Tether

Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.Bitfinex Securities, a platform focused on listing tokenized real-world assets (RWA), ann ...

Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether's performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether  ...

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

Tether and Bitfinex have jointly agreed to drop initial opposition to a freedom of information (FOIL) request lodged in New York by a number of high-profile news publications.A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is ...

The city of Lugano, the economic capital of Italian-speaking southern Switzerland, will integrate the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano. According to the announcement on Polygon Labs’ website from Nov. 22, the updated version of MyLug ...

Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" mi ...

The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized fund ...

Tether’s bank partner Britannia Financial is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a large deposit from Tether.Arbitral International, a company registered in the British Virgin Islands, has sued Britannia ...

Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ). In a Nov. 20 announcement, Tether said it had worked with the DOJ and crypt ...

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in ...

Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its market capitalization adding at least $20 billion so far this year.According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so ...

The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of ...

Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month.Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just ...

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futur ...

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.The Ac ...

Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments ac ...

The reserves for stablecoin issuer Tether contained approximately 86% cash and cash equivalents as of September 30, according to a new attestation report from accounting firm BDO. This is the highest percentage of cash and cash equivalents that have ever made up Tether’s reserves. ...

The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape. However, it also brought to light a critical challenge: price volatility. Bitcoin and many other early cryptocurrencies exhibited extreme price fluctuations, making ...

Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder cus ...

Stablecoin Tether (USDT) has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country, according to data from Brazil’s revenue service agency. As of mid-October, USDT transactions in Brazil this year amounted to $271 billion ...

Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel.In an Oct. 26 letter to U.S. Attorney General Merri ...

Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports.Paolo Ardoino, Tether’s chief technical officer and upcoming CEO, disclosed that the firm plans to st ...

It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain. The global c ...

Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies.$873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the com ...

The supply of Tether (USDT) on cryptocurrency exchanges has reached its highest level since March, according to data from crypto analytics platform Santiment. The amount of USDT currently sitting on exchanges is approximately $9.99 billion, marking a 40% increase since June 13, 2023. This increas ...

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

A recent report from the blockchain intelligence firm Santiment highlights changes in the exchange supplies of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the report, the exchange supplies of both Bitcoin and Ethereum have continued to decrease, suggesting that traders are holding ...

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, acc ...

Tether Holdings Inc., the company behind the leading stablecoin USDT, announced on March 30 their new enterprise with sustainable Bitcoin mining in Uruguay. Five months later, there was a new update on August 24 on what could be one of these new Bi ...

On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...

An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether (USDT) for an acquaintance.According to local news report ...

With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address blacklisted. As a result, they may be able to get most of their funds back. [2023/08/11 17:30] ...

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1. ...

Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States.On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said the high rate of non-U.S. adoption was “despite the hype that we're all about the US, ...

Celsius' Mashinsky motion to dismiss deniedThe former chief executive of crypto lending platform Celsius Network, Alex Mashinsky, is back on track to face a civil fraud lawsuit after a New Yor judge denied his motion to dismiss the case.A court order issued on Aug. 4 by New York Cou ...

Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, including WhatsMiner, AvalonMiner and Antminer.In a post shared on X (formerly Twitter) by Paolo Ardoino, the ...

Tether continues to increase its treasury reserve holdings backing circulating USDT (USDT) tokens, according to its latest financial attestation for the second quarter of 2023.Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million incr ...

Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. It linked on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.Published on July 2 ...

The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of ...

Multiple pieces of data point to the Bitcoin price falling below $29,000 in the short term. Yes, you read that right. Let’s investigate the main issues contributing to the current downside in the Bitcoin price.Bitcoin (BTC) encountered difficulties breaking above $31,800 ...

Stablecoin use could be "stifled" by daily transaction caps in the European Union's Markets in Crypto-Assets (MiCA) legislation, with some calling for the framework to be revised.On May 31, MiCA was signed into law which paved the way for the world’s first regulatory guidance on cryp ...

Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the region’s dollar, which could challenge the dominance of Tether and USD Coin.According to an English translation of a July 3 report provided by Chinese crypt ...

On June 20, Tether Operations Limited, the firm behind United States dollar stablecoin Tether (USDT), along with cryptocurrency exchange Bitfinex announced the allocation of a 100,000 USDT grant to support open-source privacy operating system Qubes OS. Paolo Ardoino, chief technology officer ...

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.Cr ...

Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurre ...

Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether (USDT), one of the largest stablecoins, once included securities issued by Chinese companies. On June 16, mainstream media outlets, including Bloomberg, reported that the company once used ...

Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token.The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitc ...

A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.This time, the move wasn’t driven by Bitcoin ...

Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.Tether’s chief technology officer Paolo Ardoi ...

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10-month timespan in 2018.The 63-year-old, who was a co-owner of the Mi ...

Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect to other crypto businesses drained liquidity from the industry and prolonged the crypto winter, with Silvergate Bank, BlockFi and Genesis Global ...

Tether, the largest stabelcoin issuer, announced plans to invest in mining facilities in South American Uruguay. Tether officials have admitted that they plan to provide funding to a local licensed company to create renewable energy sourc ...

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

He said so on The Scoop podcast Ardoino thinks the parties in Congress will still reach an agreement Since the consequences would be catastrophic if not CTO of Tether Paolo Ardoino thinks a scenario in which the US declares a technical default is unli ...

The management of the operator of the largest stabelcoin by capitalization Tether signed an agreement with Tbilisi Business and Technology University (BTU). The company said the partnership will give students the knowledge and skills they need to work in the digital econo ...

The management of the operator of the largest steblecoin by capitalization Tether announced the cooperation with the service KriptonMarket to promote USDT as a means of payment for small businesses in Argentina. KriptonMarket is working to improve access to stablcoin for ...

Cryptopayment service Strike announced its decision to move its headquarters to El Salvador amid increasing pressure from U.S. regulators. The company also expanded its services to 65 countries. Previously, the Strike mobile app only worked in the U.S., El Salvador, and A ...

High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...

Stablecoin issuers, including Tether and Circle, have spent more than $1.3 million lobbying for cryptocurrency legislation in the United States since the beginning of 2022. Stablecoins have recently become the focus of U.S. lawmakers trying to develop a regulatory framework ...

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 ...

Bank deposits are down more than 90% Tether added gold and BTC to its asset reserves for the first time Tether released an analysis of its first quarter 2023 report. Tether posted record net income of $1.48 billion in the first quarter, raising its reserve surplu ...

According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...

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 ...

A former Securities and Exchange Commission (SEC) official called on U.S. financial regulators to ban cryptocurrency companies from offering Tether Stablecoins. John Reed Stark on Twitter listed various problems plaguing Tether. According to the former official, the USDT ...

Tether, the issuer of the first capitalized USDT stabelcoin, released its results for the first quarter of 2023. According to the report, the company's net income was $1.48 billion. The company's total assets reached $81.8 billion. Of these, about $2.44 billion are claime ...

This is the analysis of Glassnode Activity in the segment has been falling since February, when Paxos suspended new token issuance BUSD came under sanctions in the US Tether is gradually taking its market share USD capitalization is close t ...

According to the Allbridge project team, users who were affected by the hack that occurred in early April are now receiving their funds back. The team announced that the first round of return payments was completed between April 5 and 9. For those who were not included in this first round, the ...

Tether, the issuer of the USDT stablecoin, has taken steps against an attacker who recently stole $25 million worth of cryptocurrencies from MEV bots through the use of a Sandwich method attack. The hacker took advantage of a security vulnerability in the decentralized exchange Uniswap on the Eth ...

On the morning of April 11, the value of the first cryptocurrency surged, exceeding $30,000, which marked a ten-month high. The rate of bitcoin approached $30,500 before experiencing a minor decline, and at present, BTC is being traded at $30,090. The previous time bitcoin's value hit this lev ...

Tether, the company behind the popular USDT stablecoin, has announced that it is expanding its trading pairs to include Euro Tether (EURT) and Tether Gold (XAUТ) on the SimpleSwap exchange platform. This move gives SimpleSwap users access to two additional stable cryptocurrencies, further expandi ...

In the first quarter of 2023, the stablecoin Tether's market capitalization surged by $15 billion, breaking its previous record set in May 2022. As reported by the cryptocurrency explorer CoinMarketCap, USDT's market capitalization surged by over 20% in the first three months of the year, reachin ...

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

Circle, the issuer of the USDC stablecoin, has announced a reduction in the number of USDC in circulation. In the past week, Circle issued 500 million USDC while withdrawing 2.6 billion USDC from circulation, resulting in a $2.1 billion reduction in supply. As of March 17, there were still $34 ...

The entrepreneur from Australia, who has made a name for himself in the crypto community as "the self-proclaimed Satoshi Nakamoto," recently expressed criticism towards the USDT stablecoin on social media. This reaction came in response to comments made by Mr. Whale, a prominent crypto expert, wh ...

During an interview, Paolo Ardoino, the CTO of Tether, made a significant announcement regarding the company's excess reserves. According to Ardoino, Tether currently has approximately $1.6 billion in reserves to support its stablecoin, USDT. Tether's USDT is backed by a variety of real assets, i ...

According to Tether's CTO, amidst the current banking crisis and global economic uncertainty, Bitcoin's exchange rate may exceed its previous record of $68,000. Speaking at a conference in Paris, Paolo Ardoino noted that many traditional investors are now afraid of large banks collapsing. He a ...

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

Tether, a major issuer of USDT stablecoins, has accused the Wall Street Journal (WSJ) of deliberately spreading negative and outdated information about the company. According to Tether, the WSJ has published 84 negative articles in 2021 alone and often relies on opinions from experts associated w ...

The world of cryptocurrencies is rife with opportunities and challenges. Each cryptocurrency comes with its own set of benefits and drawbacks. While some cryptocurrencies are overlooked by regulators, others face technical difficulties. For instance, Ripple is currently under the radar of regulat ...

Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed his belief that Ethereum and stablecoins should fall under the purview of the agency's regulation, as they can be categorized as commodities. Behnam's comments came during a recent Senate meeting on a ...

According to CoinGecko, Tether has gained a majority share in the stablecoin market, surpassing 51% for the first time since May 2022. As of February 13, the total market capitalization of stablecoins was $137.2 billion, with Tether accounting for $68.4 billion of that amount. The second-largest ...

According to data from CoinGecko, the stablecoin market saw a shift in dominance as the largest stablecoin by capitalization, USDT, gained a majority share of 51.31%, for the first time since May 2022. USD Coin (USDC) came in second with 30.64% of the market, while Binance USD (BUSD) accounted for 1 ...