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Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

Bitcoin.com
Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD Growth
Altcoins
Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD GrowthWhile the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Issuance of TRON-Based USDT Exceeds $60 Billion

Bitcoin.com
Issuance of TRON-Based USDT Exceeds Billion
bitcoin.com
Issuance of TRON-Based USDT Exceeds BillionIn a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Cambodian Firm Receives $150K in Crypto From North Korean Hackers

Bitcoin.com
Cambodian Firm Receives 0K in Crypto From North Korean Hackers
bitcoin.com
Cambodian Firm Receives 0K in Crypto From North Korean HackersA major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked to funds stolen from Atomic Wallet, […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit

Bitcoin.com
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit
bitcoin.com
Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action LawsuitAmidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Plaintiffs amend complaint in Tether lawsuit for alleged USDT scheme

Coin Telegraph
Plaintiffs amend complaint in Tether lawsuit for alleged USDT scheme
Binance

The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices.

Plaintiffs in a years-long class-action lawsuit against Tether and Bitfinix filed an amended complaint accusing the companies of manipulating crypto prices through a deceptive scheme involving USDT, Tether’s dollar-backed stablecoin, according to court documents filed in the Southern District of New York. 

The complaint alleges Tether and Bitfinix “executed a sophisticated scheme to fraudulently inflate the price” of cryptocurrencies, including Bitcoin (BTC), through “massive, carefully timed purchases […] to signal to the market that there was enormous demand and thus cause the price of those commodities to spike.”

The companies purportedly financed these purchases with billions of dollars in USDT, which — in contradiction to repeated assurances by Tether — was not, in fact, backed one-to-one by United States dollars. In doing so, the Plaintiffs claim that Tether and Bitfinix violated both the Commodities Exchange Act (CEA) and the Sherman Antitrust Act.

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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Tether Freezes $29,620,000 in Tron Address With Links to Cambodian Ruling Family: Report

The Daily Hodl
Tether Freezes ,620,000 in Tron Address With Links to Cambodian Ruling Family: Report
Blockchain
Tether Freezes ,620,000 in Tron Address With Links to Cambodian Ruling Family: Report

Stablecoin issuer Tether has frozen the USDT held by a Tron (TRX) network address linked to an online bazaar reportedly used by scam operators in Southeast Asia.  Blockchain data analysis firm Bitrace says it has confirmed that the wallet holding over 29.62 million USDT has ties to Huione Guarantee, an online marketplace owned by a […]

The post Tether Freezes $29,620,000 in Tron Address With Links to Cambodian Ruling Family: Report appeared first on The Daily Hodl.

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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024

Bitcoin.com
Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024
Avalanche
Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Inside Lugano’s crypto revolution — A documentary

Coin Telegraph
Inside Lugano’s crypto revolution — A documentary
Bitcoin Payments

Bitcoin journalist Joe Hall tests Lugano, Switzerland, to see if it truly merits the title of the world’s most crypto-friendly town.

Bitcoin journalist Joe Hall recently visited Lugano, a Swiss city at the forefront of cryptocurrency payments. Known for its progressive embrace of digital currencies, Lugano has become a leading hub for Bitcoin transactions in recent years. Hall explored the city’s Bitcoin School, which educates the public on blockchain technology and cryptocurrency use, highlighting Lugano’s commitment to fostering a crypto-friendly environment.

During his visit, Hall interviewed industry giants like Adam Back, CEO of Blockstream, and Paolo Ardoino, CEO of Tether. These conversations provided insights into Bitcoin’s future and emphasized Lugano’s role as a center for crypto innovation.

A major focus of Hall’s trip was to investigate whether it is truly possible to survive in Lugano using only Bitcoin (BTC). He tested the practicality of Bitcoin payments for everyday expenses, from dining to shopping. His experience revealed that Lugano not only supports but actively encourages the use of Bitcoin, making it feasible to live a Bitcoin-based lifestyle.

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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution

The Daily Hodl
Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution
Altcoins
Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution

Justin Sun has announced that developers are now working on a stablecoin transfer solution that can function without gas fees on the TRON (TRX) network. The crypto billionaire says the new service is set to roll out later this year, initially on TRON before expanding to Ethereum (ETH) and other EVM-compatible chains. “Our team is […]

The post Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution appeared first on The Daily Hodl.

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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

Tether to Drive Digital Asset Education in Turkey

Bitcoin.com
Tether to Drive Digital Asset Education in Turkey
bitcoin.com
Tether to Drive Digital Asset Education in TurkeyCrypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop comprehensive programs introducing stakeholders to blockchain and peer-to-peer technology, and explore real-world asset tokenization use cases for banks. This collaboration could […]
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Russia Cautious on Tokenizing Real-World Assets

Russia Cautious on Tokenizing Real-World Assets

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