By Jesse Hamilton from CoinDesk The U.S. Securities and Exchange Commission is pursuing two efforts that could be significant for the crypto sector, making separate announcements Tuesday that it’s decided the agenda and participants for its upcoming roundtable on 24-hour trading and proposed a rule redefining transfer agents to include the rise of blockchain technology.
By Olivia Stephanie from crypto.news Bank of America, Citi, Goldman Sachs and 18 other financial institutions committed on Sept. 1 to establish a stablecoin company during the second half of 2026, subject to closing conditions. The unnamed venture plans to issue a U.S. dollar-denominated stablecoin during the first half of 2027. The group said it
By Krisztian Sandor from CoinDesk Bitmine Immersion Technologies ramped up its ether purchases for a second straight week, buying 53,501 ether as Chairman Tom Lee pointed to the cryptocurrency’s strong third-quarter performance could pull in institutional investors. The purchase, worth about $131.3 million at Monday’s ether price of $2,455, followed the previous week’s 32,447 ETH
By Olivia Stephanie from crypto.news Russia’s regulated crypto trading market could process between 3.5 trillion and 4 trillion rubles during its first year, according to an Aug. 29 forecast from SberCIB Investment Research. The upper estimate equals approximately $46.43 billion at the exchange rate used by TASS. Sberbank Deputy Chairman Anatoly Popov said the annual
By Olivia Stephanie from crypto.news Cumulative stablecoin card spending has surpassed $10.9 billion, according to Paymentscan data cited by payment provider RedotPay on Aug. 25. Paymentscan recorded more than $1 billion in card spending during July 2026, making it the largest month in its tracked dataset. Three years earlier, the industry processed approximately $60,000 per
By Lawrence Mondal from crypto.news A regional UK police force has seized 20.21 Bitcoin and other assets valued at more than $1.4 million after tracing the funds to darknet marketplaces active between 2016 and 2019. UK police recover 20.21 Bitcoin and other assets Avon and Somerset Police said on Aug. 27 that its Financial Investigation
By Andrew Folkler from crypto.news The Wall Street Journal reports that JPMorgan Chase is exploring a public stablecoin separate from its existing JPM Coin deposit token while 39 state banking associations form the BankChain Alliance and target a 2027 blockchain launch. The GENIUS Act gave banks the legal rails they needed. The question is no
By Lawrence Mondal from crypto.news Cardone Capital has added about 1,200 BTC and 2,000 multifamily units to its real estate-backed Bitcoin strategy, increasing both assets held across its private investment vehicles. Grant Cardone said in an X post on Aug. 28 that his $5.3 billion real estate investment firm was “doubling down” on its multifamily
By Rony Roy from crypto.news Tokenized deposits have raised concerns that faster movement of bank money could reduce U.S. banks’ capacity to fund long term loans by hundreds of billions of dollars if the technology reaches widespread adoption. According to an Aug. 25 research paper by Federal Reserve Bank of Dallas economists Rosie Levy and
By Olivia Stephanie from crypto.news Bitcoin Core contributor Jon Atack reported on Aug. 23 that a restaurant in El Zonte, El Salvador, received its first Bitcoin payment of the month when he paid for lunch. Atack, who has lived in El Salvador since 2022, said restaurant staff told him Bitcoin payments were once common but
