USDT

The exchange maintains its support for USDT in Europe despite upcoming MiCA regulations. Kraken is actively exploring solutions to comply with MiCA while keeping USDT accessible to European traders. Following a recent report from Cryptocurrency News Flash (CNF), Kraken, a leading U.S.-based cryptocurrency exchange, has unveiled a new division aimed at providing tailored services to institutional investors, focusing on capturing a significant portion of the burgeoning Bitcoin ETF market. Simultaneously, it has been confirmed that Kraken will reaffirm its USDT…

According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.  However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the…

The post China Busts $1.9 Billion Underground Bank Operation Using USDT appeared first on Coinpedia Fintech News An underground bank operation in China was busted for using USDT for foreign currency exchanges involving transactions worth $1.9 billion. The underground operations began on January 21, primarily to smuggle medicine, cosmetics, and investment assets overseas. Authorities destroyed the underground operations in Fujian and Hunan, and the police froze $20 million linked to the operations. Despite the ban on using cryptocurrencies and crypto…

Tether CEO Paolo Ardoino refutes claims by Ripple’s Brad Garlinghouse about US government actions against USDT. Ardoino emphasizes USDT’s crucial role in financial inclusion and stability in emerging markets. In the rapidly evolving world of cryptocurrencies, Paolo Ardoino, CEO of Tether and CTO of Bitfinex, has responded to comments made by Ripple CEO Brad Garlinghouse. Despite Ripple being under a prolonged investigation by the U.S. Securities and Exchange Commission (SEC) and its plans to launch a competing stablecoin, Garlinghouse has…

The US Justice Department has indicted Maximilien de Hoop Cartier for his alleged involvement in laundering proceeds from drug trafficking using Tether (USDT). The indictment discloses how Cartier would use shell companies to defraud financial institutions into believing he was a software and technology company.  The US Justice Department (DoJ) has arrested Maximilien de Hoop Cartier, a direct heir to the Cartier jewelry empire, on charges of money laundering and conspiracy. The arrest comes after allegations surfaced of Cartier’s involvement…

[PRESS RELEASE – Vilnius, Lithuania, May 6th, 2024] BTCC Exchange, the world’s longest-serving cryptocurrency platform, announces the BTCC World Trading Competition (BWTC) 2024 kickoff, featuring an unprecedented prize pool of 10 million USDT. This global competition, organized into three main categories, invites participants worldwide, underlining BTCC’s commitment to inclusivity and diversity in cryptocurrency trading. The competition’s categories—individual trading, copy trading, and referral competition—are designed to accommodate traders of all skill levels and preferences. The individual trading competition, already open for…

Tether partners with Chainalysis to implement a comprehensive surveillance system that monitors USDT transactions on secondary markets to improve security and compliance. Strengthening Surveillance Tether, the issuer of the largest stablecoin USDT, has announced a collaboration with blockchain surveillance company Chainalysis to monitor transactions involving its tokens on secondary markets. This initiative aims to develop a customizable solution to monitor secondary market activity. According to Tether CEO Paolo Ardoino, the collaboration with Chainalysis is a pivotal step in Tether's commitment…

Though Bitcoin prices are fast-dropping, looking at events in the daily chart, one analyst thinks the coin is gearing up for a comeback, citing developments in the USDT dominance chart, or USDT.D.  USDT Dominance Falling, Good For BTC? Taking to X on April 29, the analyst said USDT.D recently fell, breaking below a critical support trend line. Thus far, USDT.D faces strong rejections at immediate resistance levels, signaling weakness. All this, while considering the inverse relation the USDT.D chart has with…

Tether (USDT) has long reigned as the largest stablecoin in the cryptocurrency market, with its widespread adoption and liquidity making it a staple for traders and investors. However, recent reports suggest that its dominance is facing challenges. Despite holding onto the top spot, Tether is gradually losing its market share, largely due to intense competition. Tether Losing Market Share The industry witnessed notable collapses and instances of de-pegging in recent years, but stablecoins have continued to increase their market share…