16 / 22 Relevant items tagged with #Tether
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Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
[Aug 11, 2023 11:28 PM] The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.
Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies
[Aug 10, 2023 8:00 AM] In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data…
Binance drops majority of USD Coin reserves — Latest USDC news
[Aug 9, 2023 10:30 AM] This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
Circle CEO: 70% of USDC adoption comes from outside the US
[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
[Aug 6, 2023 10:56 PM] The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
Tether unveils mining software to boost efficiency and capacity
[Aug 6, 2023 12:45 AM] The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity.
Class Action Lawsuit Against Tether, Bitfinex Dismissed
[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…
Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether
[Aug 5, 2023 11:30 AM] A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with…
Tether May Now Be 11th Largest Bitcoin Holder, Analyst Says
[Aug 5, 2023 11:05 AM] Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. According to the report, Tether recorded an…
Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance
[Aug 3, 2023 1:07 PM] Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.
Binance CEO Shares Details Of $20 Million Scam Attempt
Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash
[Aug 3, 2023 9:38 AM] The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.
Exclusive - Tether Purchased 1,529 Bitcoin in Q2, CTO Confirms
[Aug 3, 2023 7:47 AM] Tether, the company behind the world’s most popular stablecoin USDT, acquired 1,529 bitcoin in the second quarter of 2023.Paolo Ardoino, the company’s CTO, confirmed the purchase to Bitcoin Magazine. According to the executive, Tether paid roughly…
Stablecoins: A Potential Counter to De-Dollarization
[Aug 3, 2023 7:44 AM] Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance.
Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion
[Aug 1, 2023 3:30 PM] Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its…
USDT Issuer Tether Reports A 30% Decline In Profit
[Jul 31, 2023 11:00 AM] Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion…
Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
[Jul 31, 2023 10:07 AM] The company said its operational profits exceeded $1 billion in Q2 this year.
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
[Jul 31, 2023 8:06 AM] Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.
Tether (USDT) Market Cap Reaches New Peak, Edges Toward $84 Billion Mark
[Jul 29, 2023 3:40 AM] Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from…
Singapore High Court rules crypto personal property, compares it to fiat money
[Jul 26, 2023 3:43 AM] The judge didn’t see any difference between crypto, fiat money or shells as long as all those objects, physical or not, share value created by mutual faith in them.
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
[Jul 25, 2023 11:30 AM] The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding…
Crypto headcount surges over 100% since 2019 despite implosions
[Jul 18, 2023 12:52 AM] While industry giants like Binance hire and lay off thousands of people, other crypto heavyweights like Tether only have 60 employees.
Tether CTO Paulo Adoino Explains 1 Billion USDT Issuance
[Jul 12, 2023 2:00 PM] Tether, one of the largest stablecoin issuers, has recently made a significant move in the cryptocurrency market. With the release of an additional 1 billion USDT on the Ethereum and TRON networks, Tether aims to solidify its market dominance and…
Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks
[Jul 12, 2023 12:00 PM] The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the…
AI would pick Bitcoin over centralized crypto - Tether CTO
[Jul 5, 2023 5:35 AM] Tether’s CTO Paolo Ardoino believes that artificial intelligence would choose to use Bitcoin over more centralized cryptocurrencies like stablecoins.
Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin
[Jul 4, 2023 3:14 PM] “Issuing a stablecoin pegged to the Hong Kong dollar not only helps to solidify Hong Kong’s leadership in the blockchain sector but also propels the progress of the digital Hong Kong dollar," said the report.
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…
Tether Signs Agreement With Country Of Georgia To Develop Bitcoin And Peer-To-Peer Infrastructure
[Jun 28, 2023 10:12 AM] Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia, aiming to position the country as a central hub for peer-to-peer (P2P) technology. The collaboration seeks to foster a thriving startup ecosystem and attract…