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Report Highlights USDT’s Role in the Underground Economy of Cambodia
20.12.2023
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...
Tether partners with major payments processor to increase USDT adoption amongst businesses
20.12.2023
Tether (USDT), launched in 2014, is a leading stablecoin pegged to the US dollar for stability. It offers reliable digital alternatives to volatile cryptocurrencies like Bitcoin. With stablecoins tied to various fiat currencies, Tether simplifies cross-border payments and reduces the need...
Bitcoin Struggles for Direction in Run-Up to Christmas + More News
19.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin Struggles for Direction in Run-Up to Christmas Hong Kong’s AIA Carnival to Accept Cryptocurrency Payments in Partnership with...
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
19.12.2023
The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely undermine the monetary independence of countries like...
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
18.12.2023
Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing...
Tether Confirms Extensive Collaboration With DOJ, FBI and Secret Service
18.12.2023
Tether, the stablecoin company, has confirmed it has collaborated extensively with a series of U.S government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Secret Service. These team-ups are focused on making the stablecoin ecosystem safer...
Adam Back Says ‘Suck That Truthoors’ as Cantor Fitzgerald CEO Reveals Company Holds Tether’s Treasuries
15.12.2023
Howard Lutnick, CEO of Cantor Fitzgerald, a Wall Street private financial services company, has recently confirmed that they lent their services to Tether, the issuer of the biggest stablecoin in the cryptocurrency market. On CNBC’s Money Movers, Lutnick stated that he was a fan of Tether...
Cantor Fitzgerald CEO Is a Bitcoin Maxi and Tether Fan
13.12.2023
Cantor Fitzgerald is one of the custodians for Tether's $90 billion worth of treasuries
Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities
10.12.2023
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily freeze tether-holding wallets linked to the Office...
Tether Freezes 41 Crypto Wallets Tied to Sanctions
9.12.2023
Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday
Venezuelan Attorney General Alleges Exxonmobil Financed Opposition to Essequibo’s Ballot With Cryptocurrency
8.12.2023
Tarek William Saab, the Venezuelan attorney general, stated that Exxonmobil, a U.S.-based oil and gas company, used intermediaries and cryptocurrency to finance actions against the ballot where Venezuelans were consulted about their position on the ongoing Essequibo claim. Fourteen arrest warrants...
Top Miners Spend $1.2 Billion In Pre-Halving Machine Shopping Spree + More News
8.12.2023
Source: AdobeStock / arinahabich Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Top Miners Spend $1.2 Billion In Pre-Halving Shopping Spree UK Crypto Market Grew 137% in a Year, Surpassing...
Tether’s Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets
7.12.2023
Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion. Since 2015, Tether’s Market Cap Has Swelled by 35,912,812% Since the dawn of 2023, tether (USDT) has experienced...
Investors Believe the US Fed Will Pause Rate Hikes + More News
5.12.2023
Morgan Beller. Source: Bloomberg Technology Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Investors Believe the US Fed Will Pause Rate Hikes – Bitfinex Analysts Bear Market Applies...
Tether Blacklists Over 30 USDT Wallets
4.12.2023
Tether, the company behind the issuance of USDT, the largest stablecoin, has blacklisted more than 30 addresses that have received billions in USDT since their first use. According to blockchain intelligence firm Chainargos, the blacklisted addresses had received $161 million from Whitebit,...
US DOJ Seizes $9 Million in USDT from Cyber Scam Organization, Tether to Onboard FBI
29.11.2023
Source: AdobeStock / Krakenimages.com The United States Department of Justice (DOJ) has seized nearly $9 million worth of USDT from an organization running pig butchering scams – with Tether’s help. According to the press release, the authorities traced the funds to cryptocurrency...
Tether’s ‘new era for capital raises’ Bitfinex bond flops
29.11.2023
The ALT2611 tokenized Tether bond from Bitfinex has only managed to raise 15% of its target two weeks after launch
Today in Crypto: Banxa and Cardano’s Yoroi Wallet Enable In-app Fiat On/Off Ramping, Bybit Reveals Personality-Based Trading NFT/USDT Competition
27.11.2023
Source: AdobeStock / RareStock Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Wallet news Web3 on-and-off ramp solution Banxa announced that it, in partnership with Cardano’s Yoroi Wallet...
Today in Crypto: Matr1x Gaming Platform Raises $10 Million, Bybit’s Portfolio Margin Mode Gets Spot Trading Capabilities, MapMetrics Expands to Peaq Blockchain
23.11.2023
Source: matr1x.io/games Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Investment news Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured...
Gold Smugglers in Nepal Caught Exchanging 33kg of Gold for Tether USDT Stablecoin
23.11.2023
Source: AdobeStock / Krakenimages.com An international, organized criminal network has been busted for gold smuggling and using the tether (USDT) stablecoin in its $16 million-worth illegal operations. According to the local media report by The Rising Nepal, the group managed to smuggle 33 kg...