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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
Crypto Whale Duped for $4.5 Million in a Phishing Attack
21.9.2023
A crypto whale has reportedly fallen victim to a staggering $4.46 million phishing scam.
The unidentified crypto holder transferred approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in "ACa7," as per data from Etherscan.
Blockchain...
Phishing victim sends eye-watering $4.5M in USDT to scammer
21.9.2023
On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer
Tether authorizes $1B USDT to "replenish" Tron network
19.9.2023
Blockchain trackers flag $1 billion “authorised but not issued” USDT mint at Tether’s Treasury, CTO Paolo Ardoino clarifies holdings will be used for ongoing TRON issuance requests and chain swaps
Tether stability tested amid crypto market shakeup
18.9.2023
Amidst the ongoing crypto volatility, Tether (USDT) is sustaining its place as one of the most significant digital tokens in existence. The token, which has a set exchange rate of one U.S. dollar for each USDT, has been intensely inspected since late 2018 due to speculations that it is being...
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
12.9.2023
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global
Binance dropping BUSD in 2024, investors moving to Tether (USDT) – What does this mean for Bitcoin Spark?
9.9.2023
The recent news of Binance dropping BUSD in 2024 has created a wave of uncertainty within the crypto community. Having said that, Bitcoin Spark’s investors and would-be investors are concerned about what this move could mean for their beloved cryptocurrency. What is BUSD? BUSD, or Binance...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
9.9.2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral...
Decoding the Dominance: A Deep Dive into Ethereum and Tron’s Tether Wallets
5.9.2023
Although bitcoin and ethereum dominate the crypto realm in terms of market capitalization, tether (USDT) stands out as the third-largest digital currency by market valuation. Notably, while USDT operates on multiple blockchains, Ethereum and Tron predominantly host its supply. This piece delves...
Binance to Gradually Phase Out Support for BUSD Stablecoin
31.8.2023
The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases out BUSD markets. BUSD Support Ending on Binance...