Nine Chinese nationals were sentenced for running a fake cryptocurrency scam that tricked over 66,000 people in India out of $6 million. They used fake platforms, social media personas, and money laundering through USDT to hide their crimes.
AnaisCircle, the USDC stablecoin issuer, has filed for an IPO with the SEC amidst tech market turbulence and Nasdaq’s worst quarter since 2022. It faces stiff competition and economic challenges, including fluctuating interest rates.
KikyoTether has purchased 8,888 BTC for $735 million, increasing its Bitcoin holdings to 92,647 BTC, as part of its strategy to strengthen reserves with Bitcoin.
AnaisWirex has launched Wirex Travel, offering up to 65% off hotel bookings and 8% cashback on Wirex card payments. Users can book with fiat or crypto, including Bitcoin and Tether, while accessing exclusive deals. This move challenges Binance-backed Travala in the crypto travel market.
CatherineTether purchased $33.1 billion in U.S. Treasury securities, becoming the seventh-largest holder of U.S. government debt. This move strengthens the stability of its USDT stablecoin and highlights its growing role in both digital and traditional finance.
AnaisRussia is increasingly using cryptocurrencies like Bitcoin and Tether to conduct oil trade with China and India, bypassing Western sanctions. The use of intermediaries and offshore accounts has made crypto a key tool in these transactions, speeding up operations despite financial restrictions.
WeatherlyOnchain data shows a trader lost $733,000 in USDC for just $19,000 in USDT due to a sandwich attack, sparking money laundering suspicions.
KikyoMetro Singapore has teamed up with dtcpay to enable stablecoin payments for online and in-store purchases at Metro Paragon and Metro Woodlands, supporting USDT, USDC, FDUSD, and WUSD.
CatherineBank of America plans to launch a USD-backed stablecoin once US lawmakers approve the regulatory framework. The move could bring stablecoins into mainstream consumer banking, increasing competition among major financial institutions.
WeatherlyCircle's CEO, Jeremy Allaire, is calling for mandatory registration of stablecoin issuers in the U.S. to ensure transparency and protect consumers. Meanwhile, U.S. lawmakers and regulators are intensifying efforts to create clear rules for stablecoins, with growing scrutiny on companies like Circle and Tether.
AnaisNick Szabo has become the leading candidate to be Satoshi Nakamoto, the mysterious creator of Bitcoin, as his odds on the betting platform Polymarket rise to 28.3%. This shift follows producer Cullen Hoback's claim that he confronted the real Nakamoto, suggesting that the true creator is still alive, while former frontrunner Len Sassaman's odds have plummeted to 8.5%.
WeatherlyA 21-year-old Indiana cybercriminal has pleaded guilty to a $37 million crypto scam, defrauding 571 victims in a 2022 cyberattack. By exploiting a real client's identity, he faces serious legal consequences, marking a key step toward justice in this major cybercrime case.
CatherineSouth Korean soldiers are compromising military secrets to secure loans for cryptocurrency investments, reflecting financial desperation amid rising debt. An investigation found 29 cases of leaked classified information, raising serious concerns about national security and the need for stricter measures to protect sensitive data.
AnaisIt's quite incredible. This may be the first time that people hope that the National Day will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are itching to watch the A-share market close.
AlexCrypto scammers are leaving the TON blockchain due to a lack of high-value targets, as fewer wealthy investors remain on the network. With TON's growing popularity and security measures, scammers are shifting their focus to other platforms, like Bitcoin, for better opportunities.
WeatherlyHong Kong’s Securities and Futures Commission (SFC) plans to issue more licenses to crypto exchanges and digital asset firms by year-end. Its 2024-2026 roadmap focuses on strengthening crypto platform regulations, promoting Real World Asset (RWA) tokenisation, and exploring blockchain technologies further.
KikyoThe SEC warns of a surge in "romance investment scams," where fraudsters pose as romantic partners. The regulatory agency urges caution, especially during World Investor Week, as the FBI reports $5.6 billion lost to crypto scams in 2023.
CatherineBurls Art has created a unique electric guitar that also functions as an aquarium, inspired by AI-generated designs. This innovative project faced engineering challenges, but Burls Art successfully combined art and technology, resulting in a fully playable instrument that also houses aquatic life.
WeatherlySamsung Electronics is facing a significant crisis as its semiconductor division reports disappointing financial results and struggles with competition, leading to a rare public apology from the new leader. The company is dealing with delays in crucial chip deliveries, a drop in share prices, and plans to cut jobs to address its challenges and restore its competitiveness in the market.
AnaisIt is incredible that this may be the first time that people hope that the National Day holiday will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are eager to see the A-share market closed.
Alex