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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...
Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand
21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...
Tether acquires stake in Bitcoin miner Northern Data, hinting at AI collaboration
21.9.2023
The strategic investment into Northern Data through Tether group company Damoon may involve collaborations leveraging AI, P2P communications, and data storage solutions
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
Tether 2023 stablecoin loans rise despite size-down announcement in 2022
21.9.2023
Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024
How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school
19.9.2023
Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland
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 Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
18.9.2023
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space
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 Ecosystem Holds Firm Despite Lackluster Activity
17.9.2023
The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion. Stablecoin Market Shows Resilience...
Remitano Crypto Exchange Faces Possible Hack, $2.7 Million Withdrawn in Suspicious Transactions
15.9.2023
On September 14, crypto exchange Remitano faced an alarming situation with a suspicious withdrawal of approximately $2.7 million in cryptocurrencies, triggering concerns of a potential security breach.
Around 12:45 UTC, Cyvers, a blockchain analytics platform, alerted the crypto community about...
Remitano exchange allegedly hacked for $2.7M; $1.4M frozen by Tether
14.9.2023
The Remitano exchange experienced suspicious transactions as over $2.7 million was drained from its wallet by a single account
Bitfinex and Tether CTO Faces Deposition in Market Manipulation Case – Here's the Latest
12.9.2023
Paolo Ardoino – the outspoken CTO of Tether and Bitfinex – is set to testify this week as part of a years-long class action lawsuit against both exchanges after the executive's attempt to delay deposition was rejected by the court.
On Friday, legal counsel for the stablecoin issuer and crypto...
Tether and Bitfinex await the ruling after the Court denies leave
12.9.2023
Bitfinex has stated that the District Court has rejected their request for leave to amend the class action and that they anticipate receiving a favorable judgment soon. Tether is on the list as well, waiting for the final verdict. Laura Taylor Swain, the Chief Judge, has rejected Shawn...
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...
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
8.9.2023
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase