Key highlights: A fake Flare Network website stole 3.4 million XRP South Korean police arrested three suspects and are searching for a fourth Authorities also froze about $12 million in crypto A website pretending to be Flare Network stole around 3.4 million XRP, worth $8.5 million, from unsuspecting investors. South Korean police said the scam […]
Tag: USDT
Key highlights: Binance has launched European-style, USDT-settled options for gold and silver The exchange said the launch follows strong demand for its commodity perpetual futures, which have recorded peak daily trading volumes above $7 billion The new products let users trade precious metals without owning the underlying assets, with retail traders limited to buying options […]
Key highlights: The IMF says Brazil’s dependency on stablecoins could have far-reaching effects for the broader economy. Stablecoins have led Brazil’s crypto market growth for nearly 10 years, with dollar-denominated assets leading the charge. Tether’s USDT holds a sizable share of the market, followed by Circle’s USDC. The International Monetary Fund (IMF) has called for […]