Why Tether Volume Surged to All-Time Highs in August

A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk. Traders generally work around…

Drug Dealers Who Used Crypto Sentenced to Prison

Five drug dealers were sentenced Monday to prison terms ranging from 5-20 years for their roles in distributing various illegal drugs, at least in part using cryptocurrencies. California-based Wyatt Pasek was sentenced to 17.5 years in prison for selling counterfeit opioid pills, while Arizona-based Kevin Dean McCoy, Silvester Ruelas, Amber…