United States, May 2025: In a significant legal development highlighting the global crackdown on cryptocurrency fraud, Chinese national Jingliang Xu has been sentenced to 46 months in federal prison for masterminding a sophisticated $37 million crypto scam that specifically targeted U.S. citizens. The sentencing, first reported by Decrypt, marks a decisive victory for U.S. authorities […]
Singapore, March 21, 2025: Global cryptocurrency exchange Bybit has officially announced the addition of a new digital asset to its spot trading markets. The platform will list the USAT/USDT trading pair, with trading scheduled to commence at 2:00 p.m. UTC today. This move represents a strategic expansion of Bybit’s market offerings, providing its user base […]
Global, April 2025: In a move that sent ripples through both the cryptocurrency and traditional finance sectors, stablecoin giant Tether Holdings Ltd. confirmed a massive acquisition in the final quarter of 2024. According to reports verified by the company, Tether purchased approximately 27 metric tons of physical gold. Based on prevailing market prices, this colossal […]
Global, January 27, 2025: In a significant move that underscores the accelerating convergence of cryptocurrency and traditional finance, Binance, the world’s largest digital asset exchange, has confirmed the imminent listing of TSLA/USDT perpetual futures. The groundbreaking new derivative product will go live on January 28, 2025, at 2:30 p.m. UTC. This announcement follows the exchange’s […]
CARACAS, Venezuela — December 2024: Venezuelan demand for the stablecoin USDT has surged dramatically following recent U.S. military intervention, with the digital asset’s price spiking approximately 40% in peer-to-peer markets as residents desperately seek financial sanctuary from their collapsing national currency. This unprecedented movement represents a critical case study in how geopolitical instability accelerates cryptocurrency […]
In a significant operational update affecting the South Korean cryptocurrency market, leading exchange Bithumb has announced a temporary suspension of Tether (USDT) withdrawals via the Tron network. This decisive action, effective from 3:55 a.m. UTC on January 19, directly results from scheduled wallet system maintenance. Consequently, traders and investors relying on the TRC-20 standard for […]
SEOUL, South Korea – In a remarkable market reversal that has captured global attention, cryptocurrency traders are witnessing an unusual phenomenon: a reverse Kimchi premium has emerged for both Bitcoin and Tether (USDT) on major South Korean exchanges. This development marks a significant departure from historical patterns where digital assets typically traded at substantial premiums […]
Tether, the issuer of the world’s largest stablecoin, USDT, recently announced a significant financial milestone. The company’s **net profit** for the first three quarters of 2023 remarkably surpassed **$10 billion**. This achievement underscores Tether’s robust financial health and its growing influence within the broader cryptocurrency ecosystem. Investors and market observers are closely watching these **Tether […]
In a decisive move, South Korean crypto exchange Bithumb has pledged full compensation to users. This action addresses losses from a sudden USDT price surge on its coin lending service. The incident highlights the volatile nature of digital assets and the importance of robust user protection measures. Explaining the USDT Price Anomaly The incident occurred […]
The cryptocurrency world recently witnessed a significant announcement. Tether, the leading issuer of the **USDT stablecoin**, revealed a crucial addition to its executive team. The company officially hired Benjamin Habbel as its new Chief Business Officer (CBO). This strategic move immediately captured industry attention. It signals Tether’s commitment to strengthening its global business operations. Indeed, […]
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