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news-imageOctober 25, 2024

Bitcoin Price Plunges Following Report of US Government Probe Into Tether

According to a Friday report by the Wall Street Journal, Tether, the flagship stablecoin issuer, is currently being investigated by the US government.
Publisher: UToday
Sentiment: Negative
BTC
USDT

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Neutral
cover-imageCryptopolitan
October 25, 2024

Tether CEO Paolo Ardoino refutes claims of US investigation

Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the U.S government. This comes in response to a Wall Street Journal report on an alleged probe by U.S. authorities into Tether's involvement in sanction violations and anti-money laundering (AML) breaches.

Negative
cover-imageNewsBTC
October 25, 2024

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting'

In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney's Office, is said to focus on whether Tether's stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities.

Negative
cover-imageBenzinga
October 25, 2024

Bitcoin, Ethereum, Dogecoin 'Chopfest' Begins As Weekend Nears, Traders Warn

Cryptocurrency markets are trading lower despite whale transactions rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,789.25 -1.9% Ethereum (CRYPTO: ETH) $2,471.40 -2.5% Solana (CRYPTO: SOL) $167.86 -5.4% Dogecoin (CRYPTO: DOGE) $0.134 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001721 -3.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%.

Negative
cover-imageBenzinga
October 25, 2024

Federal Probe Into Tether Examines Potential Sanctions And Money-Laundering Breaches: WSJ

U.S. federal authorities are currently examining stablecoin issuer Tether (CRYPTO: USDT) for potential infractions of U.S. sanctions and anti-money-laundering regulations, according to a report. What Happened: This inquiry, conducted by the Manhattan U.S. Attorney's Office, is investigating possible misuse of Tether's stablecoin in activities like drug trafficking, terrorism financing, and laundering proceeds from these illicit actions, The Wall Street Journal reported.

Neutral
cover-imageThe Currency Analytics
October 25, 2024

Analysts Split on Impact of New Bitcoin ETF Options: What Lies Ahead for BTC

The recent approval of additional Bitcoin exchange-traded fund (ETF) options by the U.S. Securities and Exchange Commission (SEC) has sent ripples through the cryptocurrency world, raising questions about what this means for Bitcoin's future. While there's a general consensus that these new options could significantly enhance market liquidity, opinions diverge sharply when it comes to the impact on volatility and price trends.

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