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Crypto

$5,000 flows into Satoshi dormant wallet, funds effectively unrecoverable

Bitcoin worth about $5,000 has newly flowed into a dormant wallet linked to Bitcoin creator Satoshi Nakamoto. The funds were sent from a Revolut co-owned hot wallet, making it hard to identify the sender. On-chain data show the sender tested the address with small transfers before sending 0.033 BTC. The recipient is a so-called Patoshi address cluster holding 1.11 million BTC, a holding described as untouched.

Crypto

ECB selects 36 companies to test digital euro ahead of 2027 pilot

The European Central Bank has selected 36 payment service providers to take part in tests of the digital euro ahead of a pilot programme due to start in the second half of 2027. The ECB plans to move the project from the design stage to a testing stage and run a 12-month beta test. The list includes fintech firms such as Stripe and Revolut and banks including Deutsche Bank and UniCredit.

Crypto

ECB warns stablecoin spread could undermine European bank deposit base

The European Central Bank has warned that the spread of stablecoins could eat into European banks’ retail deposits and has put forward a digital euro as a response. Executive Board member Piero Cipollone said banks that have already lost fees and transaction data to mobile payments could see their deposit base shaken. The ECB said falling deposits could weaken lending capacity and is moving ahead with a digital euro pilot planned for 2027.