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Tether Freezes $225M Linked to Human Trafficking Syndicate Amid DOJ Investigation
20.11.2023
Stablecoin issuer Tether has frozen $225 million worth of its stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
16.11.2023
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500...
Tether plans major expansion into BTC mining with $500M investment: Report
16.11.2023
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push
Tether Aims to Invest Half a Billion Dollar in Mining Ventures Over Next Six Months to Become a Top Miner
16.11.2023
Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest...
What’s Behind Tether’s Success in the Crypto Market?
16.11.2023
Introduction to Tether (USDT) Tether, also called USDT, is a notable crypto-currency currency. It acts as a bridge connecting with the traditional fiat currency and brings stability into the volatile market landscape. Its value is pegged to that of the US dollar at a fixed exchange rate of 1:1....
Court ends frivolous Tether-Bitfinex suit, No appeal
16.11.2023
The US District Court for the Southern District of New York recently had Judge Laura Taylor Swain rule on a class action suit against the Tether and Bitfinex firms’ alleged wrongdoings. The court ruled that despite considering the matter carefully, there was no evidence to support Shawn Dolifka’s...
Today in Crypto: 46.5% of Web3 Fund Loss is Result of Traditional Web2 Security Issues, Investment in Blockchain Gaming Hits $1.5 Billion in 2023
15.11.2023
Source: AdobeStock / AhmadSoleh Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Security news While developers and researchers generally focus on designing and coding the smart contract protocol...
Stablecoins See Positive Supply Growth For First Time in More Than a Year: Glassnode Data
15.11.2023
Source: Unsplash Money is flowing into the crypto market through stablecoins, marking the first positive supply growth in over a year. According to blockchain analytics firm Glassnode, the 90-day net change in the supply of the top four stablecoins, Tether ( USDT), USD Coin ( USDC), Binance...
Tether credits USDT growth surge to ETF excitement, emerging markets
14.11.2023
Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year
First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded
13.11.2023
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval
Tether Issued 4B USDT on Tron and Ethereum Networks: Report
13.11.2023
Source: Adobe/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month. Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT...
Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer
13.11.2023
A hacker seemingly stole $27 million worth of tether [USDT] from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
13.11.2023
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023
Tether Achieves Lifetime High With $86.51B Valuation; Tron Version Surpasses ETH in Several Metrics
10.11.2023
This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with...
U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain
9.11.2023
Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether
Tether’s USDT and Chinese Blockchains Face Potential U.S. Government Ban
9.11.2023
Source: Washington DC The U.S. lawmakers are proposing a bill aiming to prohibit the U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” The U.S. Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have...
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
8.11.2023
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill
BIS Researchers Say Stablecoins Are Failing to Live Up to Promise
8.11.2023
For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said
Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition
7.11.2023
This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joins a slew of other digital currency trading platforms offering yield...
Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement
6.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges...