đȘâđTetherâs USDT Faces Potential Delisting From Krakenâs Platform Within 2 Months
In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is âactively reviewingâ plans, including removing support for Tetherâs USDT stablecoin within the European Union (EU).
The potential delisting comes as the EU prepares to implement a new regulatory framework, Markets in Crypto-Assets (MiCA), set to take effect in July. According to a Bloomberg report, the upcoming EU rules are expected to impact USDT, the worldâs most-traded cryptocurrency.
đȘâđTetherâs USDT Faces Potential Delisting From Krakenâs Platform Within 2 Months
In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is âactively reviewingâ plans, including removing support for Tetherâs USDT stablecoin within the European Union (EU).
The potential delisting comes as the EU prepares to implement a new regulatory framework, Markets in Crypto-Assets (MiCA), set to take effect in July. According to a Bloomberg report, the upcoming EU rules are expected to impact USDT, the worldâs most-traded cryptocurrency.
In many cases, the content resembled that of the marketplaces found on the dark web, a group of hidden websites that are popular among hackers and accessed using specific anonymising software.âWe have recently been witnessing a 100 per cent-plus rise in Telegram usage by cybercriminals,â said Tal Samra, cyber threat analyst at Cyberint.The rise in nefarious activity comes as users flocked to the encrypted chat app earlier this year after changes to the privacy policy of Facebook-owned rival WhatsApp prompted many to seek out alternatives.
How Does Bitcoin Work?
Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. âOnce a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,â says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means itâs not controlled by any one organization. âItâs like a Google Doc that anyone can work on,â says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. âNobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.â
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