Tether is relocating its operations to El Salvador after acquiring a Digital Asset Service Provider license, joining Bitfinex Derivatives in the move. The stablecoin issuer aims to leverage the country’s bitcoin-friendly policies to enhance financial inclusion and support the adoption of digital assets in emerging markets. CEO Paolo Ardoino emphasized the alignment with El Salvador’s vision for financial freedom and innovation.
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Generated 0 posts last week Tether Relocates to El Salvador to Enhance Crypto Innovation and Regulation
Tether, the issuer of the USDT stablecoin, is relocating its operations to Bitcoin-friendly El Salvador after acquiring a Digital Asset Service Provider license. This move aligns with the country’s vision of financial freedom and innovation, as it aims to attract tech entrepreneurs. Despite Tether’s significance in the crypto market, it faces scrutiny over transparency regarding its reserves and has denied reports of a U.S. investigation into its practices.
read moreComparative Analysis of Decentralized VPN Services and Their Features
NymVPN offers a decentralized VPN service with a unique 5-hop mixnet for enhanced privacy, supporting over 30 countries and 110 exit servers. It features a 7-day free trial, with a monthly subscription of $9.99, and emphasizes security through token-based access and sphinx encryption. In contrast, NordVPN and ExpressVPN provide robust security and privacy features, with NordVPN accepting various payment methods, including cryptocurrencies, while ExpressVPN is known for its user-friendly interface and extensive server coverage.
read moreHong Kong Approves Four New Virtual Asset Trading Platforms
The Hong Kong Securities and Futures Commission (SFC) has licensed four new virtual asset trading platforms, bringing the total to seven. The newly approved firms underwent rigorous inspections focusing on client asset protection, KYC processes, and cybersecurity. With eleven more VATPs pending approval, the SFC aims to enhance regulation and promote blockchain technology while ensuring investor safety.
read moreWorld of Dypians Announces Token Generation Event for WOD Token
World of Dypians (WoD), a leading MMORPG, will launch its Token Generation Event (TGE) for the WOD token on November 27, 2024, at 11:00 UTC. The game, which has attracted over 1.25 million players and secured significant funding, combines DeFi, NFTs, and AI elements, offering players unique gameplay experiences and economic opportunities. Following the TGE, token holders can stake, trade NFTs, and participate in governance, while the game continues to innovate with features like a Crypto Museum and an in-game shop.
read moreBitfinex Hack Victims and Recovery Efforts by US Authorities
The DOJ has launched a website for individuals affected by the 2016 Bitfinex hack to share their experiences, despite asserting there are no victims under the Crime Victims’ Rights Act. Meanwhile, Bitfinex has recovered over $314,000 of the stolen assets, while Ilya Lichtenstein and Heather Morgan face sentencing for their roles in laundering approximately $9.2 billion worth of stolen cryptocurrency. Recently, over $20 million was suspiciously transferred from a U.S. government wallet linked to the hack, with most funds returned shortly after.
read moreAark Digital Offers Bounty for Return of Stolen Funds After Security Breach
Aark Digital has offered a 15% bounty, totaling 225,000 USDC, to the hacker responsible for a recent $1.5 million attack that resulted in the theft of approximately 1,386,085 USDC and 24.143 ETH. The organization is actively pursuing recovery efforts and has set a deadline of October 26, 2024, for the return of the stolen assets, warning of potential legal action if the funds are not returned. Aark Digital remains committed to transparency and user security throughout this process.
read moreUS Charges 14 Individuals and Four Companies in Crypto Trading Scandal
US prosecutors have charged 14 individuals and four crypto companies, including ZM Quant, in a landmark case targeting market manipulation and sham trading in the crypto sector. Allegations include conspiring to inflate trading volumes and prices of cryptocurrencies from 2022 to 2024, misleading investors and undermining market integrity. The indictment also involves firms Gotbit, CLS Global, and MyTrade, with several individuals already agreeing to plead guilty, suggesting cooperation with authorities.
read moreLeague of Kingdoms Launches Arena-Z Blockchain for Web3 Gaming
League of Kingdoms has launched Arena-Z, a new Layer 2 gaming blockchain designed for Web3, built on the Superchain with Optimism. This platform enhances gaming performance with high transaction speeds, low fees, and full EVM compatibility, while facilitating the migration of League of Kingdoms and its NFT collections to AZ Chain.Arena-Z aims to support new Web3 gaming studios by providing resources such as marketing support, development tools, and grants, fostering innovation in the blockchain gaming sector. With features like a Plug & Play SDK and a native payment gateway, it simplifies the onboarding process for mainstream gamers.
read moreBitoro Launches BitoroCore to Transform Perpetual Futures Trading Experience
Bitoro is set to launch BitoroCore, an innovative on-chain perpetual futures infrastructure on the Elastic Chain, utilizing ZKsync technology. This platform aims to enhance liquidity for perpetuals, options, and prediction markets, offering a unified trading experience across various crypto assets. The rebranding will consolidate Bitoro’s decentralized trading platforms into the Bitoro Network, streamlining user access to integrated ecosystems.
read moreTelegram Reports 400 Million Dollars in Digital Assets by End of 2023
Telegram reported holding $400 million in digital assets at the end of 2023, with around 40% of its $342.5 million revenue stemming from digital asset activities, primarily through its integrated wallet services and digital collectibles sales. Despite this, the company faced an operating loss of $108 million. The platform’s premium subscription service has seen growth, reaching over five million users, while its founder, Pavel Durov, faces serious legal charges in Paris.
read moreLegion Secures 2 Million Dollars for Merit-Based On-Chain Fundraising Initiative
Legion has raised $2M in a Seed round to enhance merit-based on-chain fundraising for non-accredited investors, aiming to comply with MiCA regulations. The platform focuses on building a reputation and accountability system to foster long-term community support while minimizing risks from bots and short-term investors. With backing from notable founders and investors, Legion seeks to redefine the fundraising landscape by ensuring equitable access and aligning incentives among participants.
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