Onchain detective ZachXBT claims that Circle, the issuer of the USDC (USDC) stablecoin, has failed to freeze or blacklist about $420 million in illicit fund flows since 2022. Circle can freeze illicit funds and blacklist wallet addresses, but either took “minimal” action to freeze illicit flows or failed to act in 15 separate hack-and-fraud cases,…
Stephanie Cutter will join the prediction markets company as a policy adviser, having previously worked in Democratic lawmakers’ campaigns. Predictions market platform Kalshi announced that a former staffer of US President Barack Obama had joined the company as a policy adviser. In a Thursday notice, Kalshi said Stephanie Cutter would join the prediction markets company…
The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability…
In the latest interview with Cointelegraph, macro investor and former hedge fund manager James Lavish issued a stark warning to Bitcoin holders and global investors: markets may be pricing in a quick resolution to the Iran conflict — but if that assumption proves wrong, the consequences could be severe. Lavish argued that if the conflict…
Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need…
The Ethereum Foundation (EF), the non-profit organization that steers development of the Ethereum ecosystem, staked over 45,000 Ether (ETH) on Friday, bringing the total amount staked to about 69,500 ETH, less than 500 coins shy of the Foundation’s 70,000 goal. The EF staked the coins in a series of transactions, each consisting of 2,047 ETH,…
Coinbase’s AI-focused payment protocol x402 is moving toward becoming an open, standardized infrastructure under the Linux Foundation, the non-profit hub for open-source software development. The move aims to create a community-governed ecosystem for high-frequency, micro transactions that legacy finance can’t efficiently handle. The protocol has formed an initial governing body, the x402 Foundation, that includes…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1875.68, down 4.5% (-88.38) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: CRO (-2.5%) and BCH (-3.0%). Laggards: UNI (-7.7%) and SOL…
The two things most cryptocurrency investors are pondering are how much lower can bitcoin BTC$66,850.25 go and how much longer this bear market could last. The price pain aspect has been discussed widely, but the time-based dimension is another question in itself. Price pain refers to sharp drawdowns or volatility that force participants out of…
After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money. The attacker siphoned off roughly $71 million in USDC as part of the exploit Wednesday, according to blockchain security firm PeckShield. After converting most of the rest of the stolen assets…