ReadWrite1 month agoCryptocurrencyChinese police bust illegal crypto ring worth almost $2 billionChinese police uncovered a $1.9 billion USDT underground banking racket in Chengdu, evading China's crypto ban. [ more ]
Coindesk1 month agoCryptocurrencyStablecoin Expansion Stalls Ahead of U.S. Inflation DataThe growth of stablecoins like USDT, USDC, and DAI has stalled post-Bitcoin halving. [ more ]
Coindesk7 months agoCryptocurrencyWhat Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?A crypto hacker drained $27 million worth of tether (USDT) from a cryptocurrency wallet linked to Binance. The stolen stablecoins were quickly converted to ether (ETH) and then to bitcoin (BTC) using the THORChain bridge. The hacker may have inside knowledge of Binance's operations and is speculated to use a mixer to launder the funds. [ more ]
Coindesk1 month agoCryptocurrencyStablecoin Expansion Stalls Ahead of U.S. Inflation DataThe growth of stablecoins like USDT, USDC, and DAI has stalled post-Bitcoin halving. [ more ]
Coindesk7 months agoCryptocurrencyWhat Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?A crypto hacker drained $27 million worth of tether (USDT) from a cryptocurrency wallet linked to Binance. The stolen stablecoins were quickly converted to ether (ETH) and then to bitcoin (BTC) using the THORChain bridge. The hacker may have inside knowledge of Binance's operations and is speculated to use a mixer to launder the funds. [ more ]
Coindesk3 months agoCryptocurrencyTether's USDT Gets Delisted on Crypto Exchange OKX for EU UsersOKX ceased support for USDT trading pairs in EU/EEA OKX focusing on Euro liquidity in the region [ more ]