Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism […]
On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The firm further disclosed that it is actively collaborating with Israel’s National Bureau for Counter Terror Financing (NBCTF) […]
The stablecoin landscape has been stagnant for the last two months, barely exceeding $ 123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade volume. Just a day earlier, they …
Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank accounts after the payment processor suspended deposits and withdrawals in the common European currency. Binance Urges …
A controversy surrounding Alex Welch, an alleged spokeswoman of Tether, the company behind USDT, erupted last week as an article in the Wall Street Journal (WSJ) quoted her as a source for information on the company’s loans. However, Tether CTO Paolo Ardoino denied any involvement of Welch with the stablecoin company, criticizing the publishing practices […]