Ripple RLUSD and Solana deals enhance Dubai crypto hub status
Dubai strengthens its crypto hub status through partnerships with Solana and Ripple. Solana collaborates with VARA for blockchain education, while Ripple’s RLUSD stablecoin gains DFSA approval for use in DIFC.
Ripple’s Stablecoin Gets Dubai’s Nod: What This Means for Crypto – Coinspeaker
Dubai’s DFSA approves Ripple’s RLUSD stablecoin for use in DIFC, boosting Ripple’s payment solutions and supporting Dubai’s digital asset hub ambitions.
Coinbase delayed revealing data breach that may cost up to $400M, drops third-party vendor
Coinbase delayed disclosing a data breach affecting 69,000 customers, potentially costing $400M. The breach involved a third-party vendor, TaskUs, whose employees leaked sensitive data. Legal and regulatory scrutiny mounts over the four-month disclosure gap.
USDC Issuer Circle Now Targets $7.2 Billion Valuation In Major US IPO | Bitcoinist.com
Circle, issuer of USDC stablecoin, increases IPO price range to $27-$28 per share, aiming for a $7.2B valuation. The move reflects strong market demand and favorable regulatory trends.
US Crypto Lobby Pushes for Swift Passage of Stablecoin Bill
Crypto lobbyists urge US lawmakers to pass the GENIUS Act, a stablecoin oversight bill, amid concerns over delays from unrelated amendments. The stablecoin market could reach $2 trillion by 2030.
Revolut eyes crypto derivatives push, job listing suggests
Revolut is planning to enter the crypto derivatives market, as indicated by a job listing for a General Manager role. The move could face regulatory challenges in the UK but may find opportunities in the EU or Dubai.
Insurers Eye Kidnap and Ransom Policies for Wealthy Crypto Holders – Crypto News Bitcoin News
Insurance firms are developing kidnap and ransom policies for wealthy crypto holders due to rising kidnappings targeting crypto entrepreneurs, offering specialized protection.
Coinbase aware of data leak months before public disclosure: Report
Coinbase knew about a TaskUs data breach involving bribed employees leaking customer data since January but disclosed it only in May. The breach didn’t compromise passwords or funds but may cost up to $400 million.
South Korea Lenders Push Crypto Agenda With New Government
South Korean banks are advocating for regulatory changes to expand their role in the crypto sector, aiming to compete with tech firms and enter digital asset markets under the new government.
SEC Raises Filing Questions Over Proposed SOL and ETH Staking ETFs Ethereum ETHNews
The SEC questioned REX-Osprey’s SOL/ETH staking ETF filing, citing potential improper registration and misleading disclosures, likely delaying the launch despite REX’s readiness to address concerns.
