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Crypto Morning Briefing: Tether And Bitfinex Used Fake Documents, Shell Companies To Get Banking Access

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Tether And Bitfinex Used Fake Documents, Shell Companies To Get Banking Access: WSJ Report

Since the earliest days of the cryptocurrency industry, Tether, the issuer of the world’s largest stablecoin by market capitalization, USDT, has been shrouded with controversies and numerous accusations. What comes as the latest blow to the growing stablecoin maker, a report by WSJ states that the company leveraged falsified documents and shell companies to gain banking access at a time when they were facing difficulty to access the global banking system.

Shanghai Upgrade Pushed to Early April Following Latest Ethereum Core Developers Meeting

The Ethereum community may have to wait longer for the Shanghai upgrade after the core developers’ bi-weekly meeting, Execution Layer Meeting 156, ended with a decision to have the hard fork run on the Goerli test network by March 14 and the final deployment somewhere in April.

Binance CEO Contemplates Voyager Deal Exit Amid Escalating Regulatory Pressure

According to a tweet published on Friday by the Binance CEO, Changpeng “CZ” Zhao, the company is considering sunsetting a deal that was agreed upon by its U.S. subsidiary to purchase the defunct crypto lender Voyager Digital. Although there have been no official confirmations from the firm yet, CZ’s tweet comes as a mere topic of discussion on the possibility of Binance pulling out from the deal.

Korea-Based Steemhunt Accuses Binance of Copying Chatcasso To Launch Bicasso

Korea-based Steemhunt has accused Binance of stealing their product idea for Chatcasso to launch the exchange’s AI product- Bicasso.

Gemini Says Third-Party Incidents Resulted in Phishing Scam Targeting European Users

Gemini disclosed incidents attributed to a third party that resulted in a phishing campaign targeting users in the UK and Europe, according to a client email seen by The Block.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $22,216.84 USD, dropped by 5.29% in the last 24 hours;

ETH’s live price is $$1,554.87 USD, dropped by 5.47% in the last 24 hours;

BNB’s live price is $288.60 USD, dropped by 3.83% in the last 24 hours;

XRP's live price is $0.37 USD, dropped by 2.11% in the last 24 hours.

Fundraising News

DigiFT DEX Raises $10.5M in Pre-Series A Funding Led by Shanda Group

DigiFT, a Singapore-based decentralized exchange (DEX) for asset-backed tokens (STO), has completed a Pre-Series A funding round, securing US$10.5 million.

Bitcoin Bitcoin $83,876.19
-0.27%
Tether Shanghai upgrade Ethereum Binance Gemini
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