US Department of Justice Investigating Tether (USDT) Over ‘Possible’ Violations of Sanctions, Anti-Money-Laundering Rules: Report

October 25, 2024 The Daily Hodl

Altcoins

The U.S. Department of Justice has launched an investigation into the stablecoin company Tether, according to a new report. A criminal investigation into the company and its dollar-pegged stablecoin USDT is underway, spearheaded by the U.S. attorney’s office in Manhattan, reports the Wall Street Journal. The DOJ is investigating “possible” violations of sanctions and anti-money-laundering […]

The post US Department of Justice Investigating Tether (USDT) Over ‘Possible’ Violations of Sanctions, Anti-Money-Laundering Rules: Report appeared first on The Daily Hodl.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Indo-Pacific Nations Outpacing the US in Crypto Regulation, SEC Commissioner Says

October 25, 2024 Bitcoin.com

bitcoin.com

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S., where […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance

October 24, 2024 Bitcoin.com

Bill Hagerty

U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries and stablecoins, while his stablecoin legislation aims […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Millions Already Hold This Latam-Based Dollar Pegged Stablecoin

October 21, 2024 Bitcoin.com

bitcoin.com

Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado Libre. “We already have millions of users who have received meli dolar […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

October 20, 2024 Coin Telegraph

Tether’s USDT hits record 0B market cap, flashing ‘Uptober’ signal

Bitcoin Price

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.

Tether’s USDt (USDT), the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.

Tether Tokens in circulation. Source: Tether.to

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Yellow Card Raises $33M to Expand Stablecoin Presence in Africa

October 20, 2024 Bitcoin.com

Africa

Yellow Card, a leading African stablecoin platform, closed a $33 million Series C funding round led by Blockchain Capital. The funding signifies a milestone for Yellow Card and the African fintech industry, highlighting the potential of stablecoins on the continent. This raise brings Yellow Card’s total equity financing to $85 million. Digital Assets Gain Ground […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

October 19, 2024 The Daily Hodl

Altcoins

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Biz: Onchain lending ramps up, driven by institutional activity

October 19, 2024 Coin Telegraph

Coin Telegraph

Institutional demand is driving a significant increase in onchain loans across DeFi protocols.

Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.

In the third quarter of 2024, the company processed over $437 million in digital asset loans to institutions, an increase of 14% from the previous quarter. This growth is part of a wider trend of more institutions exploring digital asset-backed loans due to tighter monetary policies and intense competition for access to dollar funding.

“We saw a very healthy jump in institutional demand in July, which has remained steady since then,” said John Glover, chief investment officer at Ledn. “Institutional borrowing demand has also been fairly consistent with the overall ETF demand, where there was a similar jump in July.”

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Stripe Doubles Down on Stablecoin Market, Reportedly in Advanced Talks to Acquire Bridge for $1 Billion

October 18, 2024 Bitcoin.com

Stripe Doubles Down on Stablecoin Market, Reportedly in Advanced Talks to Acquire Bridge for Billion

bitcoin.com

Payments giant Stripe is in advanced discussions to acquire the San Antonio-based stablecoin platform Bridge for $1 billion, according to reports by Bloomberg and Forbes. Founded by former Coinbase employees Zach Abrams and Sean Yu, Bridge specializes in enabling businesses to create, store, and transact with stablecoins like Tether’s USDT and Circle’s USDC, having raised […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows

October 18, 2024 Bitcoin.com

Crypto Goes Mainstream: Blackrock Boosts North America’s .3T Inflows

Adoption

Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious positions in the crypto space, with U.S. bitcoin exchange-traded products (ETPs) driving […]

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