10 / 19 Relevant items tagged with #Tether

Posts

Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion

[Nov 16, 2023 4:00 PM] 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…

Tether plans major expansion into BTC mining with $500M investment: Report

[Nov 16, 2023 1:00 PM] Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push.

Tether credits USDT growth surge to ETF excitement, emerging markets

[Nov 14, 2023 7:28 AM] 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

[Nov 13, 2023 3:36 PM] Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.

Stablecoin firm Tether minted 4B USDT in 4 weeks: Data

[Nov 13, 2023 4:23 AM] 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

[Nov 10, 2023 12:30 PM] 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…

A Chat With Paolo Ardoino: What’s Behind The Bitcoin Price Rally, New Role As CEO, And Adoption

[Nov 9, 2023 12:00 PM] A year ago, our team sat down with Paolo Ardoino, CTO at crypto exchange Bitfinex, to talk about the Bitcoin price and the events that, for many, triggered the long crypto winter: the FTX collapse, and the downfall of major companies in the space…

US lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

[Nov 9, 2023 7:04 AM] The act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether.

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

[Nov 8, 2023 4:20 PM] 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

[Nov 8, 2023 11:11 AM] 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.

Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement

[Nov 6, 2023 1:30 AM] 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…

Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree

[Nov 3, 2023 5:30 AM] Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm…

Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer

[Nov 2, 2023 4:30 AM] Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus…

Tether issues $610M debt financing to Bitcoin miner Northern Data

[Nov 2, 2023 3:22 AM] In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives.

Crypto at the Center of $300M Fraud Case in China

[Nov 1, 2023 11:49 PM] 21 people were sentenced in a case involving converting 'dirty' USDT to RMB.

Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves

[Nov 1, 2023 10:00 AM] On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus…

Tether attestation shows cash and cash equivalents of 86% as loans decline

[Oct 31, 2023 12:00 PM] Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements.

Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans

[Oct 31, 2023 10:32 AM] Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

[Oct 31, 2023 7:01 AM] The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.

SBF claims innocence, contradicts other witnesses: Law Decoded

[Oct 30, 2023 2:00 PM] Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

[Oct 29, 2023 12:42 PM] USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.

US Lawmakers Ask DOJ to Consider Criminal Charges Against Binance and Tether

[Oct 27, 2023 9:00 PM] Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully evaluate the…

Binance And Tether Accused By Lawmakers: DOJ Investigation Requested For Illicit Finance

[Oct 26, 2023 4:00 PM] In a recent development, US lawmakers have urged the US Department of Justice (DOJ) to initiate a criminal investigation into cryptocurrency exchange Binance (BNB) and stablecoin issuer Tether (USDT).  The lawmakers, led by Senator Cynthia Lummis…

Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether

[Oct 26, 2023 3:59 PM] U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas.

U.S. Lawmakers Lummis, Hill Urge DOJ Decision on Charging Binance, Tether for Aiding Hamas

[Oct 26, 2023 11:38 AM] U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to "expeditiously conclude" investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.

Tether Will Publish Reserve Data in Real Time in 2024: Report

[Oct 20, 2023 4:57 AM] Stablecoin issuer Tether will publish real time data on the reserves backing USDT, the industry's largest dollar-pegged stablecoin, according to a Bloomberg report.

What is USDT? All About Tether Stablecoin Cryptocurrency

[Oct 19, 2023 1:52 PM] USDT, also known as Tether, has become an integral part of cryptocurrency markets since its launch in 2014. Pegged 1:1 to the US dollar, it is the most widely used stablecoin with a market capitalization of over $83 billion as of October 2023. But…

Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

[Oct 19, 2023 12:30 PM] The world’s largest cryptocurrency exchange painted a somber picture of the market, with occasional bright spots for individual players.

Tether Freezes 32 Suspicious Addresses Linked to Ukraine and Israel Conflicts

[Oct 16, 2023 1:30 PM] On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The…

Tether Freezes 32 Crypto Addresses Linked To Terrorism In Israel And Ukraine

[Oct 16, 2023 11:00 AM] Tether, the world’s largest stablecoin company, has reaffirmed its commitment to combating cryptocurrency-funded terrorism and warfare by collaborating with law enforcement agencies worldwide.  The company has frozen 32 addresses containing…