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Tether Operations Limited, the largest company in the digital asset industry, announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of
Ripple CEO Brad Garlinghouse recently hinted at potential regulatory action by the US government against Tether (USDT) in the cryptocurrency sector.
Binance Futures has launched a new Funding Rate Arbitrage Bot, offering users the opportunity to share in a 50,000 USDT prize pool.
The police highlighted two prominent cases, one of which involved a smuggling network that masqueraded as a bank in the Sichuan region.
It's not exactly the news that investors of cryptos to watch wanted to hear.
Yesterday Tether, the world's largest stablecoin issuer, identified and blocked 12 crypto addresses with a total value of 5.2 million USDT, after detecting suspicious origins from fake phishing attempts. With this move, the company based in the British Virgin Islands reaffirms its commitment and dedication to fighting scams and illicit activities in the crypto sector.
Stablecoin issuer Tether has taken action by freezing $5.2 million worth of its stablecoin, Tether (USDT), following its connection to phishing scams.
Chinese police in Sichuan reportedly intensified crackdowns on underground banking networks, with a particular focus on USDT transactions totaling billions of U.S. dollars.
Discover top cryptos to buy, each having market leadership, technological advances and robust business models.
To combat illicit financial activities, Tether, the entity behind the world's largest stablecoin by market capitalization, has frozen approximately 5.2 million USDT. The crypto tracking and compliance platform MistTrack detailed this action, which targeted 12 Ethereum addresses identified as part of phishing operations.
Stablecoin issuer Tether froze around 5.2 million USDT on addresses believed to be operated by phishing scammers.
The partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to empower individuals and businesses in the region to utilize the power of blockchain technology.
The USDT stablecoin issuing company, Tether, has partnered with RAK Digital Assets Oasis.
The announcement by Binance to stop supporting XRP could have some negative sentiment on the coin as various speculations about the possible reasons are expected to start flying.
Amid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah.
5 million USDT were freezed from 12 addresses which were under suspicion. MistTrack labelled the addresses as “USDT disabled addresses.
TL;DR Tether Freezes Funds: Tether has frozen 5.2 million USDT tokens linked to 12 Ethereum addresses suspected of money laundering by phishing groups, highlighting increased security measures in the crypto space.
Has Ripple CEO's stance on Tether impacted industry dynamics amidst USDT's ongoing monthly supply dominance?
Tether, the world's largest stablecoin issuer, has taken decisive action by freezing $5.2 million in USDT, distributed across 12 Ethereum (ETH) wallets, to address and mitigate phishing-related security threats.
Tether freezes $5.2 million in USDT linked to phishing scams, as the company continues to combat illicit activities and defend its stablecoin against criticism.
Tether partners with RAK DAO to develop educational initiatives on Bitcoin and stablecoins in the Ras Al Khaimah region.
A Tether spokesperson stated that the decision to block addresses using USDT to purchase oil from PDVSA is part of the company's commitment to preventing payments linked to the OFAC sanctioned entities.
The Tether community assumed the Ripple CEO made an attempt to pull USDT down to position its incoming stablecoin.
Tether CEO Paulo Ardoino has slammed Ripple chief Brad Garlinghouse for his comments about enforcement action against Tether, adding he was spreading fear, uncertainty, and doubt (FUD) about USDT.
