South Korea drops Travel Rule threshold for crypto transfers

South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold.  The countrys Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Tuesday.  Under the changes, the Travel Rule will apply to all transfers between registered crypto service providers regardless of value. Receiving platforms will also be required to obtain sender and recipient information and may request missing information or reject transactions when required data is unavailable.  Removing the threshold is intended to prevent users from circumventing the rule by splitting transfers into smaller amounts, according to the Financial Intelligence Unit.  It cited one case in which a user bought Tether USDt (USDT) after depositing about 200 million won into a crypto exchange and then made 216 withdrawals, each worth less than 1 million won.  Related: South Korea plans stablecoin rules as opposition pushes crypto tax repeal  South Korea tightens rules for overseas exchanges, personal wallets  The amendments also introduce new Anti-Money Laundering (AML) requirements for transfers involving overseas crypto exchanges and personal wallets.  Registered local VASPs will be required to determine which transfers they allow based on the risk posed by

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Decta taps USDC for international treasury settlements via OpenPayd

Payments platform Decta has integrated USDC into its internal treasury operations to settle company funds internationally through OpenPayd, without adding stablecoins to its customer-facing payment services.  SummaryDecta will use USDC to settle its own funds internationally through OpenPayds infrastructure.OpenPayd will convert Dectas company funds into USDC through its OTC services for operational settlements.The integration is limited to Dectas treasury operations and will not introduce stablecoins into customer-facing payment flows.Decta previously explored issuing a euro-pegged stablecoin under MiCA with France-based Next Generation.  Decta said Tuesday that company funds will be transferred into OpenPayd‘s regulated infrastructure, where they can be converted into Circle’s USDC through the financial infrastructure providers over-the-counter services before being used for international operational settlements.  The arrangement is limited to Decta‘s own money rather than funds handled for merchants or other clients, keeping the stablecoin component behind the company’s existing payments business.  Lux Thiagarajah, chief commercial officer at OpenPayd, told crypto media that the integration represents a proprietary treasury use case and does not introduce USDC into Dectas customer payment flows.  Using this setup, Decta can move its own funds between international entities, convert fiat into USDC when required and use the stablecoin for settlement through OpenPayds infrastructure. The company said the arrangement will

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A $2 trillion asset class is getting a new blockchain rail

SummaryADI Chain and Shipfinex are partnering to tokenize commercial ships. No tokens have been issued yet.Shipfinex only holds a preliminary regulatory approval from Dubais VARA, not a full operating license.This isnt the categorys first – rivals Galactica and Ethra Ship already have live maritime tokenization deals  The worlds commercial ships (the vessels themselves, not the cargo they carry) are worth an estimated $2 trillion in total. Yet the market financing their purchase and construction remains closed and relationship-driven, dominated by a small circle of shipowners, banks and specialist lenders.  That structure shuts smaller operators and alternative investors out of a significant pool of capital.  Blockchain platform ADI Chain and Dubai-based maritime tokenization firm Shipfinex want to route that market, worth an estimated $680 billion in bank lending, leasing and export credit today, through blockchain technology to open it up to a wider pool of institutional capital.  “Maritime finance has the scale, real assets and commercial activity to become a major new real-world asset category,” Ramana Kumar, President of Stablecoin Ecosystem at ADI Foundation, said in the announcement shared with CoinDesk.  The deal signals that tokenization is expanding beyond financial instruments such as government bonds and money market funds into physical, capital-intensive infrastructure, like ships and

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FlightAware sues Kalshi over alleged unauthorized data use for flight cancellation markets

Quick TakeFlightAware sued Kalshi on Monday, accusing the prediction markets platform of improperly using its data and name to “run gambling markets.”FlightAware is also seeking a temporary restraining order to bar Kalshi from offering markets involving the flight-tracking site.  Flight tracking site FlightAware has sued Kalshi, accusing the prediction markets platform of improperly using its data and name to “run gambling markets on flight cancellations.”  In a Monday filing, FlightAware alleged that Kalshi operates prediction markets relying on its data while presenting the company as a close partner, which FlightAware said has jeopardized its reputation.  Last month, Kalshi launched markets allowing users to bet on flight cancellations, according to the filing. Specifically, Kalshi stated that the outcomes of those bets are “verified from FlightAware.”  “Kalshi never informed FlightAware that it would rely on FlightAwares data to determine the outcome of these betting markets,” FlightAware said in the complaint.  Safety concerns  FlightAware also raised safety concerns. While Kalshi notes that the contracts exclude payouts for events involving malicious and security-related disruptions, FlightAware said the markets “can strand travelers, disrupt airline operations, and threaten safety.”  “There was widespread outrage and concern that the markets would incentivize unsafe tactics to impact cancellations, threatening public safety and creating the potential for

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Zama brings its blockchain-privacy token to Revolut's 70 million users

Quick TakeZama listed its native token ZAMA on Revolut across the EEA on Monday, opening trading to the fintechs more than 70 million customers.The confidentiality protocol, which uses fully homomorphic encryption to keep balances and transactions private on public chains, called the move its bid to take onchain privacy mainstream.  Zama has listed its native token (ZAMA) for trading on Revolut across the European Economic Area on Monday, putting the blockchain-privacy project in front of the fintechs customer base.  The listing opens ZAMA to Revoluts more than 70 million customers, including the 15 million-plus who already trade crypto on the platform, the company said in a statement.  Existing Revolut users can buy and hold the token without opening a new account or completing additional identity checks, with trading fees starting at 0 in the main app. Revolut, which bills itself as the only banking app in the EEA offering onchain crypto transfers, will also let users withdraw ZAMA to a self-custody wallet.  Zama builds confidentiality tools using fully homomorphic encryption, a technique that lets balances, transactions and positions stay encrypted on public blockchains such as Ethereum without routing them through a separate privacy chain.  The company casts the approach as blockchains “HTTPS moment,” the point

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Riot Platforms signs $9.1B AI deal reportedly with Anthropic

Riot Platforms has signed a 20 year data center agreement worth an expected $9.1 billion for 191 megawatts of computing capacity at its Rockdale campus in Texas, marking another major step away from relying solely on Bitcoin mining.  SummaryRiot signed a 20 year lease for 191 MW, expected to generate $9.1 billion initially.Bloomberg identified Anthropic as Riots unnamed frontier AI tenant, citing people familiar with the matter.Riot expects full deployment by June 2028, after delivering 96 MW initially in December 2027.Extension options could raise total contract revenue to $16.1 billion if Anthropic exercises both periods.Riot secured $573 million from Morgan Stanley to fund initial construction while final financing progresses.  Riot described the customer in its Aug. 10 SEC filing only as a leading frontier AI lab.  Bloomberg subsequently identified the tenant as Anthropic, developer of the Claude artificial intelligence models, citing people familiar with the transaction. Neither company publicly confirmed Anthropic‘s identity when Bloomberg contacted them. Riot declined to comment, while Anthropic did not respond. The distinction means the contract itself is confirmed, but the customer’s identity currently rests on Bloombergs reporting.  You might also like:  Riot Platforms moves another 500 BTC to NYDIG custody  Riot Platforms turns Rockdale power toward AI  Riots official release says the

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Broadridge's Distributed Ledger Repo platform processes $8 trillion in July volume

Quick TakeBroadridge announced that its Distributed Ledger Repo platform has processed $8 trillion in volume in July, averaging $365 billion per day.Broadridge also offers services enabling onchain proxy voting and governance, and managing digital asset infrastructure across post-trade, wallets, and custody.  Broadridge Financial Solutions, a New York-listed fintech, announced that its Distributed Ledger Repo (DLR) platform processed over $8 trillion in July.  According to the firms Monday press release, the blockchain-based repo platform processed an average of $365 billion per day last month, representing a 28% increase year-over-year.  “Tokenization is increasingly becoming part of how institutions optimize liquidity and collateral management,” said Horacio Barakat, global head of digital innovation at Broadridge. “DLR continues to demonstrate that distributed ledger infrastructure can support the scale, reliability and interoperability required for core financing activity.”  DLR allows companies to settle repurchase agreement (repo) transactions on distributed ledger technology while operating within their existing trading and post-trade environments.  The use of the technology enhances efficiency and liquidity management by enabling real-time financing and movement of tokenized collateral across counterparties, according to Broadridge.  Outside of DLR, Broadridge also uses blockchain technology to offer firms onchain proxy voting and governance, and to manage digital asset infrastructure across post-trade, wallets, and custody.  In May, Galaxy

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Trump Media to revamp crypto treasury strategy after $238M Q2 loss

Trump Media said it plans to revamp its digital asset treasury strategy after unrealized losses on crypto and securities helped push the company to a $238 million net loss in the second quarter.  The company reported $190.4 millio n in unrealized losses across its digital assets, pledged digital assets and equity securities in its Q2 earnings release on Monday.  Trump Media said the new framework is intended to preserve its long-term digital asset exposure while managing volatility and improving the productivity of its balance sheet.  Trump Media is the publicly traded company behind Truth Social, Truth+ and financial services brand Truth.Fi. The company is tied to US President Donald Trump, who is the sole beneficiary of a trust that held about 41.1% of Trump Medias voting power as of Feb. 25, according to its latest annual report.  Related: Trump Media sells Wall Street low-latency access to Trump posts  Its Q2 filing shows the company is already using options to manage Bitcoin volatility and generate premium income, while deploying some BTC through lending and other yield-generating arrangements.  The company also said it plans to direct more resources toward Truth Social, Truth+ and other parts of its media business as part of a broader shift in how it

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Tron USDT supply hits $87.9B as transfers reach $2.1T in Q2: Messari

Tron, the layer-1 blockchain founded by Justin Sun, ended the second quarter with $87.9 billion in circulating USDT (USDT), surpassing Ethereum (ETH) while processing $2.1 trillion in USDT transfers during the period.  According to a Messari report, USDT accounted for 98.5% of Trons stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter.  The increase coincided with record network usage. Tron averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses increased 11.7% to 3.6 million. The network processed a record 14.6 million transactions on June 15, the report said.State of Tron Q2 2026 report. Source: Messari  Higher activity also helped reverse a two-quarter decline in network fees. Fees rose 15.9% to $699.4 million, their first quarterly increase since an August 2025 governance change cut the networks energy unit price.  Growth was uneven elsewhere. DeFi TVL slipped 1.9% to $4.4 billion, while average daily DEX volume fell 21.7% to $49.3 million, marking a fourth consecutive quarterly decline. TRX supply also remained inflationary despite higher activity, with circulating supply increasing by 87 million tokens during the quarter as issuance

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UK money laundering suspect bought $100M in Trump crypto business: NYT

An individual previously under investigation in the UK for money laundering following the collapse of a cryptocurrency business was reportedly behind buying $100 million worth of tokens from the Trump family company, World Liberty Financial.  According to a Sunday New York Times report, Guren Zhou, also known as Bobby, was behind the Aqua 1 entity that purchased $100 million of WLFI tokens from the Trump family crypto business in June 2025. The token purchase financially benefitted members of US President Donald Trumps family and that of World Liberty co-founder Zach Witkoff.  Zhous reported involvement in the World Liberty purchase followed speculation that the individual behind Aqua 1 was Dave Lee. The Aqua 1 foundation acknowledged in July 2025 that Lee joined the company as co-founder and CEO in April 2025, but did not say whether he was behind the funds going into the WLFI tokens.  The source of the investment from Aqua 1, which described itself as a “Web3-native fund” based in the United Arab Emirates, raised questions about potential conflicts of interest in the Trump administration, with foreign actors tied to his family‘s crypto company. White House spokesperson Anna Kelley has repeatedly said that there were “no conflicts of interest” with the

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