BitcoinEthereumNews·
The post Wisconsin Prosecutors Charge Circle Over Refusal to Seize Stolen USDC appeared on BitcoinEthereumNews.com. Circle faces Wisconsin legal pressure over a warrant tied to a stolen USDC recovery case. Wisconsin prosecutors say crypto scams are straining law enforcement recovery tools. Singapore police used exchanges and blockchain tools to stop over $2.9M in scam losses. Circle is facing legal pressure in Wisconsin after prosecutors accused the crypto firm of refusing to follow a warrant tied to stolen USDC. The dispute comes as authorities report rising difficulty recovering funds moved through cryptocurrency scams. According to a report, authorities in two states said Circle had not followed court orders aimed at returning stolen assets. The Wisconsin case has drawn attention because prosecutors filed a criminal complaint against the company. The complaint includes one misdemeanor count. Karen Greenway, a former FBI agent and financial crime expert, said such a charge against
Read full articleEthena's fee removal for USDe minting may boost institutional adoption but highlights DeFi's shift towards regulatory compliance. The post Ethena enables free minting and redemption of USDe with USDC appeared first on Crypto Briefing.
The escalating US-Iran tensions could lead to increased crypto market volatility and stricter regulatory scrutiny on exchanges globally. The post Iran vows retaliation after Khamenei killing as Bitcoin whipsaws and crypto outflows surge 700% appeared first on Crypto Briefing.
OUSD's struggle to surpass USDT and USDC highlights the challenges new stablecoins face in gaining trust and market dominance amidst fierce competition. The post Cathie Wood says OUSD unlikely to displace USDT and USDC appeared first on Crypto Briefing.
The post Alfa-Bank Prepares Digital Depository Infrastructure for Regulated Crypto Services appeared on BitcoinEthereumNews.com. Key Highlights Alfa-Bank develops digital depository infrastructure as foundation for crypto services. Pilot cryptocurrency trading program launched for qualified institutional investors. Testing phase covers Bitcoin, Ether, Solana, Litecoin, USDT, USDC, and Zcash. Mass-market crypto offerings expected following regulatory approval in Russia. Major competitors Sberbank and T-Bank simultaneously develop similar platforms. Russia’s Alfa-Bank has advanced its cryptocurrency ambitions by establishing plans for a comprehensive digital depository system. The institution has simultaneously initiated controlled cryptocurrency trading pilots via its Alfa-Investments brokerage platform. These developments emerge as Russia’s government finalizes comprehensive regulations governing digital asset operations. Digital Depository Framework Forms Foundation of Crypto Strategy
The case could redefine stablecoin issuer responsibilities, impacting regulatory frameworks and court authority over digital asset recovery. The post Circle faces criminal complaint in Wisconsin over USDC recovery refusal appeared first on Crypto Briefing.
The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared on BitcoinEthereumNews.com. AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable. Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery. ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL. The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses. AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision. JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure. The company’s statement indicated that current li
Binance's shrinking USDC reserves may signal shifting trader preferences and regulatory impacts, affecting market liquidity and stability. The post Binance USDC holdings drop 22% to $4.6B as $1B in stablecoin liquidity exits appeared first on Crypto Briefing.
Kraken's dominance in MiCA-regulated liquidity could reshape competitive dynamics, pressuring smaller exchanges to consolidate or innovate rapidly. The post Kraken leads with $400M in spot liquidity across MiCA exchanges appeared first on Crypto Briefing.
