TL;DR: Ireland’s central bank imposed a €3.25 million penalty on Coinbase Ireland over electronic-money safeguarding and outsourcing failings, subject to High Court confirmation. Ireland's central bank has fined Coinbase Ireland €3,252,618 after finding failures in the way the company safeguarded electronic-money customer funds and oversaw outsourced arrangements. The action, announced Thursday, concerns compliance with Ireland's…
TL;DR: SoFi says its new SOFIE tokenized deposit represents money held at SoFi Bank, advertises 4.40% APY subject to terms, and can convert to SoFiUSD for blockchain transfers. SoFi is offering consumers a new way to hold a dollar balance that earns bank-deposit interest while remaining a short step away from on-chain transfers. Its latest…
TL;DR: Ethereum developers have removed the planned October 26 Glamsterdam activation on Hoodi while they investigate EIP-8037 interactions with existing contracts; no replacement date has been announced. Ethereum developers have pulled the October 26 activation of Glamsterdam on the Hoodi testnet, introducing a pause that matters directly to operators preparing for the next network upgrade.…
TL;DR: Chainlink and LG CNS are partnering on oracle and cross-chain infrastructure aimed at South Korea’s financial institutions; the announcement is a partnership, not a completed nationwide deployment. South Korea's next wave of digital-asset infrastructure may be built less around speculative trading apps and more around the plumbing banks need to move real money and…
TL;DR: HSBC has launched its Hong Kong dollar-backed RedCoin for payments through PayMe, with wallet activation set to expand to millions of users over the coming days. HSBC has made its first stablecoin a consumer payments product, rather than an institutional settlement experiment. On Friday, the bank announced that RedCoin, a Hong Kong dollar-denominated token…