BTC $79,370.53 +1.35%
ETH $2,500.15 +1.02%
BNB $749.99 -0.07%
XRP $1.43 +2.71%
SOL $104.39 +1.46%
TRX $0.3390 +0.11%
DOGE $0.0909 +2.15%
ADA $0.2204 +1.33%
BCH $258.98 +1.43%
LINK $12.18 -2.77%
HYPE $86.73 +4.43%
AAVE $129.10 +0.24%
SUI $0.8137 +0.48%
XLM $0.1886 +0.79%
ZEC $1,264.58 +9.01%
BTC $79,370.53 +1.35%
ETH $2,500.15 +1.02%
BNB $749.99 -0.07%
XRP $1.43 +2.71%
SOL $104.39 +1.46%
TRX $0.3390 +0.11%
DOGE $0.0909 +2.15%
ADA $0.2204 +1.33%
BCH $258.98 +1.43%
LINK $12.18 -2.77%
HYPE $86.73 +4.43%
AAVE $129.10 +0.24%
SUI $0.8137 +0.48%
XLM $0.1886 +0.79%
ZEC $1,264.58 +9.01%

d

All
Article
Flash

first_img The UK's National Economic Crime Centre warns that criminals are innovatively using cryptocurrency assets for money laundering

According to Decrypt, the UK's National Economic Crime Centre (NECC) warned in its annual report released this week that criminals are "innovatively using cryptocurrency products to evade detection and transfer illegal value on a large scale."The agency is part of the UK's National Crime Agency (NCA) and is responsible for coordinating the UK's response to economic crime. The threat assessment in the report indicates that cross-border money laundering networks are spreading, combining new and traditional methods while transferring funds through both legitimate and illegitimate channels; many organized crime groups no longer launder money themselves but outsource it to specialized networks for a fee. The report also mentions artificial intelligence alongside cryptocurrency, noting that criminals are using synthetic identities and process automation to attack banks.The report shows that cryptocurrency ranks third among the nine economic crime priorities identified by the UK's National Economic Crime Centre, the Financial Conduct Authority (FCA), the Home Office, and the Treasury in July 2025, above cash crime and money mules. The agency states that it is developing "more proactive, intelligence-led cryptocurrency capabilities." Additionally, its joint operation "Atlantic Action" with the U.S. Secret Service, Coinbase, Binance, Kraken, and Tether has identified 20,000 approved phishing victims and frozen $12 million in funds; the "Stable Action" targeting Russian networks converting street cash into cryptocurrency has arrested 129 individuals and seized over £25 million in the UK.The report also mentions a report on privacy-enhancing technologies in the cryptocurrency industry released by the Royal United Services Institute (RUSI).

first_img U.S. Bank completes USBDC stablecoin real-time cross-border payment test

According to CoinDesk, U.S. Bank, the fifth largest commercial bank in the United States (a subsidiary of U.S. Bancorp), announced the successful completion of a real-time cross-border payment test based on its own US dollar stablecoin USBDC, with transactions completed via the Stellar blockchain between its entities in North America and Europe. As one of the first bank-issued stablecoins deployed on a public blockchain, USBDC is expected to bridge the gap in the global banking system with 24/7 trading capabilities.The pilot validated the functions of USBDC, including minting, payment redemption, freezing, and recovery, and tested the bank's internally developed digital asset platform, which serves as the foundation for issuing, managing, and transferring tokenized assets, enabling seamless integration between traditional banking infrastructure and blockchain networks. U.S. Bank Chairman and CEO Gunjan Kedia stated that this real-time pilot demonstrates its ability to accelerate global cash management and fund flows.This test is based on the bank's strategic partnership with the Stellar Development Foundation, with future application scenarios including liquidity management, collateral transfer, and cross-border financial operations. As global stablecoin regulation advances, banks are accelerating their entry into the market. Last week, 21 financial institutions, including Bank of America, Citi, Goldman Sachs, and UBS, announced plans to form a company to issue stablecoins, with the expectation of launching a dollar token in the first half of 2027.

Gate and RQD* Clearing launch strategic cooperation to expand the collaborative space between digital assets and financial infrastructure

According to the official announcement from Gate, Gate is exploring strategic cooperation with the clearing and custody company RQD* Clearing. Both parties plan to advance discussions on cooperation in areas such as digital assets, clearing and market infrastructure, regulatory compliance, and asset tokenization, leveraging their respective capabilities in digital asset services and financial market infrastructure to find new business synergy opportunities.Gate's founder and CEO Dr. Han stated that as digital assets increasingly integrate with traditional financial markets, Gate is focused on building the infrastructure that supports this process and looks forward to exploring cooperation opportunities with RQD* Clearing in the areas of clearing, infrastructure, compliance, and asset tokenization.RQD* Clearing provides the necessary clearing, custody, and technical infrastructure for broker-dealers, registered investment advisors, overseas financial institutions, and proprietary trading firms to access the market, and relies on its self-developed technology to offer clients real-time business data and flexible platform support.This exploration of cooperation is expected to further connect Gate's global digital asset ecosystem with RQD* Clearing's infrastructure capabilities in the market, opening up more space for the integration of digital assets and traditional financial systems at the asset, transaction, and technical levels.
app_icon
ChainCatcher Building the Web3 world with innovations.