[Aug 17, 2023 6:54 AM] Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.
[Aug 13, 2023 6:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine peso reaches historic lows, Tether’s USDT accounts for more than 80% of the…
[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.
[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…
[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.
[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…
[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.
[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…
[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…
[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…
[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.
[Aug 3, 2023 1:00 PM] Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the crypto community on alert for future occurrences. Crypto Scammers Are “So Good Now,” Binance CEO Says In a tweet on
[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…
[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.
[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…
[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…
[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…
[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.
[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…
[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.
[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…
[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…
[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.
[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.
[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…
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