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YOU WONT BELIEVE: 2 | Mind Blowing Facts

Tether CEO Reacts After Cantor Fitzgerald's Chair Validates Stablecoin Issuer's Reserve Strength

The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.

International Business Times

Karnataka SIT in touch with over 30 foreign exchanges to establish money trail in alleged bitcoin scam

The SIT has identified some suspect transactions in local banks. It suspects that some bitcoins were encashed with the help of a jeweller. However, they need evidence of bitcoin transactions to verify whether these suspect transactions are linked to the alleged bitcoin scam.

The Hindu

Stablecoin Giant Withdraws Nearly $400M In BTC From Bitfinex, Becomes 10th Largest Bitcoin Holder

Tether's strategic move to withdraw millions of dollars in Bitcoin has resulted in a staggering profit of $1.148 billion, recording a 68% profit margin.

International Business Times

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India's Financial Watchdog Cracks Down On Major Centralized Crypto Platforms Including Binance

The affected crypto businesses include Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

International Business Times

Bitfinex Makes History As It Issues First Tokenized Bond, Raises 5M In USDT

Bitfinex Securities announced that its first tokenized bond on the Liquid Network has raised over $5 million in USDT.

International Business Times

Bitcoin scam: Hacker Sriki allegedly forced to transfer 150 to 170 bitcoins

Sources close to hacker Srikrishna Ramesh aka Sriki, which The Hindu spoke to, claimed the hacker was “forced” to transfer bitcoins that he had allegedly stolen from Bitfinex, while in custody in 2020 and 2021

The Hindu

Crypto Fund Inflows Record $43M As Bitcoin Held In Exchanges Drops To 6-Year Low

Data indicate that investors are still focused on Bitcoin, the world's largest crypto asset by market capitalization, with an inflow of $20 million, recording a year-to-date total of $1.7 billion.

International Business Times

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El Salvador became the first country to accept Bitcoin as legal tender. Now it’s offering citizenship for a $1 million ‘investment’

The Central American nation led by Nayib Bukele is partnering with the controversial stablecoin Tether on the initiative.

Fortune

Future of Finance: Paolo Ardoino on Tether proving crypto critics wrong and how ‘Bitfinex is a different company compared to Binance’

Ardoino talked about his early career and why it's mostly been "business as usual" after recently becoming Tether's CEO.

Fortune

Analysts Highlight Key Factors Driving Bitcoin's Surge To Year-To-Date High

A report attributed the surge to "a culmination of various factors, including a notable shift in the dynamics of the futures market compared to the spot market."

International Business Times

70% Of Bitcoin's Circulating Supply Hasn't Moved For Over A Year: Bitfinex Report

These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.

International Business Times

Senior prison officials likely to be questioned in Bitcoin scam

SIT probing Bitcoin scam to question prison officials who had Sri Krishna in custody; hacker had stolen bitcoins from Bitfinex, one of world's largest cryptocurrency heists; SIT to summon 3 prison officials, incl. senior official, for questioning.

The Hindu

Bitcoin, Ethereum, Dogecoin Soar As Weaker Jobs Data Signals Potential Rate Hike Pause By Fed: Analyst Says Apex Crypto Maybe Poised For ‘Abnormal’ Bull Run

Major cryptocurrencies experienced a surge on Monday evening, driven by the anticipation that the Federal Reserve may halt its rate hikes

Zenger

Hacker Shreeki has reportedly made allegations against several officials in bitcoin scam

SIT probes Bitcoin scam, tracks down hacker Shreeki; he alleges senior police officials & politicians benefitted from stolen bitcoins. SIT files complaint & FIR against CCB officials for tampering evidence. CID officials question Shreeki & gather evidence to corroborate claims. SIT questions CCB officials on probe & alleged diversion of…

The Hindu

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The Hindu

SIT formed to probe Bitcoin scam dating back to previous BJP regime

The Karnataka government on Monday constituted a Special Investigation Team (SIT) to reopen and probe an alleged Bitcoin scam that had surfaced during the previous BJP regime.

Zenger

EXCLUSIVE: Bitfinex And Tether CTO Advocates For Crypto Focus On Emerging Markets Over US, Europe

Bitfinex and Tether CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets

Fortune

'The Crocodile of Wall Street' gets new tech job despite being under 24-hour house arrest

Heather Morgan has many credentials to her name including economist, tech entrepreneur, columnist, CEO, rapper—and accused launderer of stolen cryptocurrency.

Fortune

Coinbase tells customers to switch to stablecoin it cofounded—without fees

The company implied that the fallout of FTX put “some stablecoins to the test.”

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Benzinga

NY Judge Orders Tether To Produce Documents Proving USDT Backing

Stablecoin issuer Tether must disclose financial documents to verify that it's backed by the U.S. dollar, New York Judge Katherine Polk Failla says. The company is currently in a lawsuit due to allegations that it manipulated the crypto markets.

Bangkok Post

Bitcoin 'revolution' a work in progress

El Salvador President Nayib Bukele took the stage to fireworks, announcing to a cheering crowd of crypto enthusiasts at a beachside confab that Bitcoin would revolutionise his country.

Businessweek

Did Razzlekhan and Dutch Pull Off History’s Biggest Crypto Heist?

The novelty rapper and her startup-guy husband are now facing trial, but some of the proceeds from the $8 billion Bitfinex hack still haven’t been recovered.

Benzinga

Ethereum Whale Moves 20,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $24,644,819 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0x0aa7d42ed5373fc354544e5898d77f61b47c04d0

Benzinga

Ethereum Whale Moves 40,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $49,042,773 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0xd275e5cb559d6dc236a5f8002a5f0b4c8e610701

The Independent UK

Crypto meltdown is wake-up call for many, including Congress

Meltdowns in the cryptocurrency space are common, but the latest one has served as a vivid reminder that investors, both professionals and rookies, can be rolling the dice when putting money into digital assets

Benzinga

Ethereum Whale Moves 23,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $45,241,142 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0xd41cdb2a35a666e8e1f9f53054e85091b67e13af

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