US Prosecutors Want $84.2 Million From a Bank Tied to Tether

Federal prosecutors are targeting a Montana payments firm and a Caribbean bank accused of moving money without a license.
Source: decrypt.co

Federal prosecutors are targeting a Montana payments firm and a Caribbean bank accused of moving money without a license.
Source: decrypt.co
AI-assisted security campaign focused on the Bitcoin ecosystem, Bitcoin Red Team, said it generated 6,700 findings across 425 projects in its first 55 hours. The campaign labeled 1,029 of them high or critical. The Aug. 6 update measures how much material entered a security triage pipeline, and its effect on software security remains unreported. The…
The published design of Solana’s new institutional settlement program requires the full cash and asset legs of a trade to be available before it can execute the trade. Its atomic transaction can prevent a buyer from paying without receiving the asset, but the program supplies neither the cash nor the financing needed to reach that…
Friday, July 31, was the final trading day for six Bitwise option-income ETFs. Shareholders still holding shares as of Aug. 3 face automatic cash redemption rather than an exchange sale. The Bitwise Funds Trust board voted June 30 to liquidate ICOI, IMRA, IMST, IGME, ICRC, and IETH, according to an SEC prospectus supplement. The products…
The ETF became one of Wall Street’s most powerful distribution tools because it turned market exposure into an easy-to-use and easy-to-understand retail product. Investors could buy an index, a basket of bonds, a commodity thesis, or a tightly packaged theme from the same account they use for blue-chip stocks. This was so convenient that it…