Browsing: Tether

Binance outflows hit $3.64 billion as FBI blames North Korea

Binance recorded net outflows of $3.64 billion after it reopened withdrawals on Sunday, as the FBI blamed North Korean hackers for the record theft from the exchange. Customers withdrew about $4.65 billion and deposited about $1.01 billion once transactions resumed.

Binance halts withdrawals after $6.3 billion security breach

Binance has suspended deposits and withdrawals after a security incident involving unauthorized withdrawals with an estimated total impact of about $6.3 billion. The world’s largest crypto exchange by trading volume disclosed the breach on Thursday, October 29. It said about

Stablecoins to overtake Bitcoin in real-world use says Franklin Templeton

CryptoWire, SAN MATEO, California: Global investment firm Franklin Templeton has said that stablecoins are likely to overtake Bitcoin in practical use, signaling a shift in how digital assets may function within financial systems. According to Roger Bayston, Head of Digital Assets at Franklin Templeton,

China ramps up Tether crackdown amid currency concerns

China’s authorities are intensifying their crackdown on the use of cryptocurrencies like Tether (USDT) in foreign exchange transactions, marking a significant escalation in regulatory measures more than two years after the country imposed a sweeping ban on crypto activities. The