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Tether to double its workforce to 200 by mid-2025: Report

[Aug 9 5:53 AM] The stablecoin issuer will still be tiny in terms of staff compared to other tech and crypto companies.

TON Climbs 10% Ahead of Binance Listing

[Aug 8 2:30 PM] The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range…

Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

[Aug 2 9:00 PM] This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.

Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit

[Aug 1 6:00 AM] Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per…

Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal

[Aug 1 4:30 AM] On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As…

Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's

[Jul 31 6:26 PM] The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.

Tether Posts $5.2 Billion Profit in First Half of 2024

[Jul 31 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…

Tether reports record-breaking $5.2B profit in first half of 2024

[Jul 31 4:47 PM] Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.

Tether dominates with $113B post-SVB collapse — IntoTheBlock

[Jul 30 12:51 PM] Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard.

Venezuela's Election Body Says Nicolas Maduro Reelected President, Opposition Claims Victory Too: Reports

[Jul 29 6:34 AM] The opposition too has claimed victory in a nation where the dependence on crypto is fueled by multiple crises.

Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M

[Jul 27 10:24 AM] The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward…

Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth

[Jul 25 6:20 AM] The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by…

Payment platform Mercuryo integrates crypto on-ramp with Indonesian banks

[Jul 22 5:34 AM] Mercuryo integrates crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian Rupiah into 40 digital tokens, including BTC, ETH, and USDT.

Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more

[Jul 19 12:00 PM] This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.

Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

[Jul 17 11:15 AM] While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days…

Issuance of TRON-Based USDT Exceeds $60 Billion

[Jul 17 7:09 AM] In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single…

Bitcoin Miner Northern Data Moves to Dismiss Ex-Employees’ Whistleblower Suit

[Jul 16 12:57 PM] European bitcoin mining firm Northern Data is pushing back against a whistleblower suit filed by two former executives of the company who say they were wrongfully terminated after raising concerns about the company’s financial health and alleging…

Cambodian Firm Receives $150K in Crypto From North Korean Hackers

[Jul 16 5:20 AM] A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay…

Chainalysis Chief Economist Joins Tether Amidst Ongoing Class Action Lawsuit

[Jul 16 2:25 AM] Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This…

Plaintiffs amend complaint in Tether lawsuit for alleged USDT scheme

[Jul 15 5:07 PM] The class-action lawsuit alleges Tether and Bitfinix conspired to manipulate crypto market prices.

Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether

[Jul 15 2:12 PM] Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws.

Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether

[Jul 15 2:08 PM] On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data…

Tether hires Chainalysis’ chief economist for USDT usage reports

[Jul 15 10:25 AM] Tether has appointed Philip Gradwell as head of economics to improve transparency on USDT usage to regulators.

Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024

[Jul 15 8:04 AM] Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596…

Tether Taps Chainalysis Chief Economist Philip Gradwell as Economics Head

[Jul 15 6:00 AM] Gradwell will be responsible for quantifying the Tether economy to regulators.

Inside Lugano’s crypto revolution — A documentary

[Jul 10 11:00 AM] Bitcoin journalist Joe Hall tests Lugano, Switzerland, to see if it truly merits the title of the world’s most crypto-friendly town.

Crypto adoption in Argentina soars amid 276% inflation spike

[Jul 9 6:28 AM] Argentina has emerged as the top market by numbers of visitors on Binance, one of the world’s largest crypto exchanges.

Tether CEO advocates for localized AI models to prevent hacks

[Jul 8 3:27 AM] The CEO of Tether Paolo Ardoino responded to OpenAI’s recent hack by claiming localized AI models are the key to ensuring independence and privacy and preventing future hacks.

Opera Mini’s crypto wallet MiniPay now offers USDT and USDC

[Jul 4 12:14 AM] Since launching in September 2023, Opera Mini’s MiniPay app has amassed three million users.

Tether to Drive Digital Asset Education in Turkey

[Jul 3 3:55 AM] Crypto industry leader, Tether Operations Limited, and technology and strategy company, BTguru, have entered into a Memorandum of Understanding (MoU) to assess digital assets educational initiatives in Turkey (Türkiye). The MoU aims to develop…