 Jul
‘Best course of action:’ DeFi dashboard Zapper to shut down after 7 years
Zapper, which started as a portfolio tracker, raised a $15 million Series A led by Framework Ventures in May 2021.
The Block•Daniel Kuhn8 Jul
Cash App owner Block to pay $45 million after states say it made false security promises
Block Inc. has agreed to pay $45 million to settle allegations brought by regulators in nearly every U.S. state.
The Block•Sarah Wynn8 Jul
Paradigm raises $1.2 billion fourth fund, expanding beyond crypto into AI and robotics
Crypto venture firm Paradigm has raised its fourth fund, a $1.2 billion vehicle that will invest in crypto, AI, robotics, and other startups.
The Block•Yogita Khatri8 Jul
European Commission looks to expand MiCA to cover emergence of tokenization, non-EU stablecoin issuers: report
The European Commission is reportedly seeking comment from stakeholders on expanding MiCA rules until Sept. 30.
The Block•Daniel Kuhn8 Jul
Cardano founding entity EMURGO steps down from Pentad governance role after wallet exploit
The exploit, which leveraged a flaw in the wallet's address generation system, drained roughly 16 million ADA worth about $2.4 million.
The Block•Kyle Baird8 Jul
Ripple becomes Kansas Jayhawks sports sponsor with XRP patch to appear on jerseys
Besides the sports partnership, Ripple has committed to fund financial and technology education programs for student-athletes.
The Block•RT Watson8 Jul
Strategy’s 3,588 BTC sale puts future bitcoin selling in focus: analysts
Strategy sold 3,588 BTC last week, with CF Benchmarks suggesting continued sales would become a concern if they stop being a choice.
The Block•James Hunt8 Jul
BNB Chain builds new Layer 1 for agentic trading, targets 2027 mainnet
BNB Chain is building a new Layer 1 for agentic trading with sub-50ms preconfirmation and no public mempool, targeting testnet by end-2026.
The Block•Naga Avan-Nomayo8 Jul
India central bank seeks to bar financial institutions from exposure to crypto assets: Reuters
India's central bank called for banks to be barred from crypto exposure as it reiterated support for tighter restrictions on digital assets.
The Block•Brian Danga8 Jul
Nigel Farage to quit UK Parliament, seek new mandate amid probes into crypto-linked gifts
Nigel Farage resigned as an MP amid two probes over gifts from Tether investor Christopher Harborne and convicted fraudster George Cottrell.
The Block•Brian Danga8 Jul
Tom Lee’s Bitmine adds $70 million worth of ETH to treasury: onchain analyst
Bitmine's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.
The Block•Danny Park8 Jul
Federal judge denies Kalshi’s bid to block New York gambling law enforcement
The judge said New York gambling laws, as applied to Kalshi's sports-event contracts, are not preempted by the federal Commodity Exchange Act.
The Block•Timmy Shen8 Jul