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Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT

[yesterday 7:30 AM] A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the…

US bids to seize Bankman-Fried’s crypto allegedly used in China bribes

[yesterday 5:00 AM] Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.

Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto

[Nov 12 7:16 PM] Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.

Tether launches open-source wallet development kit for humans and AI

[Nov 12 5:24 AM] The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device.

Canadian police praise Tether for 'swift' recovery of stolen funds

[Nov 8 9:45 PM] The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

[Nov 8 10:30 AM] A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer…

Tether swaps more than 2 billion USDT to the Ethereum network

[Nov 6 9:48 PM] The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. 

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

[Nov 5 10:00 AM] The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the…

Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT

[Nov 2 6:30 AM] Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one…

Inside Tether’s $14.2B Equity Peak—Key Takeaways From the Q3 Attestation

[Nov 1 1:30 PM] Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether’s Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest…

Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B

[Oct 31 8:20 PM] Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion. 

Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries

[Oct 31 8:08 PM] The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

[Oct 31 9:00 AM] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional…

U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

[Oct 30 8:42 PM] The U.S. Treasury Department's panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the…

Stablecoins boosting demand for US T-bills: Treasury Dept

[Oct 30 8:04 PM] The United States Treasury Department is taking an interest in stablecoins and tokenization.

Bitcoin traders take a breather as BTC price metrics hint new highs are incoming

[Oct 30 7:40 PM] Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs 

Circle raises USDC cash-out fees, affecting large-scale redemptions

[Oct 29 9:20 PM] The fee structure revision primarily affects institutional investors and high-volume traders.

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

[Oct 28 5:27 PM] The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.

Circle CEO Hypes Stablecoin Market Growth With Astounding Prediction

[Oct 28 2:55 PM] Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this…

EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO

[Oct 28 9:52 AM] Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.

Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services

[Oct 28 5:30 AM] Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging…

Tether CEO breaks down reserves backing USDT stablecoin

[Oct 27 7:55 PM] The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.

Wintermute to take Ethena’s USDe as trading margin

[Oct 25 5:15 PM] Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

[Oct 23 1:49 PM] The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S

Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation

[Oct 22 6:23 PM] Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he's counting on sensible crypto regulations coming soon from the U.S. "There is no place like the U.S.," he said via video link at DC Fintech Week in Washington.

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

[Oct 20 12:46 PM] The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Venezuelans Crave USDT as Dollar Exchange Rate Explodes

[Oct 17 6:20 PM] Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the…

US lagging behind in global stablecoin adoption — Chainalysis

[Oct 17 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms

[Oct 16 9:30 AM] The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira and vice versa. The two Nigerian cryptocurrency firms, Paparaxy Global Ventures Limited and…

Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure

[Oct 16 3:30 AM] Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and…