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Tether scales crypto payments in Eastern Europe with new investment
8.5.2024
The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
7.5.2024
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals...
What Visa’s ‘Organic’ Stablecoin Report Misses
7.5.2024
Cartier Jewelry Heir Busted for Laundering Money with Crypto
6.5.2024
An heir to the Cartier empire was arrested last week by the US Justice Department (DoJ). He was accused of utilising Tether's USDT stablecoin to launder the proceeds of drug trafficking. The charges indicate a unique convergence of powerful individuals and cryptocurrency-related criminal...
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
6.5.2024
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported
Could stablecoin volumes overtake Visa this quarter?
6.5.2024
Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree
USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks
3.5.2024
Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply....
Tether teams with Chainalysis for advanced market watch
3.5.2024
Tether, a significant operator in the crypto industry, recently took action to ensure more security and transparency in the digital asset sector. The firm has made a deal with Chainalysis, which is well-known and is developing a very coherent and multi-dimensional solution to track secondary market...
USDC overtakes USDT: Compliance is key to stablecoin dominance
3.5.2024
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market
Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity
3.5.2024
Stablecoin issuing firm Tether said it has teamed up with the blockchain data platform Chainalysis to monitor secondary market activity and combat illicit activity.
The post Tether Partners With Chainalysis to Monitor Transactions and Combat Illicit Activity appeared first on Cryptonews
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
3.5.2024
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether...
Chainalysis will help Tether monitor secondary market for illicit activity
2.5.2024
The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
2.5.2024
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said
Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
2.5.2024
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin
Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin
2.5.2024
Tether's net equity stood at an impressive $11.37 billion as of March 31, a substantial increase from the previous record of $7.01 billion worth of equity at the end of the quarter in December 2023.
The post Tether Holdings Reports Record $4.52 Billion Net Profit in Q1 2024 for USDT Stablecoin...
Tether nets record $4.52 billion profit in Q1 2024 — majority from Bitcoin and gold
1.5.2024
The majority, or $3.52 billion of the profit, stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits
Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division
1.5.2024
Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives...
Tether puts $200mn into Blackrock Neurotech as a strategic investment
30.4.2024
Tether, the largest firm in the digital asset space, announced today that it has strategically invested $200 million in Blackrock Neurotech, the preeminent innovator in Brain-Computer-Interface (BCI) technology, through its newly established venture subsidiary, Tether Evo. With this purchase...
Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
30.4.2024
With the US reportedly cutting off Venezuelan oil sales by May 31, experts warn that the country’s likely shift towards digital currency necessitates stricter regulations.
The post Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny appeared first on Cryptonews
Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume
29.4.2024
In the stablecoin market, Circle's USDC stablecoin made history by outpacing Tether's USDT in terms of transaction volume. This was based on information made public by Visa on April 29 as a result of their collaboration with Allium Labs.
The post Circle’s USDC Stablecoin Surpasses Tether’s USDT...