AI-powered summaries of the day's top crypto events
Federal prosecutors in Manhattan and the Justice Department are investigating Binance for allegedly allowing users to bypass U.S. sanctions on Iran. This probe follows previous compliance issues and raises questions about the exchange's adherence to international regulations.
The malicious iPhone app Fomopeek, available on Apple's App Store, has been linked to the theft of nearly $580,000 in USDT. Blockchain security firm SlowMist identified the app as responsible for exposing private keys and stealing assets from users who installed certain versions.
Binance has purchased a $100 million stake in Circle, expanding their partnership to promote USDC over a five-year period. The deal includes monthly incentives tied to USDC holdings, highlighting Binance's strategic move to strengthen its position in the stablecoin market.
Canada's 'Big Six' banks are set to initiate a tokenized deposit project, focusing initially on digital commercial deposits across participating institutions. This move aims to integrate digital assets into the broader financial ecosystem, potentially transforming traditional banking operations.
SoFi has begun settling transactions using its SoFiUSD stablecoin on the Mastercard network, with the program projected to exceed $25 billion in annualized volume. This development marks a significant step in integrating stablecoins into mainstream payment systems.