Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client. The company will launch Ethena’s USDtb stablecoin in the United States, according to an announcement made on Thursday. Currently, USDtb is issued offshore. Issuing USDtb…
Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail. John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from…
Despite promises from past prime ministers to turn the UK into a crypto hub, the UK is still cautious about regulating the crypto industry. In 2022, then Prime Minister Rishi Sunak promised to amend laws governing the crypto industry in the UK, making them friendlier to blockchain businesses. The rhetoric may have relieved entrepreneurs, but…
The FTX bankruptcy estate has scheduled the next distribution to creditors, using funds no longer classified as disputed claims. The FTX Recovery Trust and debtor FTX Trading on Wednesday announced that the next distribution is expected to start on Sept. 30. They will determine eligible claim holders based on a record date of Aug. 15….
Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe. The European banking…
More than $3.1 billion in crypto has been lost in the first half of 2025 due to issues including smart-contract bugs, access-control vulnerabilities, rug pulls and scams, according to a report from blockchain security auditor Hacken. This figure already exceeds the total of $2.85 billion from all of 2024. While the $1.5 billion Bybit hack…
Hong Kong will start enforcing its Stablecoin Ordinance on Aug. 1, making it illegal to offer or promote unlicensed fiat-referenced stablecoins (FRS) to retail investors. The new law introduces criminal penalties of up to a level five fine of 50,000 Hong Kong dollars (about $6,300) and a maximum sentence of six months imprisonment. The Hong…
An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure…
An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure…
US prosecutors in the criminal case against Tornado Cash co-founder and developer Roman Storm offered testimony from an Internal Revenue Service (IRS) agent as they prepare to rest their case on Thursday. According to reporting from Inner City Press on Wednesday, IRS Criminal Investigation Special Agent Stephan George testified he had reviewed transaction records connected…