The post Circle’s refusal to ‘burn and reissue’ stolen USDC angers prosecutors, report appeared on BitcoinEthereumNews.com.
Prosecutors in Wisconsin and New York are growing frustrated with stablecoin giant Circle after it repeatedly ignored law enforcement requests and court orders trying to recover stolen funds. The International Consortium of Investigative Journalists (ICIJ) detailed how the firm is facing criminal complaints and referrals to Congress over its inability to take action when asked to help recover funds. Milwaukee County Police Detective Scott Simons told the ICIJ that he’s seen over a dozen cases where Circle has either refused law enforcement requests to freeze victim funds, or where court orders weren’t obtained quickly enough to stop the flow of crypto. The report details how the loss of $400,000 by one pig-butchering victim in Wisconsin led to state prosecutors filing a criminal complaint against Circle in April. Prosecutors claimed that the firm did intentional
The post Can Established Players Maintain Their Grip on the Stablecoin Sector? appeared on BitcoinEthereumNews.com.
As stablecoins continue to rise in prominence within the financial sector, ARK Invest CEO Cathie Wood believes that the market will largely remain under the control of current dominant issuers. Tether‘s USDT and Circle’s USDC, she asserts, have cemented their positions through extensive network effects, creating formidable challenges for any emerging competitors. Continue Reading:Can Established Players Maintain Their Grip on the Stablecoin Sector? Source: https://en.bitcoinhaber.net/can-established-players-maintain-their-grip-on-the-stablecoin-sector
The post Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states appeared on BitcoinEthereumNews.com.
A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on national event-contract rules. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to block New York gaming officials from enforcing state gambling law against its sports-event contracts while the case proceeds. The decision is preliminary. It leaves the merits open, but it rejects Kalshi’s bid for immediate relief on the argument that the Commodity Exchange Act preempts New York’s gambling laws as applied to those contracts. The access risk now has two tracks: whether the Commodity Futures Trading Commission accepts event contracts at the federal level, and whether states can force platforms to block, limit, or redesign access
The post Pavel Durov Faces Fourth Round of French Questioning appeared on BitcoinEthereumNews.com.
Pavel Durov faced a fourth round of questioning in France’s ongoing Telegram criminal probe. Durov’s lawyers say prosecutors have presented no evidence and are challenging the case. Telegram says cooperation with French authorities has improved, but the investigation remains ongoing. Telegram founder Pavel Durov has been questioned for a fourth time by French investigating judges as authorities continue their criminal investigation into the messaging platform. According to sources, Durov spent more than six hours answering questions in Paris on Wednesday. It was his fourth interrogation since he was formally charged in 2024. The case focuses on allegations that Telegram failed to properly moderate illegal content and cooperate with law enforcement. Defense Says Prosecutors Have No Evidence After the latest questioning, Durov’s legal team said prosecutors have still not presented evidenc
Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries […]
The post Hyundai Card Tests Stablecoin Payments in Global Automotive Shift appeared first on Live Bitcoin News.
Generative AI's role in smart contracts could democratize finance, but raises regulatory challenges and shifts stablecoin market dynamics.
The post Circle CEO Jeremy Allaire says generative AI is creating an ‘explosion in smart contracts’ appeared first on Crypto Briefing.
The post Eco Powers Programmable Cross-Chain Stablecoin Liquidity with TRON Integration appeared on BitcoinEthereumNews.com.
San Francisco, California, July 9, 2026 — Eco, a leading provider of programmable cross-chain stablecoin liquidity, today integrates the TRON network. Through this integration, TRON becomes part of Eco’s unified stablecoin network, allowing users to deposit stablecoins directly into TRON applications in seconds. As one of the world’s leading blockchains for stablecoin payments, TRON processed more than $2 trillion in transfers and supported an $86 billion circulating USDT supply in Q1 2026 alone. By integrating TRON, Eco enables enterprises and developers to embed seamless cross-chain stablecoin flows into their applications, with on-demand liquidity facilitating transfers between TRON and the broader blockchain ecosystem. “TRON’s dominance in global stablecoin settlement makes it an essential infrastructure for digital finance,” said Jay Kurahashi-Sofue, CMO at
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared on BitcoinEthereumNews.com.
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared first on Coinpedia Fintech News As crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on stablecoin issuers to help freeze stolen funds before they disappear. Now, that growing dependence has landed Circle in the middle of an unusual legal battle after Wisconsin prosecutors accused the company of refusing to comply with the court order aimed … Source: https://coinpedia.org/news/circle-faces-criminal-contempt-as-usdc-recovery-order-sparks-legal-fight/
The post Circle Faces Criminal Complaint Over USDC Seizure. appeared on BitcoinEthereumNews.com.
Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case may reshape how crypto firms handle frozen assets and victim claims. Circle faces a criminal complaint in Wisconsin after prosecutors accused the stablecoin issuer of refusing to comply with a court order seeking recovery of stolen USDC funds. The case highlights growing tensions between crypto firms and law enforcement over scam-related asset seizures. Circle Faces Legal Pressure Over Stolen USDC Recovery Circle Internet Financial is facing legal scrutiny after Wisconsin prosecutors filed a misdemeanor criminal complaint against the company. According to a report, authorities allege Circle failed to follow a warrant connected to a cryptocurrency scam victim’s stolen funds. The dispute began after a Walworth
