The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of …
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USDC, the USD-pegged stablecoin issued by Circle, is now available in Brazil and Mexico. The move allows the direct conversion of Brazilian Reas and Mexican Pesos into USDC, omitting the need to convert the fiat currencies into USD. Businesses may obtain USDC from local financial institutions for their own purposes …
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The Daily: WalletConnect to airdrop 185 million WCT, Trump-backed World Liberty Financial unveils WLFI token plans and more
by James Huntby James HuntHappy Tuesday! In today’s Daily, WalletConnect is set to airdrop 185 million WCT tokens, the Donald Trump-backed World Liberty Financial DeFi project unveils its own token plans, BlackRock’s spot Bitcoin ETF clocks its first daily net inflows in three weeks and more. Let’s get started. WalletConnect set to airdrop 185 …
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USDT’s market share grew to 75% from 55% in the past two years, according to Token Terminal. The Tether-issued stablecoin’s supply rose to $118 billion from $65 billion while main rivals struggled. Tether’s USDT, the largest stablecoin, is not only growing larger, it’s also cementing its dominant position and now …
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DBS Bank just shook things up in the crypto world, becoming the first Asian bank to offer cryptocurrency options trading and structured notes. If you’re an institutional investor or accredited client, this could be huge for managing Bitcoin and Ethereum in your portfolio. DBS Steps Into the Future Starting in …
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Tether’s USDT stablecoin now controls more than 75% of the stablecoin market, marking a substantial increase from 55% in 2022, according to data released on Sept. 16. The growth reflects the increasing demand for USDT as a trusted intermediary between fiat currencies and digital assets. With a circulating supply of …
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Stablecoin issuers freeze $5 million worth of stablecoins tied to Lazarus Group by ZachXBT
by Zack Abramsby Zack AbramsCrypto’s most infamous hacking group has lost access to nearly $5 million worth of stablecoins stored in two wallets after stablecoin issuers freezed the funds, which were identified and traced in an investigation led by blockchain sleuth ZachXBT. In his initial investigation, which was aided by employees from Metamask, Binance, …
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This week in prediction markets: Second assassination attempt not boosting Trump’s odds as election betting nears $1 billion on Polymarket Oral arguments set for Thursday in CFTC appeal of the case it lost to Kalshi. Are you ready for 20X leveraged election betting? What will Trump say tonight? Donald Trump …
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With all the shifts happening in the crypto scene, big names like Ethereum, Solana, and Avalanche may seem a bit overdone or old hat. However, there’s a new wave of tokens that are raring to go. Despite some uncertainty, these 5 fresh faces appear promising. Read on if you’re curious …
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Global Banking Network SWIFT Paves Way for Tokenized Asset Integration
by Martin Youngby Martin YoungOn Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional …