News linked to both this project and an event.
Odaily News: Following a customer data breach at Revolut, multiple hacker groups have publicly demanded ransom. A group calling itself "IAmNotAVillain" demanded that Revolut pay 6,000 Monero (XMR, approximately $3 million) within 24 hours, or it would sell customer data to other criminal organizations; another group, "Revolut Smilik," had earlier demanded 10,000 Bitcoin (approximately $780 million).In response, a Revolut spokesperson stated that the company has not received any direct contact or extortion demands from any of the aforementioned individuals or organizations. Meanwhile, Italy's Anti-Mafia and Anti-Terrorism Directorate has launched an investigation, with Italian prosecutors investigating unauthorized access to government computer systems, and Italy's privacy regulator has also asked banks to urgently review the security of their access systems. (Cointelegraph)
According to Cointelegraph, the U.S. cryptocurrency market structure bill, the Clarity Act, failed to advance after falling short of the Senate's sixty-vote threshold. Policy advocate Adrian Wall stated that bipartisan lawmakers are considering making a final attempt to vote on the legislation during the post-election lame-duck session.
According to Cointelegraph, the U.S. Senate failed to advance a procedural vote on the Digital Asset Market Clarity Act (CLARITY Act) on Tuesday. Bernstein analysts anticipate that the SEC and CFTC will subsequently embark on "proactive and swift" rulemaking to compensate for the time lost during prior negotiations. The forthcoming regulations are expected to cover: classification criteria for token offerings, developer protections for DeFi and self-custody protocols, innovation exemptions for equity tokenization, an expedited approval pathway for physical asset perpetual futures, and swap designation rules for federal sports event contracts. Bernstein pointed out that the CLARITY Act was originally intended to provide the industry with institutional safeguards against "shifts in political winds," and its defeat has once again cast doubt on regulatory certainty. Analysts also noted that the likelihood of a reconsidered vote on the bill remains low.
Bernstein analysts said that after the U.S. Senate failed to pass the procedural vote on the Digital Asset Market Clarity Act, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are expected to accelerate the development of digital asset regulatory rules.The analysts expect the new rules to cover the classification of fundraising tokens, protections for DeFi and self-custody protocol developers, innovation exemptions for equity tokenization, approval of real-world asset perpetual futures, and adjustments to swap classification rules for federal sports event contracts. (Cointelegraph)
Odaily reports: Italian cybercrime police are investigating a government email security incident linked to a Revolut customer data breach, involving suspected unauthorized access to computer systems and computer fraud.The accounts involved are said to belong to Italy's Certified Email System (PEC). Revolut did not confirm which government agency the compromised accounts belonged to, but said it has reported the incident to Italian authorities and that its systems, databases, and customer funds were not affected.Italy's CERT-AGID cybersecurity agency warned in June that PEC only certifies email delivery and does not guarantee the security of email contents. The agency said it has handled over 650 cases of abused or illegal PEC accounts since the beginning of 2026. (Cointelegraph)
According to Cointelegraph, former US Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo stated that despite the CLARITY Act facing setbacks in the Senate, the US Securities and Exchange Commission (SEC) and the CFTC will still proceed with drafting crypto regulations.
Odaily News: Carolyn Wilkins, a member of the Bank of England (BoE) Financial Policy Committee, said that the growth of dollar stablecoins could reinforce the dollar's global dominance and increase demand for US Treasuries. Speaking at Queen's University Belfast, she noted that dollar stablecoins can facilitate cross-border settlement and expand access to dollar-denominated assets outside the United States.Tether, the issuer of USDT, and fintech company Circle, the issuer of USDC, held nearly $150 billion in US Treasuries by the end of 2025 and bought about $33 billion that year. Wilkins pointed out that large-scale stablecoin redemptions could force issuers to sell Treasuries, thereby amplifying volatility in stressed markets.Total stablecoin circulation has now exceeded $300 billion, with 98% of that value pegged to the US dollar. Wilkins said this gives the dollar a significant first-mover advantage, and the development of the stablecoin market now has implications beyond the cryptocurrency sector.The development of pound sterling stablecoins has been relatively slow. The UK Financial Conduct Authority has tested potential issuers through a dedicated regulatory sandbox and finalized UK stablecoin issuance rules in June; the Bank of England has also tested the feasibility of using stablecoins in coordination with a simulated digital pound for cross-border trade payments. (Cointelegraph)
The 114-page crypto tax bill reviewed by the U.S. House Ways and Means Committee on Wednesday does not include tax provisions for mining and staking rewards. (Cointelegraph)
According to Cointelegraph citing Politico, Senate Democrats involved in negotiations over U.S. crypto market structure legislation are preparing to submit a counterproposal to the latest revised CLARITY Act introduced by Republicans. When Republican lawmakers released the new draft on Sunday, they described it as the "last, best, and final offer" to Democrats, but some Democrats remain unwilling to accept the current version.
Senate Democrats involved in negotiations over the CLARITY Act are preparing to file a counterproposal in response to the latest revised text from Republicans. Republicans had previously described the version released on Sunday as their "last, best, and final offer" to Democrats.Some Democrats remain dissatisfied with the crypto asset ethics provisions in the latest text. Senator Mark Warner said that Democrats who have been involved in the negotiations are putting forward a counterproposal. The proposal will be introduced before a key procedural vote on Tuesday, which will determine whether the CLARITY Act can advance to full Senate consideration. (Cointelegraph)
According to Cointelegraph, the EU Cyber Resilience Act (CRA) officially entered into force, requiring cryptocurrency hardware and software wallet providers to submit an early warning within 24 hours of discovering a serious security vulnerability or an actively exploited vulnerability, a complete notification within 72 hours, and a final report within 14 days after remediation measures are implemented. The regulation applies to all "products with digital elements" sold in the EU market. Violating companies face administrative fines of up to €15 million (approximately $17.3 million) or 2.5% of their global annual turnover, whichever is higher; providing false or misleading information will result in an additional fine of up to €5 million. Previously, Trezor and BitBox have both disclosed user data breach incidents and warned users to be vigilant against phishing emails disguised as security notifications.
The EU's Cyber Resilience Act has taken effect. Cryptocurrency hardware and software wallet providers must submit an initial early warning within 24 hours after discovering actively exploited vulnerabilities or severe security flaws in their products, and submit a full notification within 72 hours.Manufacturers must submit a final report within 14 days after corrective or mitigating measures become available; serious incidents must be reported within one month. Companies that violate the relevant regulations may face fines of up to €15 million or 2.5% of global annual turnover, whichever is higher; providing false, incomplete, or misleading information may result in fines of up to €5 million. (Cointelegraph)
the U.S. core CPI rose 0.3% month-over-month in August, exceeding expectations of 0.2%, further reinforcing expectations for a Fed rate hike next week. Analysts believe the market had already priced in ample time for a rate hike, and if the Fed raises rates as expected, the market reaction may be relatively limited. Instead, an unexpected decision to hold rates steady could trigger a larger rally in risk assets. Matt Mena, Senior Crypto Research Strategist at 21Shares, said historical data shows that in the 30 days following a core CPI reading above expectations, Bitcoin rose an average of 2.13%.Affected by the data, Bitcoin is currently trading at approximately $78,600, up 1.5% over the past 24 hours. Mark Connors, Chief Investment Officer at Risk Dimensions, said that rising U.S. Treasury yields across the board and the simultaneous strengthening of Bitcoin and gold indicate that the market is concerned not only about the Fed's rate path, but also about inflation, government debt, and the credibility of monetary policy. (Cointelegraph)
the UK House of Lords on Wednesday passed an amendment by a vote of 194 in favor to 138 against, requiring the government to formulate a digital asset strategy, despite opposition to the measure from the ruling Labour Party.The amendment, proposed by Conservative peer Baroness Neville-Rolfe, requires the UK Treasury to formulate, publish, and seek consultation on the strategy within 12 months after the Financial Services and Markets Act takes effect.The strategy will cover crypto assets, stablecoins, and tokenized securities, and address issues including innovation, consumer protection, and enterprises' access to banking, payment, and settlement services. The related bill still needs to be submitted to the House of Commons, where lawmakers may accept, amend, or reject the Lords' amendments.The UK Cryptoasset Business Council expressed support for the vote result. Previously, Lord Stockwood, the UK Treasury's Minister for Investment, had stated that the government already has a digital asset strategy and is implementing it. (Cointelegraph)
Odaily News: Trezor stated that its third-party email service provider has been breached and is currently under investigation. It warns users not to click on links in fraudulent "Critical Security Alert" phishing emails. (Cointelegraph)
Odaily News - The U.S. Senate is scheduled to hold a cloture vote on the CLARITY Act on Tuesday, with the bill requiring 60 votes to end debate. If it fails to advance with a three-fifths majority, fewer than 36 legislative days will remain before 2027.U.S. Senator Cynthia Lummis, a supporter of the CLARITY Act, stated on September 6 that if lawmakers fail to reach an agreement and send the bill to the President for signature, the next real opportunity for passage may not come until 2030. The 2026 midterm elections will see all 435 House seats and 33 Senate seats up for reelection.Regardless of whether Democrats regain control of one or both chambers of Congress in the midterms, the White House will remain under Republican control until January 2029, and the President could veto any related legislation. Paul Atkins, nominated to chair the U.S. Securities and Exchange Commission (SEC), and Michael Selig, nominated to chair the U.S. Commodity Futures Trading Commission (CFTC), have both stated that if the CLARITY Act does not advance this year, they will continue to push forward with digital asset regulation. (Cointelegraph)
Odaily News: The city of Plattsburgh, New York, held a public hearing to discuss a temporary land-use moratorium on high-energy computing facilities such as AI data centers and crypto mining. If approved, the moratorium would pause approvals for projects with electricity demand reaching or exceeding 300 kilowatts for a period of 12 months.As of Tuesday, Plattsburgh Mayor Wendell Hughes had not yet approved the moratorium. The City Council is scheduled to meet again on September 17 to continue deliberating on the proposal.Plattsburgh previously implemented an 18-month Bitcoin mining ban in 2018 due to resident concerns over electricity costs. Currently, some crypto mining companies are pivoting toward AI and high-performance computing operations, as the industry faces rising mining difficulty, higher electricity costs, and falling token prices. (Cointelegraph)
According to Cointelegraph, Australia’s financial intelligence regulator AUSTRAC stated that it has cancelled, suspended, or refused to renew 45 cryptocurrency and remittance business registrations over the past year to strengthen oversight of high-risk payment activities. These measures primarily target service providers that are inactive, insolvent, lack operational capacity, or pose anti-money laundering and counter-terrorist financing risks.
According to Cointelegraph, Australia’s financial intelligence regulator AUSTRAC announced that it has cancelled, suspended, or refused to renew the registrations of 45 cryptocurrency and money remittance service providers over the past year. The action targets inactive, insolvent, or operationally unviable businesses, as well as entities posing money laundering or terrorism financing risks. AUSTRAC CEO Brendan Thomas stated that organizations whose registrations have been revoked are prohibited from continuing operations, and certain individuals involved have been referred to Australian and overseas law enforcement agencies. Among them, GetCoins (BA Digital Ventures) had its registration cancelled in June this year after being suspected of being exploited by organized crypto investment fraud schemes.
Odaily News: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has stated that over the past year, it has cancelled, suspended, or refused to renew 45 registrations for cryptocurrency and remittance businesses, targeting service providers that are inactive, insolvent, or not operationally capable.AUSTRAC CEO Brendan Thomas stated that businesses whose registrations have been cancelled are not permitted to continue operating, and that some individuals involved have been referred to Australian and overseas law enforcement or regulatory cooperation agencies. Additional issues cited include failure to report material changes, incorrect registration information, and significant money laundering or terrorist financing risks.AUSTRAC noted that the virtual asset service provider registration of GetCoins, a brand under BA Digital Ventures, was cancelled in June following customer complaints. The agency stated that GetCoins is suspected of being exploited by organized cryptocurrency investment scam activities, and that this action, taken in collaboration with the National Anti-Scam Centre, helped disrupt related activity.AUSTRAC did not disclose the full list of 45 businesses, nor did it provide a breakdown of crypto versus remittance service providers. The public VASP register shows that recent actions have also involved Cryptolink, Self Custody, Jam Xchange, and Coinsec Australia; AUSTRAC has also launched an investigation into Western Union and suspended Cryptolink's cryptocurrency ATM network. (Cointelegraph)