Circle, the issuer of the USDC stablecoin, is contesting a criminal case in Wisconsin accusing it of failing to return 381,235 stolen USDC tokens to local authorities. The dispute arose after a scam victim's tokens were frozen by court order, but Circle argued it cannot invalidate and reissue tokens once they leave its control. The case highlights challenges law enforcement faces with cryptocurrency's anonymity and the technical limits of token recovery. Circle maintains it only freezes tokens when legally required and is working with federal prosecutors to compensate victims.
Tether’s USDT stablecoin supply has decreased by about $4 billion over the past 60 days, including an $870 million drop in the last 11 days, according to Cryptoquant data. This decline suggests that some investors are moving out of crypto into fiat c...
Ethereum's transaction volume is at an all-time high, but average gas fees have plummeted to near zero, reducing the network's fee revenue. This is due to successful scaling upgrades like Dencun and the upcoming Fusaka, which lower costs by shifting ...
Russia has introduced a regulatory framework allowing Bitcoin, Ethereum, and USDT for cross-border transactions, while excluding XRP from the approved list. This move, managed by the Bank of Russia, permits these digital currencies under licensed con...
Russia's central bank has approved Bitcoin, Ethereum, and Tether's USDT for retail trading on domestic exchanges under a new licensed crypto market regime. This regime includes rules like using approved intermediaries, passing risk tests, and a 300,0...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin falling 1.2% to $63,501 and Ethereum down 0.6% to $1,862.56. Binance Coin rises 1.4% to $609.39, while other altcoins show varied performance, reflecting ongoing market volatility. Thes...
