Malaysia central bank launches DLT platform for tokenized bonds

The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money. Source link

Bitwise, Hyperliquid Challenge SEC Crypto Rule Framework

Bitwise Asset Management and the Hyperliquid Policy Center are pressing the US Securities and Exchange Commission (SEC) to revise its proposed crypto rules, seeking clearer guidance on token classifications, airdrops and secondary-market trading in comment letters submitted Monday. The requests come as the SEC closes public comments Tuesday on its proposed Regulation Crypto Assets, which would create…

Qubic Restarts Blockchain After $1.4M Wallet Hack

Layer-1 blockchain Qubic has restarted its network and launched a recovery process after a wallet seed vulnerability allowed an attacker to drain roughly $1.4 million in QU tokens from 1,404 accounts, according to the project’s latest update. Qubic’s blockchain explorer shows the network resumed processing ticks 8:00 pm on Oct. 19, advancing beyond tick 85,371,949,…

U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance

The potential effects of artificial intelligence in the derivatives markets will be in focus at the U.S. Commodity Futures Trading Commission’s first in a new series of meetings hosted by its Innovation Task Force on October 28. Using President Donald Trump’s favored “super intelligence” descriptor, the agenda released on Tuesday marks the opening outing of…

Utah Officials to Seek Up to $60M from Kalshi in Lawsuit

Update (Oct. 20, 9:53 pm UTC): This article has been updated to include a statement from Kalshi. Utah Attorney General Derek Brown announced a lawsuit against Kalshi, its affiliates and two Susquehanna trading companies, alleging that the prediction markets platform had been facilitating illegal betting in the US state since 2024. In a Tuesday press…

UK Banks Face Complaints Over Restricted Crypto Transfers

Some of the biggest banks in the United Kingdom are facing fresh scrutiny over cryptocurrency transfer restrictions after thousands of customers reported difficulties moving money to crypto platforms. Crypto advocacy group Stand With Crypto said 9,803 people submitted 10,092 complaints to UK banks over restrictions on transfers to crypto platforms during a 90-day period between…

The Coinbase allegations expose Bitcoin’s corporate governance gap

The durable fix uses properties bitcoin already has. Multiple signatures are native to the protocol, which means keys can be generated and held by independent regulated institutions, with no single institution able to move or lose the asset, the company holding legal title, named users with defined roles, approval policies on every withdrawal, and an…

Kazakhstan Court Orders Curbs on Coinbase, BingX and Four Others

Kazakhstan’s Astana International Financial Centre court (AIFC) has prohibited six platforms from offering digital-asset services without licenses in its jurisdiction and extended access restrictions to app stores. The Astana Financial Services Authority (AFSA) said Tuesday the court issued injunctions after the regulator sued operators of crypto platforms for offering digital-asset services without authorization. The Sept….

Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown

In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base. Source link

U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures

Perps allow traders to speculate on the future price of an asset with a typically leveraged position, and the contracts don’t come with a built-in expiration. But CME, which operates the leading global venues for derivatives trading, has insisted the contracts are not futures, because they have no end date. They’re really swaps, the company’s…