Criptor

On Wednesday, US Senator Elizabeth Warren called for the Securities and Exchange Commission (SEC) watchdog to investigate whether the Donald Trump administration profited from dropping crypto enforcement against the likes of Justin Sun, Binance, and Coinbase. In a letter to the SEC’s Inspector General Deborah Jeffrey -- who is responsible for investigating "allegations of wrongdoing or misconduct involving SEC programs, operations, or personnel" -- Warren asked if she could probe the agency, mem...

Protos

1 day ago

The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eight crypto asset wallets tied to Yemen’s Houthi movement. Houthis assist with maritime transport and arms deals from Russia for pro-Iran groups operating in Yemen. By making it illegal to transact with their wallets and flagging the wallets for global awareness, OFAC aims to prohibit transactions and block the liquidation of their property. All US-operated crypto exchanges and services must block access to sanctioned wall...

Protos

2 days ago

Over 94% of Binance token listings from 2024 and 2025 are in the red by between 17% and 97%, according to crypto analysts. This is in stark contrast to Binance’s token listing heyday. Research by crypto analyst Dethective found that the 27 tokens listed by Binance so far this year had an average loss of 44%. Only three tokens resulted in a positive return, while 13 suffered losses of over 50%. Dethective described the tokens as “pure exit liquidity” and claimed, “If the largest, most retail-frie...

Protos

3 days ago

Court filings in Hong Kong and reporting from CoinDesk have revealed that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves became stuck in First Digital Trust and it became effectively insolvent, unable to redeem its tokens. This runs contrary to certain public claims by TrueUSD that during the period in question, it continued to claim that it was backed "1:1" by US dollars -- even after it started having redemption issues with First Digital. These claims re...

Protos

3 days ago

Fearing an attack by quantum computers, Bitcoin developers have already started coding the hard fork that could alter the currency's supply. Developer Agustin Cruz is the latest dev to post a draft Bitcoin Improvement Proposal (BIP) to the Bitcoin-Dev mailing list. Entitled "Quantum-Resistant Address Migration Protocol" (QRAMP), the draft BIP includes preliminary code and instructions for destroying unspent transaction outputs (UTXOs) -- colloquially known as bitcoins (BTC) -- on the world’s mos...

Protos

1 day ago

Circle wants to IPO, and its S1 filing details the staggering difference between the regulated, US-based stablecoin issuer and its offshore competitor, Tether. Despite their relatively similar sizes, the financials of the world’s two largest stablecoin issuers are miles apart.As of December 31, 2024, there were 137.4 billion circulating USDT and 43.9 billion circulating USDC. Despite USDC’s market capitalization being approximately one-third of USDT, their profitability diverges massively. Speci...

Protos

3 days ago

Trezor, one of the largest manufacturers of physical crypto wallets, says the future “remains uncertain” and that it is “adapting supply chains” in the wake of Donald Trump’s introduction of sweeping and hard-hitting tariffs. These include a baseline 10% tariff, due to come into force on April 5, which will affect all countries on the US’s tariff list, and higher tariffs that will begin on April 9 and impact roughly 60 countries the US calls the “worst offenders.” A Trezor spokesperson told Prot...

Protos

2 days ago