Crypto News LIVE Updates: Tether Emerging as a Money Laundering Hotbed in Asia, Warns UN

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Crypto News LIVE Updates: Tether, one of the world’s largest crypto platforms, has become a hotbed for money laundering in Southeast Asia, the United Nations has warned. According to the UN Office on Drugs and Crime, an increasing number of fraudsters are using Tether’s crypto token to execute fake romance scams, otherwise known as “pig butchering.”

Meanwhile, the Crypto Fear and Greed Index on Monday slipped into “neutral”, for the first time since October last year, with the OG cryptocurrency Bitcoin seeing a 0.4% decline in its prices over the last 24 hours. BTC’s price stood at $42,554 at the time of writing. This comes as the launch of US-listed spot Bitcoin exchange-traded funds (ETF) failed to lift Bitcoin prices.

 

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01:14:38 PM IST, 15 January 2024

Crypto News LIVE: Binance Counters SEC’s Attempt To Leverage Terraform Labs Ruling

Crypto exchange giant Binance has filed a motion in federal court against the SEC’s attempt to convince a judge to consider the summary judgment ruling in the regulator’s case against Terraform Labs and its co-founder Do Kwon.

12:50:14 PM IST, 15 January 2024

Crypto News LIVE: Ethereum Next Billion Fellowship Program Submission Deadline Extended

Ethereum Foundation has extended the registration deadline for Ethereum Next Billion Fellowship program by one week. The last date of submission is Jan 21, 2024.

12:35:41 PM IST, 15 January 2024

Crypto News LIVE: BlackRock, Fidelity, VanEck Revamp Homepage To Flaunt Spot Bitcoin ETFs

Spot ETF issuers BlackRock, Fidelity and VanEck have updated their homepage to showcase their respective Funds. The move comes in the backdrop of exchange-traded funds tracking Bitcoin getting approved in the US.

12:12:52 PM IST, 15 January 2024

Crypto News LIVE: Bithumb Set to Launch RAD and MAGIC Korean Won Trading Pairs

South Korea-based crypto exchange Bithumb has announced plans to introduce RAD (Radworks) and MAGIC Korean won trading pairs. As per the announcement, the trading pairs will go live on Monday.

11:47:29 AM IST, 15 January 2024

Crypto News LIVE: Tether Money Laundering On the Rise in , Warns UN

Tether, one of the world’s largest crypto platforms, has become a hotbed for money laundering in Southeast Asia lately, with an increasing number of criminals relying on Tether’s crypto token for nefarious, activities, UN has warned.

11:34:04 AM IST, 15 January 2024

Crypto News LIVE: Devin Finzer Sparks Excitement, OpenSea 2.0 In The Works

Popular NFT marketplace OpenSea is said to be working on a version 2.0 upgrade, which will allow users to distinguish between different NFT categories and offer a wide range of services.

11:06:28 AM IST, 15 January 2024

Crypto News LIVE: Bitfinex Foils Major XRP Token Attack Bid

Bitfinex Chief Technology Officer Paolo Ardoino has dismissed rumours that nearly 50% of XRP’s total supply was moved in a single transaction. While someone did attempt to attack Bitfinex, the bid was foiled because of the platform’s effective security measures.

10:48:56 AM IST, 15 January 2024

Crypto News LIVE: Bitcoin Adoption To Accelerate In Latin America In 2024: Fidelity

Bitcoin adoption rate is poised to grow in Latin America in 2024 as authorities discuss a regulatory framework for digital assets, asset manager Fidelity said in its recent report.

10:15:02 AM IST, 15 January 2024

Crypto News LIVE: SlowMist Flags Hardware Wallet Security Risks

Blockchain security firm SlowMist warned users against buying hardware wallets from unofficial channels, saying they are vulnerable to theft and fraud.

09:59:08 AM IST, 15 January 2024

Crypto News LIVE: Neon (EVM) Is Now Available On KuCoin

Cryptocurrency exchange KuCoin has listed Neon EVM (NEON) on its platform, with trading and deposits for NEON/USDT going live on 10:00 on January 15, 2024 (UTC).

09:39:31 AM IST, 15 January 2024

Crypto News LIVE: KuCoin Launches Manta Spot Trading Pair

Crypto exchange KuCoin expanded its list of offerings, adding Manta to its spot trading platform. The Manta/USTD will start trading on January 18, as per the recent announcement.

09:07:47 AM IST, 15 January 2024

Crypto News LIVE: BlackRock Releases Bitcoin ETF Ad Targeting ‘Boomers’

As spot Bitcoin ETF issuers accelerate plans to attract customers to their funds, BlackRock, the world’s largest asset management firm, has joined the fray. BlackRock recently kicked off an ad campaign for its Bitcoin ETF, iShares Bitcoin Trust ETF (IBIT), in a bid to lure rich “boomers”.

09:00:24 AM IST, 15 January 2024

Crypto News LIVE: OKX Wallet Enhances User Experience With Minterest Integration

OKX Wallet recently integrated with Minterest, a decentralized lending protocol that aims to woo long-term liquidity providers by allocating the lion’s share of the platform fees captured.

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