Moody’s Analytics Unveils AI-Powered Service to Predict Stablecoin Depeggings

Binance and Circle,Once Bitter Rivals, Join Hands To Boost Global USDC Adoption

Circle and Binance have revealed their strategic partnership during Abu Dhabi Finance Week to promote USDC, a stablecoin jointly owned by Circle and Coinbase.

Armed Crypto Robbery of $250K from Ukrainian National in Thailand Leads to Suspects’ Arrest

In Thailand, armed robbers forced a Ukrainian man to transfer $250,000 in USDT under threat. They restrained him and warned against reporting the crime before fleeing. Thai police soon arrested four suspects, including a regular USDT buyer from the victim.

Four Young Foreigners Behind $250,000 USD Crypto Robbery in Phuket Hotel Arrested

Four foreign nationals were arrested in Thailand for a robbery on 8 November, where they forced a Ukrainian tourist, Viacheslav Leibov, to transfer 250,000 USD in cryptocurrency. The suspects, who had prior connections to the victim, were charged with armed robbery, unlawful detention, and coercion.

Woman loses $12,000 to Social Media crypto scam, Hong Kong Relooks Its Crypto Regulation

Hong Kong authorities are investigating a cryptocurrency scam in which a 26-year-old woman reported losing approximately HK$93,000 ($12,000) in tether (USDT) at an exchange shop in Mong Kok.

WSJ Links Tether to Terrorist Groups and Arm Dealings; Tether Dismiss It As Old News!

Tether is biting back on The Wall Street Journal for speculating that the company is under investigation by the U.S federal government.

$20 Million Vanishes from US Government Crypto Wallet: What We Know So Far

Over $20 million in cryptocurrency, linked to the 2016 Bitfinex hack and stored in a US government wallet, has been suspiciously transferred, raising concerns of a potential theft. Blockchain analysts are investigating the sudden movement, which includes funds like Ethereum and stablecoins, possibly tied to a hacker.

Binance works with Indian police to expose the $100,000 renewable energy scam ring

Binance and Delhi Police have successfully dismantled a $100,000 scam that duped investors with false claims linked to a fake solar company.

Radiant Capital Freezes Lending Following Over $50M Breach on BSC and ARB Chains, Marking Second Hack in 2024

Radiant Capital, a DeFi lending platform, was hit by a cyberattack, losing over $50 million in USDC, WBNB, and ETH on BSC and Arbitrum. Hackers took control of its Pool Provider contract, redirecting ownership to a malicious contract. Radiant has halted lending and urged users to revoke smart contract permissions.

Nigerian Authorities Recover $100,000 from Two Cryptocurrency Firms for Unlicensed USDT Conversions

Nigerian authorities are cracking down on unlicensed cryptocurrency firms, securing nearly $100,000 from Paparaxy Global Ventures and Lemskin Technologies for unauthorized USDT transactions. The Economic and Financial Crimes Commission has revealed that both companies entered a plea agreement, highlighting the government's commitment to regulating the cryptocurrency market and combating illegal activities.

Paxos Rolls Out New Stablecoin Payment Platform with Stripe as First Client: A Turning Point for Stablecoin Adoption?

Stripe's Pay with Crypto is the first to use Paxos' new stablecoin payments platform, enabling instant conversions between various stablecoins. Will this launch boost stablecoin adoption in the payments industry?

Moody’s rates OpenEden’s tokenized fund ‘A-bf’

OpenEden’s TBILL received an “A-bf” rating from Moody’s on June 19 as more Treasuries began to come online.

Moody's Rates Historic Tokenized Singapore-Dollar Fund: Blockchain and Bonds Unite

Moody's rates the first tokenized SGD Delta Fund, a Singapore-dollar government bond fund, signaling a pivotal merge of blockchain and traditional finance. Despite AAA assets, Moody's assigns AA, emphasizing potential risks. SC Ventures' Libeara platform drives this integration, reflecting the financial sector's growing interest in blockchain. The convergence offers investors a unique blend of government bond security and blockchain advantages.

Moody's Analyst: Ethereum will benefit greatly from the rapid development of RWA

Moody's Cristiano Ventricelli says Ethereum is set to benefit greatly from the steadily increasing pace of tokenization of real-world assets.

Aave's Positive Momentum Detected by Santiment Analytics

Aave's bullish trends detected by Santiment, with increased wallet holdings and favorable RSI readings.

Failure to advance crypto legislation could make the US less attractive, Moody's analysts say

Without bipartisanship on how to regulate crypto, the U.S. will be “less attractive for both firms and investors,” according to a report from Moody’s Investors Service. Democrats and Republicans have been working on two legislative efforts to regulate stablecoins, and another that would create a pathway for a digital token to go from being treated as a security to a commodity. 

Why Did USDC Depeg? Circle CEO Gives the Inside Story

Jeremy Allaire detected irony in how his crypto company needed to be rescued from the banking system this week. 

[Feature] Circle’s USDC Depegging: Aren’t Stablecoins Supposed to be Stable?

Stablecoins are designed to maintain a stable value relative to a traditional currency but are still subject to market forces and fluctuations, and can depeg from their target value. USDC depegging over the weekend is an example.

Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says