229% inflation: How ‘Binance dollars’ became Venezuela’s real currency
Venezuela turns to USDT as hyperinflation bites, with merchants pegging prices to Binance P2P dollar rates.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Venezuela turns to USDT as hyperinflation bites, with merchants pegging prices to Binance P2P dollar rates.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Tether Says It Froze More Than $1.5B Linked to the Binance Theft
TL;DR: Tether said on November 2 that it froze more than $1.5 billion in USDT linked to the late-October Binance attack, working w...
Binance Sees Deposits Overtake Withdrawals as It Covers 95% of Stolen Assets
The update comes as the exchange expands withdrawal access across multiple blockchain networks and reports replenishing approximat...
Binance sits to benefit from First Digital listing
First Digital Trust, the firm behind the FDUSD stablecoin, announced early last month that it had signed a business combination ag...
After Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves
Crypto hacks reach into the billions partly because the industry designed its systems around technology risk and never adopted the...
Binance relied on AI to fight fraud before hackers exploited internal tool in $6 billion theft
Hackers exploited Binance's internal artificial intelligence tools to compromise engineers before stealing $6.34 billion in crypto...
FBI Attributes Binance Heist to TraderTraitor and Urges Crypto Infrastructure Vigilance
TL;DR: The FBI said on October 31 that North Korean actors associated with the TraderTraitor operation were responsible for the th...