Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Tether’s CTO Ensures Monitoring of Customers for Sanctions Violations
Tether Chief Technology Officer Paolo Ardoino said the company is monitoring all customers for sanctions violations. "We automatically monitor all customers for potential sanctions violations on an ongoing basis using World-Check," Paolo Ardoino wrote ...
Galaxy Digital Reports Profit for Q1 2023 Amid Rising Value of Digital Assets
Cryptocurrency company Galaxy Digital announced that in 2023 for the first time began generating revenue. In the first three months, the net profit was $134 million. CEO Michael Novogratz explained that the positive result is due to the rising value of digital assets. ...