A former CCB Asia manager was sentenced to four years in prison after accepting more than $470,000 in Tether bribes. The bribes were linked to false letters of credit and collateral documents with a combined stated value exceeding $1.6 billion A former China Construction Bank (Asia) relationship manager has been
CoinEx is closing its doors, and its founder Haipo Yang announced that the exchange will begin an orderly wind-down, with the platform formally shutting down on December 22, 2026. It is exactly nine years to the day after it launched in 2017. A prolonged crypto market downturn, significant contraction in
A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027. According to the announcement from the institutions on September 1, they intend to form a
GoMining, a platform for tokenized Bitcoin mining, has launched Instant Funds, a new feature that lets eligible holders use digital miners as collateral to access stablecoin liquidity such as USDT or USDC without selling their miners. The feature is now available to eligible users in supported markets after previously being
The Tether group has made efforts in moving beyond stablecoins. They brought institutional real estate tokenization in Saudi Arabia using its Hadron platform. This company has entered into a partnership with First Data and fintech company BKN301. Basically to enable the issuance and administration of tokenized real estate assets for
On July 26, 2026 at 18:17 UTC+9, an abnormal transaction hit the WEMIX ecosystem. The owner authority of WEMIX and the related contract was compromised, giving the attacker the ability to issue WEMIX without authorisation and drain USDC.e from the protocol. The numbers confirmed so far: approximately 5,225,525 WEMIX$ was
Fintech companies have taken an awestruck look at the world of digital assets. Recently, the CEO of Tether, Paolo Ardoino, announced some remarkable figures about the user base of the firm. Currently, USDT is seeing more than 30 million new wallets getting added every quarter. In the third quarter of
The listing of DRV tokens on the biggest crypto exchange in South Korea is going to provide better market accessibility to the Derive protocol by July 14. Upbit confirmed support for KRW, BTC, and USDT trading pairs. This brings the protocol to one of Asia’s most liquid retail cryptocurrency markets.
Revolut is set to phase out USDT support for eligible European clients in line with the European Union’s MiCA regulations. Revolut has informed affected users via email that it will gradually stop supporting USDT in the coming months. Users can keep purchasing USDT until July 6, after which Revolut will
Upbit, South Korea’s largest cryptocurrency exchange platform, announced the listing of Metaplex (MPLX) and Nexus (NEX). MPLX will be available to trade with BTC and USDT trading pairs on the Solana blockchain platform. NEX will be listed in the USDT market on the Ethereum network. Deposits and withdrawals will start
