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Tron Refutes UN Study Findings Linking TRC-20 USDT to Bad Actors
20.1.2024
The Tron Decentralized Autonomous Organization (DAO) has rejected a United Nations assessment which suggested that bad actors are behind most tether transactions facilitated via its protocol. It also sees its over 50% share of the USDT stablecoins in circulation as a “testament to...
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
26.2.2023
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis shows. It also...
FTX funds on the move: bankruptcy proceedings, insider threat or a hack?
12.11.2022
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours
Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils
7.11.2022
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside...
Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions
16.7.2021
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering...
USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021
25.1.2021
During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using...
New Crypto Bridge Will Make Tether Transactions Cheaper, CTO Says
25.4.2020
Bitfinex and Tether CTO Paolo Ardoino says he hopes pToken – a project he has assisted – will make it easier for retail USDT holders to swap their tokens from one chain to another
ERC20 Tether Transactions Flip Their Omni Equivalent
29.8.2019
Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC....