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Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
20.5.2022
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino
Tether reports 17% decrease in commercial paper holdings over Q1 2022
19.5.2022
“This latest attestation further highlights that Tether is fully backed and that the composition of its reserves is strong, conservative, and liquid," said Paolo Ardoino
Tether launches crypto and blockchain education program in Switzerland
19.5.2022
"It is essential that educational institutions are put into place to help better inform not only traders and investors but future business owners," said Paolo Ardoino
Tether Cut Commercial Paper Reserve by 17% in Q1
19.5.2022
Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report
Tether in the Spotlight After USD 9B Worth of Redemptions
19.5.2022
The popular stablecoin tether (USDT) is again the subject of unwanted attention after approximately USD 9bn has been redeemed for US dollars by users in the aftermath of the terraUSD (UST) collapse.
The redemptions have come despite USDT trading on exchanges within a rounding error of its USD...
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
18.5.2022
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed
Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview
18.5.2022
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview
What to Watch for in Tether's Upcoming Attestation Report
18.5.2022
The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist
Stablecoin supplies and cash reserves in question amid crypto exodus
17.5.2022
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...
First 7-week losing streak in history ― 5 things to know in Bitcoin this week
16.5.2022
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
16.5.2022
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster...
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
15.5.2022
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system
Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining
13.5.2022
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears
Nomura's Bitcoin OTC, Prosecutors vs. Arthur Hayes, Tether's Reserves + More News
13.5.2022
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: Nomura's Bitcoin OTC, Prosecutors vs. Arthur Hayes, Tether's Reserves + More News
Tether Recovers After Stabecoin Regains Peg
13.5.2022
The USDT stable coin got itself back up just as Tether’s CTO Paolo Ardoino assured investors that the peg was not broken. The assurance came through a Twitter Space session with Ardoino on Thursday. He also confirmed that Tether has no issues with redemptions, including the $600 million...
Bitcoin Jumps Above USD 30K, Ethereum Reclaims 2K as Tether Regains Peg, LUNA & UST Near Zero
13.5.2022
Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.
USDT regained its peg after losing it yesterday. (Learn more:...
Stablecoins' recent de-pegging is not a 'real threat to financial stability,' says Janet Yellen
12.5.2022
Terra's UST dropped as low as $0.29 and Tether's USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
12.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has raised concerns over crypto trading platforms...
Two Clues for When Bitcoin Downturn Might End
12.5.2022
As the crypto market crash continued on Thursday, analysts told Cryptonews.com that traders should keep a close eye on the bitcoin (BTC) price on Coinbase, as well as tether’s (USDT) progress towards getting back to its dollar peg, for clues about when the worst selling pressure might end.
“If...