Crypto News
JPMorgan: Stablecoins Processed $27T in 2024, Now Entering TradFi
JPMorgan strategists say stablecoins and tokenized real-world assets are becoming increasingly intertwined with traditional finance, according to a Bloomberg report. JPMorgan Flags Stablecoin Growth, Warns Against Overhype A growing convergence between digital assets and traditional finance is underway, JPMorgan strategists noted this week, highlighting two major developments: the integration of stablecoins into mainstream financial systemsSource link
Monero (XMR) Releases GUI 0.18.4.1 ‘Fluorine Fermi’ with Bug Fixes
Monero (XMR) has launched the latest version of its GUI software, 0.18.4.1, dubbed 'Fluorine Fermi', focusing on bug fixes and minor updates. (Read More)Source link
Galaxy Digital Sells $9B in Vintage Bitcoin Without Rocking the Market
On Friday at 4:30 p.m. Eastern, Galaxy Digital—a firm specializing in digital assets and data center infrastructure—announced in a press release that it had carried out one of the largest bitcoin moves linked to an early bitcoin holder by “completing the sale of more than 80,000 bitcoin.” Market Shrugs Off Galaxy’s Massive 80,000 BTC SaleSource link
Christie’s Launches First Major US Crypto Real Estate Division: Report
Christie’s International Real Estate has debuted the first major U.S. brokerage division focused exclusively on cryptocurrency-based home sales, The New York Times (NYT) reported. U.S. Brokerage Christie’s Pioneers Crypto Home Purchases Spearheaded by Aaron Kirman in Los Angeles, the division enables homebuyers to skip banks entirely by paying with digital currency, according to a reportSource link
DOJ Considering Criminal Charges Against Dragonfly Capital Employees for Years-Old Tornado Cash Investments
NEW YORK — Prosecutors told a federal judge in open court on Friday that they were considering criminally charging certain employees of crypto venture capital firm Dragonfly Capital, including general partner Tom Schmidt, for their 2020 investment into privacy tool Tornado Cash.The discussion between prosecutor Nathan Rehn and District Judge Katherine Polk Failla of the Southern District of New York (SDNY) came amid a break in the ongoing trial of Tornado Cash developer Roman Storm, who has been charged with conspiracy to commit money laundering, conspiracy to operate an unlicensed money transmitting business and conspiracy to violate international sanctions for his work with the privacy tool — charges for which, if found guilty, he faces up to 45 years in prison.During...