Tether celebrates USDT's 10th anniversary, highlighting its dominance in inflation-affected countries and plans for future expansion beyond financial tools.
The United States alleges that a North Korean hacking group conducted a series of brazen heists, targeting both traditional financial institutions and the crypto space.
Tether celebrates 10 years of innovation, solidifying its role as the leading stablecoin with 350 million users worldwide. Discover Tether's impact on global finance and its future vision.
The company is preparing to become compliant with the European MiCA to avoid delisting.
Bitcoin poised for gains as metrics and liquidity signal potential bullish trend.
Stablecoin issuer Tether is celebrating its 10th anniversary along with the success of its flagship product, USDT.
Coinbase is preparing to delist stablecoins that don't adhere to European regulations by year's end. The move, as reported Friday (Oct. 4) by Bloomberg News, comes as the European Union's Markets in Crypto-Assets Regulation (MiCA) is introducing tougher oversight of cryptocurrency companies.
Coinbase has announced plans to delist Tether's USDT and other stablecoins that do not comply with the European Union's Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase's efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state.
Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year. A spokesperson for the crypto exchange tells Bloomberg the exchange will delist stablecoins in Europe that don't comply with the EU's Markets in Crypto-Assets Regulation (MiCA).
to the MiCA regulation by the end of December 2024. This decision is part of the company's compliance with the new regulatory requirements of the European Union for the digital asset sector.
Tether is preparing to launch a new technology specifically for the European market. This strategic move comes in response to changing regulatory frameworks in the region, especially as MiCA (Markets in Crypto Assets) regulations come into full effect.
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure.
Tether's new tech solution may influence stablecoin compliance strategies, impacting regulatory adaptation and market dynamics in Europe. The post Tether to unveil new tech solution for European market amid Coinbase delisting rumors appeared first on Crypto Briefing.
TL;DR Coinbase will delist all unauthorized stablecoins in the European Economic Area by December 30, 2024. Regulation of stablecoins under MiCA requires authorization as an electronic currency in at least one member state. Coinbase will offer options for users to convert their stablecoins to compliant versions, such as Circle's USDC. Coinbase Global Inc.
While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph.
Coinbase plans to remove all non-compliant stablecoins from its platform in the European Economic Area (EEA) by the end of the year. This move aligns with the company's efforts to adhere to the European Union's upcoming Markets in Crypto-Assets (MiCA) regulations.
As regulatory conditions tighten in the region, Coinbase will delist all non-compliant stablecoins in the European Economic Area (EEA) by the end of the year.
Coinbase Global has shocked the cryptocurrency world with its recent announcement. The popular exchange plans to delist all unauthorized stablecoins in the European Economic Area (EEA) by the end of the year. This decision could deal a significant blow to major tokens like Tether Holdings Ltd's USDT, which is the largest stablecoin in the world.
The crypto universe never lacks surprises. As USDT begins to waver, an opportunity arises for altcoins, those alternative assets that often wait for their moment of glory.
An analyst has identified a bearish pattern on the USDT dominance chart which now signals an impending rally for the altcoin market
Tether's USDT has become a fundamental part of the financial landscape, not only within the cryptocurrency market but also in the broader global economy. Paolo Ardoino, CEO of Tether, shared insights in a recent interview about how USDT serves as a financial lifeline in countries facing inflation and weak financial systems.
Justin Sun's team dumped 5.37 million EIGEN tokens for $21.66 million USDT merely twenty-four hours after it was launched. These tokens, which Sun received in an airdrop, were sold at an average price of $4.03 each, according to on-chain data.
Tether's USDT has become the most used digital dollar globally, particularly in economically unstable countries like Argentina and Turkey.
Paolo Ardoino, CEO of Tether, discusses USDT's role as a stable and accessible financial tool in volatile economies.
Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.
By merging CEX and DEX trading in one competition, Bybit seeks to foster adoption in ways previously unimaginable.
The Nigerian government filed a criminal lawsuit against four Nigerian Crypto traders for conducting unlicensed business transactions including USDT & NGN trades.
The Nigerian government filed a criminal lawsuit against four Nigerian Crypto traders for conducting unlicensed business transactions including USDT and NGN trades.
Tether, a leading stable coin issuer, has teamed up with the U.S. Department of Justice (DOJ) to seize $6 million in digital assets linked to elaborate scams. These fraudulent operations, predominantly based in Southeast Asia, involved scammers impersonating legitimate cryptocurrency exchanges, effectively duping victims out of their hard-earned money.
As the Federal Reserve (Fed) starts to change course on interest rates, Tether and four other stablecoin issuers risk seeing $625 million in annual interest income melt away. This upheaval, revealed by a recent CCData report, highlights stablecoins' reliance on U.S. Treasury bonds, a crucial pillar of their economic model.
The company behind the world's largest stablecoin by market cap says it aided US authorities in confiscating the proceeds of an overseas crypto-confidence scheme.
In collaboration with the DOJ, Tether assisted in seizing $6 million from victims of crypto scams across Southeast Asia. These schemes lured victims by imitating legitimate crypto exchanges, leading to substantial financial losses.
TL;DR Rapid Minting: Ripple Labs has minted 1.7 million RLUSD tokens in just two days, signaling an imminent launch of their USD-pegged stablecoin. Regulatory Approval: Ripple is awaiting SEC approval for RLUSD, with CEO Brad Garlinghouse expecting public availability in the coming weeks.
The stablecoin industry will have to weather significant losses in interest income following the Federal Reserve's latest rate cut, a new report from CCData shows.
Ripple is making bold moves in the stablecoin sector, rapidly minting its RLUSD stablecoin and signaling a potential market launch. This strategic leap forward raises questions about its competitive positioning against established players like Tether. With 800,000 tokens created, the race to challenge Tether heats up.
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims.
Tether has assisted the U.S. Department of Justice in seizing $6 million in USDT linked to alleged cryptocurrency scams, marking a significant step in combating fraud.
Tether helped the U.S. Department of Justice seize over $6 million linked to a crypto scam in Southeast Asia.
Tether aids the U.S. Department of Justice in seizing over $6 million linked to a crypto-confidence scheme in Southeast Asia, demonstrating its commitment to combating fraud.
The US Department of Justice intercepted another batch of confidence scam wallets, containing $6M in USDT. Tether, Inc. will once again assist the authorities in blacklisting the addresses.
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire' plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin's one-time ally and fundraising partner.
Tether, the world's largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets.
USDT's anticipated integration into the Lightning Network has been a topic of discussion among crypto enthusiasts for years. Despite the evident advantages Lightning offers—such as instant, low-cost transactions—USDT's transition to this layer has been over and again stalled.
Tether (USDT) is expanding aggressively. Stablecoin growth on TRON and Ethereum is slower, with stronger minting expansion on Celo, Solana, Toncoin, Base, and Optimism.
Tether aids Dutch FIOD, NHCTU, and U.S. Secret Service in dismantling cryptocurrency exchanges involved in money laundering.
Swan Bitcoin took legal action this week against several former employees and a competitor, Proton Management. The company accused them of a deliberate attempt to undermine and seize its Bitcoin mining operations.