Circle, the issuer of stablecoin USDC (USDC), is still planning an initial public offering (IPO), but the company is also in informal talks with Ripple and Coinbase about a sale, according to a report from Fortune. Circle is seeking at least $5 billion, which is its target for the IPO, according to the four banking … Read more
USD/CHF trades 0.5% lower near 0.8330 amid sharp Dollar selling pressure. Moody’s downgraded the US credit rating to ‘AA1’ from ‘AAA’, citing fiscal deterioration. Technical levels show immediate support around 0.8300, with resistance at 0.8380 and 0.8430. The USD/CHF pair is trading 0.5% lower around 0.8330 during North American trading hours on Monday, reflecting a … Read more
The U.S. Justice Department has reportedly initiated a criminal probe into a security incident at Coinbase Global Inc., the nation’s premier cryptocurrency exchange, as disclosed by a Bloomberg source with knowledge of the situation. Intruders corrupted customer support staff and third-party contractors in India, gaining illicit access to sensitive user information. Following the breach, the … Read more
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A recent ruling by an Australian court could change how cryptocurrencies, particularly Bitcoin, are taxed, which could result in billions of dollars in refunds to crypto investors across the country. The landmark judgment came when the Judge handling the criminal case involving stolen Bitcoin declared that the cryptocurrency should be treated as another form of … Read more
Key takeaways: Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable. Bitcoin (BTC) price has displayed strength at the $102,000 support level on May 19, … Read more
U.S. Senator Bill Hagerty recently stated that stablecoin issuers are poised to become the largest holders of U.S. Treasuries globally. This projection is based on the growing requirement for stablecoins to be backed by high-quality, liquid assets, primarily short-term U.S. government debt. Why Stablecoin Issuers Are Turning to U.S. Treasuries Stablecoins, such as Tether (USDT) … Read more
Dominari Holdings Inc., a small investment bank based in Trump Tower, is stockpiling bitcoin as it pivots deeper into crypto, Bloomberg first reported. Investment Bank Tied to Trump Family Deepens Crypto Footprint Dominari Holdings Inc. (Nasdaq: DOMH), a small bank headquartered in New York’s Trump Tower, is increasing its bitcoin ( BTC) holdings while pursuing … Read more
Cardano’s ADA cryptocurrency is currently facing significant volatility, with a recent price decline of 16% drawing attention to a resurfacing controversy. The shadow of the 318 million Cardano [ADA] ‘redemption scandal’ from back in 2021 resurfaced over the weekend, igniting heated debate. However, some of the claims linked the scandal to money laundering, forcing Cardano’s … Read more
Roman Storm’s defense team wants to know if the U.S. Department of Justice is withholding any information that may help the Tornado Cash developer’s case. In a letter filed late Friday, defense attorneys said recent disclosures in another, somewhat similar, case raised concerns that prosecutors either misled the judge overseeing the case or otherwise was … Read more