Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014

Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark.

Social networking platform Steemit is laying off more than 70 percent of its staff due to the cryptocurrency market crash, and is beginning a structural reorganization, according to a Nov. 28 video post by Steemit CEO Ned Scott.Steemit runs a decentralized application on the Steem blockchain, while its system is built around community-driven posting, evaluation,…

The coronavirus outbreak that started in China has gradually spread to a number of countries across the world. This is creating panic among investors as the death toll continues to rise.As a result, global equity markets and crude tumbled last week. Though cryptocurrencies also gave up some ground, they are currently attempting a relief rally…

Ripple’s new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings. 346 Total views 5 Total shares A whopping 76% of surveyed financial institutions plan on using crypto within the next three years, according to the report. Ripple’s new report highlights trends in the adoption and utilization of emerging…

A so-called meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk is rising in value, namely by a whopping 3,780% in October.Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturday—its highest level since May 13—after opening the month at $0.00000005 (data from Poloniex). The massive upside move pushed Dogelon Mars' market cap from around…

The fund is responsible for the benefits of more than 6,600 active and retired firefighters as well as surviving family members. 687 Total views 41 Total shares The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.According to an Oct. 21 Bloomberg report, the Houston Firefighters' Relief and…

Tether’s cash and bank deposits also dropped 42% to 4.187 billion, while its allocation to money market funds increased 200% to $3 billion, and its treasury bills grew 77.6% to $34.52 billion. 826 Total views 21 Total shares USDT stablecoin issuer Tether cut its reserves allocation to commercial paper by more than one fifth between…

Kraken Security Labs revealed on Jan 31. that Trezor hardware wallets and their derivatives can be hacked to extract private keys. Though the procedure is quite involved, Kraken claims that it “requires just 15 minutes of physical access to the device.”The attack requires a physical intervention on the Trezor wallet by either extracting its chip…

Consensys integrates Wallet Guard to boost MetaMask’s security, aiming to drive user fund losses to zero amid rising Web3 threats.