14 / 22 Relevant items tagged with #Tether

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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…

Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel

[Oct 16, 2023 7:05 AM] The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.

Tether Freezes 32 Crypto Addresses Linked to Terrorism, Warfare in Israel and Ukraine

[Oct 16, 2023 6:50 AM] Stablecoin issuer Tether has frozen 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, according to a press release.

Stablecoin Lender Liquity’s Token Gains 80% in Month as Activity Increases

[Oct 13, 2023 1:22 PM]

Tether Promotes Paolo Ardoino to CEO

[Oct 13, 2023 6:00 AM] Paolo Ardoino appointed new CEO at Tether.

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

[Oct 13, 2023 6:00 AM] The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said.

Tether Continues To Flow Into Exchanges: Why This Is Bullish For Bitcoin

[Oct 10, 2023 1:00 PM] Tether (USDT) has continued to move into exchanges recently. Here’s why this can be a positive development for Bitcoin. Tether Supply On Exchanges Is Now Highest In 7 Months According to data from the on-chain analytics firm Santiment, $9.99…

SBF's Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director

[Oct 10, 2023 3:40 AM] Coinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Bankman-Fried’s Alameda Research in 2021.

Can Bitcoin Continue Its Run? These Factors Could Suggest So

[Oct 3, 2023 4:00 PM] Bitcoin has observed a pullback in the past day, but these factors may imply that the cryptocurrency’s rally can continue. These Factors Could Suggest A Bullish Outcome For Bitcoin A couple of days back, Bitcoin had started observing some…

Tether treasury receives two $50M USDT lump sums from Bitfinex

[Oct 2, 2023 8:03 AM] Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.