USDT

Tether

This week’s crypto stories spanned enforcement, mining, regulation, adoption, and institutional flows. Chainalysis traced Iran-linked stablecoin routing behind a major USDT freeze, while Riot continued its steady BTC sales to NYDIG. France dropped a proposed self-custody reporting rule, Binance argued crypto’s next wave of users will come through payments and utility, and Canada’s AIMCo disclosed

Bernardo Bilotta argues that banks avoid stablecoins not due to a lack of technical understanding, but to protect their vital relationships with central banks and Western correspondent banks, who are notoriously risk-averse. Key Takeaways: Bernardo Bilotta notes Asia handles 50% of global stablecoin flows, but banks fear regulatory risk. Tether and eStable now enable local

🚀 Crypto card spending hit $606 million in March, soaring 500 percent. Most transactions happened using $USDT on the Tron network. Continue Reading: Crypto card spending jumps 500 percent to $606 million The post Crypto card spending jumps 500 percent to $606 million appeared first on COINTURK NEWS .

Senators escalated scrutiny of a reported Tether loan tied to Commerce Secretary Howard Lutnick’s family trust, raising conflict-of-interest and national security concerns. Warren and Wyden cited a New York credit filing involving “Dynasty Trust A.” Key Takeaways: Senators questioned a reported Tether loan tied to Howard Lutnick’s family trust. Concerns include conflicts, national security risks,

Nigel Farage received a 5M£ gift from Harborne, Tether shareholder. Reform UK leads in crypto donations, but the UK imposed a ban. Farage defends BTC reserves. Current BTC: 78.673$ (+0,53%), strong...

Tether-backed Oobit ID offers Visa cards to AI agents. The ability to spend USDT without fiat is coming with strict controls. ID price $0.03, %3.59 up, strong support $0.0294. The autonomous financ...

Reform UK leader Nigel Farage is under investigation by the Parliamentary Standards Commissioner after he was accused of failing to declare a gift worth roughly £5 million ($6.75 million). Parliamentary disclosure rules dictate that members of parliament must declare any donations received in the year before an election within one month of taking office. UK leader Nigel Farage dips into crypto The Conservative Party is alleging that Reform UK leader Nigel Farage broke House of Commons disclosure rules. Under current regulations, MPs must declare any donation or gift received in the year before an election within 30 days of taking office. However, Farage failed to declare a gift worth £5 million ($6.75 million) from a cryptocurrency billionaire. The billionaire in question is Christopher Harborne, an early investor in Tether (USDT) and the Bitfinex exchange. Mr. Harborne, who lives in Thailand, is reportedly one of the largest donors in British political history who provided roughly two-thirds of Reform UK’s funding last year. Farage has acknowledged receiving the money from Harborne, but he insists it was a personal gift given to him for security costs before he announced his candidacy in the 2024 general election. The payment reportedly falls under a parliamentary exemption for “purely personal gifts.” Cryptopolitan previously reported that Harborne donated over £10 million in installments to Farage’s Brexit Party ahead of its 2019 campaign, and paid £28,000 for Farage to attend the inauguration of U.S. President Donald Trump. Farage recently purchased £2 million in Bitcoin through Stack, a UK-listed Bitcoin treasury firm, making him the first sitting MP and first UK party leader to publicly buy Bitcoin. Through his investment vehicle, Thorn In The Side Ltd, he purchased £2 million ($2.7 million) in shares of Stack BTC Plc (AQSE: STAK), a UK-listed firm that functions as a Bitcoin treasury. Farage currently holds a 6.31% stake in Stack. Recently, Reform published a draft bill promising to deregulate the crypto industry and drastically cut taxes on digital asset transactions. The Financial Conduct Authority (FCA) is currently reviewing a proposal to investigate whether or not Farage’s actions constitute attempted market abuse, like the liberal democrats claim, and has stated it will respond directly. Pattern recognition in Washington The accusations against Farage are similar to conflict-of-interest controversies that currently center on crypto-linked politicians in the United States. Cryptopolitan previously reported several probes led by Democrats into President Trump’s Mar-a-Lago memecoin event in April for top purchasers of his $TRUMP memecoin. Richard Painter, a former ethics adviser to President George W. Bush, called Trump’s event “a dangerous conflict of interest” and a “use of public office for private gain.” U.S. Senators Elizabeth Warren and Ron Wyden sent letters this week to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino, regarding an investigation into a reported loan from Tether to a trust benefiting Secretary Lutnick’s four children. The senators wrote that the loan was arranged the day after Lutnick divested his stake in Cantor Fitzgerald to his children. They are investigating whether foreign crypto interests are attempting to “bribe or otherwise exert control or influence” over U.S. policy, specifically regarding the recent GENIUS Act stablecoin legislation. Tether also previously faced scrutiny from the Department of Justice for potential violations of anti-money laundering rules and sanctions. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

Tether XXI, Strike and Elektron Energy merger is transforming the BTC ecosystem. 43.514 BTC reserve, 50 EH/s mining and global services are being integrated. Market positive, XXI shares rose 3%. BT...

Warren and Wyden are questioning Tether's loan to the Lutnick family foundation over bribery suspicions. Cantor-Tether ties are overshadowing the GENIUS Act. Tether's track record is ablaze; coins ...