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The CEO of stablecoin issuer Tether has denied newspaper reports that the cryptocurrency company is being investigated by US law enforcement.Tether CEO Paolo Ardoino said in a tweet on Friday that there is “no indication” the company is under investigation.The Wall Street Journal reported Friday that the federal government is investigating Tether for violating sanctions and anti-money laundering rules, citing people familiar with the matter. As we told WSJ, there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop. — Paolo Ardoino 🤖🍐 (@paoloardoino) October 25, 2024Additionally, prosecutors reported that they are investigating whether…
According to the Wall Street Journal, the cryptocurrency company Tether is currently under federal investigation for sanctions and anti-money laundering (AML) violations. The criminal investigation, led by prosecutors from the Manhattan U.S. Attorney’s Office, reveals that Tether’s stablecoin USDT is involved in funding illegal activities such as drug trafficking, terrorism, and hacking, or laundering the proceeds of such activities. We are investigating whether it is being used by three parties. Suspicion of connection with terrorism and arms trade According to the report, the U.S. Treasury Department is also considering imposing sanctions on Tether because its cryptocurrency is widely used among…
As the year draws to a close, Microsoft plans to hold its annual shareholder meeting on December 10th. This year’s list of “ballot items” for shareholders includes a proposal to diversify Microsoft’s assets and increase shareholder value by investing in Bitcoin, according to a Securities and Exchange Commission filing published Thursday. It is. The company’s board of directors is urging shareholders to vote against it. The proposal, titled “Evaluating an Investment in Bitcoin,” assumes that Microsoft’s current corporate bond investments barely outpace inflation, and assumes the company has “a good, if not the best, inflation rate.” He suggests that investors…
Solana’s network fees recently reached an all-time high of more than $5 million. Solana is outperforming the Ethereum blockchain in fees and revenue as the SOL/ETH chart forms new highs. Solana (SOL) is up over 13% over the past seven days and is trading at $173 at the time of writing. The recent rise coincided with a surge in network activity and usage, as the Solana blockchain outperformed other networks, including Ethereum (ETH), on key metrics. This growth could extend Solana’s rally and potentially push it above $200. Solana flips Ethereum on network fees According to DeFiLlama data, Solana’s network…
Over the past 24 hours, the XRP/USD price of XRP decreased by 3.03% to $0.51. It continued its negative trend over the past week, experiencing a loss of 6.0%, moving from $0.55 to the current price. The chart below compares the price change and volatility of XRP over the past 24 hours (left) and the price change over the past week (right). The gray bands are Bollinger Bands, which measure the volatility of both daily and weekly price changes. The wider the band, or the greater the gray area at any given moment, the greater the volatility. The coin’s trading…
In the past 24 hours, Dogecoin DOGE/USD price decreased by 3.94% to $0.13. It continued its negative trend over the past week, experiencing a loss of 3.0%, moving from $0.14 to the current price. The chart below compares Dogecoin’s price change and volatility over the past 24 hours (left) with its price change over the past week (right). The gray bands are Bollinger Bands, which measure the volatility of both daily and weekly price changes. The wider the band, or the greater the gray area at any given moment, the greater the volatility. The coin’s trading volume has decreased by…
The Dutch Ministry of Finance has announced the start of a public consultation on a bill aimed at tightening tax regulations for cryptocurrencies and increasing transparency in digital asset ownership. The consultation period will be open until November 21, 2024, providing ample opportunity for cryptocurrency service providers, the public, and other stakeholders to provide feedback and contribute to the development of the final bill. The core of the bill, which is scheduled to come into force on January 1, 2026, is a requirement for cryptocurrency service providers operating in the Netherlands to collect, verify, and submit user data to the…
Shares of the company behind media platform Truth Social have soared in recent weeks as election predictions shifted in former President Donald Trump’s favor. The thesis for Trump Media and Technology Group (TMTG) investors is that if Trump wins in November, the media company that bears his name will become extremely valuable. That’s what it is. But Matthew Tuttle, CEO of Tuttle Capital Management, said that logic would no longer hold if Trump loses. “If Trump loses, I think it will end up being zero,” Tuttle told Fortune. This could pose financial problems for the former president. Trump’s stock in…
Solana’s SOL/USD network on October 24th reached an all-time high with a real economic value of $11,089,500, including transaction fees and Maximum Extractable Value (MEV) chips. What Happened: This milestone came as Solana gained momentum against Ethereum ETH/USD, outperforming Ethereum ETH/USD in transaction fees and MEV chips since October 1st. According to Blockworks Research, this is a notable change that highlights the network’s growth in both user engagement and transaction volume. Much of this increase was due to the popularity of meme coins on Solana, which drove significant trading activity on the platform. Data from Whale Hunter revealed that the…
Ethereum (ETH) founder Vitalik Buterin has a disagreement with MicroStrategy’s executive chairman Michael Saylor regarding the custody of Bitcoin (BTC). In an interview, Saylor said that unlike Bitcoin held by unregulated entities, lawmakers and law enforcement authorities pursue virtual currencies held by regulated public entities such as financial giants BlackRock and JP Morgan. He said it was unlikely. “When you have a bunch of unregulated crypto anarchists who don’t recognize government, don’t recognize taxes, and don’t recognize reporting requirements, and you have Bitcoin, I think that increases the risk of seizure.” Buterin responded to Saylor’s comments by saying that he…