Visa survey says nearly half of APAC consumers open to using stablecoins by 2031
Visa’s survey of 14,250 people found interest in stablecoin payments is growing, though only 6% of respondents correctly understood how they work.
U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi’s as swaps that require the agency’s oversight.
US plans to seize $1B in crypto linked to Iran this week: Scott Bessent
The Treasury Department has announced several digital asset seizures related to sanctions on Iran as part of US sanctions.US Treasury Secretary Scott Bessent said that the country was “probably gonna seize a billion dollars of crypto this week” as part of its crackdowns on Iran.Speaking at the Newsmax Policy Summit on Thursday, Bessent said the…
New York permanently bars Celsius founder Mashinsky in $35M fraud settlement
The agreement resolves a 2023 civil fraud lawsuit against the Celsius founder and permanently bars him from the cryptocurrency, securities and commodities industries.Former Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in…
THORChain exec accuses Tether of temporarily freezing USDT vaults
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation. THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing…
Robinhood Chain considers technology that gives paying traders priority
Arbitrum recently replaced its Timeboost transaction-ordering system with a new model called Priority Gas Auctions.
HSBC, Ant Digital test AI-agent payments using tokenized deposits
The technical trial showed how AI agents could discover services and make micropayments using HSBC’s tokenized deposits, with real-time settlement and risk checks.British banking giant HSBC and Ant Digital Technologies have tested a system that lets AI agents access digital services and make micropayments using tokenized bank deposits, with transactions settled in real time on…
Ledger investigates fund losses linked to Southeast Asian reseller, warns users
Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts.Hardware wallet maker Ledger is investigating reports of cryptocurrency losses involving devices purchased from a Southeast Asian reseller, warning affected customers to consider moving their assets to new wallets while the…
Blockchain.com pursues CFTC approval for prediction markets: CNBC
The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.Blockchain.com has reportedly applied to the US Commodity Futures Trading Commission (CFTC) for approval of prediction market offerings and crypto derivatives. CNBC reported Friday that the exchange filed for two licenses with the CFTC for event…
Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold
Wealthy investors are embracing crypto faster than their advisers, while OKX attracts new funding and Strategy shifts more capital toward preferred stock buybacks.Affluent investors appear increasingly comfortable with crypto, even if their financial advisers aren’t keeping pace. A new CoinShares survey found that a majority of wealthy investors across seven major economies already own digital…
