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SBI Group, Chainlink partner to bring crypto tech to Asia’s finance scene

Japanese finance conglomerate SBI Group has partnered with the blockchain oracle platform Chainlink to create a host of crypto tools for Asia’s financial institutions.
SBI said on Sunday that its collaboration with Chainlink will focus on “a number of key use cases for financial institutions in Ja
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LayerZero wins Stargate acquisition in 4-way bidding war

Blockchain messaging protocol LayerZero has won the bid to acquire crypto protocol Stargate after a shaky first offer and a late four-way bidding war.
Stargate’s community voted on Sunday with a 95% majority to greenlight the LayerZero Foundation’s $110 million acquisition proposal, which it
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Telegram founder Pavel Durov says case going nowhere, slams French gov

Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing.
Durov said his arrest by French authorities in August 2024 was “unprecedented” and
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Saylor signals third consecutive Strategy Bitcoin buy in August

Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase, and, if completed, the transaction will mark the company’s third BTC acquisition in August.
The company’s most recent Bitcoin buy occurred on August 18, when Strategy purchased 430 BTC for $51.4 million, bringing its t
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Bitcoin whales swap BTC for Ether as trader sees ETH at $5.5K next

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One year since Durov’s arrest: What’s happened and what’s ahead?

One year has passed since the arrest of Telegram CEO and co-founder Pavel Durov, sparking outrage from free speech activists and concern over the future of platform moderation.
On Aug. 24, 2024, Durov was arrested at the Paris-Le Bourget Airport in Paris,
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US Treasury’s DeFi ID plan is ‘like putting cameras in every living room’

The US Treasury is exploring whether identity checks should be built directly into decentralized finance (DeFi) smart contracts, a move critics warn could rewrite the very foundations of permissionless finance.
Last week, the agency opened a consultation under the Guiding and Establishing
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Custodia Bank CEO warns of TradFi firms facing first crypto winter

Institutional investors from the traditional finance world lack the updated risk tolerance models to deal with crypto and may face trouble during the next bear market, according to Custodia Bank CEO Caitlin Long.
“Big Finance is here in a big way, and that seems to be driving this cycle. I
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Brazil’s crypto tax grab signals the end of an era

Opinion by: Robin Singh, CEO of Koinly
Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by.
In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from
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Crypto Biz: Bitcoin miners face tariff hit, blockchain courts Wall Street

The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from
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