Barclays eyes blockchain; UK weighs crypto bets; Block cuts 40%

Here’s what happened in crypto todayNewsNeed an overview of today’s crypto developments? Below are the latest updates affecting Bitcoin price, blockchain, DeFi, NFTs, Web3 and digital asset regulation.

Barclays assesses blockchain for payments, tokenized deposits, and stablecoins

Barclays is evaluating the use of blockchain to support payments, deposits, and stablecoin transactions, signaling deeper engagement by a major UK bank in digital asset infrastructure. Bloomberg reported that the lender has contacted technology providers about building a platform capable of handling tokenized deposits with 24/7 settlement, with a partner selection possible in the coming months. If adopted, the initiative would move blockchain from pilots toward integration with Barclays’ core banking systems, amid increased regulatory clarity and institutional interest in tokenization and stablecoins.

UK regulator considers permitting cryptocurrency as a payment option for licensed gambling

The United Kingdom’s Gambling Commission is examining how licensed online gambling operators could accept cryptocurrency payments, as the country prepares to expand crypto oversight under a new regime led by the Financial Conduct Authority (FCA). Tim Miller, the commission’s executive director for research and policy, said Thursday that the regulator is looking into “the potential path forward” for enabling “cryptoasset to be used as a consumer payment option for licensed and regulated gambling in Great Britain,” according to remarks delivered at the Betting and Gaming Council’s annual general meeting in London. He added that firms conducting regulated crypto activities will require FCA authorization under the Financial Services and Markets Act 2000 (FSMA) once the new framework takes effect.

Jack Dorsey’s Block to cut 4,000 jobs

Block, the payments company co-founded by Jack Dorsey, plans to reduce its workforce by about 40%, citing efficiencies from accelerating AI adoption. In a letter to employees shared on X, Dorsey said the company’s intelligence tools, combined with smaller, flatter teams, are reshaping operations and speeding execution. He said he opted for a single, immediate reduction rather than multiple rounds to limit disruption and maintain stakeholder confidence. Affected employees will receive 20 weeks of base pay plus one additional week for each year of service, six months of health care coverage, their company-issued devices, and a $5,000 stipend for personal needs. Employees are being notified today if they are impacted or entering consultation.This report aims to provide accurate and timely information. Readers are encouraged to verify details independently.

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