US sanctions four Iran central bank crypto wallets, Tether freezes $131M

·43 views

The United States government has added four cryptocurrency wallets linked to Iran's central bank to its sanctions list. The wallets, built on the TRON blockchain, collectively held over $165 million at the time of the action. In response, stablecoin issuer Tether moved to freeze approximately $131 million worth of assets contained in those addresses. The sanctions effectively block the flagged funds from being transferred or redeemed. The move reflects ongoing U.S. efforts to use financial tools to restrict Iran's access to digital assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Big Tech's AI audits may be limited by what companies choose to show auditors

An opinion piece by Samuel Vance-Law, head of research at the Decentralization Research Center, argues that audits under a White House accord on AI will only be meaningful if auditors can choose what to test. The article contends that, under the current arrangement, Big Tech's AI auditors will only see what the companies show them. The piece frames independent discretion over testing scope as essential to the audits' value. The source material is a short opinion excerpt, so details of the accord's specific terms are not provided.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Traders to Gain Ability to Bet on Coinbase, Robinhood and Marathon Hitting Targets

A new trading product will soon let investors wager on whether Coinbase, Robinhood and Marathon Digital reach their stated goals. The source material provided is limited, offering only a brief date-stamped preview header with no detailed description of the product's mechanics or launch timeline. Further specifics about the targets involved, the platform offering the bets, and regulatory considerations were not included in the text. The announcement reflects growing interest in event-based and prediction-style financial products tied to crypto-related companies. Additional details are needed to fully report on the offering's scope and potential impact.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Circle Plans Expansion Into 40 New Markets as Stablecoin Demand Rises

Stablecoin issuer Circle is targeting 40 new markets, according to comments its CEO, Jeremy Allaire, made to Reuters. Allaire said demand for digital dollars is growing across Asia, Africa, and Latin America. The growth is being driven in part by banks and payment firms. The report frames the expansion as a response to rising global interest in stablecoins.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Nine Crypto Firms Form Quantum Alliance Over Threat to 6.4 Million Bitcoin

Nine cryptocurrency companies have launched the Quantum Alliance to prepare collectively for potential attacks from quantum computers. The group is concerned about roughly 6.4 million bitcoin that could be exposed to such a threat. Members do not agree on how soon quantum attacks could become a reality. They are also divided on whether vulnerable bitcoin holdings should be frozen as a precaution.

0 comments Read more at CoinDesk