The current price of NinjaFloki is $0,000022 USD, with a 24-hour trading volume of $433 223 USD. The current CoinMarketCap ranking is #3612, with a live market cap that is currently unavailable. The circulating supply is unknown, however, the maximum supply is 100 billion NinjaFloki tokens. NinjaFloki is a cryptocurrency that generates passive revenue through gaming. Based on trading volume, 3% of each transaction is delivered in BUSD to holders. The payout is automatically apportioned based on the holders' NinjaFloki ratio.
Just like NinjaFloki, Tether has also had some movements and interesting news that happened lately. Tether has not published a statement explaining why it blacklisted three addresses, although it has done so in the past to comply with law enforcement and help exchanges following cyber assaults. Tether has added three additional Ethereum addresses to its blacklist, totalling more than $150 million in USDT stablecoin.
Tether, as a centralized organization, has the ability to ban addresses it feels are involved in crime, money laundering, or any other cause. This is the first time Tether has banned an address in 2022, but it placed 312 addresses on the blacklist last year and 563 total since November 28, 2017. Tether has not stated why the three new addresses were banned, but it has used its authority to block addresses implicated in cyber attacks and law enforcement investigations. Following the Kucoin attack in September 2020, Tether froze around $35 million USDT in order to prevent hackers from profiting from their heist.
There might also be “precautionary grounds” for the blacklisting, such as being linked to frauds, as Arcane Asset's CIO Eric Wall mentioned as a rationale for a second Tether freeze in 2020. Concerns about a lack of decentralization might be pushing higher adoption of TerraUSD (UST) stablecoin from algo stablecoin network Terra. With a market worth of $10.6 billion, it is now the fourth biggest stablecoin. The decentralized challenger's market cap, however, pales in contrast to USDT, which is the fourth largest crypto overall with a market worth of $78.5 billion. In reaction to the announcement of Tether's actions, Terra creator Do Kwon tweeted that there was no way to block UST addresses.
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