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Tether invested another $380 million in Bitcoin
The issuer of the largest stablecoin by capitalization, USDT Tether, invested an additional $380 million in Bitcoin in IV 2023, bringing the total investment volume to 2.8 billion. Thus, at the end of the reporting period, the company purchased 8,888 BTC, and now has 66,465 coins in its account.
The Block material
#Tether #Tether. #TetherCEO #TetherUpdate #BTC!💰
The issuer of the largest stablecoin by capitalization, USDT Tether, invested an additional $380 million in Bitcoin in IV 2023, bringing the total investment volume to 2.8 billion. Thus, at the end of the reporting period, the company purchased 8,888 BTC, and now has 66,465 coins in its account.
The Block material
#Tether #Tether. #TetherCEO #TetherUpdate #BTC!💰
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Tether representatives responded to UN statements
Tether representatives published a message expressing disappointment with the latest UN report and questioning the use of USDT in criminal activities. The stablecoin issuer advised the organization to better understand how blockchain works and what advantages this technology has.
This position of the organization devalues the role of USDT in helping developing economies, which are completely ignored by global financial markets, the company believes.
Representatives called the monitoring of stable coins unprecedented. This was mainly achieved through cooperation with law enforcement agencies. According to Tether, the level of traceability of stablecoins currently exceeds the systems of traditional banks, which “have served as a receptacle for the laundering of significant amounts of money for decades.”
The company also called on the UN to cooperate as it consistently advocates for transparency and accountability in digital assets.
#Tether. #Tether #Tether #TetherUpdate
Tether representatives published a message expressing disappointment with the latest UN report and questioning the use of USDT in criminal activities. The stablecoin issuer advised the organization to better understand how blockchain works and what advantages this technology has.
This position of the organization devalues the role of USDT in helping developing economies, which are completely ignored by global financial markets, the company believes.
Representatives called the monitoring of stable coins unprecedented. This was mainly achieved through cooperation with law enforcement agencies. According to Tether, the level of traceability of stablecoins currently exceeds the systems of traditional banks, which “have served as a receptacle for the laundering of significant amounts of money for decades.”
The company also called on the UN to cooperate as it consistently advocates for transparency and accountability in digital assets.
#Tether. #Tether #Tether #TetherUpdate
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The heir to the Cartier jewelry company was accused of laundering proceeds through USDT
US authorities have arrested the heir to the Cartier jewelry empire, charging him with conspiracy to launder drug proceeds using Tether (USDT).
Miami law enforcement has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace and bracelet company, on suspicion of collaborating with a Colombian drug cartel.
Along with five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, doing so primarily through over-the-counter (OTC) USDT transactions. During this time, the criminals managed to launder only $14.5 million.
Currently, Cartier is in a pre-trial detention center in Miami, and his accomplices are in Colombian prisons.
#USDT. #USDT。 #Tether #Tether.
US authorities have arrested the heir to the Cartier jewelry empire, charging him with conspiracy to launder drug proceeds using Tether (USDT).
Miami law enforcement has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace and bracelet company, on suspicion of collaborating with a Colombian drug cartel.
Along with five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, doing so primarily through over-the-counter (OTC) USDT transactions. During this time, the criminals managed to launder only $14.5 million.
Currently, Cartier is in a pre-trial detention center in Miami, and his accomplices are in Colombian prisons.
#USDT. #USDT。 #Tether #Tether.
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Tether forms strategic alliance with former subsidiary rhino.fi
Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.
The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).
Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.
#Tether. #Tether #TetherCEO #TetherUpdate
Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.
The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).
Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.
#Tether. #Tether #TetherCEO #TetherUpdate
Tres Finance, the developer of the Decentralised Finance ( #DeFi ) system, alerted the public to a scam involving phoney #tokens intended to seem like real transactions.
Idan David, the technical lead for Tres Finance, and Tal Zackon discussed the specifics of a scam involving false transactions that seem like legal ones in an interview. The scammers, according to the duo, try to convince unwary customers to copy the incorrect wallet address and transfer their transactions there.
David went on to say that con artists frequently spot and target wallets containing significant quantities of #stablecoins like #Tether. Once the scammers have their objectives in focus, they establish wallet addresses that appear to be comparable and fake versions of actual tokens.
Idan David, the technical lead for Tres Finance, and Tal Zackon discussed the specifics of a scam involving false transactions that seem like legal ones in an interview. The scammers, according to the duo, try to convince unwary customers to copy the incorrect wallet address and transfer their transactions there.
David went on to say that con artists frequently spot and target wallets containing significant quantities of #stablecoins like #Tether. Once the scammers have their objectives in focus, they establish wallet addresses that appear to be comparable and fake versions of actual tokens.
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Media: OKX will remove USDT trading pairs in Europe
Cryptocurrency exchange OKX will delist trading pairs with USDT stablecoin from Tether for clients from the EEA. The Block writes about this.
The publication refers to an email received by one of the European traders, and cites the upcoming entry into force of the bill on the regulation of cryptocurrencies in the European Union (Markets in Crypto Assets, MiCA) as the reason. The document will come into force in full on December 30, 2024.
A support representative confirmed to reporters that the “stablecoin” has become unavailable to users in the EEA since March 14.
ForkLog reached out to OKX for comment but had not received a response at the time of writing.
#Tether #OKX #OKX. #Tether. #HotTrends
Cryptocurrency exchange OKX will delist trading pairs with USDT stablecoin from Tether for clients from the EEA. The Block writes about this.
The publication refers to an email received by one of the European traders, and cites the upcoming entry into force of the bill on the regulation of cryptocurrencies in the European Union (Markets in Crypto Assets, MiCA) as the reason. The document will come into force in full on December 30, 2024.
A support representative confirmed to reporters that the “stablecoin” has become unavailable to users in the EEA since March 14.
ForkLog reached out to OKX for comment but had not received a response at the time of writing.
#Tether #OKX #OKX. #Tether. #HotTrends
