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In a remarkable turn of events, Brazil has witnessed a staggering surge in the adoption of Tether (USDT) in 2023, solidifying its position as the frontrunner in the country's cryptocurrency landscape. According to data from Brazil's revenue service agency, USDT now constitutes a remarkable 80% of all cryptocurrency transactions in the nation.
According to data from Brazil's revenue service agency, the stablecoin Tether (USDT) has seen a considerable increase in adoption.
Brazil's Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether's USDT. According to the regulator's report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022.
USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.
US Senator Cynthia Lummis (R-WY) says the U.S. Department of Justice (DOJ) should press criminal charges against Binance crypto exchange and Tether over their alleged involvement in financing illicit activity.
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.
Kraken is the next major Canadian exchange to wind down support for stablecoins amid regulatory pressure.
According to customer emails, the changes will go into effect on Nov. 30.
Tether has refuted terrorist funding claims following US lawmakers' request for an investigation.
Senators Lummis and Hill push for swift investigation into Binance and Tether for illicit activities.
In response to the allegations, Tether emphasized its commitment to preventing the misuse of cryptocurrencies for illicit activities.
CoinGecko 2023 Q3 Crypto Industry Report reveals key insights on stablecoins, with a focus on Tether, and provides a detailed analysis of the evolving crypto landscape.
US senator Cynthia Lummis and another prominent figure from the republican party, French Hill, have formally called for an investigation into the activities of cryptocurrency exchange Binance and the stablecoin Tether in relation to potential links with recent cases of terrorism financing.
In a joint effort, Senator Cynthia Lummis (R-Wyoming) and Representative French Hill (R-Arkansas) have called on the Department of Justice (DOJ) to swiftly conclude its investigations and decide whether to prosecute cryptocurrency platforms Binance and Tether in connection to their alleged support of terrorist organizations, including Hamas.
In an unprecedented turn of events, Tether's USDT, the leading stablecoin in the cryptocurrency market, has achieved a remarkable milestone, surpassing a market capitalization of over $84 billion this week. This monumental achievement is primarily driven by the overall positive sentiment in the market, which has been ignited by the eagerly anticipated launch of a Bitcoin spot ETF.
In a dramatic and unprecedented move, U.S. Senators Cyntia Lummis and French Hill are calling for the Department of Justice (DOJ) to launch a full-blown investigation and press criminal charges against cryptocurrency giants Binance and Tether.
In a recent development, US lawmakers have urged the US Department of Justice (DOJ) to initiate a criminal investigation into cryptocurrency exchange Binance (BNB) and stablecoin issuer Tether (USDT). The lawmakers, led by Senator Cynthia Lummis, reference a controversial Wall Street Journal (WSJ) report that alleges Hamas and its affiliate raised significant funds through cryptocurrencies.
U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas.
The bipartisan letter comes after lawmakers flagged the use of crypto in terrorism to the Biden Administration.
Two United States Republican lawmakers, Senator Cynthia Lummis, and Rep. French Hill have requested that leading cryptocurrency exchange Binance and stablecoin Tether be made to face prosecution for their connection with recent terrorism financing.
Lummis and Hill want the DOJ to investigate — and potentially take action — to “choke off sources of [terror] funding”
U.S. lawmakers are pressuring the Justice Department to investigate Binance and Tether for allegedly facilitating substantial illicit financing to terrorist groups, including Hamas. In a letter to Attorney General Merrick Garland, Sen.
Congress has urged the Department of Justice (DOJ) to take decisive action against major crypto platforms Binance and Tether over allegations of involvement in illicit finance activities. This call to action comes in light of reports suggesting that some unregulated crypto asset intermediaries might have facilitated significant illicit finance activity over the past two years.
Two U.S. elected officials wrote to the Department of Justice, calling for a concluded investigation on Binance and Tether that could lead to litigation against the pair of crypto heavyweights.
