Cointelegraph.com
Source:
https://cointelegraph.com
Found 11869 news
-
Cointelegraph.com - 23:34 Aug 13, 2026
Advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake. The Ethereum Foundation is moving away from the Poseidon hash function in its planned post-quantum architecture, according to researcher Justin Drake. On Thursday, Drake said the foundation was abandoning Poseidon and turning to established alternatives such as SHA or BLAKE. A hash function converts data into a fixed digital fingerprint, enabling computers to check that information has not been altered. Poseidon had been considered for future post-quantum systems such as leanVM, which would help Ethereum efficiently verify large volumes of blockchain activity. Those systems have not yet been deployed on mainnet. Read more -
Cointelegraph.com - 21:08 Aug 13, 2026
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi. The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In a Thursday notice, the Baltimore mayor’s office said that the two prediction market companies operated “illegal, unlicensed sports-betting platforms” and misled users about the ”legality and regulatory status of their products.” The lawsuits are centered on claims disputing Kalshi’s and Polymarket’s characterization of event contracts, arguing that the trades amount to unlawful wagers under state laws. “These companies are running sportsbooks without licenses and betting that a new label will put them above the law,” said Scott. “It won’t. Baltimore will not let multibillion-dollar companies put profits over people and harm our communities through illegal gambling.” Read more -
Cointelegraph.com - 20:43 Aug 13, 2026
KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion. Tether completed the first full independent audit of its annual financial statements, with KPMG US issuing a clean opinion on the stablecoin issuer’s 2025 accounts. The audit covered Tether’s balance sheet, income statement and cash flows for the year ended Dec. 31, 2025, including the assets backing its issued tokens and the liabilities they represent. Tether said the audited statements showed reserves exceeding liabilities by $6.814 billion. Unlike Tether’s quarterly reserve attestations, which it has published for years, the full audit subjected the company’s broader financial statements and underlying evidence to independent examination, including transactions, systems, ownership records, valuations and counterparties. Read more -
Cointelegraph.com - 19:21 Aug 13, 2026
More than a year after being indicted on fraud charges related to his activities at crypto company Delio, Jeong Sang-ho faces prison time in South Korea. A judge in South Korea reportedly sentenced Delio CEO Jeong Sang-ho to 15 years in prison after he was found guilty of defrauding users out of about $50 million in crypto. According to a Thursday report from South Korean news outlet Newsis, the 11th Criminal Division of the Seoul Southern District Court sentenced Jeong after his conviction on charges related to embezzlement and the use of a false trading license, but the CEO received no detention for defrauding users of $175 million. “While operating Delio, [Jeong] falsely obtained a virtual asset trading license and defrauded victims of approximately 70 billion won [$49.3 million] in virtual assets,” said the court, adding: Read more -
Cointelegraph.com - 18:18 Aug 13, 2026
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets. The US Commodity Futures Trading Commission (CFTC) announced a committee meeting to advise the agency on policy issues, including a potential exploration of how to address cryptocurrency regulation in the absence of congressional action. In a notice issued Thursday, the CFTC said it would hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, AI and prediction markets. Among the potential topics to be discussed on crypto were “areas where regulatory action can complement future congressional legislation,” likely referring to the US Senate failing to advance the Digital Asset Market Clarity (CLARITY) Act before breaking for an August recess last week. The CFTC announcement followed a similar notice of a meeting to be held by the US Securities and Exchange Commission (SEC) on Friday. ... -
Cointelegraph.com - 17:36 Aug 13, 2026
The Blockchain Association argues the Fed should not have broad discretion to deny eligible state-chartered banks direct access to its payment system. The Blockchain Association urged the US Supreme Court to hear Custodia Bank’s challenge to the Federal Reserve’s denial of its application for a master account, which would give the crypto-focused bank direct access to the Fed’s payment system. In an amicus brief filed Wednesday, the industry group argued that federal law requires the central bank to make its payment services available to eligible nonmember banks and that the Fed should not have broad discretion to deny access. The association said the appeals court’s decision effectively gives the Fed veto power over state-chartered banks by allowing it to withhold services needed to operate independently. It also linked Custodia’s case to alleged crypto debanking under “Operation Choke Point 2.0,” arguing that federal regulators discouraged banks from serving the digital asset industry. Read more -
Cointelegraph.com - 17:28 Aug 13, 2026
Standard Chartered said Robinhood’s Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns. Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets, according to Standard Chartered. In a recent note, Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain has grown to nearly $1 billion in total value locked (TVL), which he described as the fastest growth of any blockchain by that measure. Virtually all of Robinhood Chain’s liquidity needs are being met through Uniswap V2, V3 and V4, Kendrick said. The arrangement gives Robinhood access to established decentralized finance infrastructure as it scales its blockchain, potentially strengthening its ability to attract users without having to build liquidity from scratch. Read more -
Cointelegraph.com - 16:00 Aug 13, 2026
AI and HPC are reshaping mining economics as operators repurpose power and data centers, while a smaller group of miners continues to expand Bitcoin capacity. Publicly traded Bitcoin miners are cutting mining capacity faster than the Bitcoin network overall, suggesting that more operators are redirecting electricity and infrastructure toward data centers and high-performance computing (HPC), in another sign of the sector’s evolution beyond creating more crypto. In the latest Miner Weekly newsletter, BlocksBridge Consulting reported that realized hashrate among a cohort of public Bitcoin miners fell from 368.3 exahashes per second (EH/s) in the fourth quarter of 2025 to 319 EH/s in the second quarter of 2026, a 13.4% decline. The contraction was even sharper when excluding Bitdeer, which continued to expand its mining operations. Without Bitdeer, the cohort’s realized hashrate fell 21.2% over the six-month period, from 324.6 EH/s to 255.9 EH/s. Bitdeer’s realized hashrate, meanwhile, increased 44% to 63 EH/s. ... -
Cointelegraph.com - 15:36 Aug 13, 2026
The crypto exchange operator’s shares gained around 10% as adjusted EBITDA more than tripled and subscription and services revenue hit a record high. Bullish shares jumped around 13% in early trading Thursday after the institutional-focused crypto exchange and CoinDesk owner reported a 62% year-over-year increase in second-quarter adjusted revenue and more than tripled its adjusted EBITDA. Bullish reported $92.6 million in adjusted revenue for the quarter, up from $57 million a year earlier, while adjusted EBITDA rose to $29.5 million from $8.1 million. Adjusted net income reached $14.3 million, reversing a $6 million loss in the year-ago quarter. Subscription, services and other revenue hit a record $62.7 million, helping offset weaker exchange activity. The company recorded $179.6 billion in quarterly trading volume, down from $197.4 billion a year earlier, while average daily volume fell to $2 billion from $2.2 billion. Read more -
Cointelegraph.com - 15:25 Aug 13, 2026
The wallet provider warned that thousands of users could potentially be at risk of phishing attempts, while advising that all devices, private keys and backups were safe. Cryptocurrency wallet company Trezor reported a breach of personal data affecting about 14,000 users through its shipping provider, ShipMonk. Trezor’s Wednesday blog post said users who received its products from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal between May 10 and Aug. 8 were at risk from potential phishing attacks using their personal information. The company reported that 11,742 customers could have had their name, physical address, phone number, and email address compromised, while 1,947 users potentially had their name, city, and email address breached. “To be clear, our systems were not compromised, and your Trezor device is secure, but the affected customers might be targeted by more sophisticated phishing attempts,” said the company. “Scammers can use the leaked information to send fake emails, make fake phon... -
Cointelegraph.com - 15:07 Aug 13, 2026
Bitcoin joined US stocks in modest gains after July PPI inflation data continued a cooling trend seen over the past month. Bitcoin (BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July. Key points: BTC/USD was up around 0.5% on the day near $63,900 with volatility broadly absent, data from TradingView showed. Read more -
Cointelegraph.com - 13:14 Aug 13, 2026
Bitmine’s Ether staking revenue is an important financial buffer that fills financial gaps and provides recurring revenue streams beyond Ether’s price appreciation, analysts told Cointelegraph. Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday. Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May 31, or $45.7 million of the company’s $46.5 million, analysts from Bitfinex exchange told Cointelegraph, adding: Ether treasury companies are facing growing unrealized losses as their margins are pressured by the decline in Ether’s spot price, which fell roughly 23% during the second quarter of 2026. Read more -
Cointelegraph.com - 13:00 Aug 13, 2026
MUFG’s experiment plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational efficiency. Four MUFG companies plan to bring Japanese government bond repo transactions onchain using the Canton Network, as part of a new proof of concept (PoC). The four companies, including MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank, will collaborate with Digital Asset Holdings and Progmat for the PoC, according to a Thursday announcement. The companies said they seek to improve operational efficiency through automation of the transaction lifecycle, enable real-time intraday settlement 24/7, as well as enhance funding and capital efficiency. Read more -
Cointelegraph.com - 11:48 Aug 13, 2026
The SEC said it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in the asset manager’s own tokenized money market fund. Franklin Templeton received the regulatory nod to invest in its own blockchain-based money-market fund under specific guardrails, without having to adhere to physical custody regulations. The Securities and Exchange Commission (SEC) issued a no-action letter on Wednesday stating it won’t take enforcement action if Franklin Templeton fund managers invest cash in the Franklin OnChain U.S. Government Money Fund, an interest-bearing tokenized fund that invests in US government securities and aims to maintain a stable $1 share price. The SEC will also allow the affiliated transfer agent, Franklin Templeton Investor Services (FTIS), to act as custodian for the tokenized funds and hold their private keys without adhering to existing physical-custody rules. It comes in response to Franklin Templeton’s formal no-action request letter sent earlier on Wednesday. R... -
Cointelegraph.com - 10:50 Aug 13, 2026
Flying Tulip founder Andre Cronje contends that DeFi protocols have evolved into a new financial paradigm of “onchain finance,” but have sacrificed some of their inherent immutability and decentralization. Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network. “I don’t think DeFi exists anymore outside of those very small niches,” Cronje told Cointelegraph during Thursday’s Chain Reaction X Spaces show. He argued that “true DeFi” needs to be decentralized, immutable and without an intermediary, adding: “That statement isn’t really true for pretty much any other protocols running today.” Read more -
Cointelegraph.com - 09:53 Aug 13, 2026
Binance bStocks became the second-largest tokenized stock issuer less than two months after launch, narrowly ahead of Kraken’s xStocks. Binance bStocks have overtaken xStocks to become the second-largest tokenized stock issuer by value less than two months after launch. BStocks reached about $624 million on Aug. 3, surpassing xStocks at roughly $579 million but trailing Ondo Finance at about $927 million, according to Token Terminal data. As of Tuesday, bStocks remained in second place at $610.6 million, narrowly ahead of xStocks at $601.2 million. The issuer landscape has shifted sharply as the tokenized stock market has grown. A year earlier, xStocks led with $40.7 million, followed by Robinhood at $37.2 million, while Ondo held about $65,000. The total value tracked by Token Terminal has since surged from roughly $80 million to about $2.7 billion. Read more -
Cointelegraph.com - 09:37 Aug 13, 2026
Bitcoin’s weakness near range highs stems from short-term holders trying to break even on underwater BTC investments, Glassnode says. Bitcoin (BTC) recent buyers are the latest hurdle to a breakout from a stubborn trading range in place since June. Key points: In the latest edition of its weekly newsletter, crypto analytics platform Glassnode highlighted the ongoing significance of Bitcoin’s speculative investor base. Read more -
Cointelegraph.com - 08:29 Aug 13, 2026
Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates. Securitize shares sank in premarket trading on Thursday after the tokenization platform missed Wall Street revenue estimates. Securitize reported $14.4 million in total revenue in its second-quarter earnings, down 5% compared to the same period last year, according to its quarterly results published on Wednesday. The revenue came in below the Wall Street consensus estimate of $20.6 million, according to analyst estimates compiled by Yahoo Finance. Securitize shares traded at $6.62 in premarket trading as of 8:10 am UTC, down about 16% from Wednesday’s $7.86 close. Read more -
Cointelegraph.com - 07:42 Aug 13, 2026
An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter. BitGo, a publicly listed digital asset infrastructure company, posted a $19 million net loss in the second quarter of 2026 despite revenue surging nearly 80% year-on-year to $4.3 billion. BitGo (BTGO) on Wednesday reported that its net loss narrowed from $60.7 million in Q1, while revenue rose 14.7% quarter over quarter. The year-on-year swing to a loss largely reflected an $18.8 million unrealized loss on digital assets, compared with a $55.8 million unrealized gain a year earlier. BitGo CEO Mike Belshe said during the earnings call that Q2 financial performance fell short of expectations. Read more -
Cointelegraph.com - 07:14 Aug 13, 2026
Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence. Digital asset infrastructure provider Copper has established a regulated presence in the US after its local entity became a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA). Copper announced Wednesday that Copper Markets (US) Inc. had been accepted as a FINRA member, allowing the firm to expand its institutional custody and trading infrastructure into the US market. FINRA BrokerCheck records show Copper Markets with an approved SEC registration status dated Aug. 7. The records also identify FINRA as the company’s self-regulatory organization. Read more
11869 items