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Banks Eye G7 Stablecoins: Wall Street Explores USD, Euro, Yen on Public Blockchains
A consortium of major banks—including Bank of America, Goldman Sachs, Deutsche Bank, Citi, and led by BNP Paribas—announced a project to explore issuing 1:1 reserve-backed stablecoins on public blockchains, pegged to G7 currencies such as the U.S. dollar, euro, and Japanese yen.
Keyword Financial
Oct 10, 20254 min read
10,000 Bitcoin: The Philippines' Bold Move for Financial Security
The Philippines has joined a small but growing club of countries considering Bitcoin as part of their national reserves. House Bill No. 421, also called the Strategic Bitcoin Reserve Act, was filed in June by Representative Miguel Luis Villafuerte and surfaced in the press this week. If it becomes law, the central bank—Bangko Sentral ng Pilipinas (BSP)—would be required to purchase 2,000 bitcoin (BTC) every year for five years, amassing a 10,000-BTC reserve currently worth ab
Keyword Financial
Aug 22, 20254 min read
ZA Bank Pioneers Fiat Support for Stablecoin Issuers Amid Hong Kong's Crypto Renaissance
Hong Kong’s ZA Bank now provides reserve bank services for stablecoin issuers, merging traditional banking with digital currency innovation.
Keyword Financial
Jul 19, 20245 min read
Makina Protocol Hack: Why Early 2026 is Seeing a Surge in DeFi Exploits
Makina, a DeFi protocol, reported a $4.2 million exploit on 20 January 2026 tied to liquidity providers in its DUSD/USDC Curve pool, adding to rising DeFi attacks in early 2026 with over $34 million in losses already recorded.
China Takes Custody of Alleged Pig Butchering Mastermind Behind Record BTC Seizure
Chinese authorities have taken custody of Chen Zhi, a businessman described by U.S. officials as a central figure in a major Bitcoin scam and money laundering operation linked to a record $15B bitcoin seizure. Chen, 38, is the chairman and founder of Cambodia-based Prince Group, a conglomerate that U.S. and U.K. authorities allege was used as cover for transnational criminal activity; Prince Group has denied the allegations.
CLARITY Act Update: DeFi Carve-Out, Digital Commodities, and the Next Phase of Crypto Market Structure
Washington is preparing a January markup for the Digital Asset Market Clarity Act (CLARITY Act) of 2025, a major U.S. crypto regulation proposal designed to reduce the long-running SEC vs CFTC jurisdiction fight and create clearer rules for digital assets trading.
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