Tether Mistakenly Minted 5 Billion USDT and Immediately Burned Them

Stablecoin operator Tether mistakenly minted five billion USDT tokens on the Tron blockchain. Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange […]

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Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A draft of a US House bill restricting big tech companies from entering the crypto assets market has surfaced days before the congressional hearings on Facebook’s Libra. A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s […]

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