In a significant move to curb illicit financial activities, Tether, the renowned stablecoinA stablecoin is a type of cryptocurrency designed to have a stable value, as opposed to the highly volatile nature of most cryptocurrencies. It achieves this stability by being pegged to a reserve or a basket of goods, such as fiat currencies, commodities, or other assets. Key Points: • Pegging Mechanisms: Stablecoins maintain their stability through various mechanisms: • Fiat-collateralized:... More issuer, has collaborated with Israel’s National Bureau for Counter Terror Financing (NBCTF). This partnership has led to the freezing of 32 virtual wallets suspected of having ties to cryptocurrency-terrorism. The frozen assets amount to a substantial $873,118 in Tether’s USDT stablecoin. This action underscores the increasing efforts to ensure that the cryptocurrencyCryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... space is not misused for nefarious activities.