CRYPTO
Tether Freezes $344 Million in USDT. This Is Why Bitcoin Exists.
Tether froze $344M in USDT on Tron in coordination with OFAC. BlackRock adds $900M in BTC. BOJ studies US private credit contagion. UK courts approve nationwide facial recognition. TFTC – Truth for the CommonerBitcoin BriefSup, freaks.Tether just froze $344 million in USDT across two addresses on the Tron blockchain in […]
Freezing 5.6 million dormant bitcoin could trigger ‘worst’ single-day repricing
Maximalists warn freezing 5.6M BTC risks instant sell-offs, while others say quantum threats leave no alternative. What to know: Freezing dormant bitcoin would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk. Bitcoin developers and crypto industry […]
Russia’s Sberbank Ready to Enter Crypto Trading as Russia Moves Toward Regulation
Sberbank will provide access to crypto trading once regulation and organized exchange trading begin, Senior Vice President Ruslan Vesterovsky said. Sberbank will provide access to crypto trading once regulation and organized exchange trading begin, Senior Vice President and Head of Wealth Management Ruslan Vesterovsky said at the Moscow Exchange forum, according to […]
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that’s a risk
The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance. What to know: Crypto exchanges are increasingly offering bank-like services such as lending and yield products, but without the protection traditional financial institutions provide, according […]
Tether freezes $344 million in USDT on Tron tied to ‘illicit activity’
The stablecoin issuer said the action followed U.S. law enforcement requests as global watchdog FATF warned of growing role of digital dollars in illicit money flows. What to know: Tether, the crypto company best known for issuing the world’s largest stablecoin, said Thursday it has frozen $344 million worth of […]
U.S. military runs Bitcoin node, sees crypto as power projection versus China
Admiral Samuel Paparo, head of US Indo-Pacific Command, told two congressional panels this week that the military is running a live Bitcoin node for cybersecurity testing and views the protocol as a tool of national power in competition with China. What to know: A four-star U.S. Navy admiral has told […]
Russia introduces bill to criminalize unregistered crypto services
Individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time. Russia’s government submitted a bill to its parliament’s lower house in an effort to amend the country’s legal code to attach criminal liability for crypto […]
Stripe doubles down on blockchain and stablecoins, aiming to become ‘AWS for money’
Demand is emerging fastest in the Global South and cross-border use cases, where cards fail and currencies are unstable, said Adrien Duchâteau, Stripe’s crypto GTM lead. What to know: Global payments giant Stripe is building what it calls the “AWS for money,” and crypto tech is at the center of […]
Digital Currency and the End of Financial Privacy
The push toward digital currency is being framed as innovation and efficiency, but when you strip away the marketing language, what is unfolding is a structural transformation of the financial system that shifts control away from individuals and concentrates it within governments and central banks. The Bank for International Settlements has confirmed that more […]
Tether Moves Over $70 Million in Bitcoin to Reserves, On-Chain Data Shows
Tether transferred roughly $70.5 million in Bitcoin into reserves while simultaneously expanding its ecosystem with a new self-custodial wallet. Tether, issuer of the world’s largest stablecoin USDT, moved 951 bitcoin valued at $70.5 million into a reserve wallet linked to its treasury operations, according to on-chain data from blockchain analytics firms including […]
