4 / 22 Relevant items tagged with #Tether

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New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case

[Oct 5 7:30 AM] The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by…

US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio

[Oct 5 2:30 AM] The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial…

Tether is ‘best friend’ of US, says CEO Paolo Ardoino

[Oct 4 2:44 PM] While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph.

Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino

[Oct 1 9:19 PM] Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

Gemini’s exit from Canada: What’s driving crypto exchanges out?

[Oct 1 1:15 PM] Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins.

Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’

[Oct 1 5:16 AM] Response to Swan’s lawsuit says that the mining company at the center of the controversy was only minority-owned by the company, and not a full-fledged subsidiary.

Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams

[Sep 30 4:30 AM] Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions…

3 signs that Bitcoin price is not ready to make a new all-time high

[Sep 29 10:33 PM] China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.

FBI Seizes $6M in Crypto From Southeast Asian Scammers

[Sep 28 1:30 AM] U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency…

Fed’s dovish move will slash $625M in interest income for stablecoins

[Sep 27 8:54 PM] CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

Swan Bitcoin Claims Ex-Employees 'Stole' its Mining Business at Tether’s Direction

[Sep 27 7:14 PM] Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time

Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

[Sep 27 4:30 PM] A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s…

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

[Sep 27 1:30 PM] Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in…

Robinhood, Revolut eye entry into stablecoin market — Report

[Sep 26 8:44 PM] Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.

Hamster Kombat token price plunges on exchange debut

[Sep 26 1:29 PM] Amid Hamster Kombat officially listing on exchanges such as Binance and HashKey, the HMSTR token has been plummeting.

Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

[Sep 25 9:11 AM] Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

USDC issuer Circle launches onchain compliance platform 

[Sep 24 5:54 PM] It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.

Bybit Türkiye Gains Recognition as a Crypto Asset Service Provider by Turkish Regulator

[Sep 23 2:38 PM] Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset…

Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone

[Sep 22 12:00 PM] Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of…

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand

[Sep 21 4:30 PM] In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days…

Tether’s transparency and business structure raises $118B FTX-like concerns

[Sep 20 7:30 AM] Tether’s market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influence over the crypto industry.

Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin

[Sep 18 10:56 AM] BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.

Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why

[Sep 17 7:45 PM] Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last.

USDT on TON chain surpasses $1 billion: Token Terminal

[Sep 17 7:13 PM] Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC).

Tether-Issued Stablecoin USDT's Market Share Grows to 75% as Market Cap Tops $118B

[Sep 17 2:33 PM] The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.

Tether USDT’s market share rises 20%, reaching 75% in two years

[Sep 16 1:48 PM] The world's largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.

UK Court Recognizes USDT as ‘Distinct Form of Property’

[Sep 15 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…

Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

[Sep 15 5:25 PM] Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has…

Tether onboards head of government affairs from PayPal

[Sep 13 9:30 PM] Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

[Sep 13 4:55 PM] Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.