A cryptocurrency exchange is closing its doors after nearly a decade in business. CoinEx, which has its operating headquarters in the Seychelles, says it is entering an orderly wind-down with all user assets fully backed. Withdrawals opened September 15, 2026, and remain available until 02:00 UTC on December 22, 2026. The platform launched December 22,…
Visa is releasing a new report showing how bank-level protections could significantly boost American interest in using stablecoins to send money abroad. The survey of more than 2,000 US consumers finds that Americans are looking for faster and more affordable ways to send money to family and friends overseas, while still expecting strong security protections….
Cross-border stablecoin transfers are surging nearly 78 percent over the past year even as the broader crypto market experiences a sharp decline. Transfers of the dollar-pegged tokens across borders climbed from $124.2 billion to $220.3 billion in the 12 months through June 2026. Monthly volumes more than doubled from $11 billion in January 2025 to…
California Governor Gavin Newsom signed a bill on Sunday that bans state public officials from launching memecoins. In addition to the ban on state officials, California Assembly Bill 2409 also prohibits crypto service providers from offering California residents the sale of any memecoin launched in association with federal, state or local public officials. That second…
Iran has been leaning on Tether’s dollar-pegged USDT to dodge a U.S. sanctions dragnet and move money for the regime and proxies such as Hezbollah, according to a new Senate Democrats report. The Permanent Subcommittee on Investigations says the token has become a primary payment rail for Tehran and a funding tool for terrorist proxy…
Cardano’s (ADA) recent price surge is running into fresh headwinds from fading trader interest and large-holder exits. Futures open interest for ADA has dropped 9% over the past week, sliding from $1.99 billion to $1.81 billion as traders cut back on leveraged bets, says Ali Charts on X. Whales also appear to be taking profits….
A major billion-dollar bank is executing a live pilot of its proprietary dollar-backed stablecoin on a public blockchain to move funds across borders. U.S. Bank, which is headquartered in Minneapolis, Minnesota, says the transaction was completed on the Stellar network between its North American and European entities. The pilot validates the bank’s Digital Asset Platform,…
JPMorgan Chase is now reviewing whether to launch its own stablecoin. The bank is doing that work on a separate track from a group of 21 banks and financial firms that plan to build a dollar stablecoin for business payments across borders, reports The Wall Street Journal. That group includes Bank of America, Wells Fargo, Citigroup,…
A Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing to block access. The order requires KalshiEx, LLC to maintain geofencing using a state-licensed third-party provider, with violations triggering a $500,000 daily fine. The injunction prohibits offering, facilitating, advertising, or processing any…
Grayscale Research is warning that artificial intelligence may heighten financial surveillance risks on transparent blockchains by improving the ability to link transactions with off-chain data and de-anonymize addresses. This dynamic builds on past waves of privacy concerns tied to technological shifts, including the 1970s digitization of financial records and the 1990s rise of the internet….
