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When Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in prison for his part in an embezzlement scheme that saw him direct over $47 million dollars into a “pig butchering” scheme, it was assumed that the failure of the bank would lead to a “complete loss of equity for investors.” However, thanks to the intervention of Tether and its willingness to blacklist addresses, those investors will receive compensation. An Amended Judgement filed today notes that Hanes was forfeiting his claim to funds held in 0xef2797225aCEF65d583F157bbAf023C290D0e7dB , an Ethereum address that the judgment notes is “held by or under the care or custody of Tether Limited.” Checking this address in the tether token contract allowed Protos to confirm that it has been blacklisted by Tether and can no longer transact using the tether token. CHART: Tether has attracted US government action 19 times Read more: Tether gives FBI peek behind the curtain Fortu

SWIFT, UBS Asset Management and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot for settling tokenized transactions on the Swift network. According to a new announcement from Swift, the initiative allows for digital asset transactions to settle off-chain with fiat payment systems all over the world. The aim of the pilot was to address problems in traditional finance operations, including delayed settlements and real-time transparency. It utilized Chainlink and Swift to settle subscriptions and redemptions for tokenized investment vehicles. Says SWIFT head of Strategy Jonathan Ehrenfeld, “For digital assets to be adopted globally, they must seamlessly integrate with both existing payment systems and digital currencies. Our work with UBS Asset Management and Chainlink in MAS’ Project Guardian leverages the global Swift network to bridge digital assets with established systems. This initiative aligns with our strateg

The ongoing US elections are heating up as the two leading candidates continue to make new revelations. Former US president Donald Trump has once again taken the world by storm, unveiling a new threat to the US dollar that has been eroding its prestige and hindering the currency’s global expansion. Also Read: How High Bitcoin(BTC) May Pump If Trump Wins The US Elections? A New Threat To The US Dollar Per Donald Trump Source: NBC News In one of his earlier conferences, Trump was noted for sharing a new threat that has lately been gnawing at the US dollar. Speaking about it at length, Trump revealed how the current US government’s behavior has been slowly eroding the dollar , as opposed to Bitcoin, which mistakenly gets accused of being the financial system challenging the US dollar. In addition, Trump had also revealed plans to fire Gary Gensler, the current SEC chief, and appoint a new chairman to smooth financial policies and efforts. “Bitcoin is not threatening the dollar; the behavi

Real Vision analyst Jamie Coutts says that the stage is being set for a crypto bull market as multiple indicators turn bullish. On the social media platform X, Coutts says nearly every metric he uses to measure the health of the Bitcoin market cycle is no longer in “overheated” territory, boding well for BTC. “Over the past seven months, Bitcoin’s consolidation has significantly cooled valuation metrics that were overheated in Q1. With the exception of Open Interest at an all-time high (100th percentile), nearly every metric – from MVRV (market value to realized value) and Puell to LTH SOPR (long-term holder spent output profit ratio) and Network Value to Addresses – has reset below the 50th percentile. Much of the sell-off was driven by excess leverage in the derivatives market, mainly on the long side, and that overhang has finally cleared. In September, we saw a classic reload signal with the Puell Multiple briefly hitting oversold, while network security re

Altcoins ALGO and TON have stirred interest in a potential collaboration, generating positive sentiment among community members and investors. According to crypto analysts, these tokens are on course for a bullish trend. Meanwhile, other altcoins are also experiencing positive price trends. Here are the best altcoins to watch today for those looking to capitalize on the current market optimism. 6 Best Altcoins To Watch Today  Algorand has recently partnered with World Chess to integrate blockchain technology into the chess community. Meanwhile, the TON Foundation has launched the Society DAO, a governance model promoting decentralized management within the TON ecosystem. Nexo, established in 2018, is a digital asset platform that offers services to help users grow, manage, and safeguard their cryptocurrency investments.  Monero, created in 2014, was designed to enable private and anonymous transactions. FreeDum Fighters is an emerging meme coin project combining political satire wi

Investors in the crypto market often feel overwhelmed by constant changes and uncertainty, all while searching for opportunities that promise substantial returns. With so many tokens to choose from, finding the ones that truly stand out can be tough. This article addresses these concerns by analyzing unique top crypto gainers and bringing potential projects directly to your table for consideration. It offers insights into their performance and impressive attributes, guiding you toward informed investment decisions.   Biggest Crypto Gainers Today – Top List Arkham has captured attention with a 4.11% surge, fueled by its exciting partnership with Phantom Wallet that boosts user experience in blockchain analytics. Meanwhile, Celestia is celebrating its first mainnet launch anniversary with a modest 3.35% jump, showing its advancements in scalability. With SIGMA skyrocketing 28.81% and Big Time climbing 6.25%, there’s a lot to uncover about what’s fueling these impressive gains. Let’s d

The Dogwifhat price plummeted more than 7% in the last 24 hours to trade at $2.36 as of 11:33 p.m. EST as investors offload their holdings in the meme coin . With the recent drop in the WIF price, the altcoin’s weekly performance has also been pushed into the red zone by more than 6%.  Dogwifhat Price Might Retest A Key Support 4-hour chart for WIF/USD (Source: GeckoTerminal ) The Dogwifhat price slid below the $2.4712 support in the last few hours, and could be at risk of testing the subsequent technical crutch at $2.2421 if the bearish pressure persists. WIF has tested the $2.2421 mark twice in the last week, with both attempts being followed by a rebound. Should history repeat itself with this next retest, the Dogwifhat price might recover and try to reclaim the $2.4712 support. Thereafter, a 4-hour candle close above this key price point could then give the meme coin the foundation needed to keep rising in the short term. WIF might subsequently try to flip the $2.7180 resis