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Tether (USDT)

Important BitMEX Announcement Concerning Shiba Inu (SHIB) and Other Meme Coins

Seychelles-based derivatives exchange, BitMEX has announced the launch of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. The latest offering is designed to provide traders with an opportunity to gain exposure to the top meme coins in the market through a single contract. BitMEX’s MEMEMEXTUSDT Dubbed the “S&P500 for crypto meme coins,” this new offering will allow traders to speculate on the overall performance of popular OG meme coins such as Dogecoin (DOGE) and...

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Circle Becomes First to Receive License in the EU to Issue Stablecoins Under MiCA

Stablecoin issuers were hit with an injunction last week by European regulators, as the Markets in Crypto Assets (MiCA) took effect partially on June 1. In line with that ask to register in any nation in the bloc to continue issuing stablecoins in the EU, Circle has secured an Electronic Money Institution (EMI) in France. This will allow it to issue USDC and its new Europe-centred stablecoin EURC. Circle co-founder and CEO Jeremy Allaire posted on X about this development, “@Circle announces...

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CryptoGames Adds Tether (USDT) to Their List of Supported Coins and Partners with Bitinvestor

CryptoGames, a leading online cryptocurrency casino, is excited to announce the addition of Tether (USDT) to its list of supported cryptocurrencies. This strategic move provides users with a stable and reliable method of managing their funds, shielding them from the notorious volatility of the crypto market and enhancing their overall gaming experience. Additionally, CryptoGames has partnered with Bitinvestor, enabling seamless crypto purchases directly on its platform. Why Tether (USDT)...

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KuCoin Introduces 7.5% Tax on Fees for Nigerian Users

The leading cryptocurrency exchange, KuCoin, has implemented a 7.5% transaction fee tax on all trades executed on the platform for its Nigerian users. According to an official announcement, KuCoin will start collecting a value-added tax (VAT) of 7.5% on transaction fees from July 8 to align with recent regulatory developments. This update affects all users with their Know Your Customer information registered in Nigeria. KuCoin to Tax Nigerian Users To avoid misunderstandings...

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Celebrating Excellence: Bybit Rises to No.2 in Spot Market Share and Presents the Community with Exciting Opportunities

[PRESS RELEASE – Dubai, United Arab Emirates, July 1st, 2024] Bybit, the world’s second-largest web3 platform by trading volume, has recently ascended to the second position in terms of market share. To commemorate this remarkable achievement and extend our heartfelt appreciation to Bybit’s global community, the Spot team is launching a reward program designed to enhance user benefits and elevate their trading experience. From now until 10AM UTC, July 11, all existing Bybit...

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The EU Will Enforce Strict Stablecoin Regulations by June End

The free reign stablecoin issuers had in the European markets is ending on June 30 as the EU’s MiCA (Markets in Crypto Assets) regulations will enforce caps on transaction volumes and value. That means asset-referenced stablecoins not pegged to the Euro, witnessing over a million transactions or facilitating the movement of value over $215 million will need to be discontinued in the bloc. Transactions considered for the caps will include those conducted for payments of goods and services...

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