Tether to publish reserve reports in real time in 2024: Bloomberg
    21 Oct 2023

    Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether, is reportedly preparing to update the frequency of releasing its reserve data reports. Paolo Ardoino, Tether’s chief technology officer and incoming CEO, disclosed that the firm plans to publish reserve data in real-time in 2024, Bloomberg reported on Oct. 20. Tether did not immediately…

    Binance shutting down European Visa debit card in December
    21 Oct 2023

    Binance Visa debit card services will close down in the European Economic Area (EEA) on Dec. 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance exchange accounts will be unaffected. According to a message to customers posted online, Binance’s card issuer, Finansinės paslaugos “Contis” — or Contis Financial Services — will stop…

    FinCEN issues alert regarding crypto transactions connected to Hamas
    21 Oct 2023

    The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups. In an Oct. 20 notice, FinCEN said that the militant group Hamas — behind the Oct. 7 attack on Israel — employed “fundraising campaigns involving virtual currency…