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Lugano has taken significant steps in crypto adoption by embracing digital asset payments and recognizing BTC, USDT, and its LVGA token as legal tender.
Tether CEO Paolo Ardoino has previewed the company's latest innovation in Artificial Intelligence at the Lugano Plan ₿ event. The AI development kit prioritizes privacy and leverages peer-to-peer (P2P) technology, enabling developers to write code once and deploy it across various platforms.
Circle chief executive officer, Jeremy Allaire has confirmed that the stablecoin issuing company remains committed to launching an initial public offering (IPO). Interestingly, these comments have come amidst a controversial report on Circle's biggest competitor Tether.
The cryptocurrency market is currently facing turbulence following reports of a U.S. investigation into Tether, one of the market's most crucial stablecoins. As uncertainty looms, the implications of this investigation could have far-reaching effects on the broader crypto ecosystem.
Tether denies investigation claims, confirms no IPO plans, and unveils a Satoshi Nakamoto statue, signaling its commitment to crypto innovation.
The crypto market faced intense volatility as reports surfaced of a possible investigation into Tether, followed by heightened geopolitical tensions in the Middle East. On October 25, the Wall Street Journal reported that the U.S. Attorney's Office might be probing Tether over alleged third-party misuse of its platform.
Tether (USDT) has recently experienced sustained capital inflows, with the stablecoin hitting historic market cap levels. While such a trend is historically positive for the crypto market, analysis suggests that this momentum may not be ideal for Bitcoin (BTC).
As Tether faces renewed regulatory scrutiny, Bitcoin's future is hanging in the balance.
Bitcoin and other major cryptocurrencies encountered sharp price swings following a controversial report on Tether, which occurred amid escalating tensions in the Middle East.
As reported by U.Today, in May 2024, Ripple chief executive officer Brad Garlinghouse, while talking about crypto and blockchain on a podcast, mentioned that he expected a “Black Swan event” to happen to Tether over its chief product – USDT.
Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether's scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility.
Tether's CEO, Paolo Ardoino, refuted claims by the Wall Street Journal that US federal authorities are investigating the company for potential money laundering.
Tether, the largest stablecoin by market cap, is under investigation by federal prosecutors in Manhattan for potential money laundering and sanction violations. Tether denounced the report as unverified speculation. However, the crypto market data indicates that rumors regarding the probe against the stablecoin have heavily impacted the entire crypto market.
Cryptocurrencies declined after the WSJ Tether report announced investigations against the company due to its ties to sanctioned individuals.
Crypto rout sends XRP below $0.50. Ripple's cross-appeal fuels legal debate as SEC delays draw investor criticism.
The broader crypto market crashed with the Bitcoin (BTC) price dropping 2% taking a dip to the support levels of $65,500 again. Following Israel's attack on Iran's military targets, the altcoins are seeing even greater pullback with Ethereum, BNB, SOL, and XRP falling by 3-6% each.
This inquiry is being spearheaded by the US Attorney's office in Manhattan. Tether is being investigated by the US Treasury Department for possible sanctions.
Tether investigation by U.S. authorities, including the DOJ and Treasury, is underway into USDT transactions used by sanctioned groups like Hamas and Russian arms dealers.
Cryptocurrency company Tether condemned a report from The Wall Street Journal (WSJ) posted Friday (Oct. 25) that said federal agencies are investigating the company for possible violations of sanctions and anti-money laundering (AML) rules. The WSJ report cited unnamed sources.
A new statue depicting Bitcoin's anonymous creator Satoshi Nakamoto has just been unveiled in Switzerland. Earlier this morning at the 3rd Annual Lugano Plan B forum in Switzerland, the Plan B Initiative, a collaboration between Tether and the city of Lugano, revealed a statue honoring the faceless BTC creator.
Crypto markets erased $5B of their value within an hour on the news of a possible renewed Tether investigation on anti money-laundering practices. The market recovered soon after the initial shock.
Dogecoin insider Mishaboar has sent an open letter to the community with advise to shun stablecoins like USDT, USDC and even PYUSD. According to him, holding these assets are “inherently risky” and can harm holders.
According to a Friday report, the United States Justice Department has launched a criminal investigation into stablecoin issuer Tether. The probe is reportedly meant to determine whether the company violated anti-money laundering rules and sanctions.
Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the U.S government. This comes in response to a Wall Street Journal report on an alleged probe by U.S. authorities into Tether's involvement in sanction violations and anti-money laundering (AML) breaches.
