Tether Ditches 5 Legacy Blockchains to Embrace Scalable Future
Tether has just announced that it would be closing the tap on five legacy blockchains.

Tether has just announced that it would be closing the tap on five legacy blockchains.
Stablecoin giant Tether has stored a whopping $8 billion worth of gold in a private vault somewhere in Switzerland.
Tether plans to become the world’s largest Bitcoin miner by the end of 2025, investing billions in mining operations across Latin America. This move aims to protect its large Bitcoin holdings and strengthen the network amid new regulatory challenges.
Major cryptocurrency exchange Bybit has landed on the grounds of Georgia, making it the first exchange to have a full license to offer digital assets trading to local investors.
A scammer located in Nigeria has allegedly impersonated Steve Witkoff, the co-chair of the Trump-Vance Inaugural Committee, by making use of a barely noticeable type.
A7A5, a Russian ruble-backed stablecoin launched in Kyrgyzstan might be Russia's new found attempt to build at alternative payment system outside of the western financial rails.
Thailand has approved a five-year income tax exemption on crypto trading profits from 2025 to 2029, applying to sales through licensed platforms. The move aims to spur blockchain innovation while maintaining investor protection through regulatory oversight.
A 26-year-old TikTok influencer and crypto trader was reportedly kidnapped in France and held for a €50,000 crypto ransom. But when the kidnappers found he had been all-in on XRP since 2018 and had little to show for it, they released him—allegedly sending $1,000 in USDT before letting him go.
Shopify has teamed up with Coinbase and Stripe to let merchants in 34 countries accept USDC payments through its platform. The system uses Coinbase’s Base network and allows payouts in either USDC or local currency, with no cross-border fees.
Tether will release its Bitcoin Mining Operating System (MOS) as open-source software by late 2025, allowing smaller miners to join without relying on expensive third-party tools. This aims to make Bitcoin mining more accessible and competitive, giving new players better control and efficiency.
Coca-Cola’s AI-generated Christmas ad has sparked backlash for its lifeless and mechanical feel, drawing criticism from creative professionals. The use of AI in the ad raises concerns about replacing human talent in the creative process, with many viewers feeling disconnected from the content.
Binance clarified that BFUSD is not a stablecoin after concerns arose over its high yields and comparisons to Terraform Labs' failed TerraClassicUSD.
Trump Media is reportedly in advanced talks to acquire cryptocurrency firm Bakkt in an all-stock deal, sending Bakkt's shares soaring by 163%. Despite its high valuation, Trump Media faces financial challenges but aims to expand into the competitive crypto market.
Prosecutors seek to seize Tornado Cash co-founder Roman Storm's assets as his trial, delayed to April, looms. Storm is raising funds for his defence, while crypto privacy advocates criticise the case as an attack on privacy technologies.
Gemini has launched in France after securing its VASP registration, allowing users to trade over 70 cryptocurrencies with local payment methods. The move aligns with the growing crypto interest in France, supported by a favourable regulatory environment and the upcoming EU MiCA regulations.
Nepal's cryptocurrency ban has led to an increase in fraud, with criminals using digital assets to launder money and exploit victims through online scams. The government's legal restrictions have made it difficult for victims to report fraud, further complicating efforts to tackle the issue.
The Trump transition team is considering Teresa Goody Guillén, a BakerHostetler partner and blockchain expert, for SEC chair, following a meeting with Coinbase CEO Brian Armstrong. A decision on Gary Gensler's successor is expected before Thanksgiving.
Of the five indicted in the FTX case, three are in prison, one received time served, and now focus shifts to co-founder Gary Wang. Set for sentencing on 20 November, will he face a harsh penalty or leniency?
The crypto industry is gaining momentum in Washington, with key figures like Donald Trump and Coinbase CEO Brian Armstrong advocating for pro-crypto policies. Trump’s recent moves, including the Bakkt acquisition and potential SEC leadership changes, signal a shift towards greater crypto influence in U.S. politics.
The Catholic Church's anime-inspired mascot has sparked the creation of a popular meme coin, Luce. After a significant price surge following its futures listing on Bybit, the token, launched just three weeks ago, has rapidly gained attention among crypto enthusiasts.