Besides raising red flags on the stability of the stablecoin market, Deutsche Bank's research analysts expressed particular concern about Tether's prominent position in the stablecoin market, highlighting issues such as speculation and a perceived lack of transparency.
KikyoA cybercriminal behind the embezzlement of $7.4 million from Hundred Finance reappears, moving approximately $800,000 worth of assets to launder or utilise the stolen funds. Despite a recent decline in crypto scams and hacking incidents, challenges persist in securing cryptocurrency platforms and preventing financial crime.
WeatherlyThe blockchain analytics firm will furnish Tether with tools designed to detect both sanctioned and illicit activities within the cryptocurrency space.
CatherineVenezuelan Oil Minister Pedro Tellechea has affirmed the nation's embrace of diverse currencies, including digital ones, as outlined in contractual agreements.
KikyoTelegram's integration of Tether onto its TON blockchain opens up global payment possibilities for its 900 million users, potentially transforming it into a WeChat-like platform for the West, while raising questions about TRON's future with Tether.
AnaisDespite implementing security upgrades following a previous breach, FixedFloat emphasises that user funds remain secure and unaffected.
CatherineAuthorities in Gangnam nabbed 10 individuals suspected of orchestrating a fraudulent USDT OTC transaction to pilfer money.
CatherineExploitation of cryptocurrency by Russian intermediaries to bypass sanctions poses regulatory challenges, highlighting ongoing struggles against illicit financial activities.
Cheng YuanTron blockchain is implicated in a significant portion of illegal cryptocurrency transactions, with Tron-based USDT emerging as a key tool for nefarious activities like terrorism financing. Despite denials from Tron DAO and Tether, concerns persist regarding the platform's susceptibility to criminal misuse. Additionally, legal challenges, such as the lawsuit against Tron's founder by the U.S. Securities and Exchange Commission, further highlight the regulatory scrutiny surrounding Tron.
Cheng YuanBitcoin surged to a record high but quickly tumbled, reflecting volatile market dynamics. Institutional investment grows amidst regulatory uncertainties, while concerns about Bitcoin's utility persist, leaving investors questioning its long-term prospects.
WeatherlyTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanTether Treasury transfers $182 million USDT to an unknown 'whale', with total transactions now at $2 billion, maintaining market stability.
Xu LinUSDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
BeincryptoThe increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
CoindeskTether has also recently clarified that its cash reserves for issuing USDT to Alameda were not on Alameda's balance sheet.
BeincryptoThe firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
OthersUSDC, USDP and TUSD will be converted to BUSD at a ratio of 1:1. At the same time, the affected spot trading pairs will also be delisted. You may notice that USDT is not on the list. Is it good news? In fact, this is not a good thing for the future development of USDT.
NellThe asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others.
CointelegraphWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphTether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
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