News Explorer — Former Cred Executives Admit to $150 Million Fraud

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May 14, 9:15 am

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Former Cred Executives Admit to $150 Million Fraud

Former Cred Inc. executives pleaded guilty to wire fraud conspiracy, admitting to misleading customers about the company's financial health. Cred filed for bankruptcy in 2020, with customers claiming over $140 million in losses.

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Jul 13, 6:57 pm

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Bolivia Evaluating USDT as a Payment Method, Says Economic Minister: Report

Bolivia is considering including Tether's USDT stablecoin as a payment method as its economy stabilizes. The country, on the FATF grey list, is carefully evaluating crypto assets for regulation. Read Summary

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Jul 13, 4:59 pm

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What's Behind Robinhood Chain's Initial Success? Meme Coins, Not Tokenized Stocks

Robinhood Chain, launched two weeks ago, initially saw meme coins dominating trading volumes despite offering tokenized... Read Summary

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Jul 13, 4:34 pm

Coindesk

Mizuho Warns Investors That Circle's Bank Charter Approval May Not Resolve Stablecoin Challenges

Mizuho believes Circle Internet Group's approval to establish a digital currency bank is positive but may not address un... Read Summary

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Jul 13, 3:22 pm

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Tom Lee's BitMine Boosts Ethereum Holdings Again, Now Above $10 Billion

BitMine Immersion Technologies acquired an additional $49 million worth of ETH, bringing their total holdings to 5,770,0... Read Summary

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Jul 13, 2:09 pm

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Strategy Skips Bitcoin Buy, Raises $467 Million in Share Sale to Boost Cash Reserve

Strategy's cash reserves grew to $3 billion after raising $467 million through common stock issuance, maintaining its st... Read Summary

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Jul 13, 12:56 pm

Coindesk

Robinhood Chain Hits $3.1B Trading Volume, Enters Top Five DEXs: Bernstein

Robinhood's new blockchain, Robinhood Chain, has quickly become a top-five chain for decentralized trading, with $3.1 bi... Read Summary

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Jul 13, 11:53 am

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Bitcoin, Ethereum ETFs Flip Positive After Weeks of Losses

Tyler Warner's daily newsletter, Morning Minute, covers the latest news in the crypto world, including updates on Bitcoi... Read Summary

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Jul 13, 11:20 am

Coindesk

Bitcoin Trades at $63K Amid Risk-off Sentiment Following U.S. and Iran Airstrikes

Bitcoin is currently trading near $63,000, influenced by risk-off sentiment after U.S. and Iran mutual airstrikes. Brent... Read Summary

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Jul 13, 10:43 am

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Chinese Prosecutors Push to Consider Coin Mixer Use as Criminal Intent in Laundering Cases

A recent article in China's top prosecutors' office newspaper outlines a framework for prosecuting crypto money launderi... Read Summary

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Jul 10, 3:26 pm

Coindesk

Hyundai Implements Avalanche Stablecoin-Based Remittance System

Hyundai, the world's third-largest carmaker, has implemented a stablecoin-based remittance system on the Avalanche block... Read Summary

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Jul 10, 2:54 pm

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Stablecoin Giant Circle Secures Final Federal Bank Charter Nod

Circle has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust... Read Summary

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Jul 10, 1:52 pm

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Standard Chartered Says Strategy's Bitcoin Sales Are a Short-Term Distraction for BTC Investors

Standard Chartered's note highlights Strategy's shift from hoarding to selling Bitcoin to pay dividends, causing uncerta... Read Summary

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Jul 10, 12:29 pm

Coindesk

'Internet Court' Protocol Resolves Disputes Between AI Agents for Seamless Transactions

The "Internet Court," established by a group of crypto and Web3 firms, aims to resolve disputes between AI agents in age... Read Summary

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Jul 10, 12:12 pm

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Robinhood Chain Sees Rapid Surge in Trading Volume and User Engagement

Robinhood Chain, launched a week ago, has quickly become one of the busiest networks in crypto, processing millions in t... Read Summary

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Jul 10, 11:52 am

www.circle.com

Circle Gets OCC Approval for National Trust Bank

Circle Internet Group, Inc. has obtained final approval from the OCC to establish a national trust bank, Circle National... Read Summary

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