USDC issuer Circle adds Arbitrum to Web3 platform
It’s Circle’s latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether’s USDT. Go to Source
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State Regulator Warns of Crypto Fraud After Investor Loses $750K
The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous demands for taxes and fees. Washington Investor Scammed Over $750,000 in Crypto Mining … Read more
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent … Read more
‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’
The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish. Go to Source
Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform
The Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to BIB following advice from individuals named Austin Johnson and Cindy Turner, he was unable … Read more
Stablecoin Market Soars To 2-Year High: A New Era Of Growth
The stablecoin market has reached a remarkable milestone, surpassing $170 billion in market capitalization. $USDT continues to dominate, holding a substantial 70% share. However, the landscape is evolving, with new asset-backed stablecoins gaining traction. These innovative stablecoins are pegged to a range of assets, including gold, the euro, and the dirham, offering fresh opportunities for … Read more
PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD competes with rivals such as Circle’s USDC and Tether’s USDT. Go to Source
Tether has ‘redistributed’ $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether. Go to Source
Tether shuns blockchain launch, cites market concerns
Tether’s decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms. Go to Source
Tether Mints $3B USDT In One Week: Where Did It All Go?
Tether (@Tether_to), the issuer of the world’s largest stablecoin, recently minted an impressive $3 billion USDT in just one week. The big question on everyone’s mind is: where did all this USDT flow? According to on-chain data, since August 5, approximately $3.22 billion USDT has been transferred from Tether’s treasury to various cryptocurrency exchanges. Of … Read more
