China News Official TheBitTimes.com

The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine. Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies. $873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the company. The action was taken in a collaboration with Israel’s National Bureau for Counter Terror Financing. Paolo Ardoino, who was appointed as Tether CEO in Oct. 2023, highlighted the fact that cryptocurrency transactions are easily traced on blockchain platforms which has enabled Tether to assist in blocking the use of USDT linked to terror ist funding. “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets." The CEO added that the stablecoin issuer is actively working with global law enforcement agencies to ...

There is an uptick in on -chain activities, particularly in the Polygon ecosystem. This trend is evident as various projects, including those in decentralized finance (defi) and artificial intelligence (AI), like Borroe, position themselves on the Ethereum sidechain, tapping on improved scalability and reduced transaction fees.  This article examines Polygon, highlighting Borroe’s presale and its alignment with crypto trends. Borroe on Polygon Borroe has been attracting interest, especially in the ongoing presale. In the beta stage, the platform sold $250,000 of ROE in five days, highlighting its potential in crypto. You might also like: Tether dominant among stablecoins, USDT holders exploring Borroe In stage 1 of the Borroe Finance presale, ROE is available for $0.0125, and over 37 million ROE tokens have been sold. For flexibility, inclusivity, and convenience, ROE can be bought using Bitcoin (ETH), Ethereum (ETH), and BNB. Funds raised...

The transparency of blockchain technology and the active involvement of crypto exchanges help law enforcement agencies combat criminal activity. Cryptocurrency is often associated with criminal activity, but this is mostly a myth, especially today. Bitcoin (BTC) and other cryptocurrencies don’t provide complete anonymity due to the Know-Your-Customer (KYC) policies implemented by most crypto exchanges. Even without KYC scanning, law enforcement agencies can easily track crypto transactions to identify criminal activity, as the blockchain is transparent and immutable. In 2019, United States Treasury Secretary Steven Mnuchin said that Bitcoin was a national security issue, since it had been used for illicit activities. To him, cryptocurrencies were dominated by illegal activities and speculation. But the facts say otherwise. Though illicit crypto volumes reached an all-time high at $20.6 billion in 2022 (primarily due to sanctioned entities), the share of all crypto activity linked wit...