CryptoNews

Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

September 30, 2024
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims. According to the stablecoin issuer, it has also redistributed funds to…
Read more
CryptoNews

Paypal Rolls Out Crypto Features for Business Accounts

September 27, 2024
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in…
CryptoNews

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

September 27, 2024
Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about the stock market and broader efforts to stabilize the economy and reduce inflation. Turkey Halts…
Read more
CryptoNews

Congressman Blasts SEC Chair Over Crypto Regulation Failures

September 25, 2024
Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and no one in your leadership here in D.C. has been held accountable,” the lawmaker stressed. Tom Emmer Criticizes SEC Chairman…
Read more
CryptoNews

Louisiana Announces Crypto Payment Options for State Services

September 20, 2024
The U.S. state of Louisiana has announced that residents can now use bitcoin, bitcoin lightning, and USD Coin to pay for state services through private, secure crypto wallets. “By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing our citizens with flexibility and freedom in interacting with state services,” said Louisiana’s State…
Read more