Tether execs face criminal probe over bank fraud: report

Tether execs face criminal probe over bank fraud: report

Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.

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Ethereum co-founder Anthony Di Iorio bids adieu to crypto

Ethereum co-founder Anthony Di Iorio bids adieu to crypto

Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.

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Bitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins

Bitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins

Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.

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Cryptocurrency startup Circle to go public in $4.5B SPAC deal

Cryptocurrency startup Circle to go public in $4.5B SPAC deal

Circle, a cryptocurrency infrastructure company that claims to allow “businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications,”

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UK Financial Conduct Authority imposes ban on Binance Markets

UK Financial Conduct Authority imposes ban on Binance Markets

This past weekend, the U.K. Financial Conduct Authority (FCA) said Binance Markets Limited, the U.K. division of cryptocurrency exchange Binance, was “not permitted to undertake any regulated activity in the U.K.”

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Iron titanium token falls to near zero amid panic-induced selling

Iron titanium token falls to near zero amid panic-induced selling

The value of the iron titanium token, the share token of a decentralized finance protocol, fell from $60 to near zero in a day. The token was part of an algorithmic stablecoin project called Iron Finance.

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Goldman Sachs expands crypto foray beyond Bitcoin with plans to offer Ether options

Goldman Sachs expands crypto foray beyond Bitcoin with plans to offer Ether options

Three months after relaunching its cryptocurrency trading desk, Goldman Sachs is expanding its cryptocurrency reach beyond Bitcoin and into Ether.

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ICYMI: State Street sets up crypto-focused business unit

ICYMI: State Street sets up crypto-focused business unit

State Street is launching a new business unit called State Street Digital, covering cryptocurrency, central bank digital currency, blockchain, and tokenization.

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Startup retirement provider ForUsAll to launch crypto-linked ‘Alt 401(k)’

Startup retirement provider ForUsAll to launch crypto-linked ‘Alt 401(k)’

Starting in July, some retirement savers will have the option to put some of their funds in crypto. Startup 401(k) provider ForUsAll, which works with small businesses, is partnering with cryptocurrency exchange Coinbase to allow users to allocate up to 5% of their holdings in cryptocurrencies.

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Square is considering creating a non-custodial hardware wallet for bitcoin

Square is considering creating a non-custodial hardware wallet for bitcoin

At a bitcoin conference in Miami last week, Square CEO Jack Dorsey said the company was considering creating a non-custodial hardware wallet for bitcoin, a move Dorsey said could help “take it to the next level and get to 100 more million people.”

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PayPal and Venmo users will soon be able to send crypto to each other and to external wallets

PayPal and Venmo users will soon be able to send crypto to each other and to external wallets

PayPal’s head of blockchain and crypto, Jose Fernandez da Ponte, announced that Paypal and Venmo users will be able to send bitcoin and other cryptocurrencies to one another and to other apps.

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HSBC says it won’t offer clients bitcoin, citing volatility and a lack of transparency

HSBC says it won’t offer clients bitcoin, citing volatility and a lack of transparency

HSBC, a global bank with nearly $3T in assets, has decided not to offer bitcoin-related products and services to clients, bucking the trend of other large banks and traditional financial companies that are warming to digital assets, including JPMorgan Chase and Wells Fargo.

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Bitcoin value drops to lowest price since February, with ripple effect on other coins

Bitcoin value drops to lowest price since February, with ripple effect on other coins

Bitcoin hasn’t been declared dead, but a decline in value is causing some pullback among investors and affecting the value of other digital currencies such as ether, dogecoin, and XRP.

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MoneyGram lets customers buy and sell crypto at 12,000 storefronts in the US

MoneyGram lets customers buy and sell crypto at 12,000 storefronts in the US

Global money-transfer provider MoneyGram is letting customers buy and sell bitcoin at MoneyGram physical store locations thanks to a partnership with cryptocurrency exchange Coinme.

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PayPal reports strongest quarter in history, buoyed by crypto buying and selling

PayPal reports strongest quarter in history, buoyed by crypto buying and selling

PayPal, in its first quarter 2021 earnings report, said it processed $285B in payments – a 50% bump year-over-year – and added 14.5 million net new active customers.

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