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Latest News

Keep up with what's happening in the crypto world in real-time.

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cover-imageBenzinga
June 20, 2024

Mexican Cartels Exploit Bitcoin, Ethereum, Tether To Fund Fentanyl Production

Criminal networks in Mexico are leveraging popular cryptocurrencies to finance the procurement of raw materials for fentanyl production, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). What Happened: The advisory, released on Thursday, highlights the increasing use of digital assets such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Monero (CRYPTO: XMR) and Tether (CRYPTO: USDT) by these organizations to purchase precursor chemicals from suppliers based in China.

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cover-imageCoinPedia
June 20, 2024

Peter Brandt Predicts Tether's Collapse and USD's Demise

Peter Brandt has expressed serious doubts about the stability of Tether, the world's largest stablecoin. This concern echoes that of various financial watchdogs and analysts criticizing USDT and Tether's management. Brandt's comments were in response to a post by Consumers' Research, the nation's oldest consumer protection organization.

Positive
cover-imageBenzinga
June 19, 2024

Could Bitcoin-Backed Stablecoin Be Tether's Next Big Move? Here is What This Crypto Analyst Believes

Renowned cryptocurrency analyst Willy Woo has hinted at the possibility of a Bitcoin (CRYPTO: BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future. What Happened: In a post on Tuesday, Woo praised Tether, the company behind the world's biggest stablecoin by market cap, for their innovative business idea of issuing a stablecoin over collateralized with gold.

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