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There has been a rapid uptick in “sophisticated” money laundering teams using Tether’s USDT, sextortion and fake romance scams known as “pig butchering,” the UN said.
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency.
Hot Mic with Nidhi Razdan: It was touted as the next big thing of the future. In the last few years, the cryptocurrency market has boomed in several countries and those who took a chance and invested in it, made millions.
Its an all-round sea of red for nearly everything in crypto, with altcoins such as Ether, Solana and Avalanche take a beating.
According to data from CoinMarketCap, daily PAX gold trading volumes ranged between $10 million to $520 million over the past month