By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
Tag: US
By Emir Abyazov Key highlights: Embargo group laundered $34M via crypto targeting US healthcare and industries. Linked to BlackCat hackers; demands reached $1.3M per attack on hospitals. Group uses AI-enhanced phishing, exploits poorly regulated exchanges globally. The Embargo ransomware group cashed out $34 million through cryptocurrency transactions during just nine months of operation, according to […]
By Emir Abyazov Key highlights: Bitcoin approaches $122,000 with $120K resistance critical for next moves. Ethereum rallies above $4,300 as liquidity shifts during bull cycle stages. Altcoins such as Solana set for breakout amid Bitcoin support test. Bitcoin has surged 4.6% since June 10, reaching around $122,335 and moving close to new all-time highs. Ethereum […]