Category: USDT
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Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share
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Even with several high-profile crashes and decoupling events in recent years, stablecoins have continued to take market share from fiat currencies, reflecting increasingly strong demand. Although the stablecoin market remains highly concentrated, with Tether’s USDT leading the way, its dominance has been eroding over the past two years. In fact,…
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Bitcoin Cycle Peak: How The USDT Dominance Could Predict The Top
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Cryptographers have used Multiple gauges on the chain Indicators to analyze whether Bitcoin’s peak has already reached this bullish level or not. This time, cryptocurrency analyst Thomas pointed to USDT’s dominance to determine Bitcoin at the top of the market. How USDT Dominance Predicts Bitcoin Top Thomas claimed on X…
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Bitcoin Cycle Peak: How The USDT Dominance Could Predict The Top
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Cryptographers have used Multiple gauges on the chain Indicators to analyze whether Bitcoin’s peak has already reached this bullish level or not. This time, cryptocurrency analyst Thomas pointed to USDT’s dominance to determine Bitcoin at the top of the market. How USDT Dominance Predicts Bitcoin Top Thomas claimed on X…
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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report
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In Tsung Kwan O, Hong Kong, a 3-year-old boy was kidnapped from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of US$660,000, equivalent to about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were I ordered To download the Telegram messaging app…
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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report
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In Tsung Kwan O, Hong Kong, a 3-year-old boy was kidnapped from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of US$660,000, equivalent to about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were I ordered To download the Telegram messaging app…
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USDT Minting On Ethereum And Tron Falls From $7 Billion To $1 Billion In 6 Months
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Despite being pumped into spot market prices, Tron has not escaped the wrath of the bulls after hitting its peak in February. Like other altcoins such as Solana and Ethereum, which surged to 2024 highs in March, Tron has been in the red for the last month of trading and…
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USDT Minting On Ethereum And Tron Falls From $7 Billion To $1 Billion In 6 Months
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Despite being pumped into spot market prices, Tron has not escaped the wrath of the bulls after hitting its peak in February. Like other altcoins such as Solana and Ethereum, which surged to 2024 highs in March, Tron has been in the red for the last month of trading and…
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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
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Popular New York-based cryptocurrency exchange Uphold has announced the delisting of six stablecoins in response to the EU’s upcoming MiCA regulation, including Tether (USDT) — the largest of the group. This decision is in line with the Markets in Cryptoassets (MiCA) regulation, which comes into full effect on June 30,…
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Could Uphold’s Tether Delisting Signal Trouble for USDT in Europe?
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Popular New York-based cryptocurrency exchange Uphold has announced the delisting of six stablecoins in response to the EU’s upcoming MiCA regulation, including Tether (USDT) — the largest of the group. This decision is in line with the Markets in Cryptoassets (MiCA) regulation, which comes into full effect on June 30,…
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Tron Network’s USDT Surpasses Visa’s Daily Transaction Volume
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The world of finance is undergoing a profound transformation, as the emergence of decentralized technologies challenges the dominance of traditional payment transactions and credit cards. In a notable development, the Tron network has achieved a milestone, with daily USDT transaction volume exceeding the average daily trading volume of global payment…
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Tron Network’s USDT Surpasses Visa’s Daily Transaction Volume
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The world of finance is undergoing a profound transformation, as the emergence of decentralized technologies challenges the dominance of traditional payment transactions and credit cards. In a notable development, the Tron network has achieved a milestone, with daily USDT transaction volume exceeding the average daily trading volume of global payment…
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Stablecoin Giant USDT (Tether) Solidifies Foothold In Bitcoin Mining With 25% Stake In Bitdeer
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In an exciting development, the issuer of the stablecoin USDT, pregnancy, made a strategic investment by acquiring a significant 25% stake in prominent Bitcoin mining company, Bitdeer. The move, as confirmed by a recent SEC filing, places Tether as Bitdeer’s second-largest shareholder, after Victory Courage Ltd., a company linked to…
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Over 450 Million USDT Worth Of Crypto Lost To Crypto Hacks And Rug Pulls In 2024, Reports ImmunFI
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Drum Image: Crypto News The cryptocurrency industry has faced a worrying trend in recent years, as cybercriminals are increasingly targeting decentralized finance (DeFi) projects and centralized exchanges through sophisticated hacking methods. According to a comprehensive report by security services provider Immunefi, the cryptocurrency ecosystem incurred a staggering $473 million in…
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Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report
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Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…
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Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report
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Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…
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Tether froze $5.2m USDT from suspected scammers
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Tether, the stablecoin issuer, has frozen about $5.2 million on addresses believed to be operated by scammers. Blockchain Analytics Store SlowMist mentioned 12 Ethereum addresses with deactivated Tether (USDT) holdings were involved in the freeze. Each wallet was labeled as a “blocked USDT address,” and a security researcher at SlowMist…
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Tether CEO Slams Ripple Chief for Spreading FUD About USDT
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Tether CEO Paolo Ardoino criticized Ripple CEO Brad Garlinghouse for spreading fear, uncertainty and doubt (FUD) around USDT, the largest stablecoin offering. on monday tweetArduino explained Tether’s efforts to maintain the global financial ecosystem while maintaining regulatory compliance by working with law enforcement agencies to combat criminals. Post FUD around…
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Tether CEO Slams Ripple Chief for Spreading FUD About USDT
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Tether CEO Paolo Ardoino criticized Ripple CEO Brad Garlinghouse for spreading fear, uncertainty and doubt (FUD) around USDT, the largest stablecoin offering. on monday tweetArduino explained Tether’s efforts to maintain the global financial ecosystem while maintaining regulatory compliance by working with law enforcement agencies to combat criminals. Post FUD around…
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Ethena Partners With Bybit, Is This An “Attack” On USDT And USDC?
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In a post on X, one of the analysts now Claims Traditional fiat-backed stablecoins such as USDT and USDC should prepare for a “major” attack given the growing popularity of Ethena’s USDe coin. This warning comes after Ethena and USDe integrated with Bybit, a cryptocurrency exchange that allows perpetual trading.…
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Heir to Cartier empire arrested for attempted money laundering using USDT
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The US Department of Justice (DoJ) has arrested Maximilien de Hoop Cartier, the successor to the French luxury brand Cartier, on charges of money laundering using cryptocurrencies. On May 2 IndictmentThe accused has been accused of drug trafficking and money laundering using the popular stablecoin Tether (USDT). A direct descendant…