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Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says
15.8.2024
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency about the composition of its reserves, the report said
Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East
14.8.2024
Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion....
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
14.8.2024
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally
Stablecoin issuance could be key to the next Bitcoin rally: 10x Research
14.8.2024
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin rally
Tether Reinvests Profits into AI and Tech Innovation
12.8.2024
Tether, whose CEO is Paolo Ardoino, is funnelling its profits into artificial intelligence and other new technologies. The…
Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation
12.8.2024
Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday
Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit
12.8.2024
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.”...
Tether Partners With Crypto Firm to Boost Blockchain Education in South Africa
11.8.2024
Stablecoin issuer Tether Holdings Ltd. recently announced a partnership with a crypto payments provider to advance blockchain education in South Africa. The collaboration aims to both demonstrate the benefits of stablecoin payments and build trust in digital financial solutions. Building Trust...
Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network
11.8.2024
Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled...
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
10.8.2024
The assets in question were evidently given to Tether as collateral
Nigerian crypto community supports activist’s fight for rights
10.8.2024
As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment
Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino
10.8.2024
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth...
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
9.8.2024
According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers
Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound
9.8.2024
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin...
Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K?
9.8.2024
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder's realized price
Tether to double its workforce to 200 by mid-2025: Report
9.8.2024
The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies
TON Climbs 10% Ahead of Binance Listing
8.8.2024
The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it...
Cumberland buys the dip? Trading firm deposits $95M to exchanges
7.8.2024
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023
Crypto Market Volatility Fuels $1.2B Inflows at Binance
6.8.2024
On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over...
Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more
2.8.2024
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm