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Crypto asset exchange and wallet provider Crypto.com has announced that it will delist Tether, the world's leading stablecoin, for Canadians. The post Crypto.com to Delist Tether in Canada to Satisfy Updated Crypto Regulations appeared first on BeInCrypto.
USDT is the world's most important stablecoin, but not in Canada. Crypto.com had to delist to comply with regulations.
Effective January 31, Crypto.com will delist Tether (USDT) for Canadian customers. The exchange has warned users that their Tether would be automatically changed into USD Coin if they don't withdraw or convert before the deadline (USDC).
Registered cryptocurrency exchanges in Ontario, Canada cannot list USDT due to regulatory prohibition.
Crypto.com announced the delisting of the Tether-issued stablecoin USDT to comply with the financial regulator in Canada.
After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX's bankruptcy dealt a massive blow to public trust in centralized crypto entities. The post Research: USDC adoption grows post-FTX collapse; USDT remains flat appeared first on CryptoSlate.
In a decision that is likely to raise concerns in the cryptocurrency industry, Crypto.com has announced that it will no longer support Tether (CRYPTO: USDT) on its platform in Canada, with the delisting taking effect on Jan. 31 at 1:00 p.m. ET. This means that all USDT transactions on the platform will be suspended, and the currency will be removed from the Crypto.com App in the North American nation.
Cryptocurrency exchange Crypto dot com will delist USDT and USDT trading pairs on its app and platform for residents in Canada on January 31 at 06:00 UTC, according to an email shared with the users of the jurisdiction. The post Crypto.com to delist USDT for Canadians appeared first on CryptoSlate.
The exchange said it will no longer facilitate transactions associated with the stablecoin at the end of the month.
While the new year has so far produced positive results for cryptos, investors need to be extremely vigilant about what may lie ahead.
It's been almost two months since crypto exchange FTX filed for Chapter 11 bankruptcy, but the dark details of what happened during the crisis continue to pop up even today. As per the latest Forbes report, the USDT stablecoin issuer Tether received a call from disgraced FTX founder Sam Bankman-Fried just ahead of filing for The post Why Tether Refused To Help FTX During Crisis appeared first on CoinGape.
Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. The post Op-ed: What happens to Tether, stablecoins in the event of dollar collapse?
The citizens of Nigeria are utilizing Tether stablecoin for their everyday purchases. At present, Tether's price is almost $0.9998.
Alex Mashinsky, founder and CEO of the Celsius Network, is facing more legal trouble even after his resignation.
Compounding the crypto world's two major failures in 2022
Key Points: According to an exclusive report from WuBlockchain, Huobi is reportedly in talks with its staff members about switching the form of employees' salaries from fiat currency to USDT or USDC.
Fake news is spreading about USDT, which can be easily debunked
At the beginning of 2023, the market participants believed that the crypto space may respond positively after being extremely bearish throughout the year 2022. However, the events that dragged the value of most of the cryptos lower may have a deep impact in 2023 too.
With a new year upon us, blockchain investors may have some optimism but it's important to be realistic with cryptos.
Tether has de-pegged from its intended $1 benchmark despite bullish trend of broader market
Tether's USDT and Circle's USDC were last printed in May and June respectively.
Several hedge funds have been shorting Tether (USDT) stablecoin because of the multiple speculations about its financial health. The post The Big Short: Institutional Investors Are Betting Against Tether USDT appeared first on BeInCrypto.
Alameda's wallets become active after SBF bailout, concerns about timing
On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the ‘FTX Accounts Drainer,' traded large sums of ERC20 tokens for digital assets like tether, ethereum, and bitcoin.
