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MoneyGram rolls out Visa stablecoin card as blockchain payments expand
MoneyGram is rolling out a Visa stablecoin debit card as it expands blockchain-based payments. The move follows rival Western Union and signals intensifying competition between remittance companies exploring stablecoin-enabled services.
Cointelegraph
MoneyGram Rolls Out Visa Card Linked to Stablecoin Dollar Balances
MoneyGram is rolling out a Visa card that lets customers hold dollars and spend from a stablecoin-backed balance. CoinDesk reported the product, though no details were provided on supported stablecoins, markets, or timing.
CoinDesk
US crackdown targets $24 billion crypto black market as money launderers retreat
The DOJ seized Telegram channels and two wallets, while OFAC sanctioned Xinbi and the developers behind SafeW and XinbiPay in a US action targeting a reported $24 billion crypto black market.
CryptoSlate
US sanctions Xinbi marketplace and restrains $52 million in crypto
The US sanctioned Xinbi and restrained $52 million in cryptocurrency, while the Justice Department seized its Telegram channels and two wallets. Investigators are pursuing 47 additional wallets tied to the alleged laundering network.
Cointelegraph
U.S. Freezes $52.8 Million in Crypto Linked to Xinbi Telegram Marketplace
The U.S. Secret Service froze $52.8 million in crypto linked to Xinbi, a Telegram marketplace associated with global scams. Elliptic traced the funds, while Treasury sanctioned the platform, which reportedly processed $24 billion.
Decrypt
VerifiedX Opens $15 Million Round for Institutional Bitcoin Infrastructure
VerifiedX launched a $15 million financing round for institutional Bitcoin infrastructure. Cantor Fitzgerald is advising on the transaction, with proceeds intended for BitGo custody, exchange listings and Bitcoin lending programs.
Bitcoin Magazine
Strategy expands STRC repurchase authorization to $2 billion
Strategy doubled its STRC preferred-share repurchase authorization to $2 billion after seven weeks of increasingly large purchases. The shares remained below their $100 stated value as Michael Saylor’s Sept. 8 recovery benchmark arrived.
CryptoSlate
Visa Links Onchain Lending With Settlement Data for Stablecoin Card Funding
Visa is pairing payment settlement data with onchain lending tools to help fintechs and stablecoin-linked card programs obtain working capital, Decrypt reports. Details on participants, loan volumes, timing and involved tokens were not disclosed.
Decrypt
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Good Entry, Limitless and APX Finance could face separate off-chain votes over exclusion from future Arbitrum DAO programs. CryptoSlate said any combined figure is not a single repayable balance or evidence of a joint obligation.
CryptoSlate
Ukraine Busts Kyiv Crypto Drainer Ring Moving Up to $1M Monthly
Ukraine reportedly dismantled a Kyiv crypto-drainer ring that used fake Telegram investment ads to direct EU victims to a lookalike exchange. The operation allegedly emptied wallets and moved up to $1 million monthly.
Decrypt
