Kava 14 Upgrade Enables Seamless Conversion of Native Cosmos Assets to Ethereum's ERC20 Token Standard
Kava, a blockchain that combines the power of Ethereum and Cosmos, has launched the Kava 14 upgrade which allows for seamless conversion of native Cosmos assets to and from Ethereum's ERC20 token standard. Tether has chosen Kava as the gateway for issuing native USDt on Cosmos, and with the launch of Kava 14, USDt can now be minted and easily converted on Cosmos to USDt on other layer one networks.
Hong Kong Police Hunt for Crypto Scammers After HK $1 Million Tether Fraud
Hong Kong police are on the hunt for a group of scammers who conned a victim out of HK $1 million in Tether during an over-the-counter exchange. The victim was lured to a shop in Tsim Sha Tsui after seeing an Instagram ad offering high exchange rates. The scammer impersonated a shop employee and offered fake bank notes in exchange for Tether, before disappearing with the victim's money. This incident is part of a series of crypto scams in Hong Kong, which has recently implemented licensing laws for crypto operators in an attempt to standardize the industry.
Tether Has Listed Its Native USDT on the Kava Blockchain
Kava announced on social media that Tether's stablecoin USDT is now integrated into the Kava blockchain, and native USDT is being issued to more than 60 Cosmos application chains. Native USDT has previously run on several blockchain networks, including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron.
Tether's USDt Launches on Cosmos via Kava, Bringing Deep Stablecoin Liquidity to the DeFi Ecosystem
Tether's USDt stablecoin has been successfully launched on Cosmos via Kava, providing deep stablecoin liquidity across the Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems.
Tether Signs MOU with Government of Georgia to Develop Blockchain, Bitcoin, and Peer-to-Peer Infrastructure
June 28 (Cointime) -Paolo Ardoino (CTO, Tether) and Irakli Nadareishvili (Deputy Minister of Economy and Sustainable Development) signing the MOU for the collaboration between Tether and the Government of Georgia to develop Blockchain, #Bitcoin and Peer-to-Peer Infrastructure.
TUSD Stablecoin Depegs Again Amid Exposure to Crypto Custodian Prime Trust
June 28 (Cointime) - The stablecoin TrueUSD (TUSD) has experienced its second depegging this month, with its value falling to 0.9974 against Tether (USDT) on Binance and 0.80 on Binance.US. This follows the placement of crypto custodian Prime Trust into receivership after BitGo cancelled its bid to acquire the firm.
Bitfinex Launches P2P Platform for Direct Bitcoin and Crypto Trading in Latin America
June 27 (Cointime) - Bitfinex has launched a new peer-to-peer platform, Bitfinex P2P, which will initially target markets in Venezuela, Argentina, and Colombia. The platform allows customers to directly trade Bitcoin, Tether tokens, Tether Gold, and Ethereum while facilitating payments outside of the Bitfinex platform.
Russians Appeared to Seek Refuge in Crypto During Wagner Revolt
June 26 (Cointime) - There was a brief mercenary insurgency in Russia, and the Russians appeared to seek refuge in the stablecoin Tether in exchange for rubles. Despite relatively low overall traffic, trading volumes for the ruble-denominated Tether stablecoin roughly tripled on June 24 on digital asset exchanges that still support trading in the Russian currency, according to blockchain data firm CCData. to about $15 million. According to CCData, the largest ruble trading platforms this month are Binance, Cryptonex, HitBTC and Coinsbit. The United States and its allies imposed financial sanctions after Russia invaded Ukraine last year.
Tether Launches USDT Stablecoin on Kava Blockchain to Expand Multi-Chain Presence
June 21 (Cointime) - Tether has expanded its multi-chain presence by launching its USDT stablecoin on Kava, a Layer 1 blockchain built on the Cosmos network. Kava joins over a dozen other blockchains, including Ethereum, Solana, and Algorand, in hosting USDT. Paolo Ardoino, Tether's CTO, praised Kava's four-year track record of zero security issues, which is crucial for protecting USDT users.
Blockchain Platform Tether to Launch Dollar Stablecoin USD₮ on Kava, a Layer-1 Blockchain Designed for Scalability and Speed
June 21 (Cointime) -Tether will launch USD₮, a USD stablecoin on Kava. Kava is a scalable and fast layer-1 blockchain whose unique architecture combines the flexibility of the Ethereum Virtual Machine with the speed, low transaction fees and interoperability of the Cosmos SDK. The news further cements Tether’s status as the most widely adopted stablecoin, and underscores the importance of protecting users when using USD₮. Additionally, the company has launched stablecoins on multiple networks, including Ethereum, Solana, Algorand, and more.
