By Rony Roy from crypto.news Mt. Gox has pushed back its creditor repayment deadline by another year to Oct. 31, 2027, after receiving court approval to give creditors more time to complete the procedures required to receive their funds. According to an Oct. 16 notice from rehabilitation trustee Nobuaki Kobayashi, the deadline was moved from
By Lawrence Mondal from crypto.news U.S. crypto ETFs tracked across five Farside Investors tables have recorded $610.7 million in net outflows during Oct. 12–16, with Ethereum funds losing more money than Bitcoin products. Farside Investors’ daily figures put Ethereum ETF withdrawals at $320.1 million, followed by $228.4 million from Bitcoin funds, while Solana, Zcash and
By Lawrence Mondal from crypto.news Stablecoin remittances have shown a cost gap of roughly 84% against traditional transfers in a comparison attributed to Borderless.xyz, with a $200 payment costing $2 through stablecoin-funded routes versus $12.72 using an older World Bank benchmark. According to a new third-quarter report from Borderless.xyz, the median remittance cost was 1%
By Rony Roy from crypto.news Sweden’s central bank has urged lawmakers to prepare legislation for a digital krona as the European Central Bank moves closer to testing its own digital currency and foreign stablecoins raise concerns about the Swedish currency’s future use. The Riksbank, in an Oct. 7 letter to parliament’s Finance Committee published on
By Olivia Stephanie from crypto.news South Korea has proposed stricter cybersecurity rules for banks, cryptocurrency businesses and other financial companies after confirming security incidents at 16 institutions, approximately 100,000 exposed customer records and weaknesses at 130 of 555 firms reviewed as of October 14. The Financial Services Commission (FSC) announced the proposals following its second
By Rony Roy from crypto.news Standard Chartered has launched a cryptocurrency trading service for wealthy clients in the United Arab Emirates, allowing eligible investors to buy and sell Bitcoin and Ether directly through their existing bank accounts. According to the bank’s announcement, the service has received approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and
By Olivia Stephanie from crypto.news Binance has announced that it will permanently shut down Binance Pool and its related cryptocurrency mining services on November 10, 2026, at 07:00 UTC, ending support for mining connections, reward generation and several associated products. Binance confirmed the decision in an October 13 announcement, saying the closure follows its ongoing
By Rony Roy from crypto.news South Korea’s Jeonbuk Bank has introduced the country’s first bank issued won loans backed by Bitcoin, allowing corporate customers to use their cryptocurrency holdings as collateral for business financing. According to an October 12 report by local news outlet Edaily, the lender, a subsidiary of JB Financial Group, has started
By Lawrence Mondal from crypto.news China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production. Xinhua News Agency published the opinion issued by the Communist Party of China Central Committee and the
By Lawrence Mondal from crypto.news Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments. New York Attorney General Letitia James announced the agreement on Oct. 9, resolving her office’s 2023 civil lawsuit over
