Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
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Descending channel pattern and weak futures data continue to constrain Ethereum price
Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern's $2,870 resistance.Ether/USD price at FTX. Source: TradingViewFederal Reserve monetary policy continues to be a major…

Bitcoin miner profits drop as halving, power costs weigh — JPMorgan
BTC miners are struggling to adapt to a post-halving environment.

Crypto skeptic Brad Sherman: federal financial regulators ‘sound like Sam Bankman-Fried’
The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes. 639 Total views 4 Total shares California Representative Brad Sherman, who repeatedly called for a ban on U.S. residents buying crypto, accused leaders at several financial agencies of parroting…

Maple Leaf Capital: Recent Bitfinex IEO Ampleforth Token is Not Stable
Cryptocurrency investment firm Maple Leaf Capital called ampleforth (AMPL), the token recently released in the first Bitfinex’s Initial Exchange Offering, “anything but stable” in a series of tweets published on June 27.While Ampleforth reportedly raised $4.9 million in 11 seconds in a Tokenex earlier in June, Maple Leaf Capital has said that the AMPL token’s…

CBDCs require governments to put a special focus on security
Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions.As crypto adoption…

OCC works to win back House Democrats, still miffed at leader’s focus on crypto
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. 2192 Total views 15 Total shares The U.S. Treasury's Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs.Per a Thursday announcement…

Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they have projected a significant upside from the current levels. The analysts cited the rising share of all stablecoins in the total crypto market for their bullish outlook.Unperturbed by the current fall,…

SushiSwap’s liquidity grab actually made Uniswap stronger — Data shows
SushiSwap is widely thought to have syphoned liquidity from Uniswap but new data from Flipside Crypto, a cryptocurrency on-chain analytics resource, suggests that the decentralized exchange’s launch mechanism actually benefited Uniswap by bringing new money into its liquidity pools.On Aug. 28, SushiSwap announced that it would launch its own decentralized exchange and many in the…