US OCC calls on community banks to become payment stablecoin issuers
The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January Source:Cointelegraph
South Korea lawmakers mull pushing crypto tax implementation to 2029
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US…
PHP flaw shows AI ‘vulnerability apocalypse’ is on schedule: Immunefi CEO
Mitchell Amador warned internet users that websites could remain compromised for weeks, particularly smaller websites slower to adopt the emergency upgrades.…
Bitcoin wallet bug let rogue servers steal funds when users tried to speed up payments
Attackers replaced legitimate transactions with fake ones, then waited for users to approve higher fees. At least one person lost bitcoin before developers…
Bitcoin Core changes security rules as AI makes finding code bugs dangerously easy
Developers merged a policy change that ends the monthslong embargo for flaws a chatbot could rediscover, after a summer in which AI found hundreds of bitcoin…
Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals
According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.…
PHP flaw draws millions of exploit attempts, Cloudflare CEO warns
Cloudflare’s Matthew Prince said the network saw thousands of exploit attempts even before the PHP vulnerability was publicly disclosed. Source:Cointelegraph
China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme, days after a U.K. court ruled Chinese law governs…
My father-in-law, 81, sold his $75,000 home and paid off his daughter’s $50,000 debt. What happens to him now?
“Nothing has been set aside for his needs.” Source:MarketWatch
American Bankers Association: OCC’s GENIUS rules ‘undermine’ US Congress
Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield.…
UK financial watchdog opens consultations for DeFi guidance, crypto laws
The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.…
Big Tech’s eMudhra fixes may leave crypto bots exposed, CertiK warns
CertiK says crypto trading bots and exchange applications may remain exposed to the eMudhra certificate flaw because browser fixes may not protect all…