Bitcoin24h $62,193.19+2.68%

Ethereum24h $1,632.68+5.10%

BNB24h $596.35+3.96%

XRP24h $1.14+5.71%

Solana24h $65.34+6.05%

TRON24h $0.3271+1.85%

Hyperliquid24h $59.03+3.12%

Dogecoin24h $0.0848+5.16%

UNUS SED LEO24h $9.51-0.40%

Zcash24h $421.11+16.65%

Hong Kong crypto scam victim lost $128K after visiting fake shop

The victim says she was handed a bundle of fake notes in return for $128k in tether while the shop’s ‘owner’ fled through a back door.

Tether bought commercial paper from subsidiary of alleged terrorist-linked bank

Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.

Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.

Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.

Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.