Stablecoin issuer Circle has given a grant to the United Nations to help make humanitarian aid payments faster, cheaper and more transparent. The funding will support the UN’s Digital Hub of Treasury Solutions, building on earlier USDC trials to improve cross-border transfers and financial tracking across UN agencies.

A UN report reveals that criminal networks in Southeast Asia use Telegram for large-scale illicit activities, such as trading hacked data and cybercrime tools. This follows scrutiny of Telegram’s founder, Pavel Durov, over the platform’s role in these activities. Can this popular messaging platform catch a break?

The Montenegrin court may seek to extradite Terra founder Do Kwon to the United States instead of South Korea.

US Secretary of Commerce Gina Raimondo urged Congress members, Silicon Valley, and allies to prevent China from acquiring crucial semiconductors and cutting-edge technologies vital for national security.

The U.S. government has emerged as a major player in the cryptocurrency realm, holding a substantial bitcoin stash valued at over $5 billion.

Mastercard is in the process of dissolving its crypto card payment partnership with Binance. Consequently, the crypto card initiatives operating in four countries are slated for termination by 22 September.

Lightspark CEO David Marcus said it was “disheartening and frustrating” to see the U.S. fall behind in digital assets, responding to the Law Commission recommendations on securing the UK’s position as a global crypto hub. Marcus’s comments follow similar sentiments from Coinbase CEO Brian Armstrong and venture capital firm a16z.

A joint working group led by the CBUAE and HKMA, with support from the relevant stakeholders of the two jurisdictions’ banking sectors, will be formed to take forward the agreed initiatives.

One of the primary goals of the BRICS nations is to create a new global currency that will rival the US dollar.

Roubini says there’s no doubt that China and Russia are teaming up with allies to build an alternative monetary system that does not utilize USD.