Digital asset custody provider Cobo will permanently shut down its consumer-facing wallet app on December 1, 2026, giving existing users until the end of November to withdraw their cryptocurrency. Users who leave assets in their accounts after the deadline will face a monthly management fee of 2% of their remaining
Polygon Labs has added TRON support to its Open Money Stack, allowing businesses to build payment products around USDT on TRON and connect those transactions with bank accounts, cards, cash and other blockchain networks. Polygon announced the integration on October 8, saying businesses can now run a full stablecoin payment
OKX has launched OKX Money, a standalone app that lets users save, send, and spend dollar-backed stablecoins. Significantly, it includes USDG, USDC, and USDT. The app supports over 50 funding currencies and virtual and physical cards for everyday payments. Besides, this offers up to 10% APY on eligible USDG balances
The Senate of the United States is now investigating Tether’s USDT in relation to crypto dealings that have connections to Iran. This investigation was led by Senator Richard Blumenthal through the Senate Permanent Subcommittee on Investigations. The Senate analyzed transactions involving 846 crypto wallets that it had sanctioned or considered
Bitget has begun the phased resumption of withdrawals following the security incident identified on September 24. The first of its kind in the eight years of operation of the exchange. BTC withdrawals on the Bitcoin and BSC networks went live at 08:00 UTC on September 28, with 9,585 orders. 4,098.036
Russian cryptocurrency investors will have to “bear the losses” if foreign stablecoin issuers freeze their assets for reasons outside the control of Russian digital asset depositories, Deputy Finance Minister Ivan Chebeskov said as the country moves ahead with its new crypto market framework. The warning mainly concerns foreign-issued stablecoins such
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
