Stablecoins are taking the payment sector by storm. A joint report from crypto market maker Keyrock and crypto exchange Bitso predicts that stablecoin payment volumes will exceed $1 trillion annually by the end of this decade. This will likely be the case, as leading stablecoins have seen impressive growth recently. Tether’s USDT stablecoin reached a…
Two parallel initiatives by law enforcement and private companies have frozen over $300 million in crypto in an anti-fraud crackdown. According to Bleeping Computer, blockchain intelligence firm TRM Labs, TRON, Tether, and Binance joined the T3 Financial Crime Unit (T3 FCU) initiative launched in September 2024. Dubbed the T3+ Global Collaborator Program, the operation has…
Crypto lobbying group the DeFi Education Fund is officially launching its namesake foundation, the company announced in an August 13 press release. DeFi Education Fund Launches New Foundation According to the Wednesday press release, the DeFi Education Foundation will continue the digital asset-focused collective’s crypto advocacy work while giving donors the opportunity to benefit “from…
Hong Kong’s Securities and Futures Commission (SFC) has issued strict new custody standards for virtual asset trading platforms following global security incidents that resulted in over $3 billion in crypto losses during the first half of 2025. The comprehensive circular sets minimum requirements for wallet infrastructure, transaction verification, and access controls as the regulator prepares…
Coinbase believes crypto markets may be on the cusp of a full-scale altcoin season, with institutional demand for Ethereum playing a central role and a potential Federal Reserve rate cut in September setting the stage for retail inflows. In its August research outlook published Thursday, the exchange said the market has largely followed the path…
The United States Treasury Department has escalated its crackdown on illicit crypto activity, redesignating the Russian-linked cryptocurrency exchange Garantex Europe OU and sanctioning its successor platform, Grinex. The move follows years of allegations that Garantex processed more than $100 million in transactions tied to ransomware groups, darknet markets, and other cybercriminal operations. OFAC Targets Garantex…
Bitcoin mining operators are putting less of a strain on Paraguay’s power grid than engineers initially feared, the nation’s power provider says. Per the Spanish-language news outlet Criptonoticias, the comments came from Félix Sosa, the President of the National Electricity Administration (ANDE). Speaking at a recent blockchain technology-related conference, the power chief said that crypto…
Citigroup is exploring a major expansion into the digital asset space, with plans that could put the $2.57 trillion banking giant at the center of stablecoin custody, crypto ETF infrastructure, and blockchain-based payments. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, said the bank is looking at…
Stablecoins are set to capture $1 trillion in annual payment volume by 2030 and could comprise 10% of the U.S. money supply, fundamentally reshaping monetary policy as they hold 25% of the U.S. Treasury bill market with a $2 trillion supply, according to new research from Keyrock and Bitso. The comprehensive report, shared with Cryptonews,…
U.S. Treasury Secretary Scott Bessent clarified in a Fox News interview on August 14 that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve. U.S. Bitcoin Reserve Won’t Be Bought, Scott Bessent Says Speaking with Fox News reporter Maria Bartiromo on Thursday, Bessent revealed that while the U.S. has its eyes on…