TECH NEWS

Senate Report Claims Iran Is Using Tether's Stablecoin To Evade Sanctions

The company says it helped freeze $550 million in USDT linked to the country so far this year.

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A Senate report claims Iran is benefiting from Tether's USDT stablecoin to the point where it's become a "significant financial lifeline" within the country's "shadow banking network." It says Iran is using Tether as an international payment system to get around sanctions on its banks as well as a means to fund terrorist proxy organizations.

Sen. Richard Blumenthal, the ranking member of the Senate Permanent Subcommittee on Investigations (PSI), led the report. The subcommittee looked at 846 sanctioned cryptocurrency wallets that have been linked to Iran and regional proxies. It determined that 84 percent of those used USDT (which is pegged to the value of the US dollar) exclusively or almost exclusively to move money around and prop up Iran's currency.

The report claims that, along with providing terrorist...

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Block’s new voice model sounds eerily human

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SPECTER Attack Uses USB Power Signals to Leak Data From Air-Gapped PCs

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Your Smart TV's Wi-Fi Is Probably Faster Than Its Ethernet, But Speed Isn't Everything

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An interview with Ciena CEO Gary Smith, a veteran of the 2001 telecoms crash, on AI demand outpacing supply for Ciena's optical networking chips, and more

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Block’s new voice model sounds eerily human

SPECTER Attack Uses USB Power Signals to Leak Data From Air-Gapped PCs

Your Smart TV's Wi-Fi Is Probably Faster Than Its Ethernet, But Speed Isn't Everything

An interview with Ciena CEO Gary Smith, a veteran of the 2001 telecoms crash, on AI demand outpacing supply for Ciena's optical networking chips, and more