Latest News and Articles about USDT
Taiwan’s First AML Arrest: Chen’s USDT Dealings Signal New Regulatory Era
Taiwan’s Historic AML Crackdown on Unregistered USDT Dealers: Chen’s Arrest Marks New Era In a major crackdown, Taiwanese authorities arrested 30-year-old Chen from Kaohsiung for operating as an unregistered virtual currency dealer, marking the first case prosecuted under the nation’s new anti-money laundering (AML) laws. Chen’s activities involved hundreds of Tether (USDT) transactions facilitated through […]
Read MoreTether Expands into AI Filmmaking with $775M Rumble Investment
Tether Ventures into AI Filmmaking Amid Strategic Expansion and Stablecoin Dominance Tether, the powerhouse behind the leading stablecoin USDT, is embarking on a bold journey into the world of artificial intelligence, with a specific focus on AI-driven filmmaking. This move not only aims to diversify Tether’s portfolio but also seeks to revolutionize how films are […]
Read MoreKazakhstan Blocks 3,500+ Illegal Crypto Exchanges in Regulatory Crackdown
Kazakhstan’s Crackdown on Illegal Crypto Exchanges: A Balancing Act In a bold move to combat financial crime, Kazakhstan has blocked over 3,500 illegal cryptocurrency exchanges, signaling a stringent regulatory approach that reflects both the country’s ambition to become a crypto hub and its commitment to curbing illegal activities. Over 3,500 illegal crypto exchanges blocked 36 […]
Read MoreT3FCU Freezes $126M in USDT, Targets Crypto Crime on Tron Network
T3FCU Cracks Down on Crypto Crime with $126M Freeze The T3 Financial Crime Unit (T3FCU), formed by Tron, Tether, and TRM Labs in August 2024, has frozen over $126 million in USDT linked to various illegal activities. This initiative is setting a new standard for security and accountability in the crypto ecosystem. T3FCU freezes $126M […]
Read MoreDongdaemun Market Vendors Deny USDT Adoption, Stick to Cash
South Korea’s Dongdaemun Market Vendors Reject USDT Payment Adoption Claims At Seoul’s bustling Dongdaemun Market, cash is still the king of transactions. Vendors have firmly denied recent reports suggesting widespread adoption of the stablecoin USDT (a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar) for payments, particularly with Chinese […]
Read MoreTether Burns 1B USDT: Impact on Bitcoin, Ethereum, and Crypto Market Dynamics
Tether’s Bold Move: Burning 1 Billion USDT and Its Ripple Effects on Bitcoin and the Crypto Market What happens when a trillion-dollar company decides to burn $1 billion in a day? Tether, Inc. closed out 2024 with a bang by burning 1 billion USDT, reducing its total supply from 138 billion to 137 billion. This […]
Read MoreTether Bolsters Bitcoin Reserves by $700M Amid EU Regulatory Storm
Tether Boosts Bitcoin Reserves with $700 Million Transfer Amid Regulatory Challenges In a bold move amidst regulatory storms, Tether has transferred a staggering $700 million in Bitcoin to its reserves. This strategic maneuver highlights Tether’s commitment to steering the Bitcoin wave with a $700 million paddle. Tether transferred 7,629 BTC to its reserve Largest transaction […]
Read MoreTether’s USDT Faces Uncertainty with EU MiCA Regulations Looming
Tether Faces Regulatory Challenges Under EU MiCA Regulation Uncertainty surrounds Tether’s USDT stablecoin as the European Union gears up to enforce its Markets in Crypto-Assets (MiCA) regulation by December 30, 2023. This uncertainty is causing ripples in the crypto markets. While Coinbase has already delisted USDT out of compliance concerns, other exchanges like Binance and […]
Read MoreArgentina Freezes $3.5M in USDT: Unveiling the Rainbowex Crypto Ponzi Scheme
Argentina’s Crackdown on Rainbowex: A Crypto Ponzi Scheme Unraveled Argentine authorities have taken decisive action by freezing $3.5 million in USDT tied to Rainbowex, an elaborate Ponzi scheme masquerading as a legitimate crypto investment platform. This intervention has led to multiple arrests and reignited debates on the decentralization of stablecoins. Argentine authorities froze $3.5 million […]
Read MorePatricia Plans Token-Based Repayment to Rebuild Trust After 2022 Cyberattack
Patricia’s Plan to Rebuild Trust After Cyberattack: A Closer Examination Patricia Technologies, a Nigerian cryptocurrency trading platform, is addressing the fallout from a cyberattack that led to losses of over 600 million naira in 2022. The company is initiating a repayment plan to compensate affected users and restore trust. After losing over 600 million naira […]
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