Crypto Treasury Firms Go on $8B Buying Spree in Historic Week

Tether has just taken on the role of a law enforcer and frozen the $85,877 USDt tied to stolen funds. While Tether CEO Paolo Ardoino has seen it own company as a crypto compliance enforcer, but the crypto community wasn't impressed, stating that Tether's might have over-stepped the line.
Tether has just announced that it would be closing the tap on five legacy blockchains.
Stablecoin giant Tether has stored a whopping $8 billion worth of gold in a private vault somewhere in Switzerland.
Tether plans to become the world’s largest Bitcoin miner by the end of 2025, investing billions in mining operations across Latin America. This move aims to protect its large Bitcoin holdings and strengthen the network amid new regulatory challenges.
Major cryptocurrency exchange Bybit has landed on the grounds of Georgia, making it the first exchange to have a full license to offer digital assets trading to local investors.
A scammer located in Nigeria has allegedly impersonated Steve Witkoff, the co-chair of the Trump-Vance Inaugural Committee, by making use of a barely noticeable type.
A7A5, a Russian ruble-backed stablecoin launched in Kyrgyzstan might be Russia's new found attempt to build at alternative payment system outside of the western financial rails.
Thailand has approved a five-year income tax exemption on crypto trading profits from 2025 to 2029, applying to sales through licensed platforms. The move aims to spur blockchain innovation while maintaining investor protection through regulatory oversight.
A 26-year-old TikTok influencer and crypto trader was reportedly kidnapped in France and held for a €50,000 crypto ransom. But when the kidnappers found he had been all-in on XRP since 2018 and had little to show for it, they released him—allegedly sending $1,000 in USDT before letting him go.
Big Four accounting firm Ernst & Young (EY) released a new service for managing enterprise contracts via blockchain technology on April 17, called OpsChain Contract Manager (OCM).
Tron Foundation challenges SEC lawsuit over jurisdictional reach, arguing against the application of U.S. regulations to offshore transactions. Meanwhile, competitors like Solana and BNB Chain are rapidly closing the TVL gap, posing formidable challenges. This legal battle highlights the intricate jurisdictional issues in the global crypto market, with implications for regulatory oversight and international transactions.
TRM Labs' research reveals Tron's dominance in illicit crypto transactions, accounting for 45% of scams in 2023. Ethereum and Bitcoin follow with 24% and 18%, respectively. Concerns persist over stablecoins' role, notably Tether, totaling $19.3B in illicit activity. Despite a 9% decrease in total illicit volumes, regulatory oversight remains crucial.
London-based Fnality, a blockchain payments firm, raises $95 million in a funding round led by Goldman Sachs and BNP Paribas. Other participants include DTCC, Euroclear, Nomura, and WisdomTree, as well as banks from Fnality's 2019 funding round. The company tokenizes fiat currency backed by central bank-held cash.
Lek Tai Yong had reported being robbed, and Eddie Ong had helped to conceal the funds, which police said belonged to investors.
Dominica selects TRON as its national blockchain to issue the country's official coin.
Like blockchain is to finance, so are NFTs to artists. At least in theory.
‘Global Economy Can Be Fixed by Blockchain,’ Says Tron Founder Justin Sun, the founder of Tron and Grenada Ambassador to ...
Tron takes off by 44% and ranks as the third-largest blockchain based on TVL. Tron, Tronix, or TRX is designed ...