Coinbase Ireland’s cash safeguards fell €5 million short before 2024 fix ━━━━━━━━━━━━━━━━━━━━
• The regulator found no evidence of actual consumer harm, while the accepted €3,252,618 penalty still needs High Court confirmation. • Coinbase Ireland’s customer-cash safeguarding account was short by about €5 million in 2024, a settlement disclosed by the Central Bank of Ireland on Oct. • The regulator said the historical failures could have hindered customers’ recovery of their money if the company had become insolvent. • The Central Bank found no evidence that consumers suffered actual harm in this case.
Malaysia, Thailand join Singapore’s cross-border stablecoin push ━━━━━━━━━━━━━━━━━━━━
Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative on Friday as policymaker members.
BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, BLOOM aims to cut costs and help institutions bring services to market faster by reducing the need for institutions to set up arrangements with each counterparty or market.
$ETH : Ethereum’s long-awaited Glamsterdam upgrade hits another roadblock as 13 security risks em ━━━━━━━━━━━━━━━━━━━━
• Developers cancel a crucial testnet activation after ChainSecurity identifies 13 real-world examples of smart contracts affected by proposed gas changes. • Ethereum developers have postponed the Glamsterdam upgrade on a major test network after identifying potential security risks affecting existing smart contracts. • The Ethereum Foundation confirmed on Oct. • 26 on the Hoodi testnet, would no longer proceed as planned. • Developers agreed to investigate how a proposed change to Ethereum's gas-accounting system could affect applications already operating on the blockchain.