Tether
Bitcoin Starts Trading Week in the Red; Tether Freezes 41 Crypto Wallets Tied to Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest stories shaping the crypto industry today, including bitcoin (BTC) and ether (ETH) leading in liquidation heatmap with over $335 million in rekt positions in the last 12 hours. Stablecoin issuer Tether froze 41 wallets controlled by people on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List. And, Pudgy Penguins are marching into a new industry.
El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term Residents
El Salvador kickstarted its "Freedom VISA" program last week, with plans to distribute residency to a maximum of 1,000 people per year who invest at least $1 million worth of bitcoin or tether (USDT) stablecoins. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Tether Freezes 41 Crypto Wallets Tied to Sanctions
Several of the frozen wallets had been using Tornado Cash over the past six months.
Fresh Money Flows to Crypto as Stablecoin Market Expands After 18-Month Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
Paolo Ardoino: The Hardest Working Man in Crypto
The newly promoted CEO of Tether is looking to diversify the firm's investments after a banner year where the stablecoin giant is on track to profit $4.5 billion.
U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas
A top official has asked members of Congress for new laws to extend the Treasury's crypto reach beyond its existing enforcement and sanctions abilities.
Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists.
Tether, Bitfinex to Drop Opposition to New York Freedom of Information Law Request
The firms said dropping the opposition doesn't mean a "wholesale release" of all documents.
Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ
Tether said Monday it froze $225 million of its USDT stablecoin in light of DOJ investigations.
Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.
