Movement Labs files for Chapter 11 bankruptcy after months of MOVE token turmoil

The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project. Read More at https://cointelegraph.com/news/movement-labs-files-chapter-11-bankruptcy-move-token-turmoil?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Pavel Durov says Telegram to roll out native Gram crypto wallet

Telegram founder Pavel Durov said the messaging platform will roll out a native non-custodial Gram wallet this summer, bringing self-custody crypto transactions to its more than 1 billion users. Read More at https://cointelegraph.com/news/telegram-launch-native-self-custody-gram-wallet-for-over-1-billion-users-durov?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

BIS warns stablecoins could weaken capital controls in emerging markets

Researchers found dollar-backed stablecoins are less affected by capital controls than traditional bank deposits, raising new questions about monetary sovereignty in emerging markets. Read More at https://cointelegraph.com/news/bis-study-says-stablecoins-bypass-capital-controls-more-easily-than-bank-deposits?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound