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Tether
Who Will 'Win' the Trump Harris Debate?; Crypto Scams in 2023
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Polymarket traders are betting the traditional pollsters will give the debate to Harris, with a 74% chance that the Ipsos/538 survey will find she "wins" it. Plus, an FBI report says investors lost a record $5.6 billion to crypto-related financial crime in 2023, and insights on a financial crime fighting force created by Tron, Tether and TRM Labs.
Tron, Tether and TRM Labs Start Financial Crime Fighting Force
The T3 Financial Crime Unit is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.
Tether's $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play
Adecoagro is a founder and partial owner in an Argentina-based agricultural commodities tokenization platform Agrotoken.
Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. central bank's Payment Token Services Regulation
Bitcoin Price May Slide Lower on $1B Withdrawal of USDT: IntoTheBlock
IntoTheBlock noted that more than $1 billion of Tether's USDT stablecoin was withdrawn from crypto exchanges on Tuesday, the most in a day since May. According to the analytics firm, previous cases where withdrawals exceeded $1 billion soon led to a downtrend in bitcoin. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says; USDT Issuer Claims Sour Grapes
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the JPMorgan report said.
Celsius Filed for Tether to Relinquish $3.3B of Bitcoin; Ripple Began Stablecoin Testing
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as bankrupt crypto lender Celsius asked a U.S. court to order stablecoin issuer Tether to relinquish more than 57,000 bitcoin. Plus, Tigran Gambaryan's family alleges that the Binance executive is being denied adequate access to his lawyers, and Ripple's new stablecoin is being tested on Ethereum and XRP Ledger.
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
On Friday, Celsius asked a U.S. court to order Tether to relinquish a total of 57,428.64 bitcoin.
Tether's USDT and Circle's USDC Combined Supply Grew $3B Amid Crypto Market Rebound
Stablecoins serve a key role in the crypto space and their expanding supply is usually a sign of health of the broader market.
Trump-Linked Website Is Selling 'Bitcoin Sneakers;' Tether Reports Record Net Profits This Year
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Trump-linked website is offering several ranges of bitcoin-themed sneakers with prices as high as $500 a pair. Plus, the Federal Reserve has kept its benchmark fed funds rate range unchanged at 5.25%-5.50% and Tether reported a "record" $5.2 billion of net profits in the first half of 2024 as USDT’s market cap surged to new all-time highs.