Category: CoinDesk

CoinDesk: Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

Stablecoin issuer Tether froze three Ethereum addresses holding over $160 million worth of USDT, according to data from Etherscan.The three accounts will now not be able to move funds anymore.In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.Tether has said in the past that it regularly works with regulators to supervise suspicious accounts.An address with over $1 million in USDT was frozen in late December.Tether, which issues tokens on several blockchains, began blacklisting addresses following a November 2017 breach in which the firm said $30 million of USDT was...

CoinDesk: ERC-4626: DeFi’s Newest Money Lego

It’s pronounced E, R, C, four-six-twenty-six. ERC-4626 is a newly proposed Ethereum token standard that might resolve a sore issue in decentralized finance (DeFi): the mishmash of design types for tokens that print money.Proposed Jan. 4, ERC-4626 co-creator Joey Santoro said Wednesday the token’s documentation is ready for “final review.” He called on the “giga chad brains” of Crypto Twitter to offer feedback on this novel Ethereum Improvement Proposal.This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here.If adopted, ERC-4626, the...