Tether Billionaire Christopher Harborne Enters UK’s Richest People List

The post Stablecoin Market Cap Tops $323.3 Billion as Weekly Inflows Log $1.5 Billion – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Tether added $68.2M as USDT held 58.67% of the $323.3B stablecoin market. Sky’s USDS jumped 11.5% to $8.79B, closing in on the $10B milestone. Western Union’s USDPT spiked 597,568%, though its market cap remains just $1.5M. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force in the stablecoin sector by a wide margin, holding a market capitalization of $189.7 billion this weekend after adding $68.2 million since May 9. Circle’s USDC moved in the opposite direction this past week, shedding 1.22% of its market capitalization, or slightly more than $950 million. USDC’s market cap stands today at $77.068 billion, a 1.98% decline since April 16. Sky’s USDS posted one of the week’s strongest performances as the third-largest stablecoin expanded by 11.50%, drawing in roughly $

The stablecoin sector climbed to a fresh zenith of $323.343 billion during the last seven days as $1.542 billion entered the market. Tether posted a modest 0.04% gain while maintaining market dominance near 58.67%. Tether Commands 58.67% of Stablecoin Market; Western Union USDPT Rises 597,568% Tether’s USDT remains the dominant force in the stablecoin sector […]

A Jerusalem family that lost relatives in a 1997 Hamas suicide bombing is among the plaintiffs pushing a US federal court to order Tether to hand over hundreds of millions in frozen digital currency. The case, filed in Manhattan, could set a significant legal precedent for how courts treat centralized stablecoin issuers. Related Reading: Crypto […]

Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Victoria Laffey, head of operations at Revolut Trading, said the new permissions are “the missing piece allowing us to unite investment, advisory…

The post US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt appeared on BitcoinEthereumNews.com. Law firm Gerstein Harrow LLP filed a new motion on Thursday in a miscellaneous enforcement lawsuit, asking the court to compel stablecoin company Tether to hand over more than $344 million in frozen USDt linked to Iranian entities. The motion claims that the plaintiffs are owed more than $532 million in compensatory damages and more than $1.8 billion in punitive damages from acts of “terrorism committed or sponsored by Iran,” stretching back more than 25 years.  The latest filing is part of a broader lawsuit against North Korea (DPRK) and Iran, attempting to claim and redistribute digital assets as compensation for victims of various and unrelated judgments tied to state-sponsored violence, drawing criticism from the crypto community. The motion to claim $344 million in frozen stablecoins linked to Iranian entities. Source: PACER In May, the law firm filed a restra

The post Market Crash Fears Rise as UK 30-Year Bond Yield Surges appeared on BitcoinEthereumNews.com. Bitcoin fell below $80K as rising bond yields and equities trigger risk-off moves. UK 30-year yields hit 5.85%, signaling global sovereign debt market stress concerns. US equities lost $1T while Bitcoin and crypto markets followed the broad selloff trend. Bitcoin slid below $80,000 as investors reacted to rising global bond yields and another sharp selloff across US equities. Market analysts warned that stress in sovereign debt markets could trigger wider financial instability. Consequently, traders rushed toward defensive positioning while risk assets lost momentum across major exchanges. Data shared by The Kobeissi Letter showed that the UK’s 30-year government bond yield climbed to 5.85%. That marks its highest level since March 1998.  Besides, long-term borrowing costs also surged across several developed economies. Investors now fear that stubborn inflation could force central ban

A parliamentary ethics probe is now underway and focused on Nigel Farage, leader of the UK’s Reform Party, after reports surfaced that the government official bought a $1.8 million property weeks prior to entering office — a purchase made possible, at least in part, by a $6.7 million personal gift from a crypto billionaire. Related […]

The post British Pound Slides As UK Political Turmoil And Iran Tensions Boost Dollar Demand appeared on BitcoinEthereumNews.com. British Pound Slides As UK Political Turmoil And Iran Tensions Boost Dollar Demand Skip to content Home Forex News British Pound Slides as UK Political Turmoil and Iran Tensions Boost Dollar Demand Source: https://bitcoinworld.co.in/british-pound-slides-uk-turmoil-iran-tensions-dollar-demand/