A cryptocurrency investor has successfully recovered $129 million in USDT hours after mistakenly sending the funds to a phishing address on the TRON blockchain. The incident, reported by blockchain security platform Scam Sniffer, began when the investor accidentally transferred the substantial sum to a fraudulent address that closely resembled the ...
Binance Futures has expanded its offerings with the addition of MOODENG, a popular Solana-based meme coin, to its futures contract listings. The new perpetual contract, which uses Tether(USDT) as its settlement asset, launched with a capped funding rate of 2.00%/-2.00% and four-hour funding fee settlements. As stated in its notice, ...
Binance has once again played a crucial role in assisting Indian authorities in dismantling a fraudulent crypto-linked operation. According to Inc42, a local media outlet, over $100,000 worth of USDT was confiscated, and several arrests were made in the investigation. The scam was reportedly orchestrated by a fraudulent entity known ...
Binance has released its Proof-of-Reserves (PoR) report for September 2024, and it reveals a big struggle for the cryptocurrency market during the month. The report marks the 23rd update on Binance's reserves and shows notable declines in Bitcoin, Ethereum, and Tether held by the exchange. According to the report, 9,577 ...
Tether Operations Limited has announced it will launch its U.S. dollar-pegged stablecoin, USDT, on the Aptos blockchain. According to a recent press release from the company, the move is part of Tether's ongoing strategy to expand its stabelcoin accessibility and utility. Aptos' technology, known for "extremely low gas fees, costing ...
Tether is planning to double its workforce by mid-2025, with a significant focus on bolstering its compliance team. According to CEO Paolo Ardoino, Tether Holdings Ltd., the company behind the USDT stablecoin, aims to expand its staff to approximately 200 employees. In an interview with Bloomberg on August 8, Ardoino ...
Chinese authorities have uncovered a massive illegal underground banking network valued at $1.9 billion allegedly using cryptocurrencies in its operations to evade scrutiny after a two-year investigation, according to local reports. Authorities have arrested 193 suspects nationwide in connection with this case and frozen assets worth 149 million yuan (about ...
Binance.US has announced that it has now designated USDT as the "base asset" for all its transactions in line with its transition to a crypto-only exchange. As a result, its users will have to convert their deposited U.S. dollars into USDT to access the services offered on the platform. The ...
Cryptocurrencies have gained recognition as a promising substitute for conventional currencies, although their volatility has sparked legitimate concerns. However, a solution has emerged in the form of stablecoins, a novel development within the crypto industry. Stablecoins are specifically designed to tackle the volatility issues commonly associated with traditional cryptocurrencies. These ...
According to Whale Alert, Tether released a fresh batch of USDT tokens worth $1 billion on the Ethereum blockchain on June 12, 2023. This issuance comes just two months after their previous release on April 21, 2023. Paolo Ardoino, Tether's chief technology officer, took to Twitter to clarify that this ...
