Stablecoin issuer Tether said it has frozen $344 million in stablecoins linked to illegal activity. The company announced the freeze Thursday (April 23), saying it came following information shared by U.S. authorities about activity connected to unlawful actions. “When wallets are identified as connected to...
Explore more conversations like this From the Block. What would Charles Cascarilla’s 2015 self make of where digital assets landed in 2026? It’s the kind of question that hangs over a conversation like the one PYMNTS CEO Karen Webster and Citi’s Ryan Rugg hosted on...
Four banking associations are looking to pause the rulemaking process for the GENIUS Act until one of the relevant final rules has been issued. The American Bankers Association (ABA), Bank Policy Institute (BPI), Consumer Bankers Association(CBA) and Independent Community Bankers of America (ICBA) made this request in a Tuesday (April 21) joint letter addressed to the Treasury...
Coinbase says it has begun listing new fiat-backed stablecoin tGBP. The listing, announced Wednesday (April 22), comes amid what the cryptocurrency exchange describes as a pivotal moment for these digital assets. “Stablecoins are having their ‘iPhone moment,’“ Coinbase wrote on its blog. “They are no...
Explore more conversations like this From the Block. For the crypto sector, big enough operational crises can be viewed as industry-wide reputational crises. And by any measure, the April 18 exploit of the Kelp DAO decentralized finance (DeFi) platform, which saw roughly $292 million siphoned from...
Kalshi plans to expand beyond prediction markets and enter the crypto market by adding perpetual futures on bitcoin and other crypto tokens in the United States, The Information reported Tuesday (April 21), citing unnamed sources. Crypto perpetuals, which are futures contracts that enable leveraged bets on crypto prices...
DoorDash will begin offering stablecoin payments for its delivery workers and merchants. It’s part of a series of partnerships announced Tuesday (April 21) by the payments-centric blockchain Tempo, which said companies including DoorDash, Coastal Bank, Latin America-focused fintech ARQ and Tempo parent Stripe are either...
Cryptocurrency adoption in the U.S. is reportedly enjoying a cautious recovery. That’s according to a report Monday (April 20) by CoinDesk, citing a survey by Deutsche Bank showing that U.S. participation rose among retail users from 7% to 12% between February and March. Adoption has...
JPMorgan Chase and Citigroup are intensifying their long-standing rivalry by shifting global payment flows to blockchain-based systems. A report Monday (April 20) from Bloomberg News examines the diverging strategies of the two banking giants, getting insights from a pair of their executives: Umar Farooq, global co-head of JPMorgan Payments, and Shahmir...