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Tether issued 1 billion $USDT on Ethereum following a similar transfer on Tron, increasing the total USDT in circulation to $125 billion 🚀
Tether issued 1 billion USDT on November 18 on the Ethereum blockchain, increasing the total token volume to $125 billion. Previously, a similar transaction was recorded on the Tron network. According to the company, the new tokens are placed in reserve and will be used to meet future market needs. Tether noted that all token issuances are pre-approved, but their distribution has not yet started.
WazirX plans to create the largest decentralized exchange in India, registered abroad, to compensate for the losses of 4.4 million users after the hacker attack on 2000 crores rupees 💻
Co-founder of WazirX Nishkal Shetty announced the creation of the largest decentralized exchange (DEX) in India, which will be registered abroad. The platform plans to compensate the losses of 4.4 million users after a hacker attack, who lost 45% of their funds. However, users are skeptical about the restoration of trust in the exchange after the losses and long delays. Shetty hopes to attract investors after the test launch in January 2025, but whether WazirX will be able to regain its lost positions remains an open question.
The Russian government approved a draft amendment on the taxation of digital currencies: mining, VAT, income, 15% tax, operators must provide data 👨💻
The Russian government approved amendments to the tax law on digital currencies. Income from mining will be calculated at market value, with the possibility of deducting expenses. Transactions with digital currencies will not be subject to VAT, and the income tax on their sale will be up to 15%. Mining infrastructure operators are required to provide data on miners to tax authorities.
The Romanian Parliament has adopted an amendment to the Tax Code: income from cryptocurrency is exempt from taxes until July 31, 2025, but health insurance contributions will be charged 💰
The Romanian Parliament has adopted an amendment to the Tax Code, exempting income from cryptocurrency investments from income tax until July 31, 2025. However, if the profit exceeds 6, 12, or 24 minimum wages, health insurance contributions will be required. The law was passed by a majority vote and now awaits the signature of President Klaus Iohannis.
FBI investigates $5M cryptocurrency fraud: $4.99M seized from Tether wallets used in the Bitkanant platform scam 🔒
The court rejected Lido DAO's legal status claim, holding the organization accountable for legal actions in the LDO token holder lawsuit 🏛️
Heather "Razzlekan" Morgan sentenced to 18 months in prison for laundering funds from the $9 billion Bitfinex hack, her husband Ilya Lichtenstein receives 5 years ⛓️
Trump discusses the purchase of the cryptocurrency platform Bakkt through his company, with its shares rising 162%, raising its market value to $400 million 📊💼
A California court rejected Kraken's attempt to challenge the ruling in the SEC case, stating that the cryptocurrencies on the exchange are investment contracts 💼
Ryze Labs and ai16z launched the AICombinator program and a $5M USD fund to support projects at the intersection of AI and cryptocurrencies with access to the Eliza platform 🚀
OKX launches instant deposits and withdrawals in Singapore dollars through DBS and the PayNow and FAST systems, strengthening ties with Singapore's financial system 💳
Elon Musk backed Howard Latnik for U.S. Treasury Secretary, criticizing Scott Bessent for "outdated approaches" and calling for change ⚖️
Thala recovered $25.5 million in crypto assets after the November 15 hack caused by a vulnerability in the v1 farming contract, freezing $11.5 million and involving law enforcement 🔐
Thala reported recovering $25.5 million in crypto assets after the November 15 hack caused by a vulnerability in the v1 farming contract update. The platform froze $11.5 million in assets and involved law enforcement to locate the hacker. All affected users will receive full compensation, and contracts and the interface will remain suspended until the audit is complete.
Quantoz Payments, with support from Tether, Kraken, and Fabric Ventures, launches the stablecoins EURQ and USDQ, licensed by the Central Bank of the Netherlands, with trading starting on November 21 📅
Quantoz Payments, with support from Tether, Kraken, and Fabric Ventures, launches the stablecoins EURQ and USDQ, licensed by the Central Bank of the Netherlands. The tokens are backed 1:1 by fiat and aimed at secure and transparent payments in the EU. Trading will begin on November 21.
Polter Finance loses over $7 million due to smart contract hack on the Fantom blockchain. Vulnerabilities identified in cross-chain operations 🚨
Polter Finance, operating on the Fantom blockchain, lost over $7 million due to a smart contract hack. The attacker used Tornado Cash to transfer funds to the Fantom network, where vulnerabilities were identified. In response, the platform suspended trading, notified blockchain bridges, and began tracking the stolen funds with the help of law enforcement. The incident raised new concerns about the security of cross-chain operations and platforms using anonymous tools.
BlackRock has received a commercial license in Abu Dhabi and plans to open an office in the ADGM financial center to work with sovereign funds and investment structures 💼
BlackRock has received a commercial license to operate in Abu Dhabi, planning to expand its operations in the region. The new office will allow the company to collaborate with local sovereign funds and investment structures. Charles Hatami, head of BlackRock in the Middle East, noted that Abu Dhabi has become an important financial hub thanks to its strategic location and active sustainable growth policy.
Best news of the last 10 days
SpaceX will launch a satellite with the HBAR cryptocurrency from Hedera Hashgraph to process transactions in space: a new step in blockchain and space technologies 🚀
Elon Musk reveals correspondence with Sam Altman in his $157 billion lawsuit against OpenAI and Microsoft, accusing the companies of anti-competitive practices ⚖️
Changpeng Zhao (CZ), co-founder of Binance, reported a hack of the account for his new project "Giggle Academy" on the X platform 🔓 and is working on restoring access 🛠️
CFTC has paved the way for options on spot Bitcoin ETFs, stating that it will not participate in their clearing, which will be conducted through OCC 🏦
Tether issued 1 billion USDt without fees on the Tron network, bringing the total USDT issuance on Tron to $62.7 billion, close to Ethereum's 2024 figure 📊
Tether issued 1 billion USDt on the Tron network without paying fees. The transaction was executed from the "black hole" address on Tron to the company's multisignature wallet, and then the funds were transferred to the treasury. Currently, 62.7 billion USDT is on the Tron network, almost as much as on Ethereum (62.9 billion). Tron holds second place in stablecoin volume, generating $577 million in revenue for the network in Q3 2024.
The lawsuit against Elon Musk for $258 billion over the rise in DOGE's price following his tweets and the Saturday Night Live show has concluded: appeal dismissed, final motions in progress ⚖️
The lawsuit against Elon Musk, the future head of the Department of Government Efficiency (D.O.G.E), is nearing completion. Lawyers for the investors, who demanded $258 billion, have withdrawn their appeal against the decision of Judge Hellerstein, who sided with Musk in August 2024. The lawsuit was filed in 2022 after the rise in DOGE's price related to Musk's tweets and his appearance on Saturday Night Live. The legal proceedings are ending, and now a few motions need to be approved.
Larry Harmon sentenced to 3 years in prison for running Bitcoin mixer Helix that laundered $300 million and over 350,000 Bitcoins for illegal operations 🔐
Larry Harmon from Ohio sentenced to 3 years in prison for operating the Bitcoin mixing service Helix, through which over $300 million was laundered. The service operated from 2014 to 2017, facilitating illegal transactions such as drug sales and counterfeit goods. Harmon pleaded guilty and cooperated with law enforcement, which led to a reduced sentence and the identification of other criminals. The court ordered him to return $311 million, equivalent to the laundered Bitcoin.
Senator Cynthia Lummis introduced the "Bitcoin Act of 2024" bill, proposing the creation of the U.S. Strategic Bitcoin Reserve with the purchase of 1 million BTC over 5 years 🚀
Senator Cynthia Lummis introduced the "Bitcoin Act of 2024" bill, proposing the creation of the U.S. Strategic Bitcoin Reserve. It includes the purchase of 1 million bitcoins over 5 years, their storage for at least 20 years, and the use of federal transfers to fund the program. The reserve will be decentralized and open to independent audits, with the possibility for states to store assets in separate accounts.