Tether (USDT), the most popular stablecoin, has helped the crypto exchange Remitano in freezing funds related to a recent hack. In other news, USD Coin (USDC) has launched on the Near Protocol blockchain while Kangamoon (KANG) has become one of the most talked about new projects in the play-to-earn gaming space. Here’s a closer look at each event and its implications for the cryptocurrency industry.
Don’t Miss Out On The Kangamoon (KANG) Presale – Reserve Your Spot!
What you'll learn 👉
Tether Freezes Funds Linked To Remitano Hack
Tether, the world’s largest stablecoin issuer, has frozen funds linked to the recent hack of Remitano, a popular peer-to-peer cryptocurrency exchange. This is part of the growing attacks on crypto exchanges in 2023.
According to on-chain data, up to $2.7 million worth of crypto was illegally withdrawn from the crypto exchange. Receiving the report, Tether froze the address, preventing the attacker from cashing out the USDT coin. The address reportedly holds $1.4 million in Tether coins.
The freeze is part of Tether’s ongoing efforts to combat fraud and money laundering. Although Remitano has yet to issue an official statement, it is expected that the crypto exchange will work with Tether to resolve the issue and return funds to customers.
USD Coin (USDC) Launches on the Near Protocol Blockchain
Circle, the issuer of the world’s second-largest stablecoin, has made the USD coin available on a new blockchain, Near Protocol. The high-performance Near Protocol is now the fourteenth chain to natively support USDC.
Following the launch, users of the USDC stablecoin can natively send and receive it on Near Protocol for personal and corporate usage. Developers can leverage the speed and scalability of NEAR to build fast, user-friendly apps with USDC using JavaScript and Rust.
As a stablecoin, the USDC price is pegged to the U.S. Dollar on a 1:1 ratio. Although the USDC is pegged to the dollar, the market cap of the stablecoin has dropped by approximately 50% in one year, reducing from over $50 billion to $27.6 billion in September.
>>>>> Visit The Kangamoon (KANG) Presale Today <<<<<
P2E Gamers Turn Attention To Kangamoon (KANG)
Kangamoon (KANG) is a new meme coin that has been receiving massive attention in the blockchain play-to-earn (P2E) gaming space. Investors are particularly interested in Kangamoon, which, unlike other meme coins, provides both excitement and utility as a fully-fledged game ecosystem.
Within the Kangamoon game, players will take on the role of Kangamoon, a lively kangaroo with a passion for boxing. Like other P2E titles, the Kangamoon Virtual World provides earning opportunities in addition to an exhilarating gaming experience.
By winning matches, participating in special events, and completing difficult objectives, players can earn virtual currency and rare in-game collectibles. These collectibles can also be sold in Kangamoon’s in-game marketplace, raising gamers’ earning potential.
By combining two sectors and creating an opportunity for meme coin enthusiasts to monetize their gaming time and compete with players worldwide, Kangamoon has emerged as a top prospect for 2023. Kangamoon is now trading at $0.005 per token, join in before the price pumps.
Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today!
Website | Join Our Telegram Community | Join Our Twitter Community
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
