4 / 24 Relevant items tagged with #Tether

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Tether CEO’s MiCA concerns, Buterin to ‘Purge’ Ethereum inefficiencies: Finance Redefined

[Nov 1, 2024 7:00 PM] Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.

Inside Tether’s $14.2B Equity Peak—Key Takeaways From the Q3 Attestation

[Nov 1, 2024 1:30 PM] Tether’s third-quarter attestation for 2024, led by auditor BDO, highlights record profit levels, reserve expansion, and substantial U.S. Treasury holdings. Tether’s Q3 Performance Ranks Among Top U.S. Treasury Holders In its latest…

Tether posts $2.5B in Q3 profits, with 2024 earnings reaching $7.7B

[Oct 31, 2024 8:20 PM] Tether’s consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion. 

Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries

[Oct 31, 2024 8:08 PM] The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

[Oct 31, 2024 9:00 AM] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional…

U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

[Oct 30, 2024 8:42 PM] The U.S. Treasury Department's panel of Wall Street advisers see the tokenization of U.S. debt and other assets providing some significant potential advances, the group contended in a new report – while also envisioning an inevitable need for the…

Hong Kong court rules for investors in JPEX cryptocurrency fraud case

[Oct 30, 2024 5:07 PM] This was the first case against JPEX, which operated in Hong Kong without a license.

Circle raises USDC cash-out fees, affecting large-scale redemptions

[Oct 29, 2024 9:20 PM] The fee structure revision primarily affects institutional investors and high-volume traders.

Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'

[Oct 28, 2024 5:27 PM] The leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.

EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO

[Oct 28, 2024 9:52 AM] Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.

Tether and Coinbase Unveil Tools for Private AI and Autonomous Blockchain Agents

[Oct 28, 2024 9:30 AM] Tether and Coinbase are diving deep into artificial intelligence (AI), each unveiling new tech designed to bring enhanced privacy and onchain autonomy to the blockchain world. Blockchain and AI Tools In separate announcements this week, Tether and…

Disappearing Satoshi statue in Lugano took 21 months to create, says artist

[Oct 28, 2024 4:36 AM] Valentina Picozzi, an Italian artist, and orthodontist, became a Bitcoiner in 2012 and has been an activist artist since.

Tether CEO breaks down reserves backing USDT stablecoin

[Oct 27, 2024 7:55 PM] The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.

Tether CEO Breaks Down $9.45B in BTC and Gold Reserves, but It’s Only Part of the Picture

[Oct 27, 2024 5:30 PM] At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies…

Bitcoin bulls 'in control' as long as price holds above $66.5K: Analysts

[Oct 26, 2024 1:39 AM] Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500.

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’

[Oct 25, 2024 8:26 PM] In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly…

Ethereum nodes on phones, Tether market cap tops $120B: Finance Redefined

[Oct 25, 2024 7:00 PM] Tether’s record market capitalization signals the potential start of the next bull run amid growing investor anticipation of a major Ethereum upgrade.

Crypto Rally Foiled by Report of DOJ Probe of Tether

[Oct 25, 2024 6:24 PM] Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon.

WSJ Report Claims Tether Faces US Federal Inquiry on Alleged AML Charges

[Oct 25, 2024 6:19 PM] According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to…

Wintermute to take Ethena’s USDe as trading margin

[Oct 25, 2024 5:15 PM] Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey

[Oct 25, 2024 1:35 PM] Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and…

Tether proposes boron-backed tokens to Turkey’s government

[Oct 24, 2024 1:31 PM] Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

[Oct 23, 2024 1:49 PM] The business plan for WBTC is to increase the outstanding amount by five to 10 times what is now, just under $10 billion – using a geographically diversified custodial setup that might be more appealing to buyers outside the U.S

US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO

[Oct 23, 2024 2:51 AM] Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections.

Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation

[Oct 22, 2024 6:23 PM] Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he's counting on sensible crypto regulations coming soon from the U.S. "There is no place like the U.S.," he said via video link at DC Fintech Week in Washington.

Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

[Oct 22, 2024 8:30 AM] The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and…

Northern Data wants to sell Peak Mining to invest in AI expansion

[Oct 21, 2024 6:48 PM] The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

[Oct 20, 2024 12:46 PM] The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Crypto Biz: Onchain lending ramps up, driven by institutional activity

[Oct 18, 2024 9:00 PM] Institutional demand is driving a significant increase in onchain loans across DeFi protocols.

US lagging behind in global stablecoin adoption — Chainalysis

[Oct 17, 2024 7:00 AM] Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.