The US Justice Department says a prisoner serving a nine-year sentence for cash laundering conspired to transfer about $290,000 in cryptocurrency in January 2024 after a court docket ordered the belongings forfeited to the United States. The case highlights a possible hole between a court docket’s forfeiture order and the federal government acquiring management of…
Kraken Tether Gold Listing Adds A Commodity-Backed Twist To Crypto Trading Menus is the type of crypto story that appears easy at headline degree however turns into extra helpful when you place it inside the broader market backdrop. Not each exchange itemizing is about high-beta hypothesis. Some are about giving merchants extra methods to specific…
AscendEX shut down on July 1, leaving some prospects not sure whether or not they’ll get better their funds. The change stated in a July 6 notice that it does not maintain authorization beneath the European Union’s Markets in Crypto-Assets framework. It additionally cited monetary and operational pressures, together with a failed strategic transaction anticipated…
Hong Kong crypto platforms have till July 8, 2027, to ditch one-time passwords for consumer logins and machine registration beneath new safety guidelines. By then, licensed digital asset service suppliers and web brokers should use authentication that may resist phishing for consumer logins and the registration or binding of units, in accordance to a July…
Kraken Pro Fee Tier Overhaul Targets High-Volume Traders And Exchange Loyalty is the type of crypto story that appears easy at headline degree however turns into extra helpful when you place it inside the broader market backdrop. Exchange charge modifications can look uninteresting, however they matter as a result of skilled merchants route movement the…
On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to take away guidelines they are saying “unduly impede” fintech companies from working with registered derivatives markets. Phantom presents itself as the software program in the center, somewhat than the custodian. Users retain management of their funds and personal keys, whereas trades are…
Kraken is taking the identical route a number of giant crypto corporations are more and more prepared to take: push again laborious and pressure the SEC to defend its idea intimately. Its movement to dismiss is an element authorized submitting, half sign to the market that the exchange is just not going to simply accept…
A reported Coinbase announcement about a World Cup outcome, possible utilizing AI, created a problem greater than a flawed alert. It confirmed how shortly exchange-run prediction markets can blur the road between tradable outcomes and unverified automated content material inside the identical client app. The episode surfaced on July 5, when a consumer posting as…
Robinhood is pushing deeper into crypto infrastructure with the launch of its personal blockchain community, tokenized shares and decentralized lending merchandise, at the same time as certainly one of its fastest-growing income alternatives could also be forming exterior crypto. On July 1, the brokerage launched the general public mainnet for Robinhood Chain at a London…
The stablecoin market has lengthy rewarded the corporations that situation digital {dollars}. They absorb buyer money, maintain reserves in short-term authorities securities, and earn the yield. Now, the corporations that distribute these tokens need extra of the economics. That stress is at the middle of Open USD (OUSD), a deliberate stablecoin backed by greater than…