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Tag: Tether

January 29, 2025

Crypto.com Delists Tether (USDT) & 9 Tokens as MiCA Crackdown Intensifies!

Crypto.com, one of the leading crypto exchanges, has announced it will delist Tether (USDT) and nine other tokens across its European operations starting January 31, 2025, in response to the EU’s Markets in Crypto-Assets (MiCA) regulations. This move signals a growing regulatory push to phase out non-compliant stablecoins ahead of the March 31, 2025, enforcement deadline.

December 29, 2024

Investment Briefing: Tether Faces Ban in the EU Despite European Partner StablR!

FinTelegram anticipates that Tether, the world’s leading stablecoin issuer, may be banned in the EU starting in 2025 due to non-compliance with the EU’s new MiCA (Markets in Crypto-Assets Regulation) framework. Tether has not applied for or received MiCA authorization, raising questions about its future in Europe. Moreover, its investment in the European stablecoin issuer StablR represents a red flag.

December 22, 2024

Tether’s Unbelievable Bet: Investment in StablR Raises Red Flags Over Links to Cybercrime and Financial Scandals

Tether, the world’s leading stablecoin issuer, has shocked the crypto and financial world by investing in StablR, an EU stablecoin issuer run by former Payvision COO Gijs op de Weegh. This move raises serious questions about Tether’s due diligence processes and ethical commitments, as StablR’s leadership is tied to one of Europe’s most notorious financial scandals involving cybercrime facilitation. Crypto investors and stablecoin users should proceed with caution.

Crypto-Trading

December 12, 2024

Stablecoin Sector Surges to $200 Billion Market Cap – A New Milestone

The stablecoin sector has smashed through the $200 billion market cap milestone, fueled by surging demand across crypto markets, payments, and remittances. Key players like Tether and Circle are leading the charge, while innovative yield-bearing tokens are reshaping the landscape. Asset manager Bitwise sees the stablecoin market growing to $400 billion next year.

November 28, 2024

Stablecoin Trading Volume Soars to $1.8 Trillion in November 🚨

Amid the ongoing crypto bull run, stablecoins are breaking records! November saw trading volumes hit $1.8 trillion, fueled by institutional confidence and market momentum. However, the cybercrime and drug businesses also fuel the stablecoin usage. Tether and Circle dominate the space, but newer players like Ethena Labs' USDe are catching attention.

October 28, 2024

Tether Under Federal Scrutiny: Investigations Spark Controversy Amid Strong Denials and Market Turmoil

Recent allegations against Tether, the company behind the USDT stablecoin, have sent ripples through the cryptocurrency market. According to a Wall Street Journal (WSJ) report, U.S. federal prosecutors are investigating Tether for potential anti-money laundering laws and sanctions violations. The probe is allegedly investigating whether third parties have utilized Tether’s stablecoin to finance illegal activities or to launder the money from such activities.

June 14, 2024

Stablecoin USDT Under Scrutiny: Navigating MiCA’s New Crypto Regime in the EU

As the EU's Markets in Crypto-Assets (MiCA) regulatory framework comes into effect, the landscape for stablecoins like USDT is facing significant transformation. MiCA, which aims to provide comprehensive regulation for cryptocurrencies and digital assets across EU member states, introduces stringent requirements for stablecoins, including reserve management, transparency, and consumer protection.

April 8, 2024

Crypto Cybercrime Pays Off: How Binance and Tether Dominate The New Financial Order!

In the shadowy corners of the financial universe, where digital currencies reign supreme, a new reality emerges—one where the tendrils of cybercrime not only take root but thrive, propelling entities like Binance and Tether to unprecedented heights of global dominance. This isn't unfounded speculation but a tapestry of hard truths and figures illuminating the path these giants have tread—a path paved with the spoils of activities interlaced with cybercrime and money laundering.

February 7, 2024

Crypto Payment Processor Oobit Secures Fresh Funds From Tether and Solana!

Stablecoin issuer Tether, the largest company in the crypto industry, has announced its investment in Singapore-based crypto payment processor Oobit, a mobile payment application. The Series A funding round has concluded with $25 million raised for Oobit's ongoing development, supporting its goal of mainstream cryptocurrency adoption. This aligns with Tether's vision of a financially inclusive world.

December 17, 2023

Surprising: Tether Turns Into A Law Enforcement Agent in Combating Financial Crimes!

It is a remarkable development in the crypto world. The stablecoin Tether (USDT) issuer has taken a proactive stance in supporting U.S. law enforcement agencies. The company recently announced that it had frozen 326 wallets containing a total of $435 million in USDT at the behest of U.S. authorities. This decisive action, highlighted in a letter, marks Tether's commitment to assisting in the fight against illicit activities, including money laundering and terrorist financing.

Crypto

December 5, 2023

A New Study Raises (Again) Questions About The Quality Of The Reserves Of Stablecoin Tether!

Tether (USDT) is the leading cryptocurrency stablecoin pegged to the U.S. dollar and backed “100% by Tether’s reserves." The quality of its reserves has been a hot topic in the crypto scene over years. An investigation by Dirty Bubble Media delves into Tether’s secured loans operations, questioning the quality of their reserves. It should be noted that Dirty Bubble Media has always been one of the fiercest critics of Tether and therefore the analysis must be taken with a pinch of salt.

November 21, 2023

U.S. Law Enforcement Seized Nearly $9M In Crypto Connected To Romance Scam Scheme!

The U.S. Department of Justice (DOJ) has announced the seizure of nearly $9 million in stablecoin Tether. These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams, which are widely known as “pig butchering.” The DOJ also acknowledged Tether's cooperation.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.