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Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals. On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer … Read more
A senior Russian finance official has called for the development of a national stablecoin following the US government’s freeze of wallets linked to the sanctioned crypto exchange Garantex. The move, which also involved stablecoin issuer Tether, has sparked renewed concerns in Moscow over the vulnerability of relying on foreign-backed digital assets. The push for a … Read more
Talk about a rough wake-up call for crypto traders. In the early hours of April 15, Amazon Web Services (AWS) suffered a network hiccup at one of its Tokyo data centers, and the ripple effect was instant. The AWS crypto outage raised questions about the reliability centralized exchanges, but first let’s start with actually happened. … Read more
According to an investigation by MailOnline, UK authorities have frozen approximately £6 million ($7.7 million) in crypto since new enforcement powers came into effect last year. The measures, introduced in April 2024, allow police, law enforcement agencies, and HMRC to freeze suspicious cryptocurrency wallets for up to three years. Court documents reviewed over the past … Read more
The Trump administration has frozen applications for three Biden-era migrant parole programs, including for Ukrainians and migrants from Latin America, as it continues to crack down on what conservatives say was an abuse of parole by the prior administration. The Department of Homeland Security (DHS) has implemented an agency wide administrative pause on all pending … Read more
The Department of Transportation (DOT) has paused funding for a $5 billion EV charging infrastructure program that Tesla has received at least $31 million from. The move is widely viewed to be illegal. It’s the latest attempt from the Trump administration to hack away at federally funded renewable energy projects around the country, a clear … Read more
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