Iran has been leaning on Tether’s dollar-pegged USDT to dodge a U.S. sanctions dragnet and move money for the regime and proxies such …
Altcoins
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Altcoins
Targeting Trump, California Governor Gavin Newsom Signs Bill Banning Public Officials From Issuing Memecoins
by Joseph Reesby Joseph ReesCalifornia Governor Gavin Newsom signed a bill on Sunday that bans state public officials from launching memecoins. In addition to the ban on …
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Altcoins
Visa Says Bank-Level Fraud Protection and Deposit Insurance Could Unlock US Stablecoin Adoption
by Joseph Reesby Joseph ReesVisa is releasing a new report showing how bank-level protections could significantly boost American interest in using stablecoins to send money abroad. The …
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Altcoins
Stablecoin Cross-Border Flows Surge 78% to $220,300,000,000 Amid Crypto Bear Market
by Joseph Reesby Joseph ReesCross-border stablecoin transfers are surging nearly 78 percent over the past year even as the broader crypto market experiences a sharp decline. Transfers …
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Altcoins
CoinEx Crypto Exchange Is Shutting Down Three Years After Exiting US Market – Here’s the Deadline for Withdrawals
by Joseph Reesby Joseph ReesA cryptocurrency exchange is closing its doors after nearly a decade in business. CoinEx, which has its operating headquarters in the Seychelles, says …
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Altcoins
America’s Sixth-Largest Bank Launches Dollar-Backed Stablecoin for Cross-Border Transfers
by Joseph Reesby Joseph ReesA major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. …
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Altcoins
JPMorgan Chase Considering Launch of New Stablecoin As Rival Big Banks Build Dollar-Pegged Token: Report
by Joseph Reesby Joseph ReesJPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a …
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Altcoins
Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State
by Joseph Reesby Joseph ReesA Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing …
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Altcoins
Grayscale Research Is Warning of AI-Driven Surveillance Risks on Transparent Blockchains, Says Zcash Will Be Part of the Solution
by Joseph Reesby Joseph ReesGrayscale Research is warning that artificial intelligence may heighten financial surveillance risks on transparent blockchains by improving the ability to link transactions with …
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Altcoins
Bank of America, Wells Fargo, Citi and Goldman Join 21-Firm Plan to Launch Stablecoin
by Joseph Reesby Joseph ReesA group of 21 banks and financial firms including Bank of America, Wells Fargo, Citigroup and Goldman Sachs are preparing to launch a …