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Tether, a prominent stablecoin firm, has responded to claims made by the United Nations regarding the use of its USDT stablecoin in illegal operations. On Jan. 15, the Southeast Asia and Pacific division of the UN Office for Drugs and Crime published a report focusing on the involvement of cryptocurrencies in illicit activities and underground banking. The report, named “Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden, Accelerating Threat,” identified the USDT stablecoin, particularly on the Tron blockchain, as a key tool for money laundering in the region, citing its stability, transaction anonymity, and low fees. In response, Tether, on the same day, refuted the UN’s findings, arguing that the report overlooked the traceability of USDT and its history of cooperation with global law enforcement agencies. Tether Challenges UN Report and Calls for Blockchain Education Read more ️https://t.co/R...

Although the cryptocurrency market has turned red, with Dogecoin (DOGE) being no exception, the famous dog-themed cryptocurrency has reached a significant milestone in the number of crypto wallets holding it, in addition to a remarkable surge in its user activity. Specifically, Dogecoin recently saw a massive increase in the total number of its addresses with a balance , culminating with 5.02 million , according to the most recent chart information shared by the crypto market intelligence and analytics platform IntoTheBlock in an X post on November 27. Total DOGE addresses. Source: IntoTheBlock On top of that, the platform’s team noted that this milestone coincided with an exceptional surge in Dogecoin’s daily user activity, recording around 168,500 active addresses on November 26, which represents the highest engagement in 20 months, or since March 2022, according to the chart. Daily active DOGE addresses. Source: IntoTheBlock Meanwhile, the sudden increase in activity coul...

Cryptocurrency exchange Binance continues upgrading its wallet infrastructure, which requires affected users to get new wallet addresses. Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration. On July 6, Binance officially announced that it will be retiring selected deposit address es in batches as part of a network address migration scheduled for Q3 2023. Binance’s latest wallet upgrade will affect a total of 40 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP (XRP), Solana (SOL), Monero (XMR), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT) and others. In addition to wallet addresses, Binance will be also deactivating memos. Also known as a destination tag, a wallet memo is an additional address feature necessary to identify a transaction recipient beyond a wallet address. As most centralized exchanges like Binance use one wallet address for all traders, t...