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Tether, the world’s largest stablecoin issuer, has reportedly initiated engagement with a “Big Four accounting firm” to audit the reserves of its fiat-pegged token. Paolo Ardoino, Tether’s CEO, shared this update with Reuters as the circulating supply of USDT currently stands at 143.46 billion. Tether Listens toTrump’s ASAP Stablecoin Mandate in Pursuit of Big Four … Read more
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on … Read more
A crypto market maker admitted to years of fake trading, using custom software to inflate token prices and volumes in a massive scheme to mislead investors. Wash Trading Empire Crushed: DOJ Exposes Years-Long Crypto Volume Scam The U.S. Department of Justice (DOJ) announced on March 21 that Gotbit Consulting LLC and its founder Aleksei Andriunin … Read more
Tether, the largest stablecoin company in the cryptocurrency space, has become one of the largest buyers of U.S. treasuries as a way of backing the value of the over 140 billion USDT issued. According to data posted by Tether CEO Paolo Ardoino, the company purchased over $33 billion in treasuries in 2024, only falling behind … Read more
DOJ asks victims to claim $7 million recovered from a global crypto scam that used fake platforms, shell companies, and coercion to drain investor funds. Feds Recover $7M—Now DOJ Urges Victims to Claim Share of Recovered Funds The U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency … Read more
A federal court has ordered the recovery of over $2.3 million after a fraudulent digital asset scheme tricked investors with fake trading accounts and stole their funds. Fake Trading Platform Busted: Court Orders Fraudsters to Repay Victims A federal court has ordered the recovery of nearly $2.3 million for victims of a fraudulent digital asset … Read more
U.S. lawmakers are demanding answers from the SEC after the agency excluded meme coins from oversight, as scams soar and President Trump and the First Lady launch their own tokens. SEC Challenged Over Meme Coin Guidance as Lawmakers Demand Transparency on Political Ties U.S. Senator Elizabeth Warren (D-MA) and U.S. Representative Jake Auchincloss (D-MA) formally … Read more
The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital Dollar Project States U.S. Currency Must Modernize to Preserve Its Status The Digital Dollar Project, a non-neutral, non-profit forum … Read more
Wood called for possible meme coin investors to be aware of the dangers of supporting these assets, stating that most will not be worth much. Nonetheless, some will become digital collectibles, like TRUMP. Ark’s Investment Cathie Wood States Most Meme Coins Will Be Worthless Meme coins, one of the latest verticals in the cryptocurrency market, … Read more
The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments. Sanctions on Tornado Cash Lifted Following Policy Review The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’s … Read more