Tether has reportedly frozen a Tron (TRX) wallet containing more than 28 million USDT tokens suspected to be proceeds of criminal activities, including money laundering and fraud. An account dedicated to the real-time observation of Tron and Ethereum (ETH) stablecoins, USDT/USDC Ban List, reported on July 13 that an address, identified as TNVaKW, had been
Among this past week’s top stories: The cryptocurrency market reacted after a gunman opened fire at a political rally, injuring former President Donald Trump; regulators dropped an investigation into Paxos; Germany emptied its Bitcoin (BTC) stash; and spot BTC exchange-traded funds (ETFs) recorded a recovery in net inflows. Trump meme coins boast double-digit growth The
The likelihood of former U.S. President Donald Trump winning the upcoming U.S. presidential election has surged to a record high following a thwarted assassination attempt, according to bettors on the decentralized prediction market platform Polymarket. Trump, who was wounded during a rally shooting in Pennsylvania, saw his odds of winning the upcoming presidential election surge
A recent report reveals that the majority of jurisdictions worldwide have only partially complied with the Financial Action Task Force (FATF) recommendations for regulating virtual assets. Some progress has been achieved, but not enough, according to a report released on July 13. Further efforts are required to fully adhere to the FATF recommendations and establish
SATS (Ordinals), the native token of the Satoshi Network, has emerged as the top performer among the top 200 cryptocurrencies this week, with its value soaring by over 63% in the past seven days. The cryptocurrency — built on the Bitcoin blockchain — is currently priced at $0.000000198. It boasts a market capitalization of $415.8
Today marks one year since Judge Analisa Torres’ pivotal ruling that XRP is not a security. The decision reshaped the landscape for Ripple and the broader cryptocurrency sector. Reflecting on this landmark anniversary, Ripple’s chief legal officer Stuart Alderoty shared his insights on the ruling’s impact and broader implications for the industry: “It was a
Tether’s USDT stablecoin’s market share on centralized exchanges (CEXs) has decreased from 82% to 74% so far this year. This decline in dominance highlights the growing competition in the stablecoin market and the potential regulatory challenges facing Tether. EU regulations and new competitors Notwithstanding the drop in market share, Tether (USDT) remains the most widely
China and Kazakhstan have entered into a strategic partnership to collaborate on Central Bank Digital Currency (CBDC) research. The initiative focuses on enhancing knowledge sharing, expertise, and employee competencies through joint training and research projects. The People’s Bank of China (PBoC) and the National Bank of Kazakhstan (NBK) partnership comes as global interest in CBDCs
Spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed a significant surge on July 12, with inflows surpassing $310 million—the highest since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows, bringing in $120.03 million and $115.14 million respectively, as per information from SoSoValue. The Bitwise Bitcoin ETF
Abra, the digital assets and wealth management platform, purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto trusts from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private trusts just before its settlement with 25 U.S. state regulators over charges of operating without required licenses. Abra Capital Management LP, a US Securities