The United States federal government has launched an investigation into Tether (USDT), the issuer of the stablecoin, according to an exclusive report by The Wall Street Journal. This investigation, led by the Department of Justice, focuses on the possible use of Tether by third parties to finance illicit activities and launder money.
Additionally, the Treasury Department is considering sanctions against Tether due to its alleged use by sanctioned entities, such as Hamas and Russian arms traffickers.
Tether CEO Paolo Ardoino dismissed the allegations as “old noise” and said there is no indication the company is formally under investigation. Despite Ardoino’s response, the report has increased uncertainty in the Cryptocurrency market.
Although Tether has faced criticism in the past, the company has also collaborated with authorities, helping to recover millions of dollars in USDT linked to fraudulent activities.
Bitcoin-para-aumentar-sus-ganancias”>Michael Saylor suggests Microsoft invest in Bitcoin to increase profits
Bitcoin enthusiast and MicroStrategy founder Michael Saylor has suggested Microsoft adopt a Bitcoin investment strategy with the potential to generate billions in profits. The proposal comes after reports that some shareholders of the technology giant consider Bitcoin as a treasury reserve asset option.
Saylor, in a tweet addressed to Microsoft CEO Satya Nadella, highlighted that an investment in Bitcoin could bring significant returns for the company. Although Microsoft’s board of directors has recommended shareholders vote against this idea, Saylor remains confident in the cryptocurrency’s potential, pointing to the increase in MicroStrategy’s valuation since it began its BTC investment strategy in 2020.
The businessman believes that Microsoft could replicate the success of MicroStrategy and generate greater profits for its shareholders.
Arkham Intelligence integrates Solana data into its analytics platform
Arkham Intelligence has expanded its on-chain analytics platform by integrating Solana data, allowing users to track and visualize large transactions, receive real-time alerts, and analyze the performance of the Solana network. This update makes it easier to monitor key traders and investors on the Solana Blockchain.
Solana users can now use Arkham to:
➤ Visualize and trace large fund movements and profitable traders’ wallets
➤ Receive alerts on trades made in real-time by Solana users
➤ Track your on-chain trading performance over time
➤ Track the profiles of top traders & investors… pic.twitter.com/5cJHrmBh8w
— Arkham (@ArkhamIntel) October 25, 2024
The community has received this integration positively, highlighting the value of the new tools for operations analysis in Solana. Arkham presented case studies illustrating how the tools enable custom reporting and detailed visualizations of trader activity.
Ethereum“>Vitalik Buterin launches new phase of “The Purge” to optimize Ethereum
Vitalik Buterin, co-founder of Ethereum, has launched the fifth phase of his “The Purge” series of initiatives, focused on reducing unnecessary data storage and simplifying the Ethereum protocol. This phase seeks to eliminate obsolete functions to improve network efficiency.
The main objective is to alleviate the load on the nodes, which currently require more than 1.17 terabytes of storage due to the accumulation of historical data. Buterin proposes a “partial state expiration,” allowing less-used data to be temporarily removed, which would improve performance and reduce costs.
While “The Purge” will not directly affect gas rates, these optimizations are expected to make the network more efficient and accessible.
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