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Crypto lending invalidated by Chinese court in second landmark ruling
12.10.2023
Plaintiff Mr. Ming will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted
Real-world use cases for spending and accepting Tether stablecoin
12.10.2023
Tether is a popular stablecoin in online retailers, e-commerce, gaming, trading, and more, as it offers a secure and reliable channel for transferring funds across various platforms. Using Tether eliminates the need for manual currency conversion and greatly reduces transaction fees. The rising...
Coinbase Director Flags Alameda Research for Minting Nearly $40 Billion USDT in 2021
10.10.2023
Today, Conor Grogan, a director at Coinbase, brought attention to Alameda Research's actions concerning the Tether (USDT) stablecoin. According to blockchain data analyzed by Grogan, Alameda Research minted upwards of $39.55 billion in USDT throughout 2021, despite lacking equivalent assets under...
SBF's Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director
10.10.2023
Coinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Bankman-Fried’s Alameda Research in 2021
Understanding Tether: The stablecoin powering the crypto ecosystem
9.10.2023
The crypto market is full of various prominent cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin, etc., with burgeoning popularity and demand today. However, one digital crypto coin that has emerged as a prominent contender in terms of unique stability and utility is Tether. Riding high...
Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity
5.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police...
Tether Treasury receives two $50M USDT lump sums from Bitfinex
2.10.2023
Two transactions showed lump sums of $500,000,000 in USDT being transferred from Bitfinex to the Tether Treasury only a few minutes apart
Binance Advises Paysafe Users to Convert Euro Balances to Tether
29.9.2023
Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank accounts after the payment processor suspended deposits...
MetaExpand Launchpad on LBank Ends with 52,186,338 USDT in Investment, Attracts Substantial Interest; UMM to be Listed on LBank
28.9.2023
PRESS RELEASE. LBank recently concluded its Launchpad for MetaExpand, securing a total investment of 52,186,338 USDT from 35,229 participants. $UMM will be listed on LBank and open for trading on September 29th at 6 AM(UTC). This event was highly anticipated, following the immense success of...
Bitcoin lender Ledn to roll out ETH, USDT interest accounts
28.9.2023
Spurred on by user requests, Bitcoin lending firm Ledn is rolling out an Ethereum yield product
Binance Asks Paysafe Users to Convert EUR Balances to USDT by End of October
28.9.2023
Binance has asked Paysafe users to convert their euro balances to USDT by the end of October as the payments provider has stopped processing euro deposits for the exchange's users.
In a Thursday announcement, Binance said Paysafe has "unilaterally decided to stop processing EUR deposits...
Binance urges users to convert Euros to USDT after Paysafe debank
28.9.2023
Binance’s European debanking woes continue as it urges Paysafe users to convert their Euros to digital dollars
Almost All Crypto Employees Take Pay in Fiat, Pantera Study Finds
26.9.2023
The median pay globally among 570 engineers surveyed was $120,000, with those in North America getting $193,000, up 1.5% versus the prior year, based on the study
Tether co-founder sizes up PayPal’s Stablecoin ambitions
26.9.2023
The cryptocurrency and fintech sectors are constantly evolving, and in recent times, stablecoins have emerged as a groundbreaking innovation. In today’s financial landscape, digital assets like Tether (USDT) have not gone unnoticed, capturing considerable interest and wielding significant...
Tether Denies Links With Alleged Spokeswoman Alex Welch; Blasts ‘Tabloid’ News Outlets
26.9.2023
A controversy surrounding Alex Welch, an alleged spokeswoman of Tether, the company behind USDT, erupted last week as an article in the Wall Street Journal (WSJ) quoted her as a source for information on the company’s loans. However, Tether CTO Paolo Ardoino denied any involvement of Welch...
Tether reportedly shuts USDT redemption for some Singapore customer groups
25.9.2023
Tether in its email said they found Cake DeFi to be controlled by “another corporation that resides in Singapore,” and thus they won’t be allowed to redeem USDT
Tether approves $1 billion USDT boost for Tron network’s liquidity
25.9.2023
Considering a monumental move in full swing to support and strengthen the Tron network’s liquidity, Tether, the predominant stablecoin provider, approves $1 billion USDT. This vital collaboration between Tether and Tron is expected to redefine and turn around the cryptocurrency landscape....
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...
Tether Reneges on Loan Promise: Lends $5.5 Billion in Stablecoins Despite Earlier Pledge
22.9.2023
Tether, the company behind the popular USDT stablecoin, has raised eyebrows in the crypto community by lending out $5.5 billion in stablecoins, despite its earlier promise to halt such loans by the end of 2023, according to a Wall Street Journal report.
This revelation has raised questions about...
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
21.9.2023
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing