Tag: Tether USDT

WazirX Hack Exposes Crypto Security Gaps: $235 Million Stolen

The WazirX hack resulted in a $235 million loss by compromising the exchange's Safe Multisig wallet. Safe multisig wallets improve security by requiring several private keys to enable transactions. The breach was funded using distributed protocols for private transactions, such as Tornado Cash, which complicates attempts to track the pilfers. Crypto hacks have been a...

Tether Faces Allegations of Fueling Illicit Activities: A Deep Dive into the UN Report

Tether, touted as the world's leading stablecoin, finds itself at the epicentre of a disturbing surge in illegal activities, as underscored by the...

Stablecoins empowering Africa’s economic growth amid currencies’ depreciaton

Charles Hoskinson and Dan Larimer created digital assets that did not change value despite their demand. Initially, Tether went by RealCoin, and the...

Tether on the defense over deactivation of 29 prominent figures accounts

Tether has come out to address concerns raised about several accounts deactivation in 2021 According to documents released by the New York Attorney...

Yellow Card Partners with Tether to target African Youth

Yellow Card and Tether are hosting a crypto education tour setting their sights on African Youth Market. Yellow Card is among the top...

Another stablecoin depeg: Is the Federal Reserve intentionally destabilizing cryptocurrency market?

The price of USDC fell to US$.0.8832 as of March 11, 2023,10:55 EAT, with the trade volume standing at US$19.48 billion The crypto...