Zcash backer Bootstrap says split due to clash over nonprofit rules, Zashi future
Zcash’s nonprofit backer Bootstrap said governance tensions stem from nonprofit limits on outside investment, following a split with Electric Coin Company.
China’s interest-bearing digital yuan piles pressure on US stablecoin rules
China’s move to pay interest on the digital yuan is colliding with the GENIUS Act’s ban on stablecoin yields, intensifying questions over whether US digital dollars can remain competitive.
Banks must upgrade their blockchain infrastructure
Banks risk falling behind if they cling to private blockchains. Upgrading to public, permissioned layer-2 infrastructure with ZK-proofs is essential for modern finance.
Fireblocks buys crypto accounting platform TRES for $130M
Fireblocks has expanded its institutional offering by buying TRES, a crypto accounting and tax compliance platform, as it looks to keep up with the use of stablecoins.
GENIUS Act changes would be a ‘national security trap’: Crypto execs
Pro-crypto lawyer John Deaton argued that banning yield on stablecoins would incentivize the use of China’s interest-bearing digital yuan, hurting the US dollar.
Wyoming rolls out state-backed FRNT stablecoin to the public
Wyoming’s Frontier Stable Token (FRNT) is “the first fiat-backed, fully-reserved stable token" to be issued by a US public entity, says state Governor Mark Gordon.