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 mechanisms for stablecoin oversight and crisis management “remain immature or are not yet developed.” In its 2025 review, the FSB found that 11 of 28 surveyed jurisdictions had finalized stablecoin regulatory frameworks. He also urged G20 members to support the FSB’s newly finalized practices for responsible AI adoption in the financial sector.
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 ecosystem, while Walrus, a decentralized storage platform in the Sui ecosystem, will become the default storage layer for applications operated by DATA Foundation, its partners said on Monday. Speaking to Cointelegraph, a DATA Foundation spokesperson said running a dedicated blockchain for a single use case meant carrying the costs of validators, network security and infrastructure.
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, and would introduce reporting requirements for crypto that isn’t held by a crypto-asset service provider, including assets stored in personal wallets. The amendment would add a provision to France’s general tax code. Under the proposal, holders would be required to disclose holdings based on their value as of Dec. 31, and could face fines up to 10,000 euros for failing to declare.
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 the flaw to attackers. The fix, released on Sept. 25, came three days after a bug bounty report, and took effect immediately on any server that installed it. It was the first deliberate bypass of the normal amendment process since the system was introduced more than ten years ago, they said. “With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security,” XRPL developers said in an X p…
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 user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken. “Either the device didn’t work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the…
Investors will have to wait an extra day to find out if and how much Strategy added to its Bitcoin treasury in the first week of October. Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company’s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X. However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday. Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000…
Company advised users not to visit or interact with the link in question and said it will share any further verified updates. Bitcoin-only hardware wallet Coldcard said a phishing link appeared Sunday on its official X account, for which it has used offline two-factor authentication and tightly restricted access since 2017. The company said it was investigating how the post, which has since been deleted, was published from its account. It advised users not to visit or interact with the link in question, adding that Coldcard’s only official website is https://coldcard.com.
Ledger said the incident appeared to be isolated to a single reseller and its Southeast Asian market. Hardware wallet maker Ledger, which has been investigating reports of crypto losses involving its devices purchased from a Southeast Asian reseller, confirmed that one of the impacted users’ devices contained an unauthorized hardware implant. Ledger said in a Sunday post on X that it was reaching out to users as part of its ongoing investigation into the losses, which investigator Specter estimated may exceed $86 million across Bitcoin, Ethereum and Tron. Ledger asked that if individuals have information regarding the investigation, could they please reach out to its bounty program at bounty@ledger.fr.
The two measures attempt to set the stage for a potential US Supreme Court battle over federal and state jurisdiction. The Commodity Futures Trading Commission (CFTC) has issued two proposals, one that would define event contracts as “swaps” under federal law and another that excludes traditional casino gambling from that definition. Several states have sued prediction-market operators, including Kalshi and Polymarket, alleging illegal gambling, and the CFTC has countersued to defend its federal jurisdiction over event contracts, which it claims are beyond the purview of state regulators. The first proposal clarifies the definition of “swap” to include event contracts, including those tied to sports, politics, cultural events and weather.
“We’re ready to bring quantum resistance to mainnet at any time,” Sun said in a post on X. Justin Sun, founder of the Tron network, said that the company’s post-quantum cryptography was now live on testnet. “We’re closely tracking progress in quantum computing and AI, and we’re ready to bring quantum resistance to mainnet at any time, Sun said in a post on X on Saturday. He added, “We’re committed to keeping user assets secure, and TRON is set to be one of the few major blockchains that is quantum-resistant before Q-Day,” or the day when quantum computing becomes capable of breaking current security standards. Coindesk reported on July 28 that Blockchain security company AmericanFortress had unveiled a cryptographic plan to protect crypto wallets from future quantum attacks without requiri…
There are global concerns following incidents at OpenAI and Anthropic, and fears have arisen that rogue AI agents may venture beyond human control. European Union rules on AI use are more than capable of dealing with rogue agents, EU tech chief Henna Virkkunen said. There are global concerns following incidents at OpenAI and Anthropic, and fears have arisen that rogue AI agents may venture beyond human control. “We see that the safety and security of very capable models is a very hot topic internationally and we in Europe are well equipped for that,” Virkkunen said in an interview with Reuters on Friday.
The round follows increased international demand for Meanwhile’s Bitcoin life insurance policies amid broader macro instability. Meanwhile, a life insurer licensed to operate completely in Bitcoin, announced $37.5 million in new funding from existing investors. Bermuda-based Meanwhile, whose backers include OpenAI CEO Sam Altman, has now raised more than $180 million. Bain Capital Crypto led the new round, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, it said in a statement.
The Treasury Department has announced several digital asset seizures related to sanctions on Iran as part of US sanctions. US Treasury Secretary Scott Bessent said that the country was “probably gonna seize a billion dollars of crypto this week” as part of its crackdowns on Iran. Speaking at the Newsmax Policy Summit on Thursday, Bessent said the planned cryptocurrency seizure was part of the US sanctions on Iran amid the country’s most recent military conflict, which started in February. He did not clarify whether the digital assets targeted specific exchanges or resulted from intervention by stablecoin issuers. “We know where it is, and we are isolating them,” said Bessent to Newsmax’s Greta Van Susteren. He added the move was part of a strategy of economically cutting off Iran.
The agreement resolves a 2023 civil fraud lawsuit against the Celsius founder and permanently bars him from the cryptocurrency, securities and commodities industries. Former Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in conditional payments. The New York agreement, announced Friday, settles a 2023 civil lawsuit accusing Mashinsky of misleading hundreds of thousands of investors about the safety of Celsius before its collapse in 2022. Under the settlement, Mashinsky must pay New York $25 million if he fails to forfeit an additional $10 million in ill-gotten gains to the federal government beyond assets already forfeited, a…
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation. THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT in the network’s funds across four wallets. He reported about two hours later than trading would resume after the company unfroze all the addresses. “We don’t know why this choice was made and have had no comms with USDT before this action and are actively reaching out to have a conversation,” said Barraford before the addresses were unfrozen. “We hope tha…
The technical trial showed how AI agents could discover services and make micropayments using HSBC’s tokenized deposits, with real-time settlement and risk checks. British banking giant HSBC and Ant Digital Technologies have tested a system that lets AI agents access digital services and make micropayments using tokenized bank deposits, with transactions settled in real time on a blockchain testnet. According to Friday’s announcement, the test combined HSBC’s Tokenised Deposit Service with Ant Digital’s Anvita Flow network, which enables AI agents to find and use services, and Jovay Testnet, a layer-2 blockchain testing environment. HSBC provided settlement capabilities and real-time risk checks, while Ant Digital’s network coordinated service access and payments. The demonstration showed…
Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts. Hardware wallet maker Ledger is investigating reports of cryptocurrency losses involving devices purchased from a Southeast Asian reseller, warning affected customers to consider moving their assets to new wallets while the investigation continues. In a statement posted on X, Ledger said it had asked reseller CryptoBilis to suspend sales and shipments of its devices as a precaution. Customers who purchased devices from the reseller within the past 90 days were advised not to set them up, while those who had already done so were advised to consider transferring their assets to a new Ledger signer with a newly generated r…
The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases. Blockchain.com has reportedly applied to the US Commodity Futures Trading Commission (CFTC) for approval of prediction market offerings and crypto derivatives. CNBC reported Friday that the exchange filed for two licenses with the CFTC for event contracts and crypto derivatives offerings for US-based retail and institutional investors. The licenses, as a designated contract market (DCM) and futures commission merchant (FCM), would allow Blockchain.com to operate as a futures exchange for event contracts and a broker for derivatives contracts, respectively. Blockchain.com announced in July that it planned to partner with Polymarket as part of a predict…
Wealthy investors are embracing crypto faster than their advisers, while OKX attracts new funding and Strategy shifts more capital toward preferred stock buybacks. Affluent investors appear increasingly comfortable with crypto, even if their financial advisers aren’t keeping pace. A new CoinShares survey found that a majority of wealthy investors across seven major economies already own digital assets, with many planning to increase their exposure this year. The findings come as capital continues to move into crypto in other ways, even against a tougher market backdrop. Bitcoin is trying to build on its best quarter since 2017 while Treasury yields remain above 5%, and OKX has raised additional funding at a $25 billion valuation. Meanwhile, Strategy is putting more capital into its preferr…
Bitcoin and crypto markets eyed a recovery from Thursday’s drop despite concerns of another hardware wallet exploit. Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested reports of an exploit affecting Ledger hardware wallets. Key points:
