Stablecoin regulations diverge globally, impacting USDT and USDC adoption in 2023
Stablecoin regulations vary globally, with USDT and USDC facing divergent policies. In 2023, stablecoin transactions exceeded $7 trillion, highlighting their market significance.
Trump weighs lawsuit against Powell as Fed holds rates at 5.5%
Donald Trump considers legal action against Fed Chair Jerome Powell as rate-cut debates intensify; inflation hits 3.2%, S&P 500 reacts.
Patrick Witt named Trump’s crypto adviser as Bitcoin gains 15% in 2024
Patrick Witt, Trump’s new crypto adviser, previously led the Student Loan Marketing Association. Bitcoin surged 15% post-announcement. Witt advises on blockchain policy with Coinbase and Ripple.
Kazakhstan shuts $16.5M illegal power scheme for Bitcoin and Ethereum miners
Kazakhstan authorities uncovered a $16.5M illegal power scheme involving crypto miners. The operation targeted Bitcoin and Ethereum mining farms consuming 2MW of electricity.
Bithumb enforces 80% crypto loan reduction for BTC and ETH traders
Bithumb reduced crypto loan limits by 80%, affecting BTC and ETH traders. The exchange handles $1.2B daily volume amid tightening regulations.
Fenwick and West law firm sued over alleged role in FTX’s multibillion-dollar theft
Fenwick and West faces lawsuit for aiding FTX in $8B fraud case, filed March 2023, alongside ex-CEO Sam Bankman-Fried.
T3 Financial Crime Unit freezes $250M in assets with Binance joining T3+ program
T3 Financial Crime Unit launched T3+ with Binance as first member, freezing over $250M in assets. The program targets global financial crime collaboration.
FTX investors sue Sullivan & Cromwell over 2022 exchange collapse fraud
FTX investors sued Sullivan & Cromwell, alleging the law firm enabled fraud; FTX collapsed in 2022 with $8 billion in missing client funds.
SEC targets clear crypto regulations post-Ripple case by 2024
SEC plans clearer crypto regulations post-Ripple case, says Paul Atkins. XRP rose 5% post-ruling. Bitcoin and Ethereum await regulatory clarity by 2024.
Texas utility regulator blocks crypto mining data release over terrorism concerns
Texas utility regulator sues Attorney General to withhold crypto mining data, citing terrorism risks. Bitcoin miners like Riot Platforms and Core Scientific operate in Texas, consuming 2.3 GW.
