Tether, the issuer of USD₮ tokens, is shifting its focus towards “enhancing community-driven blockchain support.” As part of this strategic transition, Tether will cease support for the EOS and Algorand implementations. In line with its commitment to maintaining a robust and innovative blockchain ecosystem, Tether stated that it consistently evaluates current transport layers to balance The post Tether stops minting USDT on EOS and Algorand gives 1 year for redemptions appeared first on CryptoSlate.

A new report from ivezz.com reveals that every year, an estimated 2-5% of the global GDP is laundered, translating to up to $5.05 trillion by 2024. Reflecting on these numbers reveals a significant point of analysis: despite the rising focus on crypto as a tool for illicit financial activities, its actual share in global money The post Only 0.47% of money laundering uses Bitcoin and crypto out of $5 trillion globally appeared first on CryptoSlate.

CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android The post CoinStats suspends app after security breach compromises 1,590 wallets appeared first on CryptoSlate.

At the heart of crypto wallet security lies the seed phrase, a string of words that serves as the master key to accessing and recovering digital assets. While both 12-word and 24-word seed phrases are commonly used, the differences in their security implications have been debated within the crypto community. The 12-word seed phrase provides The post Are 24 word Bitcoin seed phrases better than 12 words for security? appeared first on CryptoSlate.

At the recent Bitcoin Prague conference, CryptoSlate had the opportunity to sit down with Matej Zak, CEO of Trezor, to discuss the company’s approach to product development, corporate culture, and the challenges of making complex crypto security features user-friendly. Zak, who took over as CEO after shadowing co-founder Marek “Slush” Palatinus, emphasized the importance of The post Inside Trezor’s open-source mission for transparency: CEO Zak talks tech and team dynamics appeared first on CryptoSlate.