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A landlord and tenant in Argentina signed the country's first-ever bitcoin-based rental contract. New regulation in Argentina allows bitcoin to be used as a valid currency in contracts. AdvertisementArgentina's and possibly the world's first-ever bitcoin-based rental contract has been signed, according to a report, marking a major milestone for crypto adoption. AdvertisementThe payments will be made via the Fiwind platform, which both parties are active members of, the company told Paginal12. A company spokesperson told Paginal12 that it is the first agreement of its kind, "at least in Argentina."
Persons: , Argentina's, Paginal12, Florencia Feldman, it's, Javier Milei, Argentinians, cryptocurrencies Organizations: Service, SEC Locations: Argentina, Rosario, bitcoin
Justin Tallis | Afp | Getty ImagesThe CEO of Circle, the company behind popular stablecoin USD Coin, sees a strong chance that laws for stablecoin issuers like itself will come through in 2024. The U.S. is yet to pass federal crypto regulation, even as jurisdictions around the world are approving new crypto-focused laws. But Jeremy Allaire, Circle's boss and co-founder, hopes that things will change this year, stating that there is a "very good chance" U.S. lawmakers approve a stablecoin bill. "Stablecoins in particular remain the killer app for blockchain technology," Allaire told CNBC. "It's been a really powerful time for that and we think 2024, with things like the spot ETF and world regulatory clarity, is going to open this up even wider."
Persons: Justin Tallis, Jeremy Allaire, Circle's, Allaire, Crypto, Dante Disparte, Disparte, CNBC's MacKenzie Sigalos Organizations: Afp, Getty, CNBC, Economic, Treasury, Federal, House Financial, U.S . Securities, Exchange Commission, SEC, Allaire Locations: London, U.S, Davos, Switzerland, United States
The public listing is expected to take place once the SEC finishes its review, "subject to market and other conditions," Circle said in the two-paragraph press release Thursday. Founded in 2013, Circle is best known as the issuer of USD Coin, the world's second-biggest U.S. dollar pegged stablecoin, which was launched in 2018. But the SPAC market collapsed in 2022, and Circle ended that agreement in December of that year, just after crypto exchange FTX spiraled into bankruptcy. Coinbase , which took a stake in Circle in August, jumped almost 400% in value in 2023, and other crypto stocks such as MicroStrategy and bitcoin miner Marathon Digital enjoyed hefty rallies. WATCH: SEC approves spot bitcoin ETFs
Persons: USDC, Bitcoin, — CNBC's Rohan Goswami Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Concord, Corp, Marathon Digital
Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.
Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa
SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.
Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra
Six people listed on Israel's previous Tron seizure notices who responded to Reuters questions denied connections to militant groups. Iran has previously used Tron to skirt U.S. sanctions. 'BLINDSPOT'Since its 2008 birth, the Bitcoin blockchain, and since then crypto more widely, have been magnets for criminals drawn by liquidity and a reputation for anonymity. In 2021, the first year NBCTF published seizure notices, it froze 30 Bitcoin wallets. No Bitcoin wallets appear in notices in the subsequent years.
Persons: Dado Ruvic, Mriganka Pattnaik, Merkle, Hayward Wong, Tron, Wong, Israel, NBCTF, Weeks, Justin Sun, Sun, Binbin Deng, Shlomit Wagman, VanEck, Wagman, Tom Wilson, Elizabeth Howcroft, Nidal al, Gebeily, Frank Jack Daniel Our Organizations: REUTERS, Hezbollah, Reuters, Israel's, Bureau for, British Virgin Islands, Dubai Co, Israel, Hamas, Islamic, West Bank, Tron, U.S . Securities, Exchange Commission, SEC, Sun, Force, Harvard University, Authority, Militant, Thomson Locations: Iran, Israel, United States, New York, Britain, Singapore, Gaza, British Virgin, Jihad, Dubai, Venezuela, Jenin, Tehran, Paris, U.S, London, Beirut
A23a, the world's biggest iceberg, is on the move 37 years after it broke off from Antarctica. Scientists will keep a close eye on it as it could threaten wildlife near South Georgia Island. AdvertisementThe world's biggest iceberg, covering about 1,500 square miles, is on the move. NASA WorldviewA23a lost its title of world's biggest iceberg in May 2021, but jumped ahead once again in October 2022, when the previous record-holder, A76, broke into three pieces, per the Guinness World Records website. A gentoo penguin with a newborn chick South Georgia.
Persons: , A23a, Andrew Fleming Organizations: Ocean, Service, BBC, British Antarctic Survey, NASA, Records, Getty Locations: Antarctica, South Georgia, Weddell, Soviet, Georgia
Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.
Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, , General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, , it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, , rulemaking
Milei's dollar plans, however, put pressure on the embattled peso currency, which is held in check by strict capital controls. The official exchange rate is near 350 per dollar, but dollars trade well over twice that in popular parallel markets. Milei said in the run-up to the election he wanted to ditch the peso altogether in favour of the dollar. Milei had also heavily criticised China and Brazil in the runup to the elections, two of Argentina's main trading partners. China said on Tuesday it would be a "serious mistake" if Milei opted to cut ties between the two countries.
Persons: dollarization, Javier Milei, Miel, Milei, Morgan Stanley's, Viktor Szabo, Banks, Banks Grupo Supervielle, Marc Jones, Elizabeth Howcroft, Mayur Kamdar, Karin Strohecker, Bernadette Baum, Emelia Organizations: Argentina, Abrdn, U.S ., Banks Grupo, Banco, Banco BBVA Argentina, Grupo Financiero, Thomson Locations: BUENOS AIRES, MERV, London, Argentina, U.S, Grupo Financiero Galicia, China, Brazil
Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. The move weighed on the rest of the crypto market. Earlier in the day the coin rose as much as 5% with hopeful investors eager to see the multi-year investigation into the world's largest crypto exchange resolved. Cryptocurrencies were slightly lower Tuesday, as investors weighed a batch of regulatory updates from Washington involving some of the biggest names in crypto: Binance, Kraken and Tether. Investors were all weighing news from another major crypto exchange: Kraken.
Persons: Zhao, Palazzo Brancaccio, Ripple's XRP, Solana, Uniswap, bitcoin, Changpeng Zhao, James Butterfill Organizations: CZ, U.S . Department of Justice, Binance, SEC, Securities and Exchange Commission Locations: Italy, Palazzo, Rome, Washington, Southeast Asia
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The Secret Service did not immediately respond to a Reuters request for comment. Tether and OKX collaborated with the U.S. Department of Justice (DOJ) on the investigation, Tether said without elaborating. The crypto tokens were "linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” romance scam," Tether said. There are $87.9 billion tether tokens in circulation, making it the third biggest cryptocurrency after bitcoin and ether, according to CoinGecko data.
Persons: Dado Ruvic, OKX, Elizabeth Howcroft, Christina Fincher Organizations: REUTERS, Secret Service, U.S . Department of Justice, DOJ, United Nations, U.S ., Thomson Locations: Southeast Asia, The
Welcome to Opinion’s commentary for the third Republican presidential debate, held in Miami on Wednesday night. The debate didn’t answer the question of whether she can really cut into DeSantis’s more conservative bloc of support. He deserves praise for his substantive, competent answers, but there’s not much of a market for that in the Republican primaries. In a debate dominated by a neoconservative revival, Ramaswamy — in both style and substance — was the only Trumpist on the stage. primary voters relished his attacks on the Republican National Committee and the debate moderators.
Persons: Jamelle, Nikki Haley, Haley, Gail Collins, Michelle Cottle, yapping, Ross Douthat I’m, Ramaswamy, David French Neoconservatism, Sarah Isgur, Sarah Longwell, DeSantis, Daniel McCarthy, Dick Cheney, , Haley couldn’t, Ron DeSantis, Donald Trump, There’s, Ross Douthat, he’s, David French, He’s, Vivek Ramaswamy, Sarah Isgur DeSantis, Sarah Longwell DeSantis, Kim Reynolds, Jamelle Bouie Chris Christie, It’s, David French Christie, Trump, Christie isn’t, Sarah Isgur It’s, Christie —, Christie, there’s, Bouie, Tim Scott, Scott, I’ve, we’re, David French I’m, Reagan, platitudes, hasn’t, Sarah Longwell Tim Scott, Daniel McCarthy He’s, Ross, David French Ramaswamy, Ramaswamy —, cheekily Organizations: Trump Republican, Trump, Republican, Gov, Federal Reserve, White, Republican Party, MAGA, Republican National Committee, Nazi Locations: Miami, Iowa, New Hampshire, Ukraine, Iran, Israel, China, hawkish, Iraq, Afghanistan, Russia, Haley, Florida
A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsCompanies Bank of England FollowLONDON, Nov 6 (Reuters) - The Bank of England told lenders on Monday that they must avoid any risk that customers might confuse new forms of e-money like 'stablecoins' with standard deposits which are guaranteed against bank failures. Stablecoins are a cryptocurrency backed by a traditional currency such as sterling or the U.S. dollar, or an asset. To the extent that systemic payment systems using stablecoins pose similar risks as other systemic payment systems, they should be subject to equivalent regulatory standards, the BoE said. There are no systemic sterling stablecoins, but Tether, issuer of the world's largest stablecoin, pegged to the U.S. dollar and backed by assets including U.S. government debt, said last year it would launch a sterling stablecoin.
Persons: Hollie Adams, BoE, stablecoins, Sheldon Mills, David Milliken, Tom Wilson, Kylie MacLellan, Kirsten Donovan, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Companies Bank of England, U.S ., Financial, European, Thomson Locations: City, City of London, Britain
The woman was briefly furious, but her face softened once she saw the tether connecting the men by the waist. Francesco Magisano, the man who had run into her, is blind, and his guide Nev Schulman nervously apologized for the accident. The men were running together for the first time in preparation for the New York City Marathon on Sunday. Marathons are physically and emotionally challenging, but the New York City Marathon has a unique set of difficulties for blind runners and their guides. The sheer number of screaming spectators and runners — race officials are expecting approximately 50,000 finishers this year — make it difficult for guides to steer blind runners along the tightly packed 26.2-mile course.
Persons: Francesco Magisano, Nev Schulman, Magisano Organizations: New York City Marathon, New York City Locations: Central Park
Tether, the $84 billion so-called stablecoin bridging the worlds of cryptocurrencies and the dollar, is increasingly showing up in investigations tied to money laundering, terror financing and sanctions evasion. Tether is now the world’s most heavily traded cryptocurrency by volume. The stablecoin, also known as USDT, maintains a 1:1 exchange ratio with the dollar. Traders use it to stash their cash, easily invest in other cryptocurrencies or swap it into traditional currencies such as the dollar.
Organizations: Traders
Tether, the $84 billion so-called stablecoin bridging the worlds of cryptocurrencies and the dollar, is increasingly showing up in investigations tied to money laundering, terror financing and sanctions evasion. Tether is now the world’s most heavily traded cryptocurrency by volume. The stablecoin, also known as USDT, maintains a 1:1 exchange ratio with the dollar. Traders use it to stash their cash, easily invest in other cryptocurrencies or swap it into traditional currencies such as the dollar.
Organizations: Traders
Tether CEO says stablecoin issuer audit process is continuing
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTether CEO says stablecoin issuer audit process is continuingPaolo Ardoino, the new CEO of Tether, says he supports a full audit of the stablecoin, but "fear" from big firms to take a risk on auditing a stablecoin, is stopping it from happening.
Persons: Paolo Ardoino
Tether CEO discusses tackling terrorist financing through crypto
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTether CEO discusses tackling terrorist financing through cryptoPaolo Ardoino, the new CEO of Tether, discusses how the company is tackling terrorist financing that is taking place via cryptocurrencies like USDT.
Persons: Paolo Ardoino
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Cryptocurrency issuer Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to "terrorism and warfare" in Israel and Ukraine, the company said on Monday. Israeli police said last week they had frozen crypto accounts used to solicit donations for Hamas on social media. Tether said that it is committed to "working closely" with law enforcement agencies globally "to combat cryptocurrency-funded terrorism and warfare." Crypto has been widely used in Ukraine since Russia's invasion last year, with Kyiv raising over $100 million in crypto after appealing for donations. Pro-Russian groups have used crypto for funding in eastern Ukraine, blockchain researcher Chainalysis said last year.
Persons: Dado Ruvic, Crypto, Chainalysis, TRM, Elizabeth Howcroft, Tom Wilson, Mark Potter, Rod Nickel Organizations: REUTERS, TRM Labs, Israel's National Bureau for, Reuters, bitcoin, Thomson Locations: Israel, Ukraine, Hamas, U.S
The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run." Tether froze 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine, according to a media release published Monday. Tether, which issues the world's largest stablecoin of the same name, says it has been collaborating with the National Bureau for Counter Terror Financing of Israel in its efforts. "Tether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime," continued Ardoino. "We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity."
Persons: Paolo Ardoino Organizations: National Bureau for, Israel, Tether's U.S, cybercrime Locations: redemptions, Israel, Ukraine
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Crypto firm Tether's Chief Technology Officer Paolo Ardoino will also become its CEO from December 2023, the company said on Friday, in a surprise management shake-up for one of the crypto world's top tokens. Current CEO, Jean-Louis van der Velde, will "transition to an advisory role for Tether", the company said in a statement. Tether issues a stablecoin, also called Tether, which is designed to maintain a 1:1 dollar peg and is widely used in crypto-to-crypto trading. Little is known about van der Velde, who keeps a low public profile. Ardoino became chief technology officer of Tether in 2017, the company said.
Persons: Dado Ruvic, Paolo Ardoino, Jean, Louis van der Velde, van der Velde, Ardoino, Elizabeth Howcroft, Louise Heavens Organizations: REUTERS, Tether's, Twitter, Thomson
Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company, in a surprise move. In a press release Friday, Tether said that Ardoino will lead Tether from December 2023, succeeding van der Velde. Ardoino will still serve as Tether's chief technology officer while taking on his additional duties as CEO, Tether said. He joined Tether as chief technology officer in 2017. The departure of van der Velde, an executive who has barely ever appeared in public, comes as Tether has faced scrutiny over transparency.
Persons: Paolo Ardoino, Ardoino, Jean, Louis van der Velde, van der Velde, Van der Velde, Bitfinex, Tether's van der Velde Organizations: U.S . Locations: Hong Kong
They’re opportunistic and adaptive,” said former CIA analyst Yaya Fanusie, now an adjunct senior fellow with the Center for a New American Security. It’s unclear how much money Hamas has received in cryptocurrency, but there’s evidence they have amassed significant amounts. Another $94 million was allegedly held by the Palestinian Islamic Jihad, a militant partner of Hamas, according to Elliptic, another analytics firm. Hamas additionally raises funds through informal taxes and smuggling, according to a Congressional Research Service report from May. Investigators were able to seize 150 cryptocurrency accounts “that laundered funds to and from” Hamas accounts, according to a DOJ news release.
Persons: launderers, European Union –, “ There’s, , Yaya Fanusie, , Dmitry Machikhin, Arda Akartuna, Akartuna, Jake Sullivan, Iran “, Sullivan, Asher Perlin, Yitzchak Weinstock, Weinstock, , al, Perlin Organizations: CNN, Hamas, Justice, Justice Department, European Union, Center, New, New American Security, Department of Homeland Security, , Reuters, Wall Street, Brigades, Palestine Islamic, US State Department, US Treasury Department, Islamic Revolutionary Guard Corps, Treasury, US Treasury, White, National, Congressional Research Service, US Justice Department, , Investigators, DOJ Locations: Iran, cryptocurrency, Israel, Washington ,, United States, New American, New Jersey, bitcoin, Jihad, Palestine, Turkey, Lebanon, Lebanese, Syria, Tehran, Jerusalem
Tether Is Lending Its Stablecoins Again
  + stars: | 2023-09-21 | by ( Jonathan Weil | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones, b11705f2
Sept 19 (Reuters) - Bitcoin isn't the only asset experiencing a late summer slump. It has shrunk by almost a tenth this year, standing at $124.4 billion as of Sept. 14. A jump in the dollar index on interest rate hikes last year was accompanied by a big rise in stablecoin volumes, he added. Yet all is not equal: Dollar-pegged Tether, the biggest stablecoin, is bucking the losing trend. Reporting by Hannah Lang in Washington; Editing by Michelle Price and Pravin CharOur Standards: The Thomson Reuters Trust Principles.
Persons: James Butterfill, CoinGecko, Paolo Ardoino, Paxos, USDC, TerraUSD, Dante Disparte, it's, Hannah Lang, Michelle Price Organizations: U.S ., New York Department of Financial Services, U.S, Silicon, Bank —, Thomson, Reuters Locations: South America, Central Asia, U.S, Washington
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