USDT

Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

November 16, 2024 Coin Telegraph

Tether mints billion USDt on Tron, pays zero fees — Arkham

According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.

Tether minted $1 billion in USDt (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.

The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.”

Onchain records also show that almost immediately after the 1 billion USDT was sent to Tether’s multisignature wallet, the funds were transferred to the stablecoin firm’s treasury, and this transaction likewise featured zero fees.

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Man Set Up and Extorted of $500,000 Worth of USDT by Criminals in Hotel Room: Report

November 13, 2024 The Daily Hodl

Man Set Up and Extorted of 0,000 Worth of USDT by Criminals in Hotel Room: Report

crypto

A Ukrainian man reportedly lost $500,000 worth of USDT after being set up for a robbery in a Thailand hotel room. The Bangkok Post reports that Viacheslav Leibov, 23, told Thailand police a friend of his invited him to visit a hotel room in Phuket when criminals wearing masks accosted him. The criminals tied him […]

The post Man Set Up and Extorted of $500,000 Worth of USDT by Criminals in Hotel Room: Report appeared first on The Daily Hodl.

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Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT

November 13, 2024 Bitcoin.com

Crypto Kidnapping: Tourist Held Captive, Forced to Transfer 0K in USDT

bitcoin.com

A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle […]

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Tether launches open-source wallet development kit for humans and AI

November 12, 2024 Coin Telegraph

The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device.

The world’s largest stablecoin issuer, Tether, launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents.

On Nov. 11, Tether announced the launch of its WDK, which it described as a modular software development kit “designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USDT and Bitcoin in any app, website, and device.”

The WDK was designed to support both human users and “embrace new digital beings like AI agents, robots and autonomous systems,” the firm said.

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Stablecoin Issuer Tether Prints Nearly 4,000,000,000 USDT As Crypto Markets Edge Higher

November 11, 2024 The Daily Hodl

Blockchain

Stablecoin giant Tether has created an additional four billion USDT as Bitcoin (BTC) and digital assets make another run to the upside. Blockchain tracking firm Lookonchain says that a “massive amount of money” is set to flow into crypto markets as Tether accelerates its production of USDT, with 2 billion coins being printed in just […]

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Canadian police praise Tether for ‘swift’ recovery of stolen funds

November 8, 2024 Coin Telegraph

Asset Freeze

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.

The Ontario Provincial Police (OPP) thanked stablecoin issuer Tether for its assistance in aiding an investigation by freezing approximately 10,000 Canadian dollars ($7,186) in Tether stablecoins stolen from an individual, which has since been returned to the victim.

Tether worked alongside the OPP’s Cyber Investigations Team to recover the funds, and following the successful operation, Addison Hunter — detective staff sergeant of the OPP — remarked:

Tether CEO Paolo Adoino also highlighted the company’s commitment to “Supporting law enforcement efforts to combat cybercrime,” and will continue to work with law enforcement officials worldwide to “Hold bad actors accountable and, ultimately, support the victims.”

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Tether’s Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade

November 8, 2024 The Daily Hodl

Blockchain

Tether’s Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments’ first crude oil transaction in the Middle Eastern region, marking Tether’s expanding role in global commodities trading. […]

The post Tether’s Investment Arm Announces Completion of Funding for Middle Eastern Crude Oil Trade appeared first on The Daily Hodl.

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Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

November 8, 2024 Bitcoin.com

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up ,000

bitcoin.com

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures […]

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Tether swaps more than 2 billion USDT to the Ethereum network

November 7, 2024 Coin Telegraph

Coin Telegraph

The vast majority of Tether's USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality.

Stablecoin issuer Tether announced it was conducting a large cross-chain swap of more than 2 billion Tether-USD (USDT) from various blockchain networks to the Ethereum network on November 6, 2024.

According to Tether, 1 billion USDT will be swapped from the Tron network, 600 million USDT will be transferred from the Avalanche C-Chain, an additional 300 million USDT from the NEAR protocol will also make its way to the Ethereum network, and, finally, 60 million USDT from the EOS network will also be swapped to Ethereum.

The stablecoin firm explained that the cross-chain swap was performed on behalf of a large, unnamed exchange wishing to transfer their USDT holdings from various cold wallets to the Ethereum blockchain.

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Police Syndicate Accused of Extorting 10,000,000 USDT From Man Using Fake Search Warrant: Report

November 4, 2024 The Daily Hodl

Daily Hodl

Thai law enforcement has reportedly arrested seven police officers and one civilian accused of staging a false domestic search that involved the attempted extortion of 10 million USDT from a victim. Local publication QQ reports that the group targeted a Chinese national by swarming his residence and flashing what appeared to be a real search […]

The post Police Syndicate Accused of Extorting 10,000,000 USDT From Man Using Fake Search Warrant: Report appeared first on The Daily Hodl.

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