Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT associated with a tech support scam network, according to a Mar. 12 statement . The fraudulent scheme targeted vulnerable elderly individuals through deceptive pop-up advertisements. These misleading ads falsely alerted victims to compromised… Continue reading Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

USDT-settled futures contracts are gaining popularity, here’s why

Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader?

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans.

Too late for Tether ‘FUD’ as Bitcoin price poised to hit $63K, says trader filbfilb

Accusations around Tether bringing down Bitcoin at a later date are dead in the water, the analyst argues in the wake of S&P500 adoption.

Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with 24-hour trading volume in USDT (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined. Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether parent-company iFinex for fraud… Continue reading Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe

Bitfinex says early Friday it repaid fully of the loan to Tether.

After Yearn exploit, attacker funds frozen and reimbursement plans developing

Seized funds bring the damage down to $9 million as multiple communities ponder the next step in reimbursing user funds

Coin Metrics co-founder takes aim at WSJ’s Tether FUD

Reputable data analyst fires back at “wild theories” about Tether reported by the Wall Street Journal.

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Buying in these stablecoins may foretell where the crypto market is going.

USDC on exchanges doubled in January while Tether’s dominance fell to new lows

USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever.