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Meet Midas: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries
10.11.2023
The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as "institutional partners."
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
1.11.2023
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus reserves supporting the company’s tokens...
US Treasury Deputy Secretary: Crypto Not Major Source of Funding for Terrorists
30.10.2023
U.S. Treasury Deputy Secretary Wally Adeyemo says crypto is not the vast majority of the ways terrorist groups are funded, noting that these organizations “continued to use the traditional banking system.” His statements followed media reports claiming that Hamas raised a large sum...
Tokenized U.S. Treasury Market Grows Nearly 600% to $698M as Crypto's RWA Race Intensifies
30.10.2023
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified
Are Rising Yields Putting the Squeeze on DeFi?
25.10.2023
In this week’s “Crypto Long & Short,” Todd Groth investigates the interplay between TradFi and DeFi yields and why comparisons across markets are often overly simplified apples vs oranges
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...
U.S. Treasury Targets Crypto Mixers in Anti-Money Laundering Move
20.10.2023
The Biden administration has designated crypto "mixers" as primary money-laundering hubs.
In a Thursday notice, United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed requiring domestic financial institutions and agencies to "implement certain recordkeeping...
U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'
19.10.2023
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas
U.S. Treasury Targets Gaza Crypto Business in Sanctions to Squeeze Hamas
18.10.2023
The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza
Supporting 2 Wars Is Feasible Despite US Debt Surge, Says Yellen
16.10.2023
After the United States recently accumulated hundreds of billions in debt and directed over $75 billion to Ukraine, U.S. Treasury Secretary Janet Yellen assured on Monday that the nation is financially equipped to back two wars. U.S. Can ‘Certainly Afford’ 2 Wars Yellen Insists Amid Rising Debt...
Tokenized U.S. Treasuries Arrive on Coinbase’s Base with Backed’s RWA Token Issuance
6.10.2023
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider
U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know
6.10.2023
The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade.
On Tuesday, the OFAC added a new set of crypto wallets to its specially designated nationals (SDN) list, targeting a drug trafficking...
OpenTrade Unveils Tokenized U.S. Treasuries Offering as Tokenization Race Gains Steam
29.9.2023
The tokenized Treasuries market has grown sixfold this year to $668 million, according to rwa.xyz data
US Crypto Exchange Kraken Wins ‘Milestone’ Regulatory Approvals in Europe
28.9.2023
Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with...
Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing
26.9.2023
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly...
Another 2 Binance US Executives Leave Crypto Exchange, Report
16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...
FTX Revises Crypto Asset Sale Proposal Amid U.S. Trustee's Concerns
14.9.2023
In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee.
In response to objections raised by the U.S. Trustee on their previous filings, FTX made significant revisions to their...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Bitcoin, Ethereum Technical Analysis: BTC Slips Below Key Support Point as US Markets Reopen Following Labor Day
5.9.2023
Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin...