DeFI News by Thebittimes.Com

The leading global stablecoin company, Tether, voluntarily froze approximately $225 million worth of USDT tokens held in external self-custody wallets.  The funds were linked to an international criminal syndicate involved in human trafficking and a global “pig butchering” scheme, the firm revealed in its press release from Monday, November 20. “Pig butchering” is the type of scam in which the scammer slowly builds a relationship with a victim before using emotional manipulation to convince the victim to send them money, cryptocurrencies, join them in a fraudulent investment scheme, or commit other similar activities to the benefit of the scammer. The decision to freeze the USDT comes after a months-long investigation conducted by various players in the cryptocurrency industry, including Tether and the crypto exchange OKX, and law enforcement agencies such as the U.S. Department of Justice (DOJ). Cryptocurrency 3 cryptocurrencies to avoid trading next week ...

The project provides a decentralized and private way to verify human identity online amid the rise of artificial intelligence technologies. Worldcoin (WLD), a project partly created by OpenAI CEO Sam Alman, launch ed the token that will be used within the project's ecosystem on July 24.  The project has continuously split opinions from within the crypto space up to Silicon Valley, with some praising the project’s ambition to some calling it “creepy” and “dystopian.” Despite these comments, the project continues to pursue its goal of solving income inequality and online identity authentication. It's time. 24.7.23 pic.twitter.com/9oHW4DIMJX — Worldcoin (@worldcoin) July 23, 2023 The project was first launched back on March 14, along with a waitlist for its software development kit (SDK). According to its team, the World ID will function as a global digital passport that users are able to store within their phones. The project also claims that the World ID will also provide p...