US Community Banks Push Back on Coinbase Trust Charter Approval

The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability…

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Cambodian Lawmakers Propose Severe Prison Time for Crypto Scammers

Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need…

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Naoris Protocol’s quantum-resistant blockchain goes live as Bitcoin and Ethereum face ‘Q-Day’ threats

Naoris Protocol debuted its quantum-resistant blockchain Thursday, which it says is designed to stay secure even against future powerful quantum computers that could break modern day cryptography. “Mainnet represents the transition from proof-of-concept to production infrastructure. The network has already validated over 100 million transactions using post-quantum cryptography. That is not a roadmap promise; it…

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Ethereum Foundation stakes $93 million of ether in a day, reaching its 70,000 ETH target

The Ethereum Foundation staked roughly $93 million in ether (ETH) on Thursday in several batches, bringing its total staked position to approximately $143 million and nearly completing the 70,000 ETH staking target it announced in February, according to Arkham data. The total deposit of 45,034 ETH was split into uniform chunks of 2,047 ETH, each…

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