Tether’s USDT Surge Highlights Unmatched Dominance in the Stablecoin Market

A Texas bankruptcy court has barred a debtor linked to a multi-million dollar Ponzi scheme from eliminating his debts, siding with the U.S. Trustee Program (USTP), the Department of Justice’s bankruptcy watchdog.

Texas has officially become the third U.S. state to establish a government-run Bitcoin reserve, signaling a growing trend of digital asset adoption at the state level.

Preliminary talks are reportedly underway among Texas lawmakers regarding the potential creation of strategic Bitcoin reserve legislation, as revealed by the Satoshi Action Fund (SAF), an advocacy group focused on cryptocurrency.

Texas is setting its sights on Bitcoin as part of its 2025 legislative agenda, with Lieutenant Governor Dan Patrick unveiling plans that include the creation of a state-backed Bitcoin reserve.

Tezos co-founder Kathleen Breitman has voiced concerns about Bitcoin’s status as a reliable store of value amid the recent cryptocurrency market downturn.

On Friday, officials from Thailand’s Central Investigation Bureau (CIB) uncovered a significant illegal crypto mining operation, seizing 63 mining machines valued at approximately 2 million baht ($60,000).

Thailand’s financial regulator has granted approval for the use of Tether’s USDt and Circle’s USDC in cryptocurrency trading, allowing them to be listed on licensed exchanges.

In 2024, Thailand took a notable step forward in the cryptocurrency space with the introduction of its Digital Asset Regulatory Sandbox.

In a significant crackdown, Thai authorities have confiscated nearly 1,000 Bitcoin mining devices from a company accused of illegally tapping into the local power grid.

Thailand’s financial watchdog is preparing to widen the scope of cryptocurrency exchange-traded funds (ETFs), moving beyond Bitcoin-only offerings, according to comments from the country’s Securities and Exchange Commission (SEC).

Thailand’s Securities and Exchange Commission (SEC) and the Bank of Thailand have introduced a new nationwide cryptocurrency sandbox program aimed at foreign tourists.

Thailand is preparing to weave digital assets into its tourism and financial infrastructure, starting with a pilot program that would let visitors pay in crypto through card-linked platforms.

Thailand is preparing to test a new cryptocurrency payment system in Phuket, aiming to integrate digital currencies into its existing legal framework.

On August 9, 2024, the Thailand SEC launched its Digital Asset Regulatory Sandbox, aiming to drive innovation within the country’s Bitcoin and digital asset industries.

Thailand is preparing to issue $150 million in digital investment tokens, opening up access to government bonds for everyday citizens through blockchain technology.

Thailand is set to introduce a new initiative allowing foreign visitors to convert cryptocurrency into Thai baht for spending, in a bid to revive its slowing tourism sector.

Thailand’s Finance Minister, Pichai Chunhavajira, announced that a new digital wallet initiative will start on August 1, distributing 10,000 baht (around $280) to up to 45 million Thais.

Thailand's Securities and Exchange Commission (SEC) is proposing new regulations to allow mutual and private funds to invest in cryptocurrency products, addressing growing institutional interest.

Thailand's Securities and Exchange Commission (SEC) is preparing to introduce a blockchain-based platform designed to facilitate digital token trading for securities firms.