• The DOJ charges a Nevada man involved in a $45M CoinDeal crypto scheme.
• Treasury sanctions Huriya CEO’s Tether address over Russia connections.
• Worldcoin faces privacy concerns as iris scan black market emerges for biometric verification.
DOJ Charges Nevada Man Involved in Crypto Scheme
The Department of Justice (DOJ) has charged a Nevada man with involvement in an alleged $45 million crypto scheme involving the CoinDeal cryptocurrency exchange. According to reports, the defendant is accused of running an unregistered money transmitting business and defrauding customers out of their funds. Additionally, the Treasury Department has imposed sanctions on the Tether address associated with the CEO of Huriya Payments for its suspected connection to illicit activities related to Russia.
Worldcoin Faces Privacy Concerns
The privacy concerns surrounding Worldcoin have recently been amplified due to the emergence of a black market for iris scans being used for biometric identification purposes. This development highlights the need for stronger measures to protect consumer data and security when utilizing cryptocurrencies like Worldcoin.
Cardano’s Hoskinson Calls Ethereum Classic ‚Scam‘
Cardano’s founder Charles Hoskinson has called Ethereum Classic (ETC) a „scam“ after ETC was excluded from Proof-of-Work Summit 2021 due to alleged proof-of-work irregularities discovered during a recent audit by ChainSecurity. He also questioned why ETC was hosting such events when it had yet to prove that its blockchain was secure or reliable enough for use in enterprise applications.
Tether-KriptonMarket Partnership Helps Small Argentinian Businesses Accept USDT
Tether and KriptonMarket have partnered up to allow small businesses in Argentina to accept payments in USDT as part of an effort to help them pay their bills and employee salaries amid skyrocketing inflation levels in the country. This partnership will bring USDT acceptance into Central Market Buenos Aires—one of Latin America’s largest movers of fruits and vegetables—which consists of 900 wholesale merchants and 50 retailers, all now able to pay their bills and part of their employee wages using stablecoins like USDT instead of fiat currency affected by volatile inflation rates.
Conclusion
Cryptocurrency continues to gain traction among users worldwide, whether it be through solutions designed specifically for businesses or those geared towards consumers looking for alternative payment methods amid rising inflation levels in certain parts of world or increased privacy concerns surrounding existing networks like Worldcoin. By entering strategic partnerships with companies like KriptonMarket, Tether is able provide further support and adoption within its target markets while simultaneously helping those most affected by economic disruptions stay afloat through usage of stablecoins like USDT instead more volatile assets such as fiat currency affected by high inflation levels