Payward received full market approval from Dubai’s VARA to expand its digital asset services in the UAE, building on the preliminary approval received in May. Payward, the parent company of cryptocurrency exchange Kraken, has received approval from the Virtual Assets Regulatory Authority (VARA) for its local entity, Payward FZCO, to provide crypto services. At launch,...Continue Reading

Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral. South Korea’s Jeonbuk Bank, a subsidiary of JB Financial Group, reportedly started issuing Bitcoin-backed loans to its corporate customers. Local outlet EDaily reported Monday that Jeonbuk Bank became the country’s first commercial bank to accept...Continue Reading

The Financial Stability Board flagged cross-border stablecoin risks and AI-related cybersecurity threats while urging G20 policymakers to support stronger safeguards. The Financial Stability Board (FSB), a global financial watchdog, has outlined financial stability risks associated with artificial intelligence and regulatory concerns surrounding stablecoins. In a letter published Monday, FSB Chair Andrew Bailey warned that cross-border...Continue Reading

The migration is backed by a $30 million investment from Sui Foundation. DATA Network, formerly known as Story, is planning to retire its independent blockchain and move its AI training data protocol to Sui, backed by a $30 million investment from Sui Foundation. The project’s Trace registry, which launched in June, will join the Sui...Continue Reading

Holders could face fines of up to 10,000 euros for failing to declare qualifying assets. French lawmakers have backed a proposal that would require holders of self-custodied crypto assets to report holdings equal or above 100,000 euros ($112,000) or face penalties.  The amendment, numbered I-CF821, was adopted by the National Assembly’s Finance Committee on Friday,...Continue Reading

The XRP Ledger Foundation pushed back against claims that its emergency security patch was forced on network operators. XRP Ledger developers have defended the emergency security patch used to fix a bug capable of creating XRP beyond the network’s fixed supply, saying they could not wait for the network’s usual two-week validator vote without exposing...Continue Reading

An user reports buying a tampered Ledger from a big retailer in Europe. Security researchers use AI to uncover a “$94 billion” XRP bug — but receive just a $250K bounty. A tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe. X...Continue Reading